Tag Archives: IMF

Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia) Wednesday, December 13, 2023 Inter Press Service KUALA LUMPUR, Malaysia, Dec 13 (IPS) – With the US Fed raising interest rates, the world economy is slowing as debt distress spreads across the global South, increasing poverty worldwide to pre-pandemic levels, with the poorest …

China’s declining growth is set to affect Nigeria’s economy, the International Monetary Fund has revealed.   IMF stated that because China has forged deep economic ties with countries in sub-Saharan Africa over the past 20 years, its recent declining growth may affect growth in Nigeria by 0.5 percentage points on …

The International Monetary Fund (IMF) announced on Saturday, October 14 that member nations have agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meeting in Africa since 1973. During talks by the IMF and World Bank …

The International Monetary Fund has reduced Nigeria’s growth projection from 3.3 percent to 2.9 percent for 2023 and 3.1 for 2024 respectively.    This was conveyed in the World Economic Outlook released at the Annual Meeting of the IMF/World in Marrakesh, Morocco earlier today.   The growth projection was reduced …

The International Monetary Fund (IMF) has announced that the United States and China account for half of the world’s total indebtedness of $235 trillion, with both countries owing $117.5 trillion.   In its global debt update, titled: Global Debt Is Returning to its Rising Trend, the global monetary fund on …

IMF wants Cairo to privatise state assets and allow flexibility in its currency, Bloomberg report says. The International Monetary Fund wants Egypt to enact more of the reforms that Cairo has committed to before it conducts the first review of the country’s $3bn rescue package, Bloomberg News has reported. The …

Fragmentation of the global economy into rival trading blocs runs the risk of prompting a new cold war, the head of the International Monetary Fund has said. Kristalina Georgieva, the IMF’s managing director, said a combination of the Covid pandemic, the war in Ukraine and shortcomings with globalisation had led …

Sri Lanka’s president has said that the International Monetary Fund (IMF) has approved its request for a $2.9bn bailout and the country’s presidency said the programme will enable it to access up to $7bn in overall funding. The IMF’s board confirmed it has signed off on the loan, which clears …

Kristalina Georgieva told UK’s finance minister and central bank chief that their policies should not be contradictory. International Monetary Fund Managing Director Kristalina Georgieva has rebuked the United Kingdom over its planned tax cuts, telling its finance minister and central bank chief that their policies should not be contradictory. Her …

Soaring inflation. Squabbles over fuel prices. A fractious political environment. For months, Pakistan has struggled to keep its economy afloat, raising the prospect that one of the world’s most populous nations could soon follow Sri Lanka in a wave of potential global defaults. Investors are getting nervous. Without a bailout …