The global economy is expected to contract by 3 percent this year as quarantines and lockdowns cripple output.
Tag: International Monetary Fund
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.
Oil Prices Crash, Virus Hits, Commerce Stops: Iraq Is in Trouble.
Iraq depends on oil revenues, which have plummeted. The country is so desperate it is asking for donations to help it weather the pandemic.
Lebanon Will Default on Foreign Debt Payment Amid Deepening Economic Crisis
The decision will appease protesters who have clamored for the government to prioritize domestic concerns. But it does little to solve the nation’s financial woes.
Ukrainian Political Shake-up Involves Figures in U.S. Impeachment
A personnel shuffle by President Volodymyr Zelensky could be felt in United States politics, but appears to stem from a domestic dispute between the government and a controversial oligarch.
Ukraine’s President Said He’d Fight Corruption. Resistance Is Fierce.
For Volodymyr Zelensky, taking on the oligarchs and organized crime is a domestic test with geopolitical consequences.
A Ukrainian Billionaire Fought Russia. Now He’s Ready to Embrace It.
Ihor Kolomoisky may be Ukraine’s most powerful businessman. With the impeachment spectacle rattling Kiev, he says it is time to give up on the West and rebuild ties with Moscow.
Pocketbook Woes Drive an Unlikely Comeback in Argentine Presidential Race
President Mauricio Macri rose to office with a promise that free markets would wrest Argentina from its boom-and-bust cycle. But with the country in recession, voters may now turn to an archrival.
Deal Struck in Ecuador to Cancel Austerity Package and End Protests
Under the agreement, the president pledged to withdraw from an I.M.F.-backed program that raised fuel prices, and Indigenous leaders agreed to call off more protests.