IMF against making crypto legal tender, issues action plan
The International Monetary Fund has made recommendations on how countries should handle crypto assets.
IMF chief expects to keep 2023 global growth forecast steady
The International Monetary Fund expects to hold its global growth forecast at 2.7% for 2023.
IMF head urges China to end mass lockdowns
IMF head Kristalina Georgieva urges China to move past it's zero-COVID approach. She also said it's too early for Jerome Powell's Federal Reserve to lower rates.
IMF chief urges aggressive fight against soaring inflation
Kristaline Georgieva said that the world economy "has been hit by one shock after another″ — the coronavirus pandemic, Russia’s invasion of Ukraine and a resurgence of inflation.
IMF sees ad hoc taxes on excess profits as 'problematic'
European countries are debating whether oil companies making record profits because of the energy crisis triggered by Russia's invasion of Ukraine should pay additional taxes.
IMF warns 'worst is yet to come' for global economy as recession risks rise
The global economy is headed for "stormy waters," the International Monetary Fund warned in its latest Global Economic Outlook, amid growing threats of a deep, worldwide recession.
IMF warns of higher recession risk and darker global outlook
The bleak projections come as central banks around the world raise interest rates in hopes of taming rising inflation. The Fed has been the most aggressive in using interest rate hikes.
Bank of England to buy UK bonds to avert financial risk
The Bank of England has moved to halt a slide in British government bonds that posed a “material risk” after plans to slash taxes spooked investors.
World Bank cuts China growth forecast as COVID-19, real-estate crunch take toll
The World Bank expects developing economies in East Asia to grow faster than China, because of it's zero-COVID policies, for the first time since 1990.
IMF warns global economy teetering on brink of recession as it slashes growth outlook
The International Monetary Fund warned the global economy could soon fall into a recession amid a confluence of threats, including inflation and the war in Ukraine.
Global economy faces biggest test since World War II amid 'confluence of calamities': IMF chief
IMF Director Kristalina Georgieva warned the global economy faces the "biggest test since the Second World War" as it confronts a "potential confluence of calamities."
Fed's Powell confirms half-point rate hike 'on the table' in May as inflation surges
Federal Reserve Chairman Jerome Powell said Thursday that central bank officials could raise interest rates by 50-basis points in May and subsequent months as they seek to tame the hottest inflation in four decades.
Yellen blames Russia-Ukraine war for rising food prices, urges institutions to take 'concrete action'
Treasury Secretary Janet Yellen on Tuesday blamed the Russian war in Ukraine for growing food insecurity and skyrocketing prices, calling institutions to "deepen their response" to risks of hunger.
IMF cuts global growth forecasts as Ukraine war, inflation cast shadow on world economy
The global economic outlook has darkened considerably as the Russian war in Ukraine and sky-high inflation weigh on the still-fragile recovery from the pandemic, the International Monetary Fund warned on Tuesday.
IMF chief warns inflation poses a 'clear and present danger' to global economy
IMF chief warned this week that Russia's invasion of Ukraine has weakened the economic outlook for most of the world and sky-high inflation posed a "clear and present danger" to the global economy.
IMF official: Russia sanctions may 'fragment' currency market, dilute dollar's influence
Russia's invasion may have led to prolonged, heightened inflation and greater adoption of cryptocurrencies among nations.
IMF board to back Georgieva after review of data-rigging claims -sources
The International Monetary Fund's executive board will issue a statement of support for Managing Director Kristalina Georgieva after reviewing allegations she pressured World Bank staff to alter data to favor China, sources familiar with the decision said on Monday.
Senators call for 'full accountability' in World Bank data controversy
The top Democrat and Republican on the U.S. Senate Foreign Relations Committee have urged President Joe Biden to "ensure full accountability" over a World Bank data-rigging controversy that has embroiled International Monetary Fund chief Kristalina Georgieva.