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IMF committee acknowledges conflicts risk but opts against joint communique

IMF committee acknowledges conflicts risk but opts against joint communique
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World-bank , District-of-columbia , United-states , Red-sea , Djibouti-general- , Djibouti , Saudi-arabia , Washington , Gaza , Israel-general- , Israel , Ukraine

Debt, fiscal challenges facing low-income countries worry IMF

WASHINGTON (Reuters) -Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday. Multiple reports from the IMF and the World Bank this week sounded the alarm about economic developments and prospects in low-income developing countries, which are still grappling with the aftermath of the COVID-19 pandemic and other shocks. The IMF lowered its 2024 growth forecast for low-income countries as a group to 4.7% from an estimate of 4.9% in January.

China , Saudi-arabia , Bulgaria , Washington , United-states , World-bank , District-of-columbia , Bulgarian , David-lawder , Kristalina-georgieva , Jay-shambaugh , Andrea-shalal

World Bank wins $11 billion in pledges to boost lending for climate, global crises

By David Lawder and Christian Kraemer WASHINGTON (Reuters) - The World Bank on Friday said that 11 countries have pledged to contribute over $11 billion to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financi...

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Debt, fiscal challenges facing low-income countries worry IMF

Debt, fiscal challenges facing low-income countries worry IMF
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Exclusive-Mexico, facing US pressure, will halt incentives to Chinese EV makers

Mexico's federal government, under pressure from the U.S., is keeping Chinese automakers at arm's length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production, three Mexican officials familiar with the matter said. The last meeting between top Mexican officials and a Chinese automaker was in January, the sources said, with executives of BYD Co - one of the world's largest electric vehicle makers by sales. At the meeting, Mexican officials made clear they would not give incentives like those awarded to automakers in the past and that officials would be putting on pause any future meetings with Chinese automakers, said the sources, who asked not to be identified.

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Exclusive-Mexico, Facing US Pressure, Will Halt Incentives to Chinese EV Makers

Exclusive-Mexico, Facing US Pressure, Will Halt Incentives to Chinese EV Makers
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IMF chief says productivity, Chinese consumer spending key to boosting global growth

International Monetary
Fund Managing Director Kristalina Georgieva bemoaned the slow
pace of global growth on Thursday, saying that Europe needed to
do more to boost productivity and China should work...
-April 18, 2024 at 11:22 am EDT
- MarketScreener

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IMF Chief Says Productivity, Chinese Consumer Spending Key to Boosting Global Growth

IMF Chief Says Productivity, Chinese Consumer Spending Key to Boosting Global Growth
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G20 economies adjusting to delays in Fed rate cut, Brazil's finance chief says

WASHINGTON, April 18 -
G20 finance ministers and central bank governors are
adjusting to expectations for a later start to U.S....
-April 18, 2024 at 02:57 pm EDT
- MarketScreener

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World Bank sets goal of expanding healthcare to 1.5 billion people by 2030

World Bank sets goal of expanding healthcare to 1.5 billion people by 2030
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