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["description"]=>
string(1458) "The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards.
To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies.
The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries.
Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics."
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["title_en"]=>
string(84) "The IMF states that subsidies and tax breaks can hinder production - NewsNow Nigeria"
["snippet_en"]=>
string(224) "In a recent report titled ‘Industrial Policy Is Not a Magic Cure for Slow Growth,’ the International Monetary Fund highlighted the detrimental effects of relying on costly subsidies and tax breaks in industrial policies."
["url"]=>
string(93) "https://newsnownigeria.ng/the-imf-states-that-subsidies-and-tax-breaks-can-hinder-production/"
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["publication_date"]=>
string(10) "2024-04-12"
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string(17) "Production Issues"
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["title_en"]=>
string(35) "Is IMF wrong on taxation of Saccos?"
["snippet_en"]=>
string(100) "Saccos in Uganda are a means of providing aid to people through access to loans; so, it is only fair"
["url"]=>
string(85) "https://observer.ug/index.php/news/headlines/80982-is-imf-wrong-on-taxation-of-saccos"
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["publication_date"]=>
string(10) "2024-04-02"
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["title_en"]=>
string(125) "“Maintaining fuel tax cuts” extended for the 9th time...contrary to IMF recommendations, becoming chronic | JoongAng Ilbo"
["snippet_en"]=>
string(600) "Choi Sang-mok, Deputy Prime Minister and Minister of Strategy and Finance, said at an emergency economic ministers' meeting presided over at the Seoul Government Complex on the 15th, "We will extend the current fuel tax cut for an additional two months until the end of June to avoid increasing the burden on people's livelihoods." Ahn Chang-nam, a professor of taxation at Kangnam University, said, “The price of oil is a ‘barometer’ of the price level that consumers are sensitive to. This is why the government has no choice but to extend the fuel tax cut despite the lack of tax revenue.”"
["url"]=>
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string(10) "2024-04-01"
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string(5) "Taxes"
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["title_en"]=>
string(56) "IMF asks govt to prioritise digitisation of tax register"
["snippet_en"]=>
string(117) "The IMF says digitisation of the tax system will support revenue administration, while at the same time transform URA"
["url"]=>
string(114) "https://www.monitor.co.ug/uganda/business/finance/imf-asks-govt-to-prioritise-digitisation-of-tax-register-4574006"
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string(10) "2024-03-30"
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string(31) "Financial Update/Profit Warning"
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string(56) "The tax revenue plan was submitted to the IMF - Aaj News"
["snippet_en"]=>
string(56) "The tax revenue plan was submitted to the IMF - Aaj News"
["url"]=>
string(94) "https://www.aajenglish.tv/news/30354892/the-tax-revenue-plan-was-submitted-to-the-imf-aaj-news"
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string(10) "2024-03-15"
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["title_en"]=>
string(36) "FBR Shares Tax Revenue Plan With IMF"
["snippet_en"]=>
string(151) "The Federal Board of Revenue has shared a comprehensive tax revenue plan with the International Monetary Fund (IMF). Sources told ProPakistani that per"
["url"]=>
string(72) "https://propakistani.pk/2024/03/15/fbr-shares-tax-revenue-plan-with-imf/"
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string(36) "IMF pushes for broader tax increases"
["snippet_en"]=>
string(106) "If the proposal is implemented it is estimated that an additional revenue of Rs4 trillion will be obtained"
["url"]=>
string(73) "https://tribune.com.pk/story/2458174/imf-pushes-for-broader-tax-increases"
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string(47) "Lobby rejects IMF-backed changes on alcohol tax"
["snippet_en"]=>
string(84) "ABAK says the adoption of the proposal would equate to a 67 percent excise tax hike."
["url"]=>
string(92) "https://nation.africa/kenya/business/lobby-rejects-imf-backed-changes-on-alcohol-tax-4413260"
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string(67) "Malaysia urged to develop revenue strategy to boost low taxes - IMF"
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string(301) "KUALA LUMPUR: Developing a medium-term revenue strategy remains an urgent priority for Malaysia as the country’s tax revenues are the lowest among the Asean-5 and Organisation for Economic Co-operation and Development (OECD) peers and have been declining, said the International Monetary Fund (IMF)."
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8227f-us-international-monetary-fund
International Monetary Fund
Location
District of Columbia
Founded
1947-02-28
Website
https://www.imf.org
Articles
1490 Articles
Category
Libraries
Description
The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards.
To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies.
The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries.
Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics.
In a recent report titled ‘Industrial Policy Is Not a Magic Cure for Slow Growth,’ the International Monetary Fund highlighted the detrimental effects of relying on costly subsidies and tax breaks in industrial policies.
Choi Sang-mok, Deputy Prime Minister and Minister of Strategy and Finance, said at an emergency economic ministers' meeting presided over at the Seoul Government Complex on the 15th, "We will extend the current fuel tax cut for an additional two months until the end of June to avoid increasing the burden on people's livelihoods." Ahn Chang-nam, a professor of taxation at Kangnam University, said, “The price of oil is a ‘barometer’ of the price level that consumers are sensitive to. This is why the government has no choice but to extend the fuel tax cut despite the lack of tax revenue.”
The Federal Board of Revenue has shared a comprehensive tax revenue plan with the International Monetary Fund (IMF). Sources told ProPakistani that per
KUALA LUMPUR: Developing a medium-term revenue strategy remains an urgent priority for Malaysia as the country’s tax revenues are the lowest among the Asean-5 and Organisation for Economic Co-operation and Development (OECD) peers and have been declining, said the International Monetary Fund (IMF).
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