Latest News
McLaren Strategic Ventures secures partnership with Redington Value
By John Kelly | Oct 14, 2021
McLaren Strategic Ventures has secured a partnership with Redington Value to help small-to-medium sized businesses in the Middle East, North Africa and Turkey in their transition to the digital economy.
World Bank Group president urges global pandemic recovery efforts: 'Progress on poverty has been set back by years'
By Savannah Howe | Oct 14, 2021
On Wednesday, Oct. 13, the World Bank Group (WBG) held the opening press conference to its 2021 Annual Meetings Week, where WBG President David Malpass outlined the group's current priorities: reducing debt in low-income countries, COVID-19 vaccine distribution and climate change.
U.S. residents' liabilities abroad grow more than their assets in second quarter of 2021
By David Beasley | Oct 12, 2021
The difference between the amount U.S. residents hold in foreign financial assets and the amount of foreign liabilities they have increased in the second quarter of 2021, with liabilities growing more than assets, The U.S. Bureau of Economic Analysis reported.
Statement by the IMF Executive Board on its review on the investigation of the World Bank’s Doing Business 2018 Report
By Press Release | Oct 12, 2021
The IMF Executive Board met today to conclude its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report.
Low-income country debt rises to record $860 billion in 2020
By Press Release | Oct 11, 2021
Debt reduction, restructuring, and transparency needed to help low- income countries overcome debt challenges
Chicago-based Bounteous 'excited' with Lister acquisition
By Caleb Lombardo | Oct 11, 2021
As part of a global digital transformation expansion plan, Chicago-based Bounteous, a leader in insights-driven digital experience consultancy, announced the recent acquisition of Lister Digital, a full-service digital transformation firm.
Consulting firm Brattle Group expands to China with offices in Beijing, Shanghai
By David Beasley | Oct 11, 2021
The Brattle Group, a U.S.-based consulting firm, has expanded into China with offices in Beijing and Shanghai, a news release said.
World Bank's Malpass: 'By working together, we will build a better development path'
By Bree Gonzales | Oct 9, 2021
David Malpass, World Bank Group president, gave a speech from Khartoum, Sudan, whose theme was Development in a Time of Upheaval.
IMF explains potential risks to international inflation recovery
By Andy Nghiem | Oct 9, 2021
The International Monetary Fund (IMF) recently released a report detailing the risks of global inflation and called current inflation scares "uncharted territory.
IMF Executive Board recommends continued diligence and added reforms for Belgium's economy
By Bree Gonzales | Oct 9, 2021
Commendations on its pandemic response and its employment measures were two positive takeaways from the conclusion of the Article IV consultation with Belgium. Further efforts in some areas have been recommended by the International Monetary Fund’s Executive Board.
FSB and IMF Publish 2021 Progress Report on the G20 Data Gaps Initiative
By Press Release | Oct 8, 2021
The Financial Stability Board (FSB) and International Monetary Fund (IMF) today published the Sixth Progress Report - Countdown to December 2021 on the implementation of the Second Phase of the G20 Data Gaps Initiative (DGI-2).
The IMF Executive Board Extends Debt Service Relief for 24 Eligible Low-Income Countries
By Press Release | Oct 8, 2021
Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved on October 6, 2021 a fourth tranche of debt service relief from the Catastrophe Containment and Relief Trust (CCRT) for 24 member countries with eligible debt falling due in the period through January 10, 2022.
IMF staff concludes virtual visit to Costa Rica to discuss progress of economic reforms under the Extended Fund Facility
By David Sharrock | Oct 7, 2021
Press release: The IMF mission and the Costa Rican government made significant progress toward completing the first review of Costa Rica’s Fund-supported program. Discussions will continue in coming weeks.
IMF Executive Board Concludes 2021 Article IV Consultation with Maldives
By Brian Walker | Oct 7, 2021
Press release: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Maldives.
Spire Global announces acquisition of exactEarth
By Ariana Chiarenza | Oct 7, 2021
Spire Global announced Sept. 14 the company plans to acquire exactEarth for approximately $161.2 million in stock.
Statement by the IMF Spokesperson on the Ongoing Review by the IMF Executive Board on the Investigation of the World Bank’s Doing Business 2018 Report
By Alistair Thomson | Oct 6, 2021
Washington, DC: The IMF Executive Board met today with IMF Managing Director Kristalina Georgieva as part of its ongoing review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report.
GDP increased overall in the second quarter in all 50 states, D.C.
By Art Benavidez | Oct 6, 2021
The real gross domestic product (GDP) increased at an annual rate in all 50 states and the District of Columbia in the second quarter of this year, according to a recent report by the U.S. Bureau of Economic Analysis.
Transport industry groups warn of global 'shipping collapse' if pandemic travel restrictions persist
By Solange DeLisle | Oct 3, 2021
Industry groups that represent people who are employed to move goods have warned there could soon be a "shipping collapse" if governments around the world don't allow transport workers to move freely and have priority access to vaccinations.
Movable Ink continues 'rapid' growth, announces management hires
By Andy Nghiem | Oct 2, 2021
Software company Movable Ink recently announced a series of management hires to aid its expansion plans, according to a press release.
'This year has completely blown away our expectations': NinjaRMM announces strong growth in 2021, moves HQ to Texas
By Andy Nghiem | Oct 2, 2021
Information technology operations management platform NinjaRMM recently announced a nearly 50% increase in its customer base to more than 6,000 and a 75% revenue boost in 2021, according to a company press release..