IMF

Vaccinating The World

Although we have come a long way in the fight against COVID-19, the only thing that will alter the course of the pandemic decisively is a genuine act of global solidarity.

9 June 2021
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WEF EXCLUSIVE: The Contours Of Future Cooperation

There is a great global misalignment: at the very moment cooperation is more vital than ever to address urgent challenges, it is in decline. In late June, referencing the fractured response to the COVID-19 crisis, United Nations (UN) Secretary-General Antonio Guterres warned “there is total lack of coordination among countries.” Some have gone further, drawing on examples from history and comparing the global quest for a COVID-19 vaccine to the space race between the United

23 July 2020
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COVID-19: Now Or Never for Global Leadership

This week, leaders from medicine, economics, politics, and civil society are uniting to demand immediate and coordinated international action – in the next few days – to mobilise the resources needed to address the COVID-19 crisis, prevent the current health catastrophe from becoming one of the worst in history, and avert a global depression.

10 April 2020
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Italy, Spain suffer record virus deaths

Italy has logged a shocking spike in its already staggering coronavirus death toll, with officials warning the peak of the crisis was still days away, as the global infection rate surges relentlessly upwards.With more than 300,000 people infected in Europe alone, the disease shows few signs of slowing, and has already cast the world into a recession, economists say.In the United States (US), which now has more than 104,000 COVID-19 patients, President Donald Trump invoked wartime powers Frida

29 March 2020
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Coronavirus puts global recovery at risk

The deadly coronavirus epidemic could put an already fragile global economic recovery at risk, the International Monetary Fund (IMF) warned Sunday, as G20 financial chiefs voiced "real concern" over its economic ripple effects.Global growth was poised for a modest rebound to 3.3 percent this year, up from 2.9 percent last year, IMF chief Kristalina Georgieva said after a two-day meeting of G20 finance ministers and central bank governors in Riyadh.But the projected recovery was &quo

24 February 2020
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G20 summit highlights from Buenos Aires

Finance ministers and central bankers from the top 20 economies of the world on Sunday ended two days of talks in Buenos Aires. They began against a backdrop of concern with a burgeoning trade war that had risked spilling into currency markets.

23 July 2018
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China’s creditor imperialism

This month, Sri Lanka, unable to pay the onerous debt to China it has accumulated, formally handed over its strategically located Hambantota port to the Asian giant.

23 December 2017
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Philippine central bank not increasing interest rates now

Philippine central bank Governor Nestor Espenilla said contained inflation means there isn’t a need to increase interest rates in the near term."Right now, there is no need to move policy rates looking at the inflation outlook," Espenilla said in Washington where he was attending the annual International Monetary Fund meetings.

16 October 2017
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