Ratings agency Moody’s slapped a downgrade warning on China’s credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis would weigh on the world’s No. 2 economy. Moody’s lowered the “outlook” on China’s A1 debt rating to “negative” from “stable” less than a month after it […]
Sri Lanka has secured India’s support for its debt restructuring plan, a key to Sri Lanka securing a $2.9 billion bailout package from the International Monetary Fund (IMF), but it still requires support from its biggest bilateral lender, China. Indian External Affairs Minister Subrahmanyam Jaishankar said Friday that India will extend financing assurances to the […]
WASHINGTON—The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now a “clear and present danger” for many countries. The war is expected to further increase inflation, the IMF said in its latest World Economic Outlook, […]
The International Monetary Fund (IMF) has slashed its growth forecast for the United States by one full percentage point, blaming supply chain disruptions and weaker consumption, while warning of growing economic risks to the world economy.
The International Monetary Fund (IMF) is giving world governments more money to spend, $650 billion, through its largest ever allocation of special drawing rights. Special Drawing Rights (SDRs) are an asset created by the IMF that holders can swap for real currency and spend as they please. It could lead countries to print new money […]
BEIRUT—Lebanon’s Prime Minister-designate Saad Hariri stepped down Thursday, citing “key differences” with the president after nine months of political wrangling that failed to put together a government for the crisis-ridden country. The development is likely to plunge Lebanon further into chaos and uncertainty amid an unprecedented economic breakdown—and also dim prospects for a recovery package […]
WASHINGTON—Through its Belt and Road Initiative (BRI), China has poured billions of dollars in loans into low-income countries to help build their massive infrastructure projects. And now with the COVID-19 pandemic, concern about a looming debt crisis has increased in developing nations, as most of them are already bent under massive Chinese debt. Launched in 2013, […]
Ivanka Trump attended a W20 Summit (also known as G20 women’s summit) on April 25 in Berlin. She discussed support for women entrepreneurs. Joining her were German Chancellor Angela Merkel and International Monetary Fund head Christine Lagarde. The motto of this year’s summit is, “Inspiring women: scaling up women’s entrepreneurship.” Ivanka will take part in […]
WASHINGTON (AP)—Global finance leaders sought to avoid conflict with the Trump administration over trade and environmental policy and welcomed signs the world economy is pulling out of the doldrums. The International Monetary Fund dropped a sharp condemnation of trade protectionism and references to climate change from a statement at the close of its spring meetings […]
The titans of finance gathered together for a family photo. The 189 members of the World Bank and the International Monetary Fund met in Washington, D.C., for a group photo and some financial discussions on Friday, April 17. The two groups have been in town since April 17. The meetings have featured seminars on a […]
The International Monetary Fund (IMF) Managing Director Christine Lagarde said on Monday, April 10, that the global economy will have a more favorable outlook in 2017 and 2018 than in 2016. Despite the positive forecast, the IMF issued concerns for low productivity and excessive inequalities. In the Berlin meeting with chiefs of leading global economic […]
The spokesman of the main opposition New Democracy party in Greece, Vassilis Kikilias, met with Greek Public Order Minister Nikos Toskas on Friday, (March 17) after his name was listed on the return address of an envelope, which exploded at the European offices of the International Monetary Fund (IMF) in Paris a day earlier. Toskas […]
A letter exploded when it was opened at the offices in central Paris of the International Monetary Fund (IMF) on Thursday (March 16) and one person was slightly injured, police sources said. The Paris police department said on Twitter an operation was ongoing at the offices of the IMF and World Bank after a person […]
