Latest News
'It's a big problem' – Consultant says rising energy prices will narrow profit margins
By Trina Thomas | Oct 17, 2021
IMA Asia Managing Director Richard Martin told CNBC that rising energy prices will create a surge in business costs and narrow profit margins for companies around the globe.
IEA warns that energy crisis may impact global economic recovery
By Art Benavidez | Oct 17, 2021
A Paris-based autonomous intergovernmental organization has provided a dire forecast regarding a potential energy crisis.
IMF Executive Board concludes 2021 Article IV Consultation with India
By Ting Yan | Oct 15, 2021
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with India.
Supporting food security in Sub-Saharan Africa amid the COVID-19 pandemic and climate change
By Press Release | Oct 15, 2021
Sub-Saharan Africa is highly vulnerable to climate change, with a marked increase in the frequency and intensity of natural disasters threatening food security in the region due to the heavy reliance on rain-fed agriculture, and weak infrastructure and institutions.
Huaxing Growth Capital 'grateful' to complete close of USD Fund IV
By Emily Bevard | Oct 15, 2021
China Renaissance's Huaxing Growth Capital completed the first close of its USD Fund IV, according to a release Oct. 7.
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.