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Tag: International Monetary Fund

World

U.S. and Europe Agree to Finalize $50 Billion Ukraine Loan Backed by Russian Assets

October 22, 2024October 22, 2024ALAN RAPPEPORTComments Off on U.S. and Europe Agree to Finalize $50 Billion Ukraine Loan Backed by Russian Assets

Treasury Secretary Janet L. Yellen said an agreement was close. She also rebuked China’s lending practices and called for more debt relief.

World

U.S. Raises New Concerns Over Chinese Lending Practices

October 1, 2024October 2, 2024ALAN RAPPEPORTComments Off on U.S. Raises New Concerns Over Chinese Lending Practices

A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.

World

What It’s Like in Egypt as Energy Crisis Prompts Early Shop Closures

September 1, 2024September 1, 2024Vivian Yee and Hadeer Mahmoud AhmedComments Off on What It’s Like in Egypt as Energy Crisis Prompts Early Shop Closures

It’s so hot in Cairo that people like to go out all night. It might look like a party, but in reality, one shopkeeper said, “everybody is dead on the inside.”

World

Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World

August 28, 2024August 28, 2024Patricia CohenComments Off on Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World

Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.

World

Ukraine Strikes Debt Restructuring Deal With Creditors

July 22, 2024CONSTANT MEHEUTComments Off on Ukraine Strikes Debt Restructuring Deal With Creditors

The deal with private bondholders will help preserve Kyiv’s limited state budget, which is crucial to fund its military. An agreement to suspend debt payments was to expire on Aug. 1.

World

Ukraine Strikes Debt Restructuring Deal With Creditors

July 22, 2024CONSTANT MEHEUTComments Off on Ukraine Strikes Debt Restructuring Deal With Creditors

The deal with private bondholders will help preserve Kyiv’s limited state budget, which is crucial to fund its military. An agreement to suspend debt payments was to expire on Aug. 1.

World

I.M.F. Sees Signs of Cooling in U.S. Economy

July 16, 2024ALAN RAPPEPORTComments Off on I.M.F. Sees Signs of Cooling in U.S. Economy

The International Monetary Fund warned that inflation remained stubbornly high and that protectionism posed a risk to the global economic outlook.

World

Scaled-Back but Determined Protests in Kenya Call for President to Resign

June 27, 2024Abdi Latif DahirComments Off on Scaled-Back but Determined Protests in Kenya Call for President to Resign

The demonstrations were held despite his withdrawal of the tax bill that sparked days of protests. Some activists, fearing more bloodshed, warned people not to march to the president’s official residence.

World

Kenya Protesters Call for President to Resign Despite His Withdrawal of the Tax Bill

June 27, 2024June 27, 2024Abdi Latif DahirComments Off on Kenya Protesters Call for President to Resign Despite His Withdrawal of the Tax Bill

The demonstrations were held despite his withdrawal of the tax bill that sparked days of protests. Some activists, fearing more bloodshed, warned people not to march to the president’s official residence.

World

U.K. Inflation Falls to 2.3%, Lowest in 3 Years

May 22, 2024May 22, 2024Eshe NelsonComments Off on U.K. Inflation Falls to 2.3%, Lowest in 3 Years

The decline, which was less than economists expected, is nearing the Bank of England’s 2 percent target.

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