Kristalina Georgieva. File
The International Monetary Fund (IMF), will raise its forecast for global economic growth in 2021 and 2022 after last year’s 3.5% contraction, but financial conditions remain highly uncertain, IMF Managing Director Kristalina Georgieva said on Tuesday.
The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is “unlikely” without a vaccine, IMF chief Kristalina Georgieva said on Wednesday.
Argentina on Saturday agreed to start consultations with the International Monetary Fund that could lead to a new financing programme, days after the global lender said the country’s debt situation had become “unsustainable”.
The Opec+ has decided in the meeting of its Joint Ministerial Monitoring Committee (JMMC) in Vienna on Wednesday to cut production by two million barrels per day. Opec+ sources said that the cut was necessitated more by lack of demand than to boost oil prices. The crude prices had dropped from $120 to $90, and the Opec+
Since World War II, 30 prime ministers have presided over the 67 governments that have marked Italy’s uniquely unstable political life. On Sept. 25, Italians elected Giorgia Meloni, leader of the far-right Brothers of Italy party, into power. Meloni will be the first woman to lead the country, but she will also be the nation’s only prime minister to
A chance to bring the continent together in the face of Russian aggression or an empty talking shop of squabbling rivals? There are major questions over the prospects — and purpose — of the,” European Political Community” summit being launched in Prague on Thursday. The one-day gathering — a brainchild of French President Emmanuel
Sprawled on rocky ground far from sea ice, a lone Canadian polar bear sits under a dazzling sun, his white fur utterly useless as camouflage. It’s mid-summer on the shores of Hudson Bay and life for the enormous male has been moving in slow motion, far from the prey that keeps him alive: seals. This is a critical time for the region’s polar bears.