The interim government’s move was seen as a bid to revive a $6 billion bailout from the International Monetary Fund.
Tag Archives: International Monetary Fund
Poor Countries Face a Mounting Catastrophe Fueled by Inflation and Debt
Russia’s war in Ukraine is combining with a global tightening of credit and an economic slowdown in China to sow misery in low- and middle-income countries.
World Economic Outlook Dims as War and Pandemic Cast a Pall
The International Monetary Fund’s new World Economic Outlook expects growth to slow to 3.6 percent this year. The group is one of many to slash their forecasts recently.
The World Bank slashes its forecast for global economic growth.
Yellen Says Aim Is ‘Maximum Pain’ for Russia Without Hurting US
The Treasury secretary, testifying before a House committee, said the U.S. would continue finding ways to punish Russia for its invasion of Ukraine.
Mideast Feels the Pinch of Rising Food Prices as Ramadan Nears
Russia’s war on Ukraine has driven up the prices of staple foods and energy across the Middle East and North Africa ahead of the Muslim holy month of daytime fasting and nighttime feasting.
U.S. and Allies Will Strip Russia of Favored Trade Status
The Biden administration said it would join Europe and other allies in stripping Russia of permanent normal trade relations, another step to inflict economic damage on the country over its invasion of Ukraine.
I.M.F. Forecasts U.S. and China Slowdowns Will Hold Back Growth
The International Monetary Fund forecasts that the growth rate of the world economy will slow to 4.4 percent in 2022.
China’s Economy Slowed Late Last Year on Real Estate Troubles
Economic output climbed 4 percent in the last quarter, slowing from the July through September quarter. Growth has faltered lately as home buyers and consumers become cautious.
Critics Say I.M.F. Loan Fees Are Hurting Nations in Desperate Need
Democratic lawmakers say the global fund’s surcharges for emergency relief siphon away money that countries need to fight the pandemic.
Inflation Batters Pakistan and Puts Pressure on Imran Khan
Rising prices and a weakened currency are straining households, intensifying pressure on Prime Minister Imran Khan to find solutions.
Rich Countries’ Climate Change Responsibility
What it will take: $100 billion from well-off nations.
I.M.F. Lowers Its Global Economic Growth Forecast
The global growth forecast was pared to 5.9 percent from 6 percent because of the Delta variant and supply chain bottlenecks. The U.S. growth prediction was cut to 6 percent from 7 percent.
World’s Growth Cools and the Rich-Poor Divide Widens
The International Monetary Fund says the persistence of the coronavirus and global supply chain crisis weighs on economies.
I.M.F.’s Executive Board Says Kristalina Georgieva Can Remain
An independent inquiry commissioned by the World Bank had concluded that she played a central role in manipulating data to placate China.
Clear Differences Remain Between France and U.S., French Minister Says
Finance Minister Bruno Le Maire says the two countries remain at odds over China and various security issues, even if they had effectively cooperated on overhauling the international tax system.
Debate Looms Over I.M.F.: Should It Do More Than Put Out Fires?
As the International Monetary Fund gets set for its annual meeting, economists ask if it’s time to update its mandate as the world’s financial crisis responder.
Booster Shots for Covid Leave Africa Hanging in Wind
Just 20 percent of people in low- and lower-middle-income countries have received a first Covid-19 vaccine dose — compared to 80 percent in high-and upper-middle income countries.
Shifting to Governing, Taliban Will Name Supreme Afghan Leader
Facing immense challenges in a devastated country, and a hard transition from war to administration, the Islamist movement is preparing to name a new, theocratic government.
Afghanistan Faces Economic Shock as Sanctions Replace Foreign Aid
The Taliban will be under pressure to keep a fragile economy afloat.
I.M.F. Will Block Afghanistan From Getting Reserve Funds
The International Monetary Fund, which was set to release the funds next week, cited the “lack of clarity” over recognition of the Taliban as the country’s legitimate government.
I.M.F. Board Backs $650 Billion Aid Plan to Help Poor Countries
The expansion of emergency reserves to fund vaccines and pay down debt has emerged as a political flash point in the United States.
I.M.F. Presents Plan to Help Poor Countries During Pandemic
A proposal advanced by the International Monetary Fund aims to supply the developing world with extra money to buy vaccines, pay down debt and expand relief programs.
