WTO Reaches Worldwide Trade Agreements
In a series of compromise pledges, the World Trade Organization agreed on the first reform to global trading rules in years on Friday, as well as a deal to enhance … Read more
International economic institution
China’s Foreign Minister Visits Tonga after Pacific Islands Delay Security Pact
China’s Foreign Minister Wang Yi arrived in Tonga on Tuesday for a regional tour after ten island nations deferred consideration to China’s proposed sweeping agreement on policing, security, fisheries, data, … Read more
G7 Ministers Pledge $24B for Ukraine
G7 finance ministers pledged $24 billion for Ukraine, in addition to its more than $60 billion economic support to the country from 2014 to 2021. The G7 Finance Ministers and … Read more
IMF Vows Loan To Support Egypt’s Economy Amid Ukraine War
International Monetary Fund (IMF) Managing Director Kristalina Georgiev said Wednesday that the anticipated loan program for Egypt is to support the country’s social protection system amid rising food and energy … Read more
World Bank Says It Is Preparing $1.5 Billion Aid for Ukraine
The World Bank is preparing $1.5 billion for its next financial assistance package to war-torn Ukraine, World Bank President David Malpass said on Tuesday. Speaking in Warsaw after talks with … Read more
Russian Default on Debts No Longer ‘Improbable’: IMF Head
The International Monetary Fund (IMF) sees that a Russian default on its debts has become more than likely, but would not trigger a global financial crisis, the international lender’s head … Read more
Protesters March Against Argentina’s Debt Deal with IMF
Protesters in Argentina marched in Buenos Aires on Tuesday to denounce the government’s recent debt repayment deal with the International Monetary Fund (IMF). Activists from 200 different associations gathered in … Read more
Singapore Donates S$7.9m Medical Supplies to ASEAN Reserve
Prime Minister Lee Hsien Loong announced at the 38th Southeast Asian Nations (ASEAN) Summit on Oct. 26 that Singapore will contribute S$7.9 million ($5.9 million) worth of medical supplies to … Read more
Brazil Kicks IMF Representative Over Estimate Complaints
Brazil’s government is kicking out the International Monetary Fund’s representative to the country over complaints that the institution’s economic forecasts have been consistently inaccurate. Economy Minister Paulo Guedes said on … Read more
G20 Leaders Pledge to Distribute Aid to Afghanistan to Avert Humanitarian Crisis
Leaders of the Group of 20 (G20) major economic powers pledged to distribute aid to Taliban-led Afghanistan to avert a humanitarian crisis. During a virtual summit on Oct. 12, the … Read more