Argentina has fallen into the IMF's debt trap, rejecting sovereignty. At the moment, Argentina uses nearly all of its foreign exchange profits to settle its external debt. Table of ContentsArgentina gets into IMF's debt...
IMF chief Gavin Gray told NV Business on Monday that Ukraine needs to collect more taxes since Ukraine will require additional tax revenue to pay for its increased social expenditures after the war ends.
International Monetary Fund Managing Director Kristalina Georgieva stated that the IMF is "working hard" on a global central bank digital currency platform. The International Monetary Fund (IMF) is “working...
UMU, the Central Bank Digital Currency, has been launched. Although the IMF has not officially endorsed UMU, George Walker, a partner at Practus, LLP, noted that the organization had not raised objections to its foreign exchange premium rates or its monetary sovereignty approach.
According to central bank chief Riad Salameh, Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on February 1, which will devalue the currency by 90%.
Chinese loans have shorter repayment terms and higher interest rates than bilateral loans from Paris Club nations or loans from international organizations like the World Bank or the International Monetary Fund. This is the list of Countries that are most in debt to China.
The chief strategy officer of the Human Rights Foundation, a pro-Bitcoin NGO, said that the reason why the IMF hates bitcoin is that it is an outside currency that’s beyond the control of alphabet soup organizations.
Pakistan has asked for IMF bailout to avoid an imminent collapse. In contrast to many African and South American countries, a collapse in Pakistan might have global consequences.
Ukraine's exports have been badly impeded by the conflict, which has caused the country to close its ports, while Russia's exports have been damaged by Western sanctions. This has left India in a critical role as IMF Chief begs India to revise wheat export ban policy at World Economic Forum.
In a recent post, the IMF has warned of the possibility of civil unrest in poorer nations amid the global food crisis due to the Ukraine conflict.
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