International Monetary Fund
January 21, 2023 | Aldgra Fredly
Sri Lanka Secures India’s Support for IMF Deal, Pending China’s Approval
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 […]
April 20, 2022 | Reuters
IMF Cuts Global Growth Forecast Due to ‘Seismic Waves’ From Russia’s War in Ukraine
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, […]
October 12, 2021 | Tom Ozimek
IMF Cuts US Growth Forecast Due to Supply Chain Chaos, Weaker Spending
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.
August 25, 2021 | Paul Greaney
IMF Giving Governments More Money to Spend, Tells Countries to Spend ‘Wisely’
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 […]
July 15, 2021 | The Associated Press
Lebanon’s PM-designate Steps Down After Months of Deadlock
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 […]
July 14, 2021 | Joshua Philipp
Live Q&A: FBI Criticized Over Tweet on Reporting Family Members; China Launches New Currency War
The FBI is being criticized for a tweet saying Americans should report family members and peers for suspicious behaviors in a campaign to prevent extremism. And in other news, a new currency program through the International Monetary Fund is allegedly being used by the Chinese government in a possible bid to undermine the U.S. dollar. […]
May 24, 2020 | Emel Akan
More Countries May Fall Into China’s Debt Trap With COVID-19
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, […]
April 25, 2017 | Eugene Lyubarsky
Ivanka Trump attends W20 Summit to support female entrepreneurship
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 […]
April 23, 2017 | Chris Jasurek
Finance titans weaken warning against protectionism
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 […]