Latest News
US economy grows at slower pace with Q3 GDP up by 2.8
By Globe Banner | Oct 30, 2024
Real gross domestic product (GDP) in the United States grew at an annual rate of 2.8 percent during the third quarter of 2024, according to the "advance" estimate released by the U.S. Bureau of Economic Analysis.
IMF approves funding to support Kenya's economic stability amidst fiscal challenges
By Globe Banner | Oct 30, 2024
The International Monetary Fund (IMF) Executive Board has completed the seventh and eighth reviews under the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements, as well as a review under the Resilience and Sustainability...
IMF releases findings from its latest Financial Access Survey
By Globe Banner | Oct 30, 2024
The International Monetary Fund (IMF) has published the results of its 2024 Financial Access Survey (FAS), coinciding with the survey's 15th anniversary.
BlackRock Foundation commits $4 million for education initiatives in Dallas County
By Globe Banner | Oct 29, 2024
The BlackRock Foundation has announced a $4 million philanthropic grant to The Commit Partnership and Education is Freedom (EIF) in Dallas County.
Paraguay joins IMF's Special Data Dissemination Standard
By Globe Banner | Oct 29, 2024
On October 28, Paraguay joined the International Monetary Fund's (IMF) Special Data Dissemination Standard (SDDS), becoming the 49th country to do so.
IMF announces upcoming staff visit to Romania for economic assessment
By Globe Banner | Oct 28, 2024
Today, the International Monetary Fund (IMF) announced that an IMF mission will be visiting Bucharest from November 5 to November 8, 2024.
Bitcoin sees potential mainstream adoption by 2025
By A. D. Bamburg | Oct 25, 2024
On October 4, industry experts released an analysis indicating that Bitcoin's adoption rate could surpass 8% by 2025. This suggests a shift toward mass adoption, similar to previous phases seen with historical technologies.
IMFC discusses global economy amid conflicts at fiftieth meeting
By Globe Banner | Oct 25, 2024
In Washington, D.C., on October 24 and 25, the Fiftieth Meeting of the International Monetary and Financial Committee (IMFC) convened to discuss global macroeconomic challenges.
IMF projects steady growth for Sub-Saharan Africa amid reform challenges
By Globe Banner | Oct 25, 2024
Sub-Saharan Africa's economic growth is expected to remain at 3.6 percent in 2024, according to the International Monetary Fund's (IMF) latest Regional Economic Outlook for the region.
IMF reports subdued growth in sub-Saharan Africa amid reform challenges
By Globe Banner | Oct 25, 2024
On October 25, 2024, the International Monetary Fund (IMF) released its Regional Economic Outlook for sub-Saharan Africa.
Chair addresses key challenges at IMF-World Bank annual meetings
By Globe Banner | Oct 25, 2024
On October 25, 2024, the Chair of the Boards of Governors addressed the plenary session of the International Monetary Fund (IMF) and World Bank Group's annual meetings.
IMF's Georgieva to speak at 2024 annual meetings plenary
By Globe Banner | Oct 25, 2024
Annual Meetings Chairman Ahmed Munawar, Chairperson and Governor of the Maldives Monetary Authority, World Bank Group President Ajay Banga, and Managing Director of the International Monetary Fund Kristalina Georgieva are set to speak at the plenary session of the Annual Meetings in Washington D.C. on October 25th.
Amazon VP: Amazon's annual pay reviews ensure wages are 'industry-leading'
By D. D. Diggs | Oct 23, 2024
Udit Madan, Amazon's vice president of worldwide operations, said Amazon conducts annual reviews of their wages and benefits in order to maintain "competitive" and "industry-leading" rates for employees.
Global banks to trial live digital asset transactions using Swift network in 2025
By R. B. Pepalis | Oct 23, 2024
On October 3, Swift announced that major banks across North America, Europe, and Asia will conduct live trials of digital currency and asset transactions starting in 2025.
Global Sovereign Debt Roundtable evaluates progress on debt restructuring
By Globe Banner | Oct 23, 2024
The Global Sovereign Debt Roundtable (GSDR) convened in Washington, DC, on October 23, 2024, to evaluate progress in enhancing debt restructuring processes and timelines. The meeting also focused on addressing debt vulnerabilities and identifying priority areas for future work.
Global economic outlook focus of ninth high-level RFA dialogue
By Globe Banner | Oct 23, 2024
The ninth High-level Regional Financing Arrangements (RFAs) Dialogue took place on October 23, 2024, in Washington, DC. The meeting occurred amid a global economic outlook that is improving yet remains fragile due to a complex geoeconomic environment and policy uncertainty. Recent volatility in global financial markets highlighted the necessity of a robust Global Financial Safety Net, which includes collaboration between the International Monetary Fund (IMF) and RFAs.
Report outlines pathways for coordinated global climate action
By Globe Banner | Oct 23, 2024
Five international organizations have released a comprehensive report aimed at promoting coordinated approaches to climate action, carbon pricing, and addressing policy spillovers. The Joint Task Force on Climate Action, Carbon Pricing, and Policy Spillovers presented the report titled "Working Together for Better Climate Action: Carbon Pricing, Policy Spillovers, and Global Climate Goals" on October 23 in Washington, DC. This task force was convened by the World Trade Organization (WTO) and included contributions from the International Monetary Fund (IMF), the Organization...
IMF reaches staff-level agreement on reviews of Rwanda's financial arrangements
By Globe Banner | Oct 22, 2024
From October 7 to October 20, 2024, an International Monetary Fund (IMF) team led by Ruben Atoyan engaged in discussions with Rwandan authorities regarding the nation's policy priorities and reform progress. These discussions took place within the framework of the fourth reviews of Rwanda’s Policy Coordination Instrument (PCI) and Resilience and Sustainability Facility (RSF), along with the second review of the Stand-by Credit Facility (SCF) arrangement. The IMF Executive Board is expected to consider these reviews in December 2024. Following this review, Rwanda may access...
African Caucus meeting discusses strategies for strengthening Africa's economic resilience
By Globe Banner | Oct 22, 2024
On October 22, 2024, Mr. Wale Edun, Nigeria’s Minister of Finance and Chair of the African Caucus, alongside Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), released a statement following the conclusion of an African Caucus meeting in Washington, DC.
G-24 addresses global economic concerns amid geopolitical tensions
By Globe Banner | Oct 22, 2024
The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) recently convened in Washington, D.C., addressing several pressing global issues. The meeting, chaired by Ralph Recto from the Philippines, focused on humanitarian crises, economic stability, and multilateral cooperation.