Browsing: finance

The country has enjoyed a rebound in consumption and an uptick in real wages, analyst Alfred Kammer has said

Finance ministers from all over the world have descended on Washington this week to compare notes and hear from IMF and World Bank experts on topics ranging from fiscal policy to global growth and helping poorer countries

The IMF lowered its 2024 growth forecast for low-income countries as a group to 4.7% from an estimate of 4.9% in January

Seizing the reserves could undermine the global financial system, according to the International Monetary Fund

RIYADH: Saudi Arabia’s finance minister on Thursday stressed the need for “decisive financial policies” across the world to navigate through uncertain economic conditions.

A move away from conducting financial transactions through Western payment systems, including SWIFT, is vital for Russia and its trading partners, the head of the country’s second-largest lender has said.

A donor conference at the United Nations’ European headquarters Tuesday afternoon aims to raise significant pledges towards the $1 billion urgently needed to cover aid for just the next three months

Honey production has also seen a notable rise, reaching 3,120 tons annually in 2023, a 41% increase compared to 2021

The IMF’s World Economic Outlook next week will highlight global growth that is marginally stronger on account of robust activity in the US and in many emerging market economies. However, there are still plenty of things to worry about, IMF chief Kristalina Georgieva said.

The IMF and World Bank, whose figures the analysis is based on, estimate the countries focused on collectively owe $431bln, mostly to wealthier governments, the IMF itself and pension and hedge funds