Divided EU taps Bulgaria's Kristalina Georgieva as IMF candidate

Business Aug 3, 2019

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, ...

IMF downgrades world growth, warns of 'precarious' 2020

Business / Economy Jul 24, 2019

IMF downgrades world growth, warns of 'precarious' 2020

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 ...

Editorials Apr 11, 2019

'A delicate moment' for the global economy

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.

Business Apr 10, 2019

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 ...

May pleads with Macron and Merkel for Brexit delay

World / Politics Apr 10, 2019

May pleads with Macron and Merkel for Brexit delay

British Prime Minister Theresa May toured Berlin and Paris on Tuesday to plead for an extension to the deadline for Brexit, which looked increasingly likely to be approved by EU leaders at a crunch meeting in Brussels. May has asked for a second extension to ...

Trump taps critic of global institutions to lead World Bank

Business Feb 7, 2019

Trump taps critic of global institutions to lead World Bank

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 ...