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Latin American pandemic recovery lagging: IMF

Washington - Latin America's recovery from the pandemic crisis is lagging the rest of the world and the economy will not return to its pre-pandemic level until 2024, the IMF warned Thursday.

International support grows for raising taxes to fund recovery

Washington - The IMF and United States on Wednesday gave a boost to the international campaign to raise taxes on wealthy firms that have done well during the pandemic in order to finance recovery efforts.

IMF lifts China growth forecast to 10-year high

Bejing - The International Monetary Fund raised its 2021 growth forecast for China to 8.4 percent on Tuesday, as it projected a stronger global rebound from the pandemic but warned of "divergences in the speed of recovery".The figure is 0.

Yellen defends IMF reserve increase aimed at poor nations

Washington - US Treasury Secretary Janet Yellen on Wednesday defended the IMF's move to boost its reserve offerings, calling the increased aid a "joint effort" to help the poorest nations hit by Covid-19.

IMF chief warns pandemic leaving some countries behind

Washington - The crisis caused by the pandemic is leaving many economies lagging behind, increasing the plight of the poor, a problem made worse by "uneven" access to vaccines, IMF chief Kristalina Georgieva said Wednesday.

IMF dismisses inflation concerns of Biden stimulus plan

Washington - Fears that inflation could spiral out of control due to a massive US stimulus package are overblown, IMF chief economist Gita Gopinath said Friday.Her argument contradicted critics of US President Joe Biden's proposed $1.

IMF working on details of loan deal with Argentina: Georgieva

Washington - The IMF is working towards reaching agreement on a new loan deal with Argentina and the next round of meetings will focus on the details, fund chief Kristalina Georgieva said Friday.

Argentina talks hit as IMF delegate tests positive for Covid

Buenos Aires - Economy Minister Martin Guzman and other Argentine officials were placed in preventive isolation Sunday after a member of a visiting IMF mission tested positive for Covid-19, the government said.

IMF, World Bank marshall forces to push for aid for poorest

Washington - The world's two dominant emergency lenders opened their annual meetings on Wednesday with a renewed call for the wealthy to help the poorest deal with the ravages of the coronavirus pandemic, within national borders and globally.

IMF warns of lasting damage, long climb out of recession

Washington - The global economic crisis will not be quite as grim as feared this year, but GDP will still contract 4.4 percent and the damage inflicted by the pandemic will be felt for years, the IMF said Tuesday.

Mexican economy needs years to recover from virus: IMF

Washington - Mexico faces a years-long struggle to return to pre-pandemic levels of employment, income and poverty after an expected economic contraction of 9.0 percent in 2020, the IMF warned Tuesday.

Brazil GDP decline set for less than feared at 5.8 percent: IMF

Washington - Brazil's economy is set to shrink by 5.8 percent in 2020, the International Monetary Fund said Monday, revising up an earlier forecast but warning the country faced "excpetionally high" risks."The economy is projected to shrink by 5.

IMF raises Colombia's credit line to $17.2 bn

Washington - The International Monetary Fund on Friday announced it had raised by $6.5 billion a credit line offered to Colombia to about $17.2 billion, aiming to help the country cope with the economic effects of Covid-19.

IMF predicts worst Mideast downturn in half century

Dubai - The IMF Monday again sharply lowered its Middle East and North Africa economic forecast, to its lowest level in 50 years, over the "twin shock" of the coronavirus pandemic and low oil prices.The region's economy will contract by 5.

Chile, Peru secure credit lines from IMF amid pandemic

Washington - The IMF approved a two-year $24 billion credit line for Chile on Friday as the South American nation battles the growing impact of the coronavirus pandemic.

IMF approves $396 million for Jordan to fight coronavirus

Washington - The IMF on Thursday approved $396 million for Jordan to fight the coronavirus outbreak, a disbursement equal to about a quarter of its projected need amid the global economic downturn sparked by the pandemic.

Leaders warn Africa short of funds to fight pandemic

Washington - International financial institutions and African leaders warned on Friday the continent needs tens of billions of dollars in additional money to fight the coronavirus pandemic despite debt freezes and massive pledges of support.

Africa still needs $44 bn to fight pandemic: World Bank and IMF

Washington - The World Bank and IMF said on Friday Africa needs $44 billion more to fight the coronavirus pandemic despite a freeze in debt payments for many countries and massive pledges of support.

Coronavirus could spark second LatAm 'lost decade': IMF

Washington - The coronavirus pandemic may spark another "lost decade" in Latin America, the IMF said on Thursday.

Everything on the table to attack virus' economic damage: IMF

Washington - The severe economic crisis ignited by the coronavirus pandemic requires the rapid deployment of every available financial lifeline to help countries survive, IMF chief Kristalina Georgieva said Thursday.

IMF cautions renewed social unrest possible amid pandemic

Washington - The economic stresses caused by the global coronavirus pandemic could spark an outbreak of protests, the International Monetary Fund warned Wednesday, urging governments to take steps to prevent unrest.

