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Risk of hunger, poverty higher due to slow economic growth: IMF
1 year, 8 months ago

Risk of hunger, poverty higher due to slow economic growth: IMF

Al Jazeera  

IMF head said persistently high interest rates, a series of bank failures in the US and Europe, and deepening geopolitical divisions are threatening global financial stability. Kristalina Georgieva said on Thursday that growth is expected to remain about 3 percent for the next five years, calling it “our lowest medium-term growth forecast since 1990”, adding that it would be a …

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IMF flags debt disagreements, says banning crypto should not be off table
1 year, 10 months ago

IMF flags debt disagreements, says banning crypto should not be off table

Deccan Chronicle  

BENGALURU: There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option. India's G20 presidency comes at a time when its South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due …

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Crypto Regulation: Nirmala Sitharaman Urges IMF To Develop Globally Coordinated Approach
1 year, 10 months ago

Crypto Regulation: Nirmala Sitharaman Urges IMF To Develop Globally Coordinated Approach

ABP News  

Finance Minister Nirmala Sitharaman on Thursday held a discussion with IMF managing director Kristalina Georgieva and urged the multi-lateral funding agency to develop a globally coordinated approach to the regulation of crypto assets.The Finance Minister held a virtual conversation with the International Monetary Fund MD to discuss the upcoming G20 Finance Ministers and Central Bank Governors meeting, scheduled to be …

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IMF Chief Urges 'Targeted Approach' To COVID Policy in China
2 years ago

IMF Chief Urges 'Targeted Approach' To COVID Policy in China

News 18  

It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund said days after widespread protests broke out, a change that would ease the impact to a world economy already struggling with high inflation, an energy crisis and disrupted food supply. IMF Managing Director Kristalina …

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IMF warns of higher recession risk and darker global outlook
2 years, 2 months ago

IMF warns of higher recession risk and darker global outlook

The Hindu  

Two principal economists painted very different pictures on Thursday of what the global economy will look like in the coming years. “The risks of recession are rising,” she said, calling the current economic environment a “period of historic fragility.” Meanwhile, U.S. Treasury Secretary Janet Yellen, on the other side of town at the Center for Global Development, focused on how …

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IMF warns of higher recession risk and darker global outlook
2 years, 2 months ago

IMF warns of higher recession risk and darker global outlook

Associated Press  

WASHINGTON — Two principal economists painted very different pictures Thursday of what the global economy will look like in the coming years. “The risks of recession are rising,” she said, calling the current economic environment a “period of historic fragility.” Meanwhile, U.S. Treasury Secretary Janet Yellen, on the other side of town at the Center for Global Development, focused on …

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