Tag Archives: IMF

Singapore, IMF, and World Bank Join Efforts to Create Central Bank Digital Currency

The rise of cryptocurrencies has prompted interest from central banks to create digital currencies. A recent survey conducted by the Bank for International Settlements revealed that almost every central bank has considered issuing a digital currency. The Monetary Authority of Singapore (MAS), the International Monetary Fund, World Bank, and other …

Read More »

IMF: Mideast loses $270B oil income amid virus, recession

The imf’s energy producers are expected to earn $270 billion less in oil revenue compared to last year as the region’s economic heavyweight, Saudi Arabia, sinks deeper into recession amid the coronavirus pandemic, according to the International Monetary Fund’s outlook released Monday. The international lender expects an overall economic contraction …

Read More »