1 day ago
IMF chief Kristalina Georgieva met with Malawi's President Lazarus McCarthy Chakwera on Thursday and committed to provide support to the country, as it faces economic challenges and "unsustainable" public debt.
International charity organisation, Oxfam, has cautioned International Monetary Fund (IMF) against pushing developing countries into austerity measures.
Debt accumulated by businesses and individuals worldwide could slow economic recoveries from the pandemic crisis, the IMF warned Monday.
The IMF plans to raise at least $45 billion for a new trust to help "low-income and vulnerable middle-income countries" cope with protracted challenges like pandemics and climate change, it announced Wednesday.
The International Monetary Fund (IMF) said the current invasion of Ukraine by Russia would foist untold economic hardship on the world.
2 Dec 2021
The IMF on Thursday urged advanced economies in the G20 to extend and improve its debt relief initiative, warning that many countries face a dire crisis without the help.
11 Oct 2021
The International Monetary Fund said Sunday it still had not decided whether its embattled chief would keep her job, with the lack of clarity over Kristalina Georgieva's future threatening to overshadow the body's fall meetings this week. An investigation by a law firm has concluded that the Bulgarian managing director manipulated data in favor of…
9 Oct 2021
Embattled International Monetary Fund chief Kristalina Georgieva was fighting for her professional life Saturday as the institution's Executive Board considers evidence....
17 Sep 2021
The World Bank Group on Thursday said it has discontinued the publishing of its Doing Business report after 18 years - the first edition was published in 2003. The doing business index measured regulations directly affecting the ease of doing businesses in 190 countries. World Bank said it reached the decision to discontinue the report…
3 Sep 2021
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown.
24 Aug 2021
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right (SDR) to provide liquidity to countries with foreign exchange reserves challenges.