World Jun 2, 2021
IMF and World Bank prioritize vaccine access to end pandemic
Early in the pandemic, the IMF and World Bank warned the pandemic would set back poor countries' progress, causing increased inequality and a resurgence of poverty.
World May 22, 2021
Billions of cheap vaccines for poor as IMF proposes $50 billion pandemic plan
The vaccination push came as the World Health Organization said the real number of dead from the pandemic could be two to three times higher than official statistics suggest.
Business Apr 6, 2021
U.S. Treasury Secretary Janet Yellen calls for global minimum corporate tax
Yellen said Monday she was working with G20 countries to agree to the measure, in hope of ending a "thirty-year race to the bottom."
Business / Economy | ANALYSIS Apr 4, 2021
World economy risks ‘dangerously diverging’ even as growth booms
by Rich Miller and Enda Curran
It could take years for swaths of the world to join the U.S. and China in fully recovering from the pandemic.
Business Mar 31, 2021
IMF chief says lack of fans at Olympics won't harm Japan's recovery
by Kumiko Kanetomo and Miya Tanaka
Japan's "very diversified and vibrant economy" is not dependent on revenues from hosting the games, says Kristalina Georgieva.
Commentary / World Feb 2, 2021
Now they tell us: Austerity is out in a low-interest rate world
by Brad Glosserman
It is no coincidence that there have been waves of populism across the Western world in the wake of the global financial crisis — and the imposition of the austerity orthodoxy.
Commentary / World | Beyond COVID-19 Jan 3, 2021
Debt and disease amid the pandemic
by Martin Guzman
The pandemic will likely leave several countries with distressed debt that will have to be resolved, but many will lack the capacity to ensure a level playing field for negotiations.
Commentary / World Dec 28, 2020
China should join the Paris Club
by Anders Aslund and Djoomart Otorbaev
The problem is that China, the largest sovereign lender in the world, is not a member, because other leading creditors complain that its loans and lending conditions are not transparent.
Business Oct 22, 2020
IMF backs Suga’s reform plan but urges BOJ to review inflation goal
The International Monetary Fund gave a thumbs-up Wednesday to plans by new Prime Minister Yoshihide Suga to maintain the thrust of his predecessor's Abenomics stimulus programs, while pushing through reforms to revitalize the economy. Odd Per Brekk, deputy director of the IMF's Asia and Pacific ...
Business / Economy Sep 24, 2020
IMF official warns coronavirus will weigh on some economies for years
The novel coronavirus crisis is lasting longer than expected, and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said Wednesday. The Fund has provided some $90 billion in total financing to 79 countries, including ...
Business / Economy Jun 25, 2020
IMF downgrades forecast for global contraction to 4.9% in pandemic
The projections worsened to 5.8 percent for Japan, 8 percent for the United States and double digits for the euro area.
Business / Economy Jun 22, 2020
Surge in coronavirus cases jolts prospects for world economy
The global economy’s fragile recovery is facing a fresh hurdle as a surge in coronavirus cases threatens to keep businesses closed and consumers on edge. Cases of the deadly virus rose by a record for a single day on June 21, according to the World ...