Search result for: "IMF"

WASHINGTON, US:The leaders of the world’s largest economies will gather this weekend in New Delhi, India, for the G20 summit. The meeting comes at a complex time for the grouping, which is one of the rare venues where Russian, Chinese, American and European leaders have to rub shoulders each year.

SACRAMENTO, US:With dozens of the member countries of the Belt and Road Initiative (BRI) club pushing to renegotiate their loans from China, the BRI is rightly said to have become a project of debt collection rather than one characterized by Beijing’s ‘win-win’ formula of mutual development. 

NEW YORK, U.S.-The International Monetary Fund (IMF) forecast in their latest World Economic Outlook published on Tuesday, that global growth will bottom out at 2.8 percent this year before rising modestly to around three percent in 2024, representing a 0.1 per cent fall on its January projections.

MICHIGAN, U.S.-The celebration of the beginning of the New Year will be brief. The old year has passed into history, but its crises persist and will intensify. As 2023 begins, the COVID-19 pandemic is entering its fourth year with no end in sight. The US-NATO war against Russia continues to escalate. 

MICHIGAN, U.S.--The World Bank report on the growth of global poverty released earlier this week presents a graphic picture of the devastating impact of the COVID-19 pandemic on hundreds of millions of people in the world’s poorer countries, now being exacerbated by rising inflation and the shift of the world economy into recession.

Law minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar has been in the news a lot recently but unlike many other politicians who are the subject of media coverage

HONG KONG, China--President Ranil Wickremesinghe is confident a multi-billion-dollar bailout by the International Monetary Fund (IMF) will enable Sri Lanka to have a functioning economy by 2024 but that’s cold comfort and a long way off for the millions of people left stranded with few prospects.

KUALA LUMPUR, Malaysia--Tindakan Barat (collective West) tentang pembekukan cadangan devisa Rusia menjadi pancuran air dingin bagi kebanyakan negara di seluruh dunia. 

NEW YORK, U.S.--On May 12, India confirmed that it would provide a desperate Sri Lankan government 65,000 metric tons of urea, pursuant to an existing $1 billion credit line. The sale, which overrides New Delhi's ban on the exports of the commodity, relieves severe pressure on the government of Sri Lankan President Gotabaya Rajapaksa.

MANILLA, Philippines--Financial crises have a domino effect. A seemingly small event in one country can have far-reaching consequences around the world. We’ve seen it in the 1997’s Asian Financial Crisis and again in the global financial crisis of 2009.

BANGKOK, Thailand--When Malaysia faced the Asian economic crisis back in 1997, the then Prime Minister Dr. Mahathir Mohamed called on his old friend Tun Daim Zainuddin to head the National Economic Action Council (NEAC) set up under the Economic Planning Unit (EPU) to find a solution through the National Economic Recovery Plan (NERP).