China faces ‘fork in the road,’ IMF chief Georgieva says at CDF forum

Kristalina Georgieva, Director of the International Monetary Fund (IMF), speaks during the China Development Forum 2024 at the Diaoyutai State Guesthouse on March 24, 2024 in Beijing, China.  China News Service | China News Service | Getty Images China has two choices right now: return to its old economic policies, or choose reforms to spur … Read more

New finance minister says Pakistan will seek a long-term IMF loan to stabilize the economy

ISLAMABAD — Pakistan plans to seek a long-term loan from the International Monetary Fund to help stabilize the country’s ailing economy after the end of the IMF’s current $3 billion bailout package, the country’s newly appointed finance minister said Friday. Muhammad Aurangzeb, who plans to meet with IMF officials in Washington in April, did not … Read more

India ‘easily’ fastest growing economy, IMF director says, as GDP growth soars

IMF Executive Director and former Chief Economic Advisor of India, Dr Krishnamurthy V. Subramanian addresses a press conference. Hindustan Times | Hindustan Times | Getty Images India is ‘easily’ the fastest growing economy in the world, IMF executive director Krishnamurthy Subramanian said, as the country’s third-quarter GDP growth blew past analysts’ estimates. At 8.4%, India’s … Read more

Russia’s economy ‘in for very tough times’ despite improved outlook: IMF

Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images DUBAI, United Arab Emirates — The head of the International Monetary Fund warned the Russian economy is still facing significant head winds despite receiving a … Read more

Crisis-ridden Sri Lanka’s economic reforms are yielding results, but challenges remain, IMF says

COLOMBO, Sri Lanka — Debt-stricken Sri Lanka’s economic reform program is yielding the first signs of recovery, but the improvements still need to translate into improved living conditions for its people, the International Monetary Fund said Friday. Sri Lanka has been struggling with an economic crisis since declaring bankruptcy in April 2022 with more than … Read more

China needs reforms to halt ‘significant’ growth declines: IMF chief

Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images The head of the International Monetary Fund warned Monday that China needs structural reforms in order to avoid “a fairly significant decline in growth rates.” … Read more

IMF warns AI to hit almost 40% of global employment, worsen inequality

A pedestrian walks past the TATA pop up store with a poster reading ‘The Future is AI’ ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Sunday, Jan. 14, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from January 15 to 19. Photographer: Hollie Adams/Bloomberg via Getty Images … Read more

IMF chief makes the case for carbon pricing at COP28 climate talks

Kristalina Georgieva, managing director of the International Monetary Fund, speaks during the Singapore FinTech Festival in Singapore, on Wednesday, Nov. 15, 2023. Bloomberg | Bloomberg | Getty Images Dubai, UNITED ARAB EMIRATES — The head of the International Monetary Fund on Sunday underlined the case for carbon pricing at the COP28 climate summit, saying that … Read more

Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds

Sri Lanka says it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring ByBHARATHA MALLAWARACHI Associated Press November 29, 2023, 8:21 AM FILE – A man fills gas into a vehicle at a fuel station in Colombo, Sri Lanka, on March 29, 2023. Sri Lanka said … Read more

African ambassador criticizes IMF, World Bank for not giving enough loans

Yellow taxi cabs drive down a road in Senegal’s capital city of Dakar on Sept. 6, 2023. John Wessels | Afp | Getty Images BEIJING — An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies. “The problem is that the ratings we … Read more