For example, the IMF predicts that the advanced economies will shrink by two percent this year, while the emerging economies will enjoy their slowest growth in the last 10 years. Overall, the IMF expects the global economy to grow by only half a percent, effectively at a standstill.
Anti-money laundering framework  Following the operationalisation of the Proceeds of Crime and Anti-Money Laundering Act, 2009 effective 28th June 2010, the Financial Reporting Centre (FRC) was created on 12th April 2012. The Central Bank and the Ministry of Finance seconded staff to facilitate the setting up of the FRC.