IMF chief called out over pressure to favor China while at World Bank
Sept. 17, 2021 World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied “undue pressure” on staff to boost China’s ranking in the bank’s “Doing Business 2018” report, according to an…
COVID-19: International Organizations, Vaccine Manufacturers Agree to Intensify Cooperation to Deliver Vaccines
Sept. 17, 2021 The heads of the International Monetary Fund (IMF), World Bank Group, World Health Organization (WHO) and World Trade Organization (WTO) met with the CEOs of leading vaccine…
IMF’s $650 bln reserves distribution a boost for global economy- Georgieva
Aug. 24, 2021 The IMF will distribute about $650 billion in new Special Drawing Rights to its members on Monday, providing a “significant shot in the arm” for global efforts…
IMF blocks Afghanistan’s access to SDR reserves over lack of clarity on government
Aug 19, 2021 The International Monetary Fund said on Wednesday it suspended Afghanistan’s access to IMF resources, including around $440 million in new monetary reserves, due to a lack of…
How to attract private finance to Africa’s development – By World Bank
Aug. 17, 2021 African economies are at a pivotal juncture. The COVID-19 pandemic has brought economic activity to a standstill. Africa’s hard-won economic gains of the last two decades, critical…
IMF cautions against use of cryptocurrencies as legal tender
July 29, 2021 The International Monetary Fund, IMF, has expressed its reservations in ranting cryptoassets legal tender status, as being considered by some countries. IMF noted that new digital forms…
IMF lifts forecasts for rich nations, dims view for developing world
July 27, 2021 The International Monetary Fund (IMF) Tuesday maintained its 6% global growth forecast for 2021, upgrading its outlook for the world’s wealthy countries, particularly the United States, but…
IMF urges countries to shift from economic rescue to reforms
July 21, 2021 The International Monetary Fund’s No. 2 official on Tuesday called on countries to pivot from saving their economies from collapse to reviving growth-oriented policy reforms to boost…
Rich nations should put $30 bln of IMF cash towards Africa investments – African ministers
July 9, 2021 Rich countries should reallocate at least $30 billion of new money from the International Monetary Fund, IMF, towards investments in Africa to help countries battling the effects…
COVID waves: IMF says vaccine manufacturers should shift supplies to Africa
June 19, 2021 COVID-19 infections in Africa will likely exceed previous peaks within days, underscoring the urgent need to accelerate vaccine supplies and financing to region, International Monetary Fund Managing…