Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday slashed global growth forecast for 2022 to 3.6 percent amid the Russia-Ukraine conflict, 0.8 percentage points lower than the January projection, according to its newly released World Economic Outlook report. The Ukraine crisis unfolds while the global economy is …
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Washington, U.S. | Xinhua | Due to high debt and deficit levels, countries are “under severe financial stress,” and the debt crisis is expected to “continue to worsen” in 2022, World Bank Group President David Malpass said on Monday. Noting that debt is one of the two big problems facing global …
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United Nations | Xinhua | UN Secretary-General Antonio Guterres on Saturday welcomed the creation of the Resilience and Sustainability Trust (RST) by the International Monetary Fund (IMF), said his spokesman. Guterres congratulated IMF Managing Director Kristalina Georgieva and the Executive Board for approving the new RST effective May 1, said spokesman …
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Washington, U.S. | Xinhua | The International Monetary Fund (IMF) chief said Thursday that the organization will revise down its global growth forecast amid the Russia-Ukraine conflict, the impact of which will contribute to downgrades for 143 economies this year. “To put it simply: we are facing a crisis on top …
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Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund-IMF, has given Uganda a clean bill of health regarding the handling of the COVID-19 pandemic, the funds and the economy as a whole. For this, the Fund’s board has allowed for the immediate release of 127 million US Dollars (about 455 …
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Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund – IMF is so far satisfied with the way Uganda has managed the COVID-19 relief packages the country has received from the organization over the last two years. In June last year, the IMF board approved a relief package for Uganda …
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Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 4.4 percent in 2022, down by 0.5 percentage point from October’s forecast, according to a newly released update to its World Economic Outlook report. Growth will slow as economies grapple with supply …
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Washington, U.S. | Xinhua | Gita Gopinath, chief economist and director of the Research Department at the International Monetary Fund (IMF), intends to leave the IMF in January 2022, and return to Harvard University as planned, the IMF announced on Tuesday. “Gita’s contribution to the Fund and our membership has been …
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Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected that the global economy would grow by 5.9 percent in 2021, down by 0.1 percentage points from July’s forecast, according to the latest World Economic Outlook. “The global recovery continues but momentum has weakened, hobbled by the pandemic,” …
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But if it can’t rank business friendly countries, who can? COVERY STORY | THE INDEPENDENT | Since the World Bank announced it has decided to abandon its flagship “Doing Business” series after several internal audits and the publication of a damning investigation, debate has raged over the way forward. The …
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The Independent Uganda: You get the Truth we Pay the Price