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IMF chief says Biden-Xi engagement an important signal for world to cooperate
1 year, 1 month ago

IMF chief says Biden-Xi engagement an important signal for world to cooperate

Firstpost  

The Biden-Xi meeting is ‘important at a time when geo-economic fragmentation has indeed deepened with negative consequences for the prospects for accelerating growth,’ IMF Managing Director Kristalina Georgieva said International Monetary Fund Managing Director Kristalina Georgieva said on Friday this week’s meeting between US President Joe Biden and Chinese President Xi Jinping is a badly needed signal that the world …

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IMF, World Bank hold first meetings in Africa in 50 years
1 year, 2 months ago

IMF, World Bank hold first meetings in Africa in 50 years

The Hindu  

The IMF and World Bank began talks in Morocco Monday in their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change. The International Monetary Fund and World Bank traditionally hold their annual gathering of finance ministers and central bank governors outside their Washington headquarters every …

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Pakistan’s premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default
1 year, 6 months ago

Pakistan’s premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default

Associated Press  

ISLAMABAD — Pakistan’s premier Shahbaz Sharif met Thursday with the head of the International Monetary Fund on the sidelines of a global financing meeting in Paris, hoping to unlock a $6 billion bailout and gain the release of a critical tranche of $1.1 billion in loans which has been on hold since November. The meeting between Sharif and IMF’s Managing …

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Amid Pakistan crisis, IMF says China must change its debt policy
1 year, 10 months ago

Amid Pakistan crisis, IMF says China must change its debt policy

Live Mint  

International Monetary Fund Managing Director Kristalina Georgieva, in an interview with CBS's 60 Minutes on February 5, stated that China's finance minister and Central bank governor would participate in a roundtable with other creditors and other borrowing countries in February in India. About a quarter of China's GDP comes from the real estate sector, which has slowed the country's economic …

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COP27: Getting back to Net Zero; International Monetary Fund lists three key priorities for climate mitigation
2 years, 1 month ago

COP27: Getting back to Net Zero; International Monetary Fund lists three key priorities for climate mitigation

Firstpost  

This year’s COP27 summit will be even more crucial in the backdrop of several extreme weather events – typhoons in Bangladesh, unprecedented floods in Pakistan, heatwaves in Europe, wildfires in North America, dry rivers in China, and droughts in Africa New Delhi: The 27th session of the Conference of the Parties of the UNFCCC or COP27 will be held at …

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India urges IMF to urgently provide financial aid to Sri Lanka
2 years, 8 months ago

India urges IMF to urgently provide financial aid to Sri Lanka

Hindustan Times  

NEW DELHI: India on Tuesday urged the International Monetary Fund to urgently provide financial assistance to Sri Lanka to help the island nation cope with its worst economic crisis in decades, according to an official statement. Sitharaman “indicated that IMF should support and urgently provide financial assistance to Sri Lanka”, and Georgieva assured her that “the IMF would continue to …

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Gita Gopinath to become IMF's first deputy managing director early in 2022
3 years ago

Gita Gopinath to become IMF's first deputy managing director early in 2022

India TV News  

Highlights The chief economist of IMF, is being promoted as First Dy MD, the fund announced on Thursday She would replace Geoffrey Okamoto who plans to leave the Fund early next year Georgieva said Gopinath’s contribution to the Fund's work has already been exceptional Indian-American Gita Gopinath, the chief economist of International Monetary Fund, is being promoted as IMF’s First …

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Leaders agree in Paris on helping African economies revive
3 years, 7 months ago

Leaders agree in Paris on helping African economies revive

Associated Press  

PARIS — More than 20 African heads of state and top officials from European governments, the European Union and the International Monetary Fund agreed Tuesday to seek an additional $100 billion for reviving Africa’s economies crippled by the COVID-19 pandemic. Participants also agreed Africa should be able to “massively” produce vaccines on the continent for its own population, notably via …

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