International Monetary Fund

IMF Warns Deeper Financial Turmoil Would Slam Global Growth

The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe flare-up of financial system turmoil could slash output to near recessionary levels. The IMF said in its latest World Economic Outlook report that banking system contagion risks were contained by strong […]

Countries in Stronger Position Should Help Others with Debt Woes - IMF Chief

Countries in a relatively stronger position should help vulnerable nations especially those under debt distress, International Monetary Fund managing director Kristalina Georgieva said on Thursday. The IMF chief said such assistance would be particularly important against the backdrop of high interest rates and currency depreciation. “We urgently need faster and more efficient global mechanisms for […]

India’s Push to Regulate Crypto Gains IMF, U.S. Support at G20

A push by Group of 20 (G20) president India to regulate cryptocurrencies gained support from both the International Monetary Fund and the United States on Saturday as finance chiefs of the bloc wrap up two-days of talks. India has said it wants a collective global effort to deal with problems posed by cryptocurrencies such as […]