The International Monetary Fund downgrades its forecast for global economic growth, expecting economic activity to increase 3.4% this year followed by 3.6% in 2017.

The third Interna-tional Conference on Financing for Development recently convened in Ethiopia's capital, Addis Ababa.

The International Monetary Fund lowers its 2015 global economic growth forecast warning of the risk of "financial stress" in Europe from the Greek debt crisis.