A proposal advanced by the International Monetary Fund aims to supply the developing world with extra money to buy vaccines, pay down debt and expand relief programs.
Tag: International Monetary Fund
How Debt and Climate Change Pose ‘Systemic Risk’ to World Economy
With dozens of countries struggling to manage both staggering debt and mounting climate disasters, some financial leaders are calling for green debt relief.
Macron Urges World Leaders to Speed Aid to Lebanon After Explosions
The vow to accelerate help, made during a video call with other heads of state, comes amid furious demonstrations in Beirut against the Lebanese government.
Teetering Independence of Ukraine’s Central Bank Tests a Key I.M.F. Demand
The International Monetary Fund agreed to lend Ukraine $5 billion over 18 months while stressing the importance of central bank independence. Three weeks later, the central banker quit, citing political pressure.
Argentina Tries to Escape Default as It Misses Bond Payment
Despite the missed payment, its creditors have agreed to extend negotiations on restructuring $66 billion in foreign debt.
Ukraine Passes a Critical Anticorruption Bill
The Parliament approved a measure to stop insiders from siphoning aid money, but other forms of fraud persist.
Argentina Teeters on Default, Again, as Pandemic Guts Economy
Even before the coronavirus deepened Argentina’s recession, the country was on track to default on $66 billion in debt.
I.M.F. Predicts Worst Downturn Since the Great Depression
The global economy is expected to contract by 3 percent this year as quarantines and lockdowns cripple output.
Autocrats’ Quandary: You Can’t Arrest a Virus
The world’s strongmen are reverting to their standard playbook to project an aura of control. It’s a risky strategy for a chaotic crisis.
Iran, Devastated by Coronavirus, Says U.S. Sanctions Are Taking Lives
Iran, devastated by the coronavirus, is asking the U.S. to lift sanctions on humanitarian grounds. U.S. officials say sanctions aren’t to blame; Iran is.