Divided EU taps Bulgaria's Kristalina Georgieva as IMF candidate
In a fractious vote, EU ministers on Friday chose the Bulgarian No. 2 of the World Bank, Kristalina Georgieva, as the bloc's candidate to become IMF chief. Georgieva, if appointed, would become the second female managing director of the International Monetary Fund, after Christine Lagarde, ...
Egypt says third of its population living in poverty as final IMF loan looms
Egypt says 1 in every 3 citizens was living in poverty in 2018. The country's statistics agency says 32.5 percent of Egyptians lived below the poverty line that year, up from 27.8 percent in 2015 and 16.7 percent in 2000. Monday's report was the first on ...
Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday. Trade conflicts are undercutting investment and weakening manufacturing, and the IMF urged countries ...
Ability, not nationality, should be the most important factor in the selection process.
The biggest cloud hanging over the international economy is the prospect of a trade war between the United States and China, and a concomitant erosion of the commitment to free and open trade.
We're not even close to the next great recession
The IMF's latest numbers show a worrisome trajectory, but they aren't terrible.
IMF cuts global growth outlook to lowest since financial crisis
The International Monetary Fund cut its outlook for global growth to the lowest since the financial crisis amid a bleaker outlook in most major advanced economies and signs that higher tariffs are weighing on trade. The world economy will grow 3.3 percent this year, down ...
Trump wants to meet with Xi 'very soon' over trade war, adviser says
The Trump administration said the U.S. president still wants to meet China's Xi Jinping in an effort to end the trade war, a sign of optimism as negotiators from the world's two biggest economies start their latest round of talks this week. "He wants to ...
U.S. President Donald Trump said on Wednesday that the World Bank Group should be led by U.S. Treasury official David Malpass, a Trump loyalist and critic of multilateral institutions who has vowed to pursue "pro-growth" reforms at the development lender. Trump's nomination of Malpass, the ...
IMF cuts growth forecast as world economy is expected to slow in 2019 amid trade tensions
The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world's second-biggest economy, said it had slowed to its weakest pace since 1990. The IMF cut its estimate for global growth this year to ...
