• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    International Monetary Fund

    By Brian Kenety // 30 October 2009

    The IMF on Oct. 29 raised its outlook for growth in Asia for this year and next, reflecting the region's rapid rebound from the depths of the global downturn in recent months. Asia as a whole, including Japan, Australia and New Zealand, is set to manage growth of 2.8 percent this year, and 5.8 percent in 2010 - in both cases about one and a half percentage points more than the IMF's projection in May. "Just as the US downturn triggered an outsized fall in Asia's G.D.P. because international trade and finance froze, now their normalization is generating an outsized Asian upturn. For this reason, the rebound in economic activity has been fastest in the export-dependent Asian economies that were hit most severely at the end of 2008," the Fund said in its regional economic outlook for Asia and the Pacific region.

    The IMF has warned Ukraine that it might freeze assistance ahead of January's presidential election if populist wage and pension increases are introduced. The warning comes as fears grow that Ukraine could sink deeper into political turmoil. The IMF demanded that Ukraine's government veto a wage and pension law passed last week by the country's parliament, saying it was at odds with an IMF support program. The IMF said Ukraine's economic and financial situation was "stabilizing" under the support program, but "corrective actions" were needed. It said these corrective measures were agreed with Ukrainian leaders but did not spell them out, besides noting the wage law veto. Prime Minister Yulia Tymoshenko has said the wage increases bill was like placing "an atom bomb under the finances of the country" and has called for the law's veto by President Viktor Yushchenko.

      Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

      About the author

      • Brian Kenety

        Brian Kenety

      Search for articles

      Related Stories

      PhilanthropyAsia’s wealth is booming. What about its giving?

      Asia’s wealth is booming. What about its giving?

      The Trump EffectUS tariffs threaten to push debt-distressed nations closer to the brink

      US tariffs threaten to push debt-distressed nations closer to the brink

      The Future of US AidWhat loss of USAID funding could mean for Ukraine

      What loss of USAID funding could mean for Ukraine

      China AidThe US aid freeze has left a funding gap. What if China steps in?

      The US aid freeze has left a funding gap. What if China steps in?

      Most Read

      • 1
        The power of diagnostics to improve mental health
      • 2
        Lasting nutrition and food security needs new funding — and new systems
      • 3
        Opinion: Urgent action is needed to close the mobile gender gap
      • 4
        The UN's changing of the guard
      • 5
        The top local employers in Europe
      • News
      • Jobs
      • Funding
      • Talent
      • Events

      Devex is the media platform for the global development community.

      A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Post a job
      • Careers at Devex
      • Contact us
      © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement