Economy Apr 08

IMF policy panel endorses $650 billion increase in resources

The International Monetary Fund on Thursday authorized a $650 billion expansion of the 190-nation lending institution's resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic.

Apr 10

Economic devastation looms on a Good Friday like no other

As Christians around the world observed a Good Friday like no other, at home watching livestreams instead of at church, pressure mounted on governments to restart some industries and fend off further economic devastation from the coronavirus.

Mar 27

IMF head says global economy now in recession

IMF Managing Director Kristalina Georgieva said the 189-nation lending agency was forecasting a recovery in 2021. But she said this would only occur if nations succeed in containing the coronavirus and limiting the economic damage.

Mar 12

Iran asks for billions in loans as virus death toll climbs

Iran asked the International Monetary Fund for a $5 billion loan to fight the coronavirus, the first time since the 1979 Islamic Revolution that it has sought such assistance, in a staggering admission of how fragile its economy has become…