Aso pushes back on U.S. call for scrutiny of currency moves

Apr 23, 2017

Aso pushes back on U.S. call for scrutiny of currency moves

Finance Minister Taro Aso said Saturday trade imbalances cannot be fixed through exchange-rate adjustments alone, pushing back against Washington’s calls to have more rigorous IMF scrutiny of currency moves. Earlier, U.S. Treasury Secretary Steven Mnuchin at the spring meeting of the 189-nation International Monetary ...

World Bank and IMF take on opposition to globalization

Oct 7, 2016

World Bank and IMF take on opposition to globalization

Global finance leaders on Thursday publicly confronted the rising unpopularity of trade liberalization, saying world economies need to strive for more inclusive growth. With Republican presidential candidate Donald Trump leading a surge of anti-free trade sentiment in the United States, and Britain voting to ...

World Bank head Kim sees disappointing growth after Brexit

Jul 25, 2016

World Bank head Kim sees disappointing growth after Brexit

World Bank President Jim Yong Kim said continued uncertainty following the U.K.’s vote to leave the European Union could hurt global growth. “We actually thought the U.S. was solid, the eurozone seemed to be getting better, even Japan seemed to be doing a little ...

Global finance leaders seek to bolster growth

Apr 15, 2016

Global finance leaders seek to bolster growth

The leaders of the International Monetary Fund and the World Bank pledged Thursday to redouble efforts to bolster shaky global growth prospects and combat increasing political attacks on free trade and other hallmarks of globalization. IMF Managing Director Christine Lagarde and World Bank President ...