G20 finance leaders on Wednesday endorsed a global tax deal that calls for the elimination of unilateral digital services taxes, but Italy's economy minister said it may take up to two years to eliminate the digital levy imposed by Rome.
International Monetary Fund chief Kristalina Georgieva on Wednesday distanced herself and the fund from a data-rigging scandal involving her former employer, the World Bank, but said she did not expect the saga to hamper decades of close collaboration between the two institutions.
The International Monetary Fund's executive board on Monday expressed its full confidence in Managing Director Kristalina Georgieva after reviewing allegations that she pressured World Bank staff to alter data to favor China.
Persistent supply chain disruptions and inflation pressures are constraining the global economy's recovery from the COVID-19 pandemic, the International Monetary Fund said on Tuesday as it cut growth outlooks for the United States and other major industrial powers.
A G20 initiative aimed at reducing financial strains on the world's poorest countries has led to less than a quarter of debt payments being suspended - well below expectations of what the programme would deliver, a debt campaign charity said on Tuesday.