, Low-income countries in debt stranglehold, says report
Multi-trillion dollar asset manager BlackRock alone holds close to US$1 billion of ‘Eurobonds’ in Ghana, Kenya, Nigeria, Senegal and Zambia through a number of funds.
, Deep recession will lead to uneven recovery in next two years, says IMF
According to the International Monetary Fund, the countries that rely more contact-intensive services and oil exporters should expect weaker recoveries compared to manufacturing-led economies. China is the only country that will remain unaffected due to the Pandemic-related income losses.
, Global Economy Mess Could Wipe Off $3.8 Trillion: IMF Warns
The International Monetary Fund (IMF), renowned worldwide for its draconian lending policies, issued a timely warning on Monday, of a losses of US $3.8 …
, IMF cuts Global Growth Forecast, citing ‘weak and uneven recovery’
The International Monetary Fund (IMF) on Tuesday cut its global economic growth forecasts for the third time in 2014, due to even global recovery …
, IMF pushes China to introduce essential reforms as it cuts growth outlook
It may come as no surprise that the IMF decided to downgrade its growth outlook for China. The revision was driven by weak global economic conditions and unsatisfactory results recorded in China as well. Indeed, the IMF is concerned about the economic recovery in China and it believes that the country’s authorities should introduce essential reforms aimed at bringing a sustainable recovery.
, IMF criticizes Osbornomics for “lost decade of growth”
George Osborne, the Chancellor, is once again under the IMF scanner, as officials of institution will arrive to review UK economic growth. It is expected that George Osborne will defend his policies.
, IMF’s Lagarde says global economy has moved forward
The International Monetary Fund’s (IMF) Managing Director, Christine Lagarde, while speaking at the Boao Business Forum in Hainan, southern China, firmly underlined that the global economy recovered significantly in the past one year, but remained vulnerable to various risks. Commending the unconventional yet successful financial policies adopted by Asian countries, she said that: “Growth continues to strengthen and broaden among the emerging and developing economies while momentum is starting to pick up in the U.S.”
, Eurozone Debt Crisis Worries Mount amid Fresh Fears of Greece Default
When the European Union and the International Monetary Fund agreed in July to provide a second bailout for Greece, this debt-ridden Euro nation, as well …
, Christine Lagarde top contender for new IMF chief
Following ex-IMF chief Dominique Strauss-Kahn’s scandalous arrest on May 14 in New York, a number of names have been thrown up for the selection …
, What will IMF chief Strauss-Kahn’s arrest mean for Eurozone aid?
The arrest on Saturday of IMF chief, Dominique Strauss-Kahn, has sparked off intense speculation as to how much this incident will affect the scale …
, Euro, European Markets fall on fears of Greece Ditching the Euro
The Euro and European Markets dropped to new lows amid fresh concerns over Greece’s persistent debt issues, related worries regarding an impending financial recession …
