Tag Archives: IMF

  How issuance of the IMF’s reserve asset, Special Drawing Rights, could ensure international liquidity COMMENT | JIM O’NEIL AND DOMENICO LOMBARDI | Owing to the COVID-19 pandemic, the International Monetary Fund estimates that, between now and the end of 2021, global GDP will suffer a cumulative loss of more …

Washington, United States | AFP | The growing use of export restrictions by governments can be “dangerously counterproductive” as the world deals with the coronavirus pandemic, the IMF and WTO warned Friday. The two institutions called on global leaders to commit to refrain from imposing or tightening controls on product sales, as they did at …

Washington, United States | AFP | International financial institutions and African leaders warned on Friday the continent needs tens of billions of dollars in additional money to fight the coronavirus pandemic despite debt freezes and massive pledges of support. In a joint statement, the World Bank and International Monetary Fund said …

Washington, United States | AFP | The IMF and World Bank have aggressively pushed out financing to help countries deal with the health and economic impacts of the coronavirus pandemic. Here is a summary of the financing available from the Washington-based development lenders: – Regular lending capacity – All members …

Kampala, Uganda | THE INDEPENDENT | Uganda could emerge from the COVID-19 crisis as the most resilient compared to the other countries in the region, the International Monetary Fund (IMF) has said. In the latest report of the global outlook for 2020, the IMF says Uganda’s growth will be 3.5% …

Washington, United States | AFP | The coronavirus pandemic is pushing the global economy into its deepest recession in a century, cutting world output by three percent this year, the International Monetary Fund said Tuesday. If the virus is contained and economies can begin operating again, 2021 should see a rebound …

Washington, United States | AFP | The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic. “This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six …

Kampala, Uganda |  THE INDEPENDENT |  The World Bank and International Monetary Fund have called for the suspension of debt repayments for poorer countries as many of them turn to focus on battling the Coronavirus (COVID -19). In a joint statement on Wednesday night, the two multi-lateral lenders said the Coronavirus …

Washington, United States | AFP | The world economy is facing “severe” economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented response, IMF chief Kristalina Georgieva said Monday. Georgieva called on advanced economies to provide more support to low income countries, which face a …

The lender will also provide policy and technical advice to ensure countries access global expertise | PATRICIA AKANKWATSA | As the world grapples with the spread of Coronavirus (COVID-19), the World Bank Group is making available an initial package of up to US$12 billion in immediate support to assist countries …