International Monetary Fund

Latin America

‘Where is the $128B?’ Turkey’s opposition presses Erdogan | Banks News

The sum refers to the dollars sold by Turkey’s state banks to support its lira currency in foreign exchange markets.…

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Latin America

A fair shot: World Bank, WHO urge unity in global vaccine efforts | Banks News

Even after vaccinations are widespread, a small coronavirus outbreak anywhere has the potential to jeopardise economic gains and recovery everywhere,…

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Asia

Powell: Economy will not be confident until world is vaccinated | Banks News

Viruses do not respect borders, and until the world is fully vaccinated against the coronavirus, the global and United States…

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Latin America

US jobless claims rise to 744,000 as layoffs continue | Business and Economy News

Jobless claims remain stubbornly high by historical standards: Before the coronavirus pandemic erupted, weekly applications typically remained below 220,000 a…

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Asia

‘Vaccine policy is economic policy,’ IMF chief stresses | Business and Economy News

Both the IMF managing director and World Bank president expressed alarm over growing global economic inequality on Wednesday after a…

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Africa

IMF lifts growth for developing nations, warns of uneven recovery | Business and Economy News

Updating growth for developing countries to 6.7 percent in 2021, the International Monetary Fund warned that many outside Asia will…

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Africa

What are SDRs and why are they a hot topic at the IMF meeting? | International Monetary Fund News

As International Monetary Fund and World Bank leaders kick off their annual spring meetings this week, there’s an acronym that’s…

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Africa

New IMF reserves could fund vaccines in poor nations: Rockefeller | Business and Economy News

G20 is expected this week to back $650bn in new IMF allocations to help countries cope with COVID pandemic. Moves…

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Africa

Race to the bottom: Yellen makes case for global minimum tax rate | Business and Economy News

A global minimum corporate tax rate can help ensure everyone pays their fair share and will prevent companies from fleeing…

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Latin America

World Bank urges Lebanon to ‘help itself so we can help it’ | Food News

Lebanon’s annual inflation rate reached a record high and food prices soared by around 400 percent in December, highlighting the dramatic…

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Middle East

Sudan to access $2BN in World Bank grants after settling debts | Debt News

Sudan is still seeking relief from some $56bn in external debt owed to international financial institutions, official bilateral creditors and…

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Middle East

Yellen spars with GOP senator on IMF help for poor countries | Coronavirus pandemic News

Treasury Secretary Janet Yellen is facing fierce Republican opposition for supporting a major expansion in funding for the International Monetary…

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Africa

G7 agrees to back IMF reserve boost to help poorer nations | Business and Economy News

The United Kingdom said the G7 agreed to support a ‘sizable’ increase to Special Drawing Rights, an internal currency used…

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Asia

Yellen, Georgieva urge more women to consider career in economics | Coronavirus pandemic News

The coronavirus pandemic has disproportionately affected women and threatens to reverse decades of progress towards gender equity, including in the…

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Middle East

Turkey’s economy grew by 1.8% in 2020, avoiding COVID contraction | Business and Economy News

Growth was propelled by a near doubling of lending by state banks to quell the initial impact of the coronavirus…

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Asia

Canada will stick with $79bn stimulus despite debt fears: Source | Business and Economy News

‘The greater crime would be not to do enough,’ a senior Canadian government official told Reuters news agency. Canada’s stimulus…

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Asia

Yellen backs new allocation of IMF’s currency to aid in recovery | Government News

The global economy is at risk of a ‘dangerous and permanent divergence’, the secretary of the US Treasury warned G20…

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