He held the ceremonial post of German president after a finance-focused career. Shortly into his second term, he became the first German president in four decades to resign.
Tag: International Monetary Fund
For Syria’s Economy, the Way Forward Starts With Sanctions Relief
Years of strife ruined the energy sector, battered the currency and strangled growth. The West must ease financial controls to help the economy, experts say.
Milei Tames Inflation in Argentina With Painful Policies, Sparking Applause and Anger
A year after becoming president, Javier Milei has been praised inside and outside Argentina for reining in galloping inflation. But his economic policies have inflicted widespread hardship.
Sri Lankan Leader’s Leftist Coalition Wins Elections
The National People’s Power won a parliamentary election that will allow the country’s new president to unroll his reform agenda, including broader welfare assistance.
Countries Weigh How to Raise Trillions for Climate Crisis at COP29
Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
The International Monetary Fund said protectionism and new trade wars could weigh on growth.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
The International Monetary Fund said protectionism and new trade wars could weigh on growth.
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.
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.
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.”