The International Monetary Fund said Monday that its executive board has approved a nearly $3 billion bailout program for Sri Lanka over four years to help salvage the country’s bankrupt economy. An IMF statement said about $333 million of the funding will be disbursed immediately and the approval will also open up financial support from […]
Harvard Prof., Fmr. IMF Economist Rogoff: Bank Issues Not Fixed ‘at All’ and Things Will ‘Break’ Due to High Inflation, Slow China Growth
April 4, 2023 by
On Thursdayâs broadcast of CNBCâs âSquawk Box,â Harvard University Economics Professor and former International Monetary Fund Chief Economist Ken Rogoff argued that the issues around banks have not been fixed âat allâ because in a world with higher inflation and interest rates and poor growth in China, âweâre in a situation where things are going
Trump Effect Goes International: IMF Says Global Economic Growth To Spike Thanks To Trump Tax Bill.
January 23, 2018 by
The Trump effect has gone international. The recent tax reform package has yielded immense dividends to the American economy and millions of working and middle class families. Over 150 companies have issued bonuses, increased employee investments, and announced they would boost philanthropic giving. Over two million workers have received bonuses thanks to Trumpâs tax bill. […]
IMF AND WORLD BANK MOVE TO FORESTALL OIL-LED DEFAULTS
January 30, 2016 by
Officials from the International Monetary Fund and the World Bank are heading to Azerbaijan to discuss a possible $4bn emergency loan package in what risks becoming the first of a series of bailouts stemming from the tumbling oil price. The Baku visit, which follows a currency crisis triggered by the collapse in crude, comes amid […]
IMF lowers global growth forecasts, cites U.S. weakness
July 9, 2015 by
The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. The International Monetary Fund on Thursday trimmed its forecast for global economic growth for this year to take into account the impact of recent […]