The U.S. Federal Reserve should speed up the elimination of its bond-buying program and tighten its monetary policy to rein in the inflationary pressures facing the country, said the International Monetary Fund on Friday. “We see grounds for monetary policy in the United States—with gross domestic product close to pre-pandemic trends, tight labor markets, and…
Accelerate Tapering of Asset Purchases and Tighten Monetary Policy: IMF
December 4, 2021
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Business & EconomyeconomyFed taperinginflationInternational Monetary FundPolicies & ImpactsU.S. Federal ReserveUSUS News
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Developing Nations Need to Take Steps to Limit Hit From Local Debt Overhauls: IMF
LONDON—Restructuring local sovereign debt burdens will likely play an increasingly important part in emerging markets, according to the International Monetary Fund (IMF), though governments need to take measures to limit the hit on local banks and investors. The share of debt issued by developing nations in their local markets has risen from 31 percent to…
US Treasury Will Hold IMF Chief Accountable for Integrity Changes: Official
October 21, 2021
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Business & EconomyEconomieseconomyExecutive BranchInternationalInternational Monetary FundKristalina GeorgievaPoliticsscandalUSWorld
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WASHINGTON—The second-ranking U.S. Treasury official told senators on Tuesday that the agency would hold International Monetary Fund Managing Director Kristalina Georgieva accountable for changes needed to safeguard IMF integrity in the wake of a World Bank data-rigging scandal. “We did not find that it was appropriate at this point to remove the (IMF) managing director,”…
IMF, Ukraine Reach Deal That Could Unlock $700 Million Disbursement
WASHINGTON, on Oct. 18—The International Monetary Fund and Ukraine announced an agreement on Monday that could pave the way for Kyiv to receive a $700 million disbursement and secure an extension to its $5 billion loan program through to June. Ukraine had secured a stand–by loan deal last year as the country, one of Europe’s…
IMF Cuts Asia’s Growth Forecast, Warns of Supply Chain Risks
October 20, 2021
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The International Monetary Fund on Tuesday slashed this year’s economic growth forecast for Asia and warned that a fresh wave of COVID-19 infections, supply chain disruptions, and inflation pressures pose downside risks to the outlook. China’s economy will grow by 8.0 percent this year and 5.6 percent in 2022, but the recovery remains “unbalanced” as…
IMF Sees Economic Growth With Higher Inflation for Mideast
DUBAI, United Arab Emirates—The Middle East is expected to see significant economic growth this year, but also soaring inflation and food prices, as coronavirus vaccines are unevenly rolled out across the region, the International Monetary Fund said Tuesday. The lender’s new report projects the region’s economies will grow by around 4 percent, while inflation will…
IMF Chief Expects Members to Reach $100 Billion Target for Shifting Reserves to Vulnerable Countries
October 13, 2021
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Business & EconomyEconomiesInternationalInternational Monetary FundKristalina GeorgievareservesWorld
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WASHINGTON—International Monetary Fund Managing Director Kristalina Georgieva on Wednesday said she expects advanced economies to reach their target of shifting $100 billion of $650 billion in newly created emergency reserves to countries in need. Georgieva told reporters she was encouraged by the IMF executive board’s consideration of a new Resilience and Sustainability Trust (RST) that would…
Lebanon’s PM-designate Steps Down After Months of Deadlock
BEIRUT—Lebanon’s Prime Minister-designate Saad Hariri stepped down Thursday, citing “key differences” with the president after nine months of political wrangling that failed to put together a government for the crisis-ridden country. The development is likely to plunge Lebanon further into chaos and uncertainty amid an unprecedented economic breakdown—and also dim prospects for a recovery package…
Live Q&A: FBI Criticized Over Tweet on Reporting Family Members; China Launches New Currency War
The FBI is being criticized for a tweet saying Americans should report family members and peers for suspicious behaviors in a campaign to prevent extremism. And in other news, a new currency program through the International Monetary Fund is allegedly being used by the Chinese government in a possible bid to undermine the U.S. dollar….
The International Monetary Fund Shows the Jobless Recovery
Commentary The International Monetary Fund (IMF) has published its April outlook for the global economy. It has been hailed by most commentators due to the strong upgrade in GDP recovery. The report states that “global growth is projected at 6 percent in 2021, moderating to 4.4 percent in 2022. … The upward revision reflects additional…
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