International Monetary Fund Stories
Venezuela nurses turn to side jobs to survive economic crisis
Edgar Fernandez keeps a mariachi suit in a rusty wardrobe at the public hospital in Caracas where he works as a nurse, donning it for performances that augment his meager salary.Given that he earns just $10 a month, the money from these shows has been his salvation in crisis-wracked Venezuela, where nurses have been forced to reinvent themselves as home entrepreneurs, security guards or builders just to survive.
If G7 Are Serious About Tackling Inequality They Should Implement Our Global Tax Framework
A fundamental driver of inequality is the race to the bottom in how governments set their corporate tax rates.
IMF board recommends rule change that would clear way for Georgieva
Kristalina Georgieva, the EU's candidate to serve as IMF managing director, turned 66 on August 13, 2019, making her just a few days too old to lead the organization according to rules in place since 1951
IMF says sending team to Argentina 'soon'
Argentina's newly appointed Economy Minister Hernan Lacunza has pledged to stabilize the country's currency
Infographic: US Labels China A Currency Manipulator
This chart shows the countries which the U.S. has designated as a currency manipulator and those which it is monitoring as of August 5, 2019.
How Meghan Markle's Birthday Turned Into The 'Scariest Moment In Her Life'
One of Meghan Markle's birthdays turned out to be the "scariest moment in her life" according to a royal biographer.
Infographic: US Dollar Continues To Dominate Global Reserves
This chart shows the currency composition of worldwide foreign exchange reserves.
Infographic: IMF Expects Global Growth To Remain Sluggish In 2019
This chart shows IMF growth projections for the global economy as of July 2019.
The ‘Yield Curve’ Is One Of The Most Accurate Predictors Of A Future Recession – And It’s Flashing Warning Sign
The latest data is not promising – central banks must react accordingly.
Christine Lagarde Is Next European Central Bank President
Christine Lagarde moves to a whole new world as president of the European Central Bank.
Argentina Strike Paralyzes Economy Ahead Of October Elections
The powerful Argentinian CGT umbrella union has grounded flights and disrupted work at key grain ports across the country in response to austerity measures taken by President Mauricio Macri.
US Importers, Consumers Are 'Unequivocally The Losers' In Trump’s China Tariffs, Says IMF
American consumers and importers are the biggest losers in Trump's trade war vs. China, asserts the IMF.
UK Economy Took A 3% Hit From Brexit Uncertainty: S&P Global Ratings
Senior economist Boris Glass said the U.K. economy has foregone economic activity of £6.6 billion in each of the 10 quarters since the 2016 referendum.
US Stocks Are Undervalued, May Rally By Year End: Hugh Johnson
Investment strategist Hugh Johnson told International Business Times that the stocks are undervalued and the S&P could close the year higher than current levels.
US To Seek Currency Chapters In Trade Talks With Japan, Others: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Saturday that Washington wants to include a provision to deter currency manipulation in future trade deals, including with Japan, based on the currency chapter in the new deal to revamp NAFTA.
IMF Warns Trade Friction, Market Turmoil To Hurt Asian Growth
Sustained trade tensions could slash Asia's economic growth by up to 0.9 percentage point in coming years, the International Monetary Fund said, urging policymakers in the region to liberalize markets to offset the fall in export sales.
China's September Export Growth Tops Forecasts, Surplus With US Record High
China reported on Friday an unexpected acceleration in export growth in September and a record trade surplus with the United States, which could exacerbate an already-heated dispute between Beijing and Washington.
Global Financial Stability Risks Rising With Trade Tensions, IMF Says
Risks to the global financial system have risen over the past six months and could increase sharply if pressures in emerging markets escalate or global trade relations deteriorate further, the International Monetary Fund said Wednesday.
IMF Cuts World Economic Growth Forecasts On Tariff War, Emerging Market Strains
IMF cut its global economic growth forecasts for 2018 and 2019, saying the U.S-China trade war was taking a toll and emerging markets were struggling with tighter liquidity and capital outflows.
Argentine Peso Strengthens On Optimism Over IMF Talks
The Argentine peso rose 4.43 percent on Thursday, and investors cited optimism that the recession-hit country will strike a new standby financing agreement with the International Monetary Fund aimed at guaranteeing government solvency.
Argentina's President's Bid To Calm Markets Backfires, Peso Plummets
Two-minute televised speech by President Mauricio Macri condemned for spreading more unease about the parlous state of the Argentine economy.
Treasury Secretary Steven Mnuchin May Visit China As Trade Tensions Simmer
The U.S. has threatened to impose tariffs on up to $150 billion of Chinese imports to try to force changes in Beijing's industrial policies.
Donald Trump Lies? NYC Business Deals' Income Reportedly Falls Short Of $21M He Claimed In 2016
The president may have intentionally misrepresented exactly how much money he earned.
Who Is Lenin Moreno? Ecuador’s Ruling Party Presidential Candidate Leads In Election, But Runoff Likely
With 78.4 percent of the votes counted, Lenin Moreno led with 38.83 percent against right-winger Guillermo Lasso’s 28.63 percent.
Venezuela Crisis: Minimum Wage Increased 50 Percent As Inflation Continues To Soar
Venezuela’s President Nicolas Maduro has increased the country’s minimum wage for the fifth time in a year.
Who Is Christine Lagarde? 6 Things To Know About The IMF Chief Found Guilty Of Negligence
Despite her conviction, Christine Lagarde will remain head of the IMF.
Venezuela Crisis: Bitcoin Seen As More Stable Alternative Amid Surge In Inflation, Banknote Chaos
Amid the country’s growing economic crisis, Venezuelans are increasingly using digital currency bitcoin.
Ghana Elections 2016: Polls, Candidates, Issues And Explainer Ahead Of Vote For President
Incumbent John Dramani Mahama will again face off against Nana Akufo-Addo in Ghana’s presidential election Wednesday.
Oil Prices 2016: How Are Oil Prices Affecting The Economy In The Middle East? IMF Revises Growth Forecasts For Saudi Arabia, Iran
With low oil prices slowing Gulf states' economies, the IMF revised its projections for growth in Saudi Arabia and Iran, predicting challenges ahead for major oil industry juggernauts.
China's Yuan Joins Elite Club Of IMF Reserve Currencies
The yuan joins the U.S. dollar, the euro, the yen and British pound in the special drawing rights basket, which determines currencies that countries can receive as part of IMF loans.