The International Monetary Fund (IMF) has urged El Salvador to drop Bitcoin, the world’s most dominant cryptocurrency, as a legal tender over rising concerns about “financial...
The International Monetary Fund (IMF) on Thursday has predicted that COVID-19 will erode more than $12.5 trillion previously estimated from the global economy through 2024. Kristalina...
The International Monetary Fund announced on Thursday that the institution’s Chief Economist Gita Gopinath is set to take over from Geoffrey Okamoto as the No. 2...
Global financial body, the International Monetary Fund has informed the public that bitcoin constitutes a high risk to consumers. In giving this warning, the Monetary Fund...
The IMF is predicting that the pandemic has permanently lowered the path of real GDP in sub-Saharan Africa, suggesting a loss of real per capita output...
Lesotho has been struggling with the fallout from the pandemic and a sharp decline in revenues from the Southern African Customs Union (SACU); The authorities and...
The IMF is warning in its latest Global Financial Stability Report that Covid-19’s lingering impact is fading optimism among investors, which could lead to financial tightening...
The IMF is lowering its global growth projection for 2021 slightly to 5.9 percent while keeping it unchanged for 2022 at 4.9 percent. However, this modest...
The COVID-19 outbreak has led to the collapse of the tourism sector and amplified the need for significant financing to tackle the health and economic effects...
The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion (about SDR...