How Biden Can Help Vaccinate the World
Here’s a way for Biden to assert United States leadership to benefit the world and safeguard the American economy.
Biden’s Climate Summit Won’t Save the World
There is only one way for the Biden administration to make good on its emissions commitments.
‘We Were Left With Nothing.’ Argentina’s Misery Deepens in the Pandemic.
The economy contracted by nearly 10 percent last year, and the country faces a reckoning with the I.M.F. over $45 billion in debts.
Trump’s Corporate Tax Cut Was a Flop
The abject failure surprised even the critics.
As U.S. Prospects Brighten, Fed’s Powell Sees Risk in Global Vaccination Pace
Some countries are lagging behind in vaccinations, and policymakers warned that no economy is secure until the world is safe from coronavirus variants.
How Debt and Climate Change Pose a ‘Systemic Risk to the Global Economy’
With dozens of countries struggling to manage both staggering debt and mounting climate disasters, some financial leaders are debating green debt relief.
For the World Economy, a Grim Slog Tempered by New Hopes
The emergence of vaccines has taken the edge off the worst fears, but a meaningful economic recovery probably remains distant.
How the Wealthy World Has Failed Poor Countries During the Pandemic
Despite pledges for debt relief and expanded programs, the World Bank and International Monetary Fund have delivered meager aid, say economists.
Europe Risks a New Economic Downturn as Lockdowns Return
Record quarterly growth inspires little joy as the threat of a double-dip recession looms.
Iran’s Covid-19 Death Toll Is Rising. Show Mercy, Mr. Trump.
U.S. efforts to cut Iran off from the rest of the world in the midst of the pandemic are cruel. So is Iran’s refusal to release political prisoners.
View From the I.M.F. — In a Crisis Like No Other, Gender Still Counts
“The economics of gender equality is a book already written,” said Kristalina Georgieva, the managing director of the International Monetary Fund.
Macron Urges World Leaders to Speed Aid to Lebanon After Explosions
The vow to accelerate help, made during a video call with other heads of state, comes amid furious demonstrations in Beirut against the Lebanese government.
In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test
BlackRock, the world’s largest asset management company, is opposing a debt settlement deal with Argentina as the country grapples with soaring poverty and the pandemic.
China Doesn’t Want a New World Order. It Wants This One.
Why would China go to the trouble of capsizing the global order when it can simply take it over?
Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen’
Dozens of countries that borrowed from private investors have debt payments coming due as their economies have crashed because of the coronavirus.
Lives Depend on Argentina’s Debt Talks
Governments won’t be able to contain the pandemic if they are forced to use scarce foreign currency to make unsustainable debt payments.
Argentina Teeters on Default, Again, as Pandemic Guts Economy
Even before the coronavirus deepened Argentina’s recession, the country was on track to default on $66 billion in debt.
In Lebanon, a Pandemic of Hunger
Anger over a failing economy and unaffordable food has pushed protesters into the streets despite the coronavirus.
Millions Had Risen Out of Poverty. Coronavirus Is Pulling Them Back.
Experts say that for the first time since 1998, global poverty will increase. At least a half a billion people could slip into destitution by the end of the year.
To Fight Coronavirus, Poor Nations Need Their Debt Canceled
Delaying the repayments to the Group of 20 is not enough.
Covid-19 Threatens Global Safety Net
Developing nations will need help with the economic and public health disruptions from coronavirus. But institutions designed to help are being hobbled.
The World Has a $2.5 Trillion Problem. Here’s How to Solve It.
Poor countries are going to be decimated by the coronavirus. They need a serious rescue package.
The Global Coronavirus Crisis Is Poised to Get Much, Much Worse
What happens when the pandemic strikes nations of millions of people that have only a half-dozen ventilators?
Iran, Devastated by Coronavirus, Says U.S. Sanctions Are Taking Lives
Iran, devastated by the coronavirus, is asking the U.S. to lift sanctions on humanitarian grounds. U.S. officials say sanctions aren’t to blame; Iran is.
Oil Prices Crash, Virus Hits, Commerce Stops: Iraq Is in Trouble.
Iraq depends on oil revenues, which have plummeted. The country is so desperate it is asking for donations to help it weather the pandemic.