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May 5, 2021

International Monetary Fund

How climate change could be a risk to your savings

CNBC
CNBC – For more and to sign up click here Local firefighters Richard LeBlanc and Richard Devlin respond to a house fire in the aftermath of Hurricane Delta in Lafayette, Louisiana, October 11, 2020. Adrees Latif | Reuters LONDON — Climate change is increasingly influencing investment decisions, but it also......

IMF says Japan’s economy can weather change of plan in Olympics

Reuters
TOKYO (Reuters) -Cancelling or postponing the Tokyo Olympics Games probably will not hurt Japan’s economy much, but may require the government to offer targeted support for hard-hit small firms, a senior International Monetary Fund official said. FILE PHOTO: The giant Olympic rings are silhouetted in the sunset, amid the coronavirus......

World Bank, Gavi urge countries with excess COVID-19 vaccines to release them

Reuters
WASHINGTON (Reuters) – World Bank President David Malpass and José Manuel Barroso, chair of the Gavi vaccine alliance, on Monday discussed the importance of countries with excess COVID-19 vaccine supplies releasing them as soon as possible, the World Bank said. Malpass expressed his desire to work closely with Gavi on......

IMF hikes growth forecast for the Middle East, says recovery will be ‘divergent’

CNBC
CNBC – For more and to sign up click here Shoppers wearing protective masks walk near the Dubai Mall and the Burj Khalifa skyscraper in Dubai, United Arab Emirates, on Wednesday, Jan. 27, 2021. Christopher Pike | Bloomberg | Getty Images The International Monetary Fund has revised its growth forecast......

China repeats call to resist ‘vaccine nationalism’, pledges to keep monetary support

Reuters
TOKYO (Reuters) – China urged the international community to resist “vaccine nationalism” and to coordinate policy to make vaccines accessible for developing countries in order to contain the pandemic and for the sake of the global economy. FILE PHOTO: A woman holds a small bottle labeled with a “Coronavirus COVID-19......

IMF warns that debt overhang and financial vulnerabilities pose double threat to economic recovery

CNBC
CNBC – For more and to sign up click here LONDON — Policymakers and central banks need to be “very selective” with stimulus measures to avoid endangering global economic growth over the medium term, according to a top official at the International Monetary Fund, with a debt overhang and financial......

Exclusive: World Bank, IMF eye ways to link debt relief to climate change spending

Reuters
WASHINGTON (Reuters) – The World Bank and the International Monetary Fund are planning to launch a platform to advise poor countries on funding climate and conservation activities, amid a broader push that could link such spending to debt relief, according to a draft document seen by Reuters. FILE PHOTO: International......

World Bank’s Malpass says slow COVID-19 vaccine rollout in Europe is concerning

Reuters
FILE PHOTO: World Bank President David Malpass responds to a question from a reporter during an opening press conference at the IMF and World Bank’s 2019 Annual Fall Meetings of finance ministers and bank governors, in Washington, U.S., October 17, 2019. REUTERS/Mike Theiler//File Photo WASHINGTON (Reuters) – World Bank President......

Argentina benefiting from higher world food prices – IMF economist

Reuters
WASHINGTON, April 6 (Reuters) – Argentina is benefitting from higher world food prices since that is one of its main exports, although the country’s government is still working to stabilize the economy, Gita Gopinath, the IMF’s chief economist said on Tuesday. The IMF lifted its forecast for growth in Latin......

IMF raises its growth forecast for UK economy after 2020 crash

Reuters
LONDON (Reuters) – The International Monetary Fund raised its forecast for British economic growth, which is set to outpace the euro zone this year after its slump in 2020 but is unlikely to regain its pre-pandemic size until some time in 2022. FILE PHOTO: The International Monetary Fund (IMF) logo......

Stronger international support needed for Africa – IMF, African Caucus chair

Reuters
FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo WASHINGTON (Reuters) – Africa needs carefully-calibrated domestic policies and stronger support from the international community to recover from the COVID-19 crisis and return to its path of......

Take Five: Spring in the step

Reuters
1/ SPRING MEETINGS FILE PHOTO: International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas/File Photo Financial policymakers from around the globe are preparing to convene — virtually of course — for the springtime......

Jordan’s PM reshuffles cabinet to accelerate reforms

Reuters
FILE PHOTO: Jordan’s Foreign Minister Bisher al-Khasawneh poses as he arrives for the Mideast peace conference in Paris, France, January 15, 2017. REUTERS/Bertrand Guay/POOL AMMAN (Reuters) – Prime Minister Bisher al-Khasawneh reshuffled his cabinet on Sunday in a move meant to accelerate IMF-guided reforms seen as crucial to Jordan’s economic......

Britain backs work on new IMF special drawing rights allocation

Reuters
FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak talks during a TV interview in London, Britain November 22, 2020. REUTERS/Simon Dawson LONDON (Reuters) – Britain on Friday backed work on a new allocation of the International Monetary Fund’s Special Drawing Rights currency that would help poorer countries. “During today’s......

Japan cautious on global economy, urges support for poor nations

Reuters
FILE PHOTO: Japan’s newly-appointed Finance Minister Taro Aso speaks at a news conference in Tokyo, Japan, September 16, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – The global economy warrants caution due to uncertainty over coronavirus vaccinations and variants, though Japan’s economy shows signs of recovery with low infections, Japanese Finance Minister......

Sudan devalues currency to meet key condition for debt relief

Reuters
KHARTOUM (Reuters) – Sudan’s central bank sharply devalued the currency on Sunday, announcing a new regime to “unify” official and black-market exchange rates in an effort to overcome a crippling economic crisis and access debt relief. The change is a key reform demanded by foreign donors and the International Monetary......

World Bank, IMF to consider climate change in debt reduction talks

Reuters
WASHINGTON (Reuters) – The World Bank is working with the International Monetary Fund (IMF) on ways to factor climate change into the negotiations about reducing the debt burdens of some poor countries, World Bank President David Malpass told Reuters in a Friday interview. FILE PHOTO: World Bank President David Malpass......

Uganda central bank holds key lending rate at 7%

Reuters
KAMPALA (Reuters) – Uganda’s central bank held its key lending rate at 7% on Monday, saying the economy had lost momentum since its last monetary policy meeting in December. Reporting by Elias Biryabarema; Writing by George Obulutsa; Editing by Alison Williams Source – For more click here To Return to......

Argentina’s vice president pushes for delay to IMF debt deal until pandemic has eased: FT

Reuters
FILE PHOTO: Argentine Vice-President and President of the Senate, Cristina Fernandez de Kirchner, speaks during the debate on the abortion bill, in Buenos Aires, Argentina, December 30, 2020. REUTERS/Matias Baglietto (Reuters) – Argentina’s Vice President Cristina Fernández de Kirchner and her allies want to delay a $44 billion debt deal......

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