High inflation, food insecurity and a possible global recession loom large as the Group of 20 summit discussions begin.
Tag: International Monetary Fund
At COP27, Plans to Overhaul the IMF and World Bank Gain Traction
As global warming delivers cascading weather disasters, leaders at U.N. climate talks say it’s time to radically overhaul the World Bank and International Monetary Fund.
With Economy Reeling From Ukraine War, Egypt Secures $3 Billion I.M.F. Loan
The local currency had tumbled against the dollar, and food and energy prices soared in the wake of Russia’s February invasion of Ukraine, adding to the struggles of millions of Egyptians.
20 Nations at High Risk From Global Warming Might Halt Debt Payments
The countries want their collective $685 billion in debts forgiven so the money can be invested in climate projects.
Lessons From Liz Truss’s Handling of U.K. Inflation
The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.
Amid Turmoil, Can Truss Afford to Hold on to Tax-Cutting Plan?
Prime Minister Liz Truss and her chancellor of the Exchequer, Kwasi Kwarteng, say they are holding steady on their plans, but experts believe concessions are inevitable.
Egypt’s New Administrative Capital Rises, but at What Price?
It is the grandest in a slew of megaprojects spearheaded by the president. But as the country limps through a dire economic crisis, there are doubts about whether it can afford his grandiose dreams.
Britain’s Gamble on Tax Cuts has Economists Warning of Past Mistakes
Liz Truss, Britain’s new prime minister, defended her plan in the face of stiff criticism from the International Monetary Fund and others.
Zambia and Its New President Are Still on Their Honeymoon
Hakainde Hichilema is hailed as a miracle worker for turning around the fortunes of the southern African country. But with his opposition neutralized and a corruption drive focused on his predecessors, some are uneasy.
Debt-Stricken Sri Lanka Reaches Initial Deal for I.M.F. Bailout
The package includes nearly $3 billion in loans for an island nation that ousted its president amid a devastating economic crisis.