IMF Managing Director Kristalina Georgieva addresses the G20 Finance Ministers Meeting in Nusa Dua on the Indonesian resort island of Bali, July 15, 2022/CFP International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the "exceptionally uncertain" … Continue reading Global economic outlook exceptionally uncertain – IMF Chief
Prime Minister Shehbaz Sharif said on Thursday that the International Monetary Fund (IMF) did not trust Pakistan because the previous government had gone back on its agreement with the institution. Addressing a meeting of his party's senators in Islamabad, the prime minister said the PTI-led government should not have agreed to the terms of the … Continue reading Saudi Arabia must be ‘laughing at us’ – Pakistan PM
Digital currencies have been surging in popularity over the last few years as cryptocurrencies like Bitcoin have entered the mainstream and captured millions of people’s imagination. Photo by David McBee on Pexels.com This rise has also turned the heads of the world’s central banks as fears grow that domestic currencies could be undermined by their … Continue reading CBDCs: Which countries are using digital currency?
The International Monetary Fund (IMF) has urged El Salvador to reverse its decision to make Bitcoin legal tender. Photo by David McBee on Pexels.com In September, El Salvador became the first country to allow consumers to use the cryptocurrency in all transactions, alongside the US dollar. The decision led to large-scale protests over fears it … Continue reading Will El Salvador heed IMF advice and remove Bitcoin as legal tender?
The International Monetary Fund (IMF) will request additional details of the ongoing probe into the activities of the organization's Managing Director Kristalina Georgieva when she was the World Bank's CEO. "The Executive Board remains committed to a thorough, objective, and timely review. While the Board has made significant progress in its assessment, it agreed at … Continue reading IMF to probe World Bank report on China
U.S. Treasury Secretary Steven Mnuchin on Wednesday urged the International Monetary Fund and World Bank to work judiciously within their existing resources to fight the coronavirus pandemic and urged G20 countries to endorse a proposed debt restructuring framework. In a statement to the two institutions' steering committees, Mnuchin said they needed to continue to provide … Continue reading Mnuchin tells the IMF to reduce investment on COVID-19
The global economy is in a synchronized slowdown and we are, once again, downgrading growth for 2019 to 3 percent, its slowest pace since the global financial crisis. Growth continues to be weakened by rising trade barriers and increasing geopolitical tensions. We estimate that the US-China trade tensions will cumulatively reduce the level of global GDP … Continue reading The need for multilateralism in global business
The paper, titled ‘A Governance Dividend for Sub-Saharan Africa?’ stated that countries in the region tended to lag behind those in most other regions in the world in terms of governance and corruption. Eighty per cent of sub-Saharan African countries (36 out of 45) score below the global average in the Transparency International Corruption Perceptions … Continue reading Corruption, a major obstacle to economic growth in Africa
The World Bank and the International Monetary Fund (IMF) were set up during the end of the Second World War (WWII) to rebuild the economies of Europe. However, in order for the World Bank and IMF to implement their policies, they global financial institutions began offering loans to poor countries but only if the … Continue reading How the IMF and World Bank destroyed Africa
Data credibility has been a problem since Greece applied to join the European Union in 1999. It is also a fact that most researchers, when citing the origins of the Greek financial crisis, use fabricated statistical data provided by the government. This was evident in the widely criticized deal between Goldman Sachs and the … Continue reading An assessment of the Greek Financial Crisis
The Liberian government has requested the assistance of the United States Treasury Department, the Federal Bureau of Investigation and the International Monetary Fund to help probe the inflow of money into the country since 2016. Image shows George Weah, the Liberian president who has been in office since 2018 "The government notes that the … Continue reading FBI interested in looted funds from Liberia
The Greece Financial Crisis Abstract This paper presents a thorough analysis of the Greek debt crisis, starting with the chosen structure, methods applied for academic analysis, and a comprehensive discussion on the causal factors. A combination of both quantitative and qualitative sources will be employed for this discourse, with concentration on the period … Continue reading An essay on the Greek Financial Crisis