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International Monetary Fund (IMF)i

Latest news, features and opinion on the International Monetary Fund (IMF). The 189-nation IMF promotes global monetary cooperation, facilities trade, encourages sustainable growth and makes funds available to countries experiencing fiscal difficulties.

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  • The agreement is designed to boost cooperation in areas including trade and security, while delivering funding over the next three years to support Egypt’s economy
  • The funding is part of a push to stem migrant flows to Europe that has been criticised by rights groups, which have urged the EU not to be complicit in human rights violations in Egypt

In a self-published account of his downfall, former president Gotabaya Rajapaksa said “Chinese funded infrastructure projects brought in an element of geopolitical rivalry” that precipitated his overthrow.

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The barter deal allows sanctions-hit Iran to avoid having to use up scarce hard currency to pay for imports of popular tea. It also allowed Sri Lanka to pay with tea, as the country was short of foreign currency.

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Liu Pak-wai, an economics professor and former government adviser, says city’s 6 per cent debt-to-GDP ratio could easily go up to 10 per cent without problems.

International Monetary Fund (IMF) expects China’s economy to grow by 4.6 per cent in 2024, the Washington-based institution said as it released a review of its Article IV consultation on Friday.

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Authorities need to work together to achieve results in climate change, fintech, digital assets and cryptocurrency while being mindful of risks such as geopolitical tensions and China’s property downturn, said bankers attending the Asian Financial Forum.

Some 63 per cent of Asia-Pacific CEOs are not confident in the long-term survival of their company despite an overwhelming majority of leaders pivoting to reinvent their business models, a PwC survey showed.

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With geopolitics unlikely to thaw this year amid several periods of election campaigning, China has been encouraged to stick to a strategy of openness to withstand or mitigate the erosion of relations.

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Citing an International Monetary Fund report published on Sunday on the topic, the IMF managing director said: ‘Your job may disappear altogether – not good.’

One supports including Taipei in IMF while another directs regulators to exclude Beijing from banking organisations over threats to self-ruled island.

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IMF chief Kristalina Georgieva met with Ukrainian President Volodymyr Zelensky, who is visiting Washington to shore up support for continued US security.

‘If fragmentation deepens, we could find ourselves in a new cold war,’ International Monetary Fund’s Gita Gopinath says at the 20th World Congress of the International Economic Association.

It wasn’t the most uplifting of inaugural addresses. Rather, Argentina’s President Javier Milei laid bare the scope of the nation’s economic problems: ‘there is no money’.

Argentina has elected an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty.