IMF
The World's Poorest Should Not Be Starved of Funding
We urgently need better ways to finance sustainable development and climate action in low-income countries.
The Next World Bank President Needs to Make These 3 Changes
The hunt is now on for a new president of the World Bank. Traditionally, the job is taken by an American. But whoever is picked must be someone determined to fix three big problems: the Bank's mission, model—and money. This is a bold plan for change and we will not solve climate change without it.
Russia's economy forecast to outperform U.S. within two years
The International Monetary Fund reported that Russia's GDP would be over 2 percent in 2024, with the U.S. seeing 1 percent growth that year.
Explained: Why Britain's senior bankers are clashing with politicians
On Wednesday morning, the sterling fell again after the Bank of England announced its special bond-buying program won't go beyond the Friday deadline.
Germany could pay everyone's December gas bill
All households and small-to-medium businesses in the country will receive help from the government, as tightening energy supplies take their toll.
World is 'Teetering' on Edge of Global Recession, IMF Says
"The global economy, still reeling from the pandemic and Russia's invasion of Ukraine, is facing an increasingly gloomy and uncertain outlook," the IMF wrote.
China's Not to Blame for All of Sri Lanka's Woes
Some observers have blamed Sri Lanka's troubles on its dealings with China, which has made substantial investments in the country. Recently, CIA Director William J. Burns became the latest U.S. official in recent years to attribute Sri Lanka's economic crisis to Chinese debt. Of Sri Lanka's total foreign debt, loans from China's government are in the range of 10 percent to 12 percent. Adding Chinese commercial loans to a wider base of public and publicly guaranteed debt, a new analysis...
Sri Lanka Cast Out of Eden By Greedy Elite
With declining tax collection squeezing government revenue and spending, foreign borrowing—at higher rates, with shorter maturities—increasingly financed budget deficits.
Sri Lanka President Gotabaya Rajapaksa Flees as Protesters Storm His Home
Tensions are high as the country is experiencing a major economic crisis with people struggling to to get food, fuel and medicine.
The West Must Prevent Sri Lanka from Becoming South Asia's Lebanon
The international community needs to pay attention to the crisis in Sri Lanka, and the potential for renewed terrorism is not the only reason.
El Salvador Loses $38M in Bitcoin Crash, Faces Potential Default
Having made Bitcoin legal tender in September 2021, the country has made several big currency purchases, frequently buying at prices well in excess of $40,000.
U.S. Concerned Over Allegations World Bank Changed Business-Friendly Ranks
Treasury Secretary Janet Yellen said a report alleging World Bank officials had changed business rankings for China "raised legitimate issues and concerns."
International Monetary Fund Revises Projects for U.S. Economy to 7 Percent
"The recovery is not assured until the pandemic is beaten back globally," IMF chief economist Gita Gopinath said.
Ilhan Omar Rips Billionaire Bezos as 'Workers Forced to Defecate in Bags'
"He makes $152,000 per *minute* and yet his workers are forced defecate in bags," Omar said, accusing Bezos of retaliating against workers seeking to unionize.
Give Africa Unilateral Access to IMF's Special Drawing Rights
Following the outbreak of COVID-19, experts advocated the issuance of additional special drawing rights, the International Monetary Fund's composite currency unit.
We Must Shape the post-COVID recovery to Address Climate Change, Too
Climate adaptation action offers an opportunity for the millions of workers who have lost their jobs during the pandemic—and a singular chance to address an even greater threat than COVID.
Global Economy Will Shrink by 3 Percent in 2020, IMF Forecasts
The International Monetary Fund said the global economy is set to suffer the worst financial crisis since the Great Depression this year as governments worldwide deal with the coronavirus pandemic.
Trump Is a Bigger Threat Than Coronavirus, Iranian Commander Says
Iran has requested $5 billion from the International Monetary Fund to support its fight against the pandemic.
What's Happening in Ecuador? Protests Over Fuel Subsidies Reach Sixth Day
Nearly 700 have been arrested in protests in the Ecuadorian capital as President Lenin Moreno tries to quell the violence.
IMF: Trump's China Trade War Could Cost 'Around $700 Billion' by 2020
"As a reference, this is approximately the size of Switzerland's entire economy," IMF managing director Kristalina Georgieva explained.
Alexandria Ocasio-Cortez Mocks Ivanka Trump Failing to Mingle at G20
Alexandria Ocasio-Cortez joined Trump administration critics in ridiculing video appearing to show Ivanka Trump awkwardly trying and failing to join G20 Summit leaders in conversation over the weekend.
IMF Debunks Donald Trump's Tariffs Claim
The president has repeatedly stated Washington raises "hundreds of billions of dollars" in tariffs from China.
Trump's Trade Wars Hurting Global Economy: IMF
The ongoing U.S.-China trade dispute kicked off by President Donald Trump is helping to weaken the global economy, the International Monetary Fund said.
Venezuela Inflation Hits 833,997% Over Past Year
The International Monetary Fund said inflation could top 10 million percent in 2019.
China Trade Deficit Has Cost U.S. Millions of Jobs
Bilateral trade between China and the U.S. has cost 3.4 million American jobs, with losses occurring in every state and congressional district.
Trump's Sanctions Forced Iran's Economy Into Recession
"U.S. sanctions against Iran will both weigh on Iran's oil production prospects in the medium term and reduce Iran's crude exports in the short term...," the report predicts.
Venezuela Inflation to Hit 1 Million Percent This Year
More than a million people have already fled the country amid a worsening economic crisis.
Trump Spending Bill Leads to Stark IMF Warning
"This president, obviously, is not a president that's interested in fiscal issues."
Robert Kahn: Will Macron Make Lagarde Prime Minister?
A good choice for France, but it would put the future direction of the IMF in jeopardy.
Will Populism Halt Europe's Ever Closer Union?
Even with Macron elected and Merkel reelected, disruptive forces will continue to constrain them.