Amid crisis in Ukraine, World Bank is preparing a USD 3 billion support package for the country in the coming months and IMF is considering requests for emergency financing.
The International Monetary Fund (IMF) on Tuesday projected that the global economy will grow by 5.9 percent in 2021, down by 0.1 percentage point from July's forecast, according to the latest World Economic Outlook.
Cooperation between the United States and China, the world's two largest economies, would be vital for a faster global recovery from the COVID-19 pandemic, Managing Director of the IMF Kristalina Georgieva said on Thursday.
Finance officials of the world’s major economies on Wednesday agreed on a proposal to boost the resources of the International Monetary Fund by $650 billion.
The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast