Jet-setting global bureaucrats can join an exclusive five-star country club outside Washington without coughing up a dime — all part of lavish perks that are effectively subsidized by the US government, The Post has learned. Staffers at the International Monetary Fund and the World Bank raking in six-figure, tax-free salaries at both global bodies qualify … Read more
New Delhi: Finance minister Nirmala Sitharaman has said India is well positioned to capitalise on new growth opportunities despite the challenging global economic environment and hopes to emerge as a key partner for many countries seeking to diversify their supply chains. The future of global economic growth will be shaped by strategic partnerships instead of … Read more
WASHINGTON: The International Monetary Fund on Monday (Sep 30) said Bangladesh’s quick formation of an interim government has helped stabilise the country, and that the country’s new authorities have helped address the economy even as challenges remain. The IMF staff’s review, following a Sep 24-30 staff visit, also backed Bangladesh authorities’ efforts to make economic … Read more
IMF Managing Director Kristalina Georgieva arrives at a briefing in Washington, D.C., on Friday, April 19, 2024. Bloomberg | Bloomberg | Getty Images The head of the International Monetary Fund on Thursday called on Europe to achieve the full potential of its prized single market, lamenting what she described as a situation that makes the … Read more
However, Kim Il-sung was the leader of North Korea but his authority was given by [Joseph] Stalin, so generally North Korea still followed the Soviet Union. After China-Soviet relations soured, Mao took a very important step, which was to withdraw all the People’s Volunteer Army forces stationed in North Korea. This meant that China would … Read more
Melinda French Gates said on Monday she is stepping down as co-chair of the Bill & Melinda Gates Foundation. Her last day of work at the foundation will be June 7, according to a post on X. Billionaire benefactors Bill and Melinda Gates, co-founders of one of the world’s largest private charitable foundations, filed for … Read more
The story so far: The International Monetary Fund (IMF) released the latest global financial stability report on Tuesday warning about the risks to the global financial system from persistent high inflation, rising lending in the unregulated credit market, and increasing cyber-attacks on financial institutions. What is the IMF’s worry about inflation? The IMF has flagged … Read more
The International Monetary Fund (IMF) logo. File. | Photo Credit: Reuters The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on April 18. “We hope an agreement consistent with the parameters of … Read more
A pedestrian walks past the TATA pop up store with a poster reading ‘The Future is AI’ ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Sunday, Jan. 14, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from January 15 to 19. Photographer: Hollie Adams/Bloomberg via Getty Images … Read more
The IMF’s Directors had recommended “ambitious medium-term consolidation efforts given (India’s) elevated public debt levels and contingent liability risks”. | Photo Credit: Reuters The Union Finance Ministry on Friday sought to dispel “certain” factually incorrect “presumptions” being made about India’s indebtedness levels from a scenario-based assessment by the International Monetary Fund (IMF) that warned government … Read more
