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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.
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.
The new government will have to immediately start talks with the IMF for the next agreement to shore up the country’s economy.
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.
A weak coalition led by ex-PM Shehbaz Sharif and the military’s preferred parties is also what the country’s establishment wished for.
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.
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.
The self-proclaimed ‘anarcho-capitalist’ president is making hist first overseas tour, even as he battles a major economic crisis at home.
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.
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.
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.
Freeze comes as new Argentine President Javier Milei, who campaigned on breaking ties with China, faces financial challenges.
Policymakers in Kyiv are trying to work out how they can fund Ukraine’s war effort if its allies fail to come through with promised aid.
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’.
Far-right former TV pundit campaigned on severing relations with Beijing, but he won with backing from ex-president who warned against doing so.
Kremlin spokesman Dmitry Peskov said the nation was on the brink of collapse after unprecedented sanctions following Russia’s invasion of Ukraine last year.
Argentina has elected an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty.
To hold the president and the other officials criminally responsible, criminal cases have to be filed and proof of criminal actions are required.
IMF managing director Kristalina Georgieva says CBDCs can replace cash and improve financial inclusion in places where few hold bank accounts.