Global economic recovery is going to be slow as long as the COVID-19 pandemic is not under control, International Monetary Fund (IMF) chief economist Gita Gopinath has said, calling for multilateral efforts to contain the virus.
Chairman of the Iranian Parliament’s National Security and Foreign Policy Committee Mojtaba Zonnouri said the three European powers who are member to an international nuclear deal with Iran are unwilling to use a proposed financial mechanism for processing Tehran’s loan request from the International Monetary Fund (IMF).
The vast majority of International Monetary Fund loans extended during the COVID-19 pandemic have suggested or demanded spending cuts that would worsen poverty and inequality, charity group Oxfam said.
The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is "unlikely" without a vaccine, IMF chief Kristalina Georgieva said Wednesday.
After reaching a $65 billion restructuring agreement in principle with its creditors earlier this month, Argentina must now turn to relief from the International Monetary Fund to free up cash in the near term, the Institute of International Finance said.
The International Monetary Fund’s executive board postponed a meeting on Angola until at least the second half of August to allow more time for work with authorities in the southern African nation who have asked for a bigger loan.
International Monetary Fund Chief Economist Gita Gopinath said on Friday governments must shift to “equity-like” support from one focused on liquidity provision as the coronavirus pandemic inflicts prolonged harm on companies.
Bailout talks between Lebanon and the International Monetary Fund (IMF) have been suspended, as the local authorities need to agree on reforms to be implemented to settle the ongoing economic crisis as soon as possible, Finance Minister Ghazi Wazni said.