Nov 29 IMF director urges targeted COVID approach in China to ease global economic impact By David McHugh, Associated Press IMF Managing Director Kristalina Georgieva urged a “recalibration” of China's tough “zero-COVID" approach aimed at isolating every case “exactly because of the impact it has on both people and on the economy… Continue reading
Oct 06 Global economy ‘likely to get worse before it gets better’ warns IMF By Fatima Hussein, Associated Press The International Monetary Fund is once again lowering its projections for global economic growth in 2023. Continue reading
Jan 28 IMF urges El Salvador to scale back its push for Bitcoin as legal tender By Claudia Torrens, Associated Press The International Monetary Fund says that El Salvador should dissolve the $150 million trust fund it created when it made the cryptocurrency Bitcoin legal tender and return any of those unused funds to its treasury. Continue reading
Jan 25 IMF projects slower growth for world economy as inflation rises By Paul Wiseman, Associated Press The International Monetary Fund is downgrading its forecast for the world economy this year. Continue reading
Jun 30 IMF and World Bank say Sudan meets initial debt relief criteria By Samy Magdy, Associated Press The World Bank and the International Monetary Fund have announced that Sudan has met the initial criteria for over $50 billion in foreign debt relief. Continue reading
Apr 08 IMF policy panel endorses $650 billion increase in resources By Martin Crutsinger, Associated Press 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. Continue reading
Apr 06 IMF upgrades forecast for 2021 global growth to a record 6 percent By Paul Wiseman, Associated Press The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast. Continue reading
Oct 13 IMF envisions a sharp 4.4 percent drop in global growth for 2020 By Martin Crutsinger, Associated Press The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly a century. Continue reading
Jun 24 IMF downgrades outlook for global economy in face of virus By Martin Crutsinger, Associated Press The IMF predicts that the global economy will shrink 4.9% this year, significantly worse than the 3% drop it had estimated in its previous report in April. Continue reading
May 04 Hezbollah backs Lebanese government’s efforts to get financial help from IMF, but urges caution By Associated Press The leader of Lebanon's Hezbollah has thrown his support behind the Lebanese government seeking financial assistance from the International Monetary Fund but said it should negotiate the conditions cautiously. Continue reading