The economy of Latin America and the Caribbean may take “more than five years” to regain pre-pandemic levels, which have substantially increased poverty and left an “increasingly precarious situation for the middle class,” said the International Monetary Fund (IMF). The acting director of the IMF’s Western Hemisphere Department, Nigel Chalk, commented today on the regional […]
Tag: IMF
IMF sees tighter monetary policy in Latin America even as economies struggle
Interest rate increases would continue in Latin America as the region reacts to inflationary pressures, even as economies are operating below their potential, said the International Monetary Fund (IMF). “These interest rate hikes are likely to continue in many countries in the coming months, and if there are signs that inflation expectations are less well […]
IMF Chief Economist Gita Gopinath will step down in January 2022
The chief economist of the International Monetary Fund (IMF), Gita Gopinath, will leave her position in the multilateral organization in January 2022 to return to the Department of Economics at Harvard University. This was announced by the managing director of the IMF, Kristalina Georgieva, in a statement in which she thanked Gopinath’s contribution during her […]
IMF cuts Asia growth forecast, warns of supply chain risks
Updated on 10/19/2021 09:09 am The International Monetary Fund (IMF) cut Asia’s economic growth forecasts for this year, warning that a new wave of COVID-19 virus infections, supply chain disruptions and inflationary pressures pose downside risks. . The Chinese economy will grow 8% this year and 5.6% in 2022, but the recovery is still “unbalanced”As […]
China faces challenges from “mismanagement” of some companies, says central bank chief
The Chinese economy “is doing well” but faces challenges such as the risk of default by certain companies due to “mismanagement”, said the governor of the People’s Bank of China (BPC), Yi Gang. In recent weeks, concern has grown about the possible collapse of the Chinese property developer Evergrande Group , which has more than […]
Who finances the fight against the climate crisis? All and none
Governments, companies and multilateral organizations must finance the fight against the climate crisis, although there is a lack of concreteness, as was clear last Thursday at the forum “Making climate action count”, organized by the World Bank (WB). A few weeks before the climate conference starts in November COP26 in Glasgow (the United Kingdom), the […]
Doing Business: World Bank and IMF panel calls for measures to ensure data integrity
Updated on 10/15/2021 01:25 pm The World Bank Development Committee (BM) and the International Monetary Fund (IMF) urged the bank to take further steps to “ensure the integrity and credibility of the data,” in the wake of an information manipulation scandal involving its now-canceled “Doing Business” report and IMF Managing Director Kristalina Georgieva. The panel, […]
Tough decisions ahead for finance chiefs and their climate promises
In the main speeches and communiqués of the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB) This week in Washington, one word was ubiquitous: weather. Two weeks from the summit of climate change COP26 from Glasgow, the hierarchs pledged to take action to meet global climate goals of keeping temperature […]
The IMF should not be more democratic
Tyler Cowen This is “IMF week,” when diplomats, board members, economists, and many others related to the IMF International Monetary Fund they meet to discuss business. On top of that, there has been controversy surrounding the former role of the fund’s top official, Kristalina Georgieva, in monitoring the World Bank’s Doing Business Index. Therefore, questions […]
Scandal could affect confidence in IMF, World Bank: Yellen
Updated on 10/15/2021 03:47 am The Secretary of the Treasury of USA, Janet Yellen, warned that a scandal surrounding the credibility of a ranking of countries on their business climate could damage confidence in the International Monetary Fund and the world Bank unless institutions take strong measures to prevent malpractices and support whistleblowers. Yellen also […]