The International Monetary Fund (IMF) has hinted that it may accept the Chinese Yuan as a currency for countries to settle their obligations with the IMF following Argentina’s recent debt repayment in yuan. IMF spokesperson Julie Kozack confirmed on Thursday that Argentina had paid off part of its debts—equivalent to $1.1 billion of the $2.7…
IMF Hints Allowing Countries to Use Chinese Yuan for Debt Repayment
July 15, 2023
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IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Builds Steam
The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CDBCs) to interoperate on a global scale, which comes amid a broader push toward cashless societies and concerns about risks to freedoms. IMF managing director Kristalina Georgieva told conference participants on Monday in Rabat, Morocco, that the…
IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Gains Momentum
The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CBDC) to interoperate on a global scale, Managing Director Kristalina Georgieva told participants at a conference. “CBDCs should not be fragmented national propositions … To have more efficient and fairer transactions, we need systems that connect countries—we…
Poilievre Calls on Trudeau to Cancel Summer Vacation to Work on Budget Bill
June 8, 2023
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A day after leading a four-hour filibuster to delay a vote on the Liberal government’s 2023 budget bill, Conservative Leader Pierre Poilievre called for Prime Minister Justin Trudeau to cancel his summer vacation in order to work on rewriting the legislation. “I’m calling on [Trudeau] to do the honourable thing. To put aside his pride and…
IMF: Talent Shortage in Hong Kong Becoming a Prominent Concern
On May 31, the International Monetary Fund (IMF) Executive Board issued an assessment report after summing up Hong Kong 2023 Article IV Consultation Discussions. The report mentioned that the talent shortage is becoming a prominent concern with the significantly declining labor force in Hong Kong during the past few years. The IMF pointed out that…
IMF Warns of Prolonged High Interest Rates, Urges Fiscal Tightening to Tackle Inflation
May 26, 2023
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In a recent statement following its comprehensive assessment of U.S. policies, the International Monetary Fund (IMF) emphasized the need for the United States to maintain higher interest rates for an extended period to curb inflation. Additionally, the IMF urged Washington to adopt stricter fiscal measures to address the country’s mounting federal debt. Despite the U.S….
LIVE 12:45 PM ET: IMF Officials Speaks on the U.S. Economy
The International Monetary Fund (IMF) officials Kristalina Georgieva, Managing Director of IMF; Rodrigo Valdés, Director, IMF Western Hemisphere; Nigel Chalk, Deputy Director, IMF Western Hemisphere; and Julie Kozack, Director, IMF Communications Department, hold a news conference to discuss the United States economy at 12:45 p.m. ET on May 26. …
LIVE NOW: IMF Officials Speak on the US Economy
The International Monetary Fund (IMF) officials Kristalina Georgieva, managing director of IMF; Rodrigo Valdés, director, IMF Western Hemisphere; Nigel Chalk, deputy director, IMF Western Hemisphere; and Julie Kozack, director, IMF Communications Department, hold a news conference to discuss the United States economy at 12:45 p.m. ET on May 26. …
IMF Officials Speak on the US Economy
The International Monetary Fund (IMF) officials Kristalina Georgieva, managing director of IMF; Rodrigo Valdés, director, IMF Western Hemisphere; Nigel Chalk, deputy director, IMF Western Hemisphere; and Julie Kozack, director, IMF Communications Department, hold a news conference to discuss the United States economy at 12:45 p.m. ET on May 26. …
Pakistan on the Brink of Collapse, CCP to Benefit
Commentary The Chinese Communist Party (CCP) is biding its time as Pakistan, already facing economic collapse, is now in the throes of widespread protests and political violence. Pakistan is reeling from a combination of natural disasters, hunger, economic crisis, and political turmoil in the wake of the military-led arrest of former Prime Minister Imran Khan….
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