IMF, World Bank under pressure to boost climate change financing
WASHINGTON, UNITED STATES — International Monetary Fund (IMF) and World Bank officials are joining dozens of economic leaders for a…
World Bank, IMF spring meetings to get underway in complex economic environment
WASHINGTON, UNITED STATES — The World Bank and International Monetary Fund’s spring meetings get underway later this week with an…
China ramping up bailout loans to ‘Belt and Road’ countries: report
BEIJING, CHINA — China has handed out $240 billion worth of bailout loans to 22 developing countries at risk of…
Sri Lanka leader warns hard times to follow IMF bailout
COLOMBO, SRI LANKA — Sri Lanka’s president warned Wednesday of more economic pain to come for the crisis-hit nation, with…
Strike grips Sri Lanka as unions protest IMF bailout
by Amal Jayasinghe COLOMBO, SRI LANKA — Sri Lanka deployed armed troops as trade unions crippled hospitals, ports and banks…
Sri Lanka banks on IMF deal to tap frozen billions
by Amal Jayasinghe COLOMBO, SRI LANKA — Sri Lanka voiced hope on Wednesday that a long-awaited IMF bailout would be…
Sri Lanka president says China agrees to restructure loans
COLOMBO, SRI LANKA — Sri Lanka’s president said Tuesday that China had agreed to restructure its loans to the bankrupt…
IMF chief urges G20 to prevent ‘devastating’ blow to poorest
The world’s richest nations must do more to help the poorest countries withstand the “devastating double-blow” of the pandemic and…