IMF Vows Loan To Support Egypt’s Economy Amid Ukraine War

Fourth EstateHeadshot of Kristalina Georgieva, CEO of the World Bank - World Bank Group/ Grant Ellis

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 prices in the wake of Russia’s war in Ukraine. During …

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World Bank Says It Is Preparing $1.5 Billion Aid for Ukraine

Fourth EstateWorld Bank Logo outside building

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 Polish officials over Ukraine, Malpass said the package was approved …

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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 said on Sunday. Impacts of the sanctions imposed by the …

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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 front of the presidential palace, the Casa Rosada, demanding that …

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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 Wednesday that the government will not recognize the IMF’s office …

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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 Wednesday that the government will not recognize the IMF’s office …

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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 G20 leaders reaffirmed their “collective commitment” to provide humanitarian assistance …

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