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
Apr 10 Economic devastation looms on a Good Friday like no other By Aritz Parra, Elena Becatoros, Associated Press 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. Continue reading
Mar 27 IMF head says global economy now in recession By Martin Crutsinger, Associated Press 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. Continue reading
Mar 12 Iran asks for billions in loans as virus death toll climbs By Nasser Karimi, Aya Batrawy, Associated Press 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… Continue reading
Mar 05 Watch 11:05 How the IMF is trying to reduce the economic fallout of novel coronavirus Restrictions intended to control the global outbreak of novel coronavirus continue to increase. In many countries, schools are closed, travelers face quarantine and business has ground to a halt. William Brangham reports and Judy Woodruff talks to Kristalina Georgieva, managing… Continue watching
Oct 15 IMF downgrades world's economic outlook, citing trade wars By Martin Crutsinger, Associated Press The International Monetary Fund predicts that growth this year will be the weakest since the 2008 financial crisis. Continue reading