IMF

The BRICS nations — Brazil, Russia, India, China and South Africa agreed to admit more members into the coalition.   More countries are waiting in the wings to join the group. What Happened: The BRICS summit was held in Johannesburg, South Africa, this week. Membership remains poised to expand to...

As the current chair of the G20, India has expressed its support for the Financial Stability Board's (FSB) proposed global framework for cryptocurrencies, which was released in July. The nation has also highlighted the importance of addressing the risks associated with digital assets,...

The International Monetary Fund (IMF) has revised its global growth forecast, projecting a slowdown from last year’s 3.5% to 3% for this year and the next in its latest World Economic Outlook update. The 2023 growth projection has been revised 0.2 percentage points higher from the IMF’...

International Monetary Fund Deputy Managing Director Gita Gopinath has highlighted three uncomfortable truths that monetary policy will have to confront for contending with high inflation. In her remarks before the European Central Bank Forum, Gopinath pointed out the first uncomfortable truth is...

International Monetary Fund Managing Director Kristalina Georgieva has reportedly said the fund is working on a platform for central bank digital currencies (CBDCs) to enable transactions between countries. “CBDCs should not be fragmented national propositions… To have more efficient...

The International Monetary Fund on Thursday reportedly called on the Federal Reserve and other central banks to “stay the course” on their monetary policy and remain vigilant in tackling inflation. IMF spokesperson Julie Kozack said inflation momentum has slowed in the United States but...

Kristalina Georgieva, Managing Director of the International Monetary Fund reportedly said the organization is yet to see any significant slowdown in lending and that the Federal Reserve may have to do more. "We don't yet see a significant slowdown in lending. There is some, but not on the scale...

The Reserve Bank of India (RBI) has expressed its intent to broaden the global discourse on cryptocurrencies, aiming to go beyond just "financial stability and integrity" and delve into the "macro-financial and cross-sectoral implications and risks of crypto-assets." This...

The International Monetary Fund says the U.S. economy won't escape the challenge of persistent inflation if the job market does not soften and monetary policy does not stay tight for an extended period of time. On Friday, the U.S. Bureau of Economic Analysis (BEA) ...

Kristalina Georgieva, a managing director at the International Monetary Fund (IMF), believes that central bank digital currencies (CBDC) are the future of money. However, she also admits (in not so many words) that the ecosystem is a giant experiment with an aggregate outcome that is...

International Monetary Fund chief Kristalina Georgieva reportedly said risks to financial stability have risen and asserted the need for continued vigilance. The IMF Managing Director pointed out that policymakers in advanced economies responded decisively to financial stability risks amidst bank...

The International Monetary Fund (IMF) called for a coordinated global response to the risks posed by crypto assets. What Happened: In a board paper, the IMF set out a framework of nine elements to guide members in developing a comprehensive, consistent and coordinated policy response. The...

International Monetary Fund Deputy Managing Director Gita Gopinath has reportedly warned that the U.S. has not “turned the corner yet” and it is too early for the Federal Reserve to announce victory in its fight against inflation. In an interview with...

International Monetary Fund Managing Director Kristalina Georgieva reportedly said on Sunday that 2023 is going to be a tough year for much of the global economy, as the main engines of growth including the U.S., Europe and China, are all experiencing weakening activity. What Happened: “The...

The International Monetary Fund believes that despite growing evidence of a global slowdown, policymakers should continue to prioritize containing inflation, which is contributing to a cost-of-living crisis, hurting low-income and vulnerable groups the most. Continued fiscal and monetary tightening...