The role of the IMF as lender-of-last-resort has skyrocketed during the Covid-19 pandemic, with emergency financing and loan packages disbursed to 86 countries since the outbreak of the pandemic in March 2020.
IMF: Divergent recoveries stem from divergent policies – I
The International Monetary Fund (IMF) is responding to urgent liquidity needs in developing countries but fails to ensure systemic debt solutions or recovery without austerity.
Bangladesh overtakes India in per capita GDP, as per IMF
Bangladesh has overtaken its much-larger neighbour India in terms of per capita GDP in 2020, owing to a respectable performance on the economic front despite slowing growth coupled with a steep contraction in the India economy as a result of…
IMF predicts ‘Less severe’ but ‘still deep’ recession
October 13 – In the shadow of the COVID-19 pandemic and its continuing impact, the global economy could see a “somewhat less severe, though still deep” recession through 2020, the International Monetary Fund (IMF) has projected in its latest global…
IMF projects deeper recession, slower recovery
It revises down 2020 global economy forecast to contraction of 4.9 pct Dhaka, Xinhua/UNB, June 25 – The International Monetary Fund downgraded its outlook for the coronavirus-hit global economy, projecting a significantly deeper recession and slower recovery than it anticipated…
Decisive, collective action must to fight Covid-19: WB, IMF
1. The Development Committee met virtually on Friday, April 17, 2020. 2. Our meeting occurred at a time of unprecedented challenges due to the COVID-19 pandemic. Its devastating effects are being felt across the globe as the human and economic…
World Bank, IMF call for debt relief to poorest Countries
WASHINGTON, March 25, 2020— The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries:
The IMF leadership is not a bargaining counter
by Adam Tooze on 22nd July 2019 Adam Tooze argues that Europe must get beyond seeing the head of the IMF as part of the spoils from Bretton Woods.