https://www.scmp.com/rss/523783/feed The latest news and top stories on Kristalina Georgieva, managing director of the IMF. She is known for her career in international finance and development, leading the IMF’s response to global shocks. Previously, she was CEO of the World Bank, securing a $13 billion capital increase. Her background includes roles at the European Commission. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Reuters Reuters Twenty-seven countries have moved since the Iran war started to put in place crisis instruments that could quickly access funding from existing World Bank programmes, according to an internal document viewed by Reuters. The World Bank document did not name the ‌countries or the total amount of funds potentially being sought. The World Bank declined to comment. The document showed that three countries had approved new instruments since the Middle East conflict began on February 28, while the... https://www.scmp.com/news/world/article/3354599/27-countries-seek-access-world-bank-funds-iran-war?utm_source=rss_feed https://www.scmp.com/news/world/article/3354599/27-countries-seek-access-world-bank-funds-iran-war?utm_source=rss_feed Sat, 23 May 2026 01:35:01 +0000 Reuters Reuters The International Monetary Fund and ⁠the World Bank said on ⁠Thursday they had resumed dealings with Venezuela, which had been paused since 2019. The move paves the way for a full IMF assessment of Venezuela’s economy for the first time in some 20 years and could eventually unlock billions of dollars in ‌funding via frozen special drawing rights. IMF Managing Director Kristalina Georgieva said in a statement that the Fund, guided by the views of a majority of its members, was now dealing with... https://www.scmp.com/news/world/americas/article/3350384/imf-says-it-restoring-relations-venezuela?utm_source=rss_feed https://www.scmp.com/news/world/americas/article/3350384/imf-says-it-restoring-relations-venezuela?utm_source=rss_feed Thu, 16 Apr 2026 23:50:14 +0000 Associated Press Associated Press The gap between rich and poor nations is growing even wider as actions agreed to by many countries last year, including overhauling the major global financial institutions, remain unfulfilled promises, a UN report has concluded. The report assessing the blueprint adopted in Seville, Spain, last June to narrow the gap and achieve UN development goals for 2030 was issued ahead of next week’s spring meetings in Washington of the International Monetary Fund and the World Bank, the main global... https://www.scmp.com/news/world/article/3349731/global-wealth-gap-grows-aid-worlds-poorest-sees-record-drop?utm_source=rss_feed https://www.scmp.com/news/world/article/3349731/global-wealth-gap-grows-aid-worlds-poorest-sees-record-drop?utm_source=rss_feed Sat, 11 Apr 2026 05:34:12 +0000 Carol Yang Carol Yang China’s economy is projected to grow by 5 per cent in 2025 before slowing to 4.5 per cent in 2026, the International Monetary Fund said on Wednesday, offering a slightly more upbeat outlook underscoring its view of the country’s resilience despite persistent trade frictions. The annual assessment released on Wednesday showed an upwards revision of 0.2 and 0.3 percentage points from the IMF’s October forecast, as the world’s second-largest economy rolled out stimulus measures and faced... https://www.scmp.com/economy/china-economy/article/3335880/chinas-2025-growth-forecast-raised-5-imf-citing-resilience?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3335880/chinas-2025-growth-forecast-raised-5-imf-citing-resilience?utm_source=rss_feed Wed, 10 Dec 2025 07:32:46 +0000 Frank Chen Frank Chen Huang Yiping is the dean of Peking University’s National School of Development and a member of the Monetary Policy Committee of the People’s Bank of China, the country’s central bank. He also sits on the Hong Kong stock exchange’s Mainland China Advisory Group. In his second Open Questions interview, Huang shares his thoughts on the need for caution in adopting new technologies like stablecoins and artificial intelligence, China’s next five-year plan and whether its tariff ceasefire with the US... https://www.scmp.com/economy/china-economy/article/3335355/economist-huang-yiping-why-chinas-ai-push-must-be-job-oriented?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3335355/economist-huang-yiping-why-chinas-ai-push-must-be-job-oriented?utm_source=rss_feed Sun, 07 Dec 2025 22:00:31 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow China knocked back Japanese Prime Minister Sanae Takaichi’s efforts to defuse a row over Taiwan, reigniting a simmering dispute that has hit trade and diplomatic ties between the two Asian nations. “Now that Prime Minister Takaichi claims that the Japanese government’s basic position regarding Taiwan remains as stated in the 1972 Sino-Japanese joint statement, can she accurately and fully articulate what was stated in the joint statement?” Chinese Foreign Ministry spokesman Lin Jian said at a... https://www.scmp.com/plus/article/3335323/beijing-rebuffs-takaichi-macron-xi-talks-key-economic-meeting?utm_source=rss_feed https://www.scmp.com/plus/article/3335323/beijing-rebuffs-takaichi-macron-xi-talks-key-economic-meeting?utm_source=rss_feed Fri, 05 Dec 2025 09:01:16 +0000 Connor Mycroft Connor Mycroft Hong Kong will continue to uphold the rules-based multilateral trading system in the face of global economic uncertainty, the city’s chief executive has pledged at an Apec gathering in South Korea, as he encouraged the leaders of Singapore and the United Arab Emirates to invest in major local projects. City leader John Lee Ka-chiu also pitched Hong Kong’s strengths to officials from around the world on Friday, meeting the managing director of the International Monetary Fund (IMF) and several... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3331120/hong-kong-will-uphold-global-trading-rules-john-lee-pledges-apec-gathering?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3331120/hong-kong-will-uphold-global-trading-rules-john-lee-pledges-apec-gathering?utm_source=rss_feed Fri, 31 Oct 2025 12:58:15 +0000 David Dodwell David Dodwell Back to April 2016, at the Qingfeng steamed bun restaurant in Beijing’s bustling Xicheng district, Jin Liqun lunched with the Asia editor of the Financial Times to introduce himself and China’s newly created Asian Infrastructure Investment Bank (AIIB). Beijing’s decision to establish a development bank reflected in part a deep frustration with the reluctance of the world’s leading economies to give China (and other leading developing economies) more influence in Bretton Woods institutions such... https://www.scmp.com/opinion/china-opinion/article/3317731/after-10-years-aiib-welcomes-new-leadership-and-fresh-us-challenges?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3317731/after-10-years-aiib-welcomes-new-leadership-and-fresh-us-challenges?utm_source=rss_feed Fri, 11 Jul 2025 08:30:07 +0000