Pandemic causing deep recession, and it could get worse: IMF

Washington - The coronavirus pandemic is pushing the global economy into its deepest recession in a century, cutting world output by three percent this year, and the crisis could get worse, the International Monetary Fund said Tuesday.

China, India to narrowly avoid recession in virus-hit 2020: IMF

Fpo - Some of Asia's biggest economies are likely to narrowly avoid recession this year and are poised to bounce back strongly in 2021 if the coronavirus is contained, the IMF forecast Tuesday, with China leading the recovery.

IMF approves debt relief for 25 poor countries

Washington - The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic.

Op-Ed: IMF — ‘The New Great Depression’ is the wrong message

Sydney - The IMF has stated that this is the worst economic downturn since the Great Depression. It probably is, but it’s the wrong message to send when people are looking for a way out.

World faces worst crisis since Great Depression: IMF's Georgieva

Washington - The global coronavirus pandemic has inflicted an economic crisis unlike any in the past century and will require a massive response to ensure recovery, IMF chief Kristalina Georgieva said Thursday.

Virus-hit Iran urges IMF to approve $5bn loan

Tehran - Iranian President Hassan Rouhani urged the International Monetary Fund on Wednesday to give the sanctions-hit country a $5 billion emergency loan to combat its novel coronavirus outbreak.

Virus-hit Iran urges IMF to approve its loan request

Tehran - Iran's President Hassan Rouhani appealed to the International Monetary Fund Wednesday to approve a $5 billion emergency loan request to combat its novel coronavirus outbreak.

Op-Ed: Iran official critical of US obstruction of IMF loan application

Iran's Secretary of the Supreme National Security Council, Ali Shamkrani criticized US obstruction of a loan from the International Monetary Fund(IMF) that Iran was seeking to fight the COVID-19 pandemic that has had a serious impact on the country.

WHO, IMF say saving lives 'prerequisite' to save jobs

Geneva - The WHO and IMF chiefs insisted Friday that saving lives was a "prerequisite" to saving livelihoods in the coronavirus pandemic -- a crisis they called "one of humanity's darkest hours".
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IMF Managing Director Christine Lagarde (C) visits the Artisan Market in Pisac  Peru on October 4  2...
IMF Managing Director Christine Lagarde (C) visits the Artisan Market in Pisac, Peru on October 4, 2015
Stephen Jaffe, IMF/AFP
CRISIS: Message posted on ATMs in Greece last month at height of country s dispute with European Uni...
CRISIS: Message posted on ATMs in Greece last month at height of country's dispute with European Union lenders. Banks were closed for more than three weeks but reopened Monday with limits on withdrawals.
SucreRouge/Wikimedia Commons
The former IMF chief  Dominique Strauss Kahn
The former IMF chief, Dominique Strauss Kahn
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Former International Monetary Fund Managing Director Dominique Strauss-Kahn.
Former International Monetary Fund Managing Director Dominique Strauss-Kahn.
IMF
Former International Monetary Fund Managing Director  Dominique Strauss-Kahn  at a press conference
Former International Monetary Fund Managing Director, Dominique Strauss-Kahn, at a press conference
International Monetary Fund
The global community actively discusses a financial aid to Ukraine. The issue of financial aid to Uk...
The global community actively discusses a financial aid to Ukraine. The issue of financial aid to Ukraine was one of the topical at the G-20 summit in Sydney. Ukrainian issue stirred up all international politicians. Such a potential grantors of Ukraine as the EU, the USA and the IMF expressed willingness to help Ukraine. The EU proposes to organize a conference of grantors for financial aid to Ukraine and to coordinate measures in order to lend economic aid to Ukraine from the USA, Japan, China
The global community is ready to grant a financial aid to Ukraine
Former IMF Managing Director Dominique Strauss-Kahn
Former IMF Managing Director Dominique Strauss-Kahn
International Monetary Fund
Aid was promised  but where is the money?

At the end of February of this year the EU leaders in rep...
Aid was promised, but where is the money? At the end of February of this year the EU leaders in reply to changing of State power in Ukraine promised to give financial help, aimed at financial system stabilization and different investment projects realization directed on development of the country economy. Then Elmar Brok, chairman of the EP Committee on Foreign Affairs announced a sum in 20 billion Euros, which will be received by Ukraine for the reform implementation as soon as a new governme
Christine Lagarde
Christine Lagarde.
MEDEF
IMF Headquarters Washington DC
IMF Headquarters Washington DC
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Mandel Ngan, AFP/File
Students interrupt a talk by Christine Lagarde of the IMF at the University of Amsterdam
Students interrupt a talk by Christine Lagarde of the IMF at the University of Amsterdam
ROAR Mag
Students interrupt a talk by Christine Lagarde of the IMF at the University of Amsterdam
Students interrupt a talk by Christine Lagarde of the IMF at the University of Amsterdam
YouTube
OFFICIAL: European Commission President Jean-Claude Juncker attends a European People s Party conven...
OFFICIAL: European Commission President Jean-Claude Juncker attends a European People's Party convention in Vilnius, Lithuania, in 2013.
European People's Party
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