Thursday, July 25, 2024

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World

IMF chief Georgieva warns of spending ‘pressure’ before global 2024 elections

WASHINGTON, JANUARY 15: The year ahead will be "very tough" for fiscal policy ~ especially for countries holding elections ~ the IMF chief said before departing for the World Economic Forum in Davos, Switzerland. "This is going to be a very tough year, because fiscal policy has to rebuild buffers and deal with the debt that was accumulated in many countries", International Monetary Fund Managing Director Kristalina Georgieva said in an interview in Washington. "About 80 countries are going to have elections, and we know what happens with pressure on...
World

Climate change exacerbating conflict and poverty: IMF

NEW YORK, AUGUST 31: Fragile countries, and those impacted most by conflict, are already being unevenly hit by the effects of climate change, and are less able than other countries to mitigate those impacts, according to a report published by the International Monetary Fund (IMF) on Wednesday. Fragile and conflict-affected states, referred to by the report as FCS, are those countries whose location and dependence on agriculture make them most vulnerable to extreme weather. They are also some of the most prone to conflict, which in turn hinders their ability...
India

Asia-Pacific to grow 4.6% in 2023

India, China to contribute half of global growth: IMF NEW DELHI, MAY 2: Growth in the dynamic Asia-Pacific region is projected to increase to 4.6% this year from that of 3.8% recorded in 2022, according to the International Monetary Fund which stated that the growth will be largely led by India and China. In its Regional Economic Outlook - Asia and Pacific report released on Tuesday, the Washington-based fund said the region would contribute around 70% of global growth. "Asia and Pacific will be the most dynamic of the world's...
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