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IMF says yen's rapid slide may hamper Japan's post-pandemic recovery

Business / Economy Apr 24, 2022

IMF says yen's rapid slide may hamper Japan's post-pandemic recovery

The drop to a 20-year low against the dollar reflects the BOJ's loose monetary easing while other central banks are tightening.

One dead after police fire on Sri Lanka protesters amid IMF bailout talks

Asia Pacific Apr 20, 2022

One dead after police fire on Sri Lanka protesters amid IMF bailout talks

Demonstrations have raged across the South Asian island country of 22 million people for weeks over the government's mishandling of the economy.

Sri Lanka's reluctance to tap IMF helped push it into an economic abyss

Business / Economy Apr 18, 2022

Sri Lanka's reluctance to tap IMF helped push it into an economic abyss

by Devjyot Ghoshal and Uditha Jayasinghe

Faced with a rapidly deteriorating economic environment, the government chose to wait, instead of moving quickly and seeking help.

IMF cuts Japan's growth forecast over hit from Ukraine war fallout

Business / Economy Apr 7, 2022

IMF cuts Japan's growth forecast over hit from Ukraine war fallout

The IMF now expects Japan's economy to grow 2.4% this year, lower than a projection for 3.3% expansion made in January.

IMF staff cut critical coal language from Japan statement

Business / Economy Feb 3, 2022

IMF staff cut critical coal language from Japan statement

A copy of an earlier draft stated that Japan should end exceptions to its pledge to halt coal financing and phase out of existing commitments to support coal projects abroad.

There is a big economic and political cost to closed minds

Commentary / World Feb 2, 2022

There is a big economic and political cost to closed minds

by Kaushik Basu

One of the main reasons for the uneven COVID-19 recovery has more to do with politics than economics as support for aggressive nationalistic trade barriers has grown sharply in recent years.

China's January factory activity contracts as COVID-19 lockdowns bite

Business Jan 30, 2022

China's January factory activity contracts as COVID-19 lockdowns bite

China's factory activity contracted at the sharpest rate in 23 months in January, underscoring the huge economic costs from the country's "COVID zero" approach.

COVID-19 pandemic unlikely to have 'scarring' effects on Japan economy, IMF says

Business / Economy Jan 28, 2022

COVID-19 pandemic unlikely to have 'scarring' effects on Japan economy, IMF says

by Miya Tanaka

While the current surge of the omicron variant could slow growth momentum in the first quarter of 2022, a "strong rebound" is expected in the second quarter as the wave dissipates.

Slowdowns in U.S. and China will hold back global growth, report says

Business / Economy Jan 26, 2022

Slowdowns in U.S. and China will hold back global growth, report says

by Patricia Cohen

Higher inflation, supply chain chokepoints, and pandemic-related shutdowns and worker shortages continue to afflict rich and poor nations, the IMF said.

IMF chief urges debt-laden nations to act now to avoid problems

Business Jan 22, 2022

IMF chief urges debt-laden nations to act now to avoid problems

by Eric Martin

Managing Director Kristalina Georgieva said that her worry is greatest for low-income countries because 60% are in debt distress or in danger of reaching that point.

Omicron — will the economic impact be mild or severe?

Business / Economy | FOCUS Jan 8, 2022

Omicron — will the economic impact be mild or severe?

After limping its way back from the COVID-19 pandemic last year, the global economic recovery has been rattled by the omicron variant's rapid rise.

Sri Lankan ministers plan meeting to consider seeking IMF bailout

World Dec 30, 2021

Sri Lankan ministers plan meeting to consider seeking IMF bailout

by Asantha Sirimanne

Sri Lanka struggles with limited options to address upcoming debt maturities.

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