Tag Archives: International Monetary Fund

The board of governors of the International Monetary Fund on Monday greenlit increasing the institution’s lending capacity by $650 billion, the last step in approving an initiative to boost aid to the most vulnerable countries. “This is a historic decision – the largest SDR (Special Drawing Rights) allocation in the …

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 …

The global economy has surpassed its pre-pandemic peak, data survey firm IHS Markit said Monday, as the recovery accelerates thanks to vaccination and the end of pandemic-related restrictions.

A senior member of Lebanon’s negotiating team with the International Monetary Fund (IMF) has quit his post as finance ministry director general, telling al-Jadeed TV he had resigned over the way leaders are handling a financial crisis. Alain Bifani is the second member of Lebanon’s team at the IMF talks …

The global economy will take much longer to recover fully from the shock caused by the new coronavirus than initially expected, the head of the International Monetary Fund said, and she stressed the danger of protectionism. Managing Director Kristalina Georgieva said the Fund was likely to revise downward its forecast …

Lebanon’s government on Friday signed a request for assistance from the International Monetary Fund, a statement from Prime Minister Hassan Diab’s office said. “This is a historic moment in the history of Lebanon. We have taken the first step on the path of saving Lebanon from the deep financial gap; …

Iranian authorities have called on the International Monetary Fund (IMF) to accelerate processing Tehran’s request for an emergency loan which requires fighting a pandemic. The governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said on Thursday that the IMF is expected to consider Iran’s request for a $5 …

Iran has urged the International Monetary Fund (IMF) to approve a $5bn (£4bn) emergency loan to help fight the coronavirus, as its death toll passed 4,000. President Hassan Rouhani warned that “there should be no discrimination” in approving requests. The US reportedly opposes the loan, with officials saying Iran has …

The global economy has come under pressure from the threat of further trade sanctions by the US, social unrest and the climate emergency, limiting its recovery over the next two years, the International Monetary Fund has warned. In its half-yearly update, the Washington-based lender of last resort said the global …