The path towards sustainable government debt levels around the world is under threat this year from the sheer number of elections taking place, the IMF said Wednesday in a new report. “History suggests, and empirical evidence confirms, that governments tend to spend more and or tax less in election year,” Vitor Gaspar, the head of … Read more
The International Monetary Fund’s executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1 this year, the global lender said. “The Board commended Ms. Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks,” it said in … Read more
Washington: Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year, the International Monetary Fund’s chief said Thursday, below the annual historic average and a warning sign about potential lackluster performances through the 2020s. “Without a course correction, we are indeed heading for … Read more
Talks aimed at brokering a truce between Israel and Hamas in the Gaza Strip will resume in Cairo on Sunday, Egyptian outlet Al-Qahera reported, days after Prime Minister Benjamin Netanyahu gave the green light for fresh negotiations. “An Egyptian security source confirmed to Al-Qahera News the resumption of negotiations on a truce between Israel and … Read more
Although the IMF prescribes social safety nets to buffer the hardships of vulnerable communities, Aswesuma has excluded many Sri Lankans facing dire economic situations as the government works out tax reforms introduced by the programme. According to a survey by the World Food Programme released last December, 24 per cent of Sri Lankan households were … Read more
The comparisons among nations’ economies look at nominal GDP, which doesn’t reflect some different national conditions, and is in dollar terms. The Shinjuku district of Tokyo. Japan’s economy has slipped into a recession. Photo: AP Japan’s nominal GDP totalled US$4.2 trillion last year, or about 591 trillion yen. Germany’s, announced last month, was US$4.4 trillion, … Read more
Home Business Artificial Intelligence To Affect 40% Of Jobs Globally: IMF According to the IMF, about 60 per cent of jobs may be impacted by AI in advanced economies. Around half the exposed jobs may benefit from AI integration, enhancing productivity. Updated: January 15, 2024 2:58 PM IST By IANS Jobs cut due to AI … Read more
The IMF released its first tranche of USD 1.2 billion in July. Islamabad: Amid the crippling economic woes in Pakistan, the Executive Board of the International Monetary Fund (IMF) completed its first review of the country’s economic reform programme and allowed the immediate disbursement of USD 700 million, ARY News reported on Thursday. The report, … Read more
World Bank President Ajay Banga on Tuesday batted for removing barriers to private sector investment, saying it is key to tackling challenges before the global economy as neither the governments nor multilateral banks have trillions of dollars in their coffers. Speaking to World Economic Forum Founder and Executive Chairman Klaus Schwab in a podcast ahead … Read more
Cash-strapped Pakistan is expected to get USD 700 million as the next tranche of the bailout from the IMF as the Executive Board of the global lender meets on January 11, according to a media report on Tuesday. The board of the Washington-based International Monetary Fund is set to deliberate and potentially grant final approval … Read more
