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international / economics and finance / press release Friday May 21, 2021 15:08 by Zachary Conti
As worldwide COVID cases peak, IMF chief Kristalina Georgieva unveiled a $50 billion proposal to support vaccinations of 60% of the world's population. During a G20 and European Commission summit, Georgieva argued the global vaccine investment would end the pandemic and spur $9 trillion in economic gains by 2025. read full story / add a comment
international / politics / elections / press release Tuesday May 11, 2021 17:01 by Zachary Conti
On Monday, the International Monetary Fund approved a plan to pay for Sudan's debt owed to the financial institution. Using grants and internal resources, IMF leadership agreed to clear $1.3 billion in missed debt payments or arrears. read full story / add a comment
international / politics / elections / press release Friday May 07, 2021 19:23 by Zachary Conti
international / economics and finance / press release Friday April 23, 2021 19:43 by Zachary Conti
The United Nations convened on COVID response and development needs for vulnerable, small island and landlocked countries. The President of the Economic and Social Council, Pakistan Ambassador Munir Akram organized the high-level event to focus on countries struggling with specific disadvantages from the crisis. read full story / add a comment
international / economics and finance / press release Thursday April 22, 2021 22:35 by Zachary Conti
Financial decisions play a critical role in solving climate change, advocated Treasury Secretary Yellen during a US-hosted climate summit. More than 40 world leaders are attending the two-day virtual gathering convened by President Biden. Biden announced a new US target to halve fossil fuel emissions by 2030 and eliminate them by 2050. read full story / add a comment
international / economics and finance / press release Friday April 09, 2021 17:49 by Zachary Conti
The Development Committee, a ministerial-level consensus building and policymaking body for the World Bank and the IMF, met as part of the Spring IMF and World Bank Meetings. read full story / add a comment
international / economics and finance / press release Tuesday April 06, 2021 17:49 by Zachary Conti
 1 comment (last - wednesday april 07, 2021 16:01)
The IMF warns that rising US interest rates could impact the ability of developing countries to pay debt, leading to prolonged economic crisis. The warning comes ahead of IMF, G20 and World Bank meetings, with the Fund's release of the Global Financial Stability Report. read full story / add a comment
international / economics and finance / press release Tuesday April 06, 2021 15:08 by Zachary Conti
"The pandemic will reverse the progress made since the 1990s in reducing global poverty and will increase inequality," states the IMF in its flagship World Economic Outlook report. read full story / add a comment
international / politics / elections / press release Monday April 05, 2021 17:12 by Zachary Conti
The IMF Executive Board extended a process to cancel debt payments for the world's 28 poorest countries. read full story / add a comment
international / economics and finance / press release Friday April 02, 2021 15:06 by Zachary Conti
Treasury notified Congress of its support for $650 billion in IMF global reserves, also known as Special Drawing Rights (SDRs), to assist developing countries struggling with the coronavirus crisis. US law requires a ninety-day advance alert to Congress before the US votes for SDRs with the IMF board. read full story / add a comment
international / economics and finance / press release Tuesday March 30, 2021 16:16 by Zachary Conti
International Monetary Fund head Kristalina Georgieva warned of an uncertain global recovery as the world struggles with the COVID spurred economic crisis. The IMF Managing Director stated concern that average incomes in developing countries faced drops of 20% and 11% in advanced economies. "This loss of income means millions of people will face destitution, homelessness, and hunger," reported Georgieva during her curtain raiser speech ahead of the Spring IMF and World Bank meetings. read full story / add a comment
international / politics / elections / press release Wednesday March 24, 2021 14:22 by Zachary Conti
The International Monetary Fund announced $650 billion in emergency reserve funds are needed to confront the global coronavirus health and economic crisis. read full story / add a comment
national / politics / elections / press release Wednesday March 10, 2021 20:49 by Zachory Conti
Congress passed a $1.9 trillion stimulus package that includes Puerto Rico anti-poverty measures and $900 million of increased food aid through the Nutrition Assistance Program. read full story / add a comment
international / politics / elections / press release Friday March 05, 2021 21:36 by Zachary Conti
Pope Francis kicks off a 3-day Iraq tour and meetings with Muslim leaders, government officials and representatives of the country's dwindling Christian population. read full story / add a comment
international / economics and finance / press release Friday February 26, 2021 21:19 by Zachary Conti
G20 finance ministers met Friday to discuss global coronavirus response. The group endorsed continuing stimulus plans in wealthy countries and supporting plans to increase aid and vaccine access for developing countries. read full story / add a comment
international / economics and finance / press release Thursday February 25, 2021 21:11 by Zachary Conti
A UN experts report offers 14 recommendations to stop the loss of trillions in public revenues. The UN group argues that money lost to transnational crime, corruption and tax avoidance could be used to address the pandemic, poverty and climate change. read full story / add a comment
international / politics / elections / press release Thursday February 25, 2021 16:57 by Zachary Conti
In a letter to the G20, Treasury Secretary Janet Yellen expressed support for the G20 to determine a process for how global reserve funds (Special Drawing Rights) could be deployed to help low-income countries. read full story / add a comment
international / economics and finance / press release Wednesday February 24, 2021 21:27 by Zachary Conti
More than 215 organizations sent a letter to the G20 and IMF to issue $3 trillion in global reserves, known as Special Drawing Rights (SDRs). Spanning the globe, the signers argue that SDRs will help countries suffering from the coronavirus crisis and, "send a strong signal of renewed multilateral coordination..." read full story / add a comment
international / politics / elections / press release Tuesday February 23, 2021 22:23 by Zachary Conti
1 comment (last - thursday february 25, 2021 11:52)
The Biden Administration should support the release of $3 trillion in global reserve funds to support developing countries confront the COVID pandemic, say the US Catholic Bishops and Jubilee USA Network in a letter to President Biden. read full story / add a comment
international / politics / elections / press release Friday February 19, 2021 17:28 by Zachary Conti
1 comment (last - monday february 22, 2021 08:46)
G7 presidents and prime ministers, hosted by the United Kingdom, met virtually on coronavirus recovery plans. The G7 Summit focused on vaccine access, debt relief, curbing tax avoidance and climate change. President Biden pledged $4 billion to bring vaccines to poor countries at his first international summit. read full story / add a comment |
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