In an interview aired on 1st January, the International Monetary Fund Managing Director stated, “we expect one-third of the global economy to be in recession.” Kristalina Georgieva told this while spe...
Tag: IMF
IMF Chief Warns of Sluggish Global Economy in 2023
The conflict in Ukraine has had a devastating impact on the European Union. She also predicted that China’s growth will decline much lower this year. In an interview broadcast on CBS on Sunday, Krista...
IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China
– Advertisement – The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowin...
IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China – Economics Bitcoin News
The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We exp...
IMF Approves $3 Billion Egypt Loan to Support Ailing Economy
(Bloomberg) — The International Monetary Fund approved a $3 billion loan for Egypt that will offer some relief to an economy grappling with the fallout of Russia’s invasion of Ukraine. Most Read...
Ghanaian Cedi Appreciates by More Than 30% in 4 Days — Currency Recovery Follows IMF Loan Announcement – Economics Bitcoin News
Just a few months after it became the world’s worst-performing currency, the Ghanaian cedi’s exchange rate versus the U.S. dollar bounced back from just over 14 units per dollar on Dec. 1, to 8 units ...
The Federal Reserve’s Demented ‘Dual Mandate’
Even though most adults today have lived all their lives within the floating fiat monetary system that emerged, accidentally, in August 1971, many today still probably find it rather strange that we s...
Africa Needs More Strict Crypto Regulations, IMF Suggests
Recently prominent global institution International Monetary Fund (IMF) reported calls for more regulation of crypto markets within Africa. Noteworthy is that the African region is among the one of th...
As crypto grows across Africa, IMF asks for greater regulation
According to a blog post published by a worldwide organization on November 22nd, the International Monetary Fund (IMF) is advocating for more regulation of crypto exchanges in Africa, which is one of ...
IMF calls for tighter crypto regulation in Africa as the industry unfolds
The International Monetary Fund (IMF) is calling for increased regulation of Africa’s crypto markets, one of the fastest-growing markets in the world, the global institution blog reported on Nov...
IMF seeks to prevent crypto growth in Africa
The IMF has called for tighter crypto regulations in Africa in order to stunt any further growth on the continent. The International Monetary Fund (IMF) is using the FTX collapse to its best advantage...
IMF Says Africa’s Crypto Scene Needs Better Regulation As Adoption Surges
– Advertisement – The IMF has identified the need for better regulatory efforts for the massively-growing cryptocurrency industry in Africa. The International Monetary Fund (IMF) recently ...
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission – Economics Bitcoin News
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluat...
Inside Egypt’s New Deal With The IMF — Can It Put A Stop To Egypt’s Debt Crisis?
| GIZA, EGYPT Getty Images Key Takeaways Since the Arab Spring in 2010, the Egyptian economy has been under pressure from a variety of sociopolitical forces. Egypt and the IMF agreed to a 46-month fin...
Middle East And Central Asia Face Renewable Energy Bill Of Up To $884 Billion, Says IMF
Solar panels with sunset and blue sky background. Clean power energy concept getty Countries in the Middle East and Central Asia may have to spend $884 billion on developing renewable energy plants be...
Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition – Emerging Markets Bitcoin News
After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparen...
Does the IMF have a vendetta against cryptocurrencies?
Is the International Monetary Fund (IMF) really hostile to crypto? Many in the cryptocurrency and blockchain space think so. In January, the fund asked El Salvador to drop Bitcoin (BTC) as legal tende...
Billionaire Says Britain May Be Forced to Seek Bailout From IMF if It Does Not Renegotiate Brexit Deal – Economics Bitcoin News
British billionaire investor Guy Hands has reckoned that Britain will become “the sick man of Europe” and may be forced to seek a bailout from the International Monetary Fund (IMF) if it does not rene...
IMF deputy managing director’s opinion on CBDC
It is well-known that the IMF’s relationship with the digital asset industry has been quite love-hate. CBDCs are issued by central banks and recorded as central bank liabilities, in contrast to crypto...
IMF Touts Programmable and Controllable CBDC for ‘Financial Inclusion’
The International Monetary Fund (IMF) has touted central bank digital currencies (CBDC) as a path to financial inclusion, but there could be more sinister control and surveillance implications. Speaki...
IMF Deputy Director Annie-Marie Gulde: Growing debt a challenge for Asian economies
The International Monetary Fund has cautioned that capital flight and growing debt will be Asia’s leading economic concerns next year as interest rates keep rising. Also, the IMF cut its outlook for t...
Will Bitcoin Tank If A Recession Hits, IMF Issues Warning
The crypto market has been showing signs of decline recently as prices of Bitcoin and other crypto assets keep dropping. With the hikes in interest rates from most of the global central banks, the glo...
IMF Reduces Expectations of Global Economic Growth for 2023, Alarms for Recession
Recently the International Monetary Fund came up with a crucial insight which is sufficient to put the market into distress. The IMF expected a slump in the growth of the global economy for the upcomi...
Further 20% fall in U.S. stocks ‘certainly possible’: IMF director
A shift in investor sentiment could see a further 20% downside for U.S. stock markets, according to the International Monetary Fund’s director of monetary and capital markets. IMF research found...
IMF Warns of Bad Recession, Could BTC Go On Sale? (Opinion)
The IMF downgraded its projections for the global economy Tuesday, warning in stark terms: “The worst is yet to come, and for many people, 2023 will feel like a recession.” As the old joke goes: “A re...
IMF Cuts Economic Outlook And Warns Global Inflation Still Hasn’t Peaked
Topline The International Monetary Fund on Tuesday downgraded its forecast for the global economy next year and warned inflation will be worse than previously expected due largely to the ongoing disru...
Danger of $4 Trillion Hole in World Outlook Haunts IMF: Eco Week
(Bloomberg) — Global finance chiefs gather in Washington in the coming days with the warning of a possible $4 trillion loss in the world’s economic output ringing in their ears. Most Read from B...
Bank Of England Quells Market Chaos After U.K. Government Spooks Investors
Topline The Bank of England took steps to calm roiling markets on Wednesday as leading financial institutions continue to castigate the British government for tax cuts they claim could worsen inequali...
Is the IMF fit to be advising on crypto regulation?
The International Monetary Fund’s new report talks of imposing “targeted restrictions” on crypto assets until the regulatory capacity can be built out to cope with them. Even while admitting that some...
Pound Sinks Again As IMF And Moody’s Rebuke U.K. Tax Cuts
Topline London stocks and the British pound both fell Wednesday morning—after the International Monetary Fund (IMF) and credit ratings agency Moody’s rebuked the U.K. government over planned tax cuts ...
The IMF’s Monumental Malpractice
ATHENS, GREECE – MAY 31, 2011: Protestors at a demonstration in Athens, Greece. The Greek government is trying to implement a further round of severe austerity measures after EU finance official...