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November 27, 2021

IMF

IMF’s chief economist says inflation pressure to persist into next year

CBS News
CBS News – For more and to sign up click here IMF’s chief economist says inflation pressure to persist into next year – CBS News Watch CBSN Live IMF’s chief economist Gita Gopinath weighs in on the latest with the COVID economy. Be the first to know Get browser notifications......

U.S. Senators call for ‘full accountability’ in World Bank data controversy

Reuters
WASHINGTON, Sept 27 (Reuters) – The top Democrat and Republican on the U.S. Senate Foreign Relations Committee have urged President Joe Biden to “ensure full accountability” over a World Bank data-rigging controversy that has embroiled International Monetary Fund chief Kristalina Georgieva. The panel’s chairman, Senator Robert Menendez, a Democrat, and......

External review finds deeper rot in World Bank ‘Doing Business’ rankings

Reuters
A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo WASHINGTON, Sept 20 (Reuters) – Weeks before the World Bank scrapped its flagship Doing Business rankings following a......

External review finds deeper rot in World Bank ‘Doing Business’ rankings

Reuters
A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo WASHINGTON, Sept 20 (Reuters) – Weeks before the World Bank scrapped its flagship Doing Business rankings following a......

I.M.F. chief tells staff claims she inflated China data at World Bank are ‘not true.’

New York Times
New York Times – For more and to sign up click here WASHINGTON — In remarks to staff on Friday, Kristalina Georgieva, the managing director of the International Monetary Fund, denied allegations that she pressured staff to manipulate a report to placate China when she was a top World Bank......

The I.M.F. warns of a lopsided economic recovery but retains its 6 percent global growth forecast.

New York Times
New York Times – For more and to sign up click here The International Monetary Fund warned on Tuesday that the gap between rich and poor countries was widening amid the pandemic, with low vaccination rates in emerging economies leading to a lopsided global recovery. The I.M.F. maintained its 2021......

U.S.’s Yellen says tax changes for large firms may not be ready until 2022

Reuters
U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing to examine the FY22 budget request for the Treasury Department on Capitol Hill in Washington, DC, U.S., June 23, 2021. Greg Nash/Pool via REUTERS VENICE, July 11 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Sunday......

G20 signs off on tax crackdown, warns on virus variants

Reuters
Russian billionaire Andrey Melnichenko’s 394-foot (120-metres) mega-yacht “A” is seen berthing at a pier against the “Reflections at Keppel Bay” condominium in Singapore April 18, 2012. REUTERS/Tim Chong/ Germany’s Scholz confirms G20 backing on tax Communique warns of COVID variants threat But it contains no new measures on vaccine access......

I.M.F. Board Backs $650 Billion Aid Plan to Help Poor Countries

New York Times
VENICE, Italy — The International Monetary Fund said on Friday that its executive board approved a plan to issue $650 billion worth of reserve funds, essentially creating money that troubled countries can use to purchase vaccines, finance health care and pay down debt. The new allocation of so-called Special Drawing......

BIS, IMF call for global coordination on digital cbank currencies

Reuters
LONDON, July 9 (Reuters) – The Bank for International Settlements, the International Monetary Fund and the World Bank made a joint call on Friday for global cooperation on central bank digital currencies. Around 90% of the world’s central banks are currently looking at creating digital versions of their currencies, raising......

Sudan to cut government spending, increase social spending

Reuters
KHARTOUM, June 26 (Reuters) – Sudan will cut its government spending and increase social spending, the cabinet said on Saturday, after completing a raft of rapid economic reforms this month that threaten to compound pressures on the majority of the population. Earlier this month, Sudan fully removed subsidies on car......

Vaccines will be the ‘most important’ economic policy this year, IMF chief says

CNBC
CNBC – For more and to sign up click here LONDON — Vaccine policy will trump all other economic polices this year as the world tries to recover from the coronavirus crisis, Kristalina Georgieva, the head of the International Monetary Fund said at CNBC’s Global Evolve Summit on Wednesday. “Vaccine......

EXCLUSIVE IMF eyes new trust to provide aid to broader group of countries-Georgieva

Reuters
The International Monetary Fund is exploring creation of a new trust that could allow its members to lend their IMF reserves to more countries, including middle-income countries vulnerable to climate change, IMF chief Kristalina Georgieva said on Sunday. Georgieva said leaders of the Group of Seven rich economies had given......

Biden’s to-do list on foreign trip: Rally allies against COVID, Putin

Reuters
President Joe Biden’s meeting with leaders of the G7 leading industrial economies in an English seaside village this week will usher in a new focus on rallying U.S. allies against common adversaries – the COVID-19 pandemic, Russia and China. New COVID-19 variants and rising death tolls in some countries will......

IMF and World Bank urge G7 to release surplus vaccines

Reuters
The heads of the International Monetary Fund and World Bank on Thursday urged the Group of Seven advanced economies to release any excess COVID-19 vaccines to developing countries as soon as possible, and called on manufacturers to ramp up production. In a joint statement to the G7, IMF Managing Director......

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