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1 min read
India gets more voting rights as IMF reforms quota
In the last IMF-World Bank meeting which was held at Lima, Peru, in October last year, India’s fina…
2 mins read
The IMF has approved a $650 billion Covid-19 aid package, mainly going to rich countries - but it's urging them to share
The aid is the IMF's biggest-ever distribution of reserves and is meant to support countries strugg…
Sophie Kiderlin
3 mins read
The IMF now sees an even deeper global recession as economies struggle to recover from COVID-19
"The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than an…
Carmen Reinicke
3 mins read
IMF backs new taxes on corporations and the wealthy, furthering organization's historic shift
The IMF used to be criticized for backing the interests of wealthy, developed countries and their m…
Ben Winck,Juliana Kaplan
3 mins read
The coronavirus pandemic is messing with how economic data is produced, and making it hard to work out how badly it's hitting the global economy, the IMF says
IMF said in a blogpost: "The significant data disruptions due to the COVID-19 pandemic require inno…
Saloni Sardana
2 mins read
The IMF warned of an uneven global recovery. It just got worse.
The IMF raised its growth forecast for advanced economies and lowered its outlook for developing na…
Ben Winck
2 mins read
The IMF says governments should consider new wealth taxes to raise cash from the rich as coronavirus slams the global economy
In recent years, the IMF has shifted its focus from tax cuts and recommended policies aimed at redu…
Joseph Zeballos-Roig
3 mins read
A prolonged COVID-19 pandemic could lead to a sharp correction in the stock market, IMF warns
"If the economic recovery is delayed, there is a risk of a sharp adjustment in asset prices or peri…
Matthew Fox
2 mins read
IMF lifts US growth outlook for this year to 7%, says Fed may need to hike rates earlier than it expects
The Biden administration's infrastructure, jobs and families plans are expected to boost the US eco…
Sophie Kiderlin
3 mins read
IMF lifts global growth outlook for 2020 but lowers next year's forecast on fears of persistent social distancing
Uncertainty around the updated outlook is "unusually large," the IMF said, adding governments shoul…
Ben Winck
1 min read
The IMF is lifting its weighting of the US dollar and Chinese yuan in its basket of special international reserves
The dollar's weighting went up to 43.38% from 41.7%, and the yuan's climbed to 12.28% from 10.92%, …
Brian Evans
2 mins read
IMF says vaccines and fiscal stimulus to power US economy to 5.1% growth this year - the strongest since 1984
The IMF has dramatically increased its projections for the US economy, saying vaccines and stimulus…
Harry Robertson
2 mins read
Europe risks losing 15 million jobs if new economic support isn't approved, IMF says
A mix of public- and private-sector support totaling 2% to 3% of GDP would best counteract the equi…
Ben Winck
3 mins read
The dollar's strength in 2020 will likely 'amplify' the negative impact of the coronavirus on global trade, the IMF warns
The IMF said Monday a stronger dollar is likely to "amplify the short-term fall in global trade" as…
Saloni Sardana
1 min read
IMF Slashes Growth Forecasts All Around The World
Only Japan and Sub-Saharan Africa saw increases.Euro-area outlook was cut to -0.3% from +0.1%.