world bank: World Bank promises ‘concessionality’ in debt restructuring

The World Bank will “provide as much concessionality to the debt treatment” for distressed economies as possible, its president told a meeting with the International Monetary Fund, India and other creditor nations on Saturday. “The World Bank is committed to providing net positive flows in a way that maximizes concessionality in the restructuring process,” David … Read more

Georgieva: The UAE brings us together to move forward together

Kristalina Georgieva, Managing Director of the International Monetary Fund, said that the UAE has always reminded us that if we want to progress, we have to come together.And she added in a tweet after her participation in the World Government Summit: “Thank you, the UAE, for bringing us together every year at the World Government … Read more

Next week’s G20 Finance Ministers’ Meeting to discuss developing country debt and crypto asset regulations | Reuters

On February 16, debt problems in developing countries and crypto-asset (virtual currency) regulations will be discussed at the G20 finance ministers and central bank governors meeting to be held from 22 to 25 in Nandi Hills, a summer resort near Bengaluru in southern India. , the slowdown of the global economy is expected to become … Read more

China to attend debt roundtable in India | Finance

China will attend the meeting at the level of Finance Minister and Governor of the People’s Bank of China. (Source: AFP/VNA) Archyde.com reported in an interview on the program 60 Minutes of the American television network CBS broadcast on February 5 (local time), CEO International Monetary Fund (IMF) Kristalina Georgieva said Finance Minister and Governor … Read more

IMF reiterates that Chile will not grow in 2023 and that more political riots would damage Latin America’s economy | Economy

The IMF also mentions that central banks should not reduce their determination to lower inflation and that fiscal policy “should emphasize social spending to support the poor while reducing public debt.” The International Monetary Fund (IMF) warned this Wednesday that the riots and political paralysis that are taking place in different regions of Latin America … Read more

[Infographics] IMF lowers growth forecast of ASEAN economies | Business

The International Monetary Fund (IMF) thinks that ASEAN’s economic growth is unlikely to reach the pace of 2022 with an increase of 5.2%, but still emphasizes the “surprising speed” when China opens up again. back the economy. Specifically, the IMF lowered the economic growth forecast for the ASEAN region in 2023 from 4.5% (given in … Read more

China’s manufacturing activity grows after 4 months of decline | Economy

Cargo port in Shandong province, China. (Photo: AFP/VNA) Official data from China’s National Bureau of Statistics (NBS) just released on January 31 showed that the country’s manufacturing activity grew in January 2023, after four consecutive months of decline. The country’s economy is recovering after easing strict restrictions due to the COVID-19 epidemic. The world’s second-largest … Read more

India Inflation: Inflation in India expected to come down to 5 pc in 2023 and 4 pc in 2024: IMF

Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the International Monetary Fund (IMF) said on Tuesday. “Inflation in India as in other countries is expected to come down from … Read more