Apr 16, 2024 · IMF loans are often accompanied by mandated economic reforms. These conditions can include controversial adjustments like fiscal austerity measures, privatization and interest rate hikes. Many of the mandated reforms have been criticized, with detractors arguing that the conditions can harm the public and are not fair to developing countries.

May 14, 2024 · The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests.

(2) Equally important, the IMF failed to prioritise a strategy for Greece to regain competitiveness. The programme initially made a correct diagnosis of Greece’s major competitiveness problem. The problem was a result of the pre-crisis Ponzi scheme with ever-increasing deficits financing higher public salaries and rising pensions.

Oct 17, 2023 · Sub-Saharan Africa has been offered a seat on the IMF's executive board, underscoring the continent's growing importance. It is expected that the World Bank will follow suit. Natural resources and a young population make Africa a promising player in the global economy, but it is underrepresented in decisions regarding IMF and World Bank funding.

Oct 25, 2024 · The IMF recently raised Brazil’s growth forecast for this year to 3.0%, marking the largest upward revision among major economies. The Bank of Canada cut its key benchmark rate by 50 basis points to 3.75% on Wednesday, its first larger-than-usual move in over four years, reports Al Jazeera.

Jan 20, 2023 · Speaking at Davos 2023, IMF boss Kristalina Georgieva urged financial authorities to remain realistic about the coming year. “Stay put. My message is it is less bad than we feared a couple of months ago — but less bad doesn't quite yet mean good." Risks remain, she said, at the Global Economic Outlook session at Davos 2023.

May 15, 2024 · The IMF's report urges financial firms to boolster their cybersecurity capacity through efforts such as stress testing and information-sharing arrangements, among other recommendations. Moreover, the IMF calls on authorities to develop appropriate and adequate national cybersecurity strategies that are accompanied by regulatory frameworks.

Oct 21, 2024 · The upcoming IMF and World Bank meetings provide a crucial platform for leaders to address pressing global economic challenges. Despite signs of optimism, fragile economic growth remains hampered by inflation, high debt and political uncertainty.

Dec 11, 2024 · The global economy was front and centre in 2024, as leaders grappled with the lingering impacts of inflation, explored changes to monetary policy and how to ensure growth in the Intelligent Age.

Nov 10, 2023 · However, the IMF also warns of slower growth next year, projecting that China's GDP will expand by 4.6% in 2024 – up from a 4.2% forecast in October – due to weakness in the property sector and subdued export demand.