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 […]
Tag: world Bank
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 […]
IMF steering committee urges central banks to closely monitor inflation
Updated on 10/14/2021 03:40 pm The steering committee of the International Monetary Fund (IMF urged world authorities to closely monitor price dynamics, but to “look through” inflationary pressures that are transitory and will fade as economies normalize. The International Monetary and Financial Committee (IMFC), made up of 24 finance ministers and central bank governors of […]
IMF and G20 concerned about product shortages and inflation
Leaders of industrialized countries pledged in Washington to address logistics problems caused by the pandemic, which are driving up prices and slowing global growth. Global supply chain bottlenecks are a central theme at the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB), as well as in the appointments of the […]
IMF predicts prolonged global inflation if vaccination is not accelerated
The International Monetary Fund (IMF) continues to consider that global inflation will be “transitory” but admits that it could be prolonged if global access to vaccines is not accelerated, said its managing director. Kristalina Georgieva. At the start of the annual meeting of the IMF and the World Bank (WB)Georgieva commented on growing concern about […]
Georgieva claims credibility problems are at the World Bank
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, defended the “credibility” of the body he directs by ensuring that the “problems” in this regard are in the World Bank (WB). Georgieva thus responded, at the opening press conference of the IMF and WB annual meeting, to questions about the audit that revealed […]