WASHINGTON: The world is changing. From Covid-19 and climate change to digitalisation and diverging demographics, the IMF’s member countries are confronting new challenges. The impacts of these challenges are being felt unevenly across countries and will inevitably play out in their balance of payments, potentially undermining global economic stability. It is therefore important that the … Read more
UNITED NATIONS: The global economy is expected to bounce back this year with a growth of 5.3 per cent, the fastest in nearly five decades, according to the UN Conference on Trade and Development. In its new report released on Wednesday, the agency said that the rebound was highly uneven along regional, sectoral and income … Read more
WASHINGTON: The International Monetary Fund (IMF) announced on Monday that its new allocation of Special Drawing Rights (SDRs) equivalent to $650 billion, the largest in the IMF’s history, comes into effect, in an effort to help countries recover from the Covid-19 pandemic, Xinhua reported. “The allocation is a significant shot in the arm for the … Read more
