Simply Put: The IMF optimism

COP26: Africa’s challenges must steer the climate change conference

Africa carries the heaviest burden of the associated climate change effects

Global annual output growth to drop to 1.9 per cent in 2023, courtesy Ukraine, COVID-19

Growth in India expected to remain strong at 5.8 per cent, albeit lower than 6.4 per cent in 2022, according to new UN report  

The World Bank and IMF are using flawed logic in their quest to do away with the informal sector

What’s put forward as pro-poor interventions in the reports in fact risk actively increasing inequality and further disadvantaging …

Climate disasters are becoming more frequent in west, central Asia than other regions: IMF

West and central Asia are hotspots for climate change due to their geographical setting, says new paper

India’s poverty: There is no end to Surjit Bhalla’s imagination

The IMF executive director has just declared that India was nearly free of extreme poverty in 2020 and inequality was lowest in 40 years due to …

Kenya’s William Ruto makes case for Africa at COP28, calls for transformation of global climate finance framework

Many post-colonial countries, especially from Africa, didn’t exist when World Bank, IMF were formed; they should have have a say in their …

Why African countries are reluctant to take up COVID-19 debt relief

Poor countries know that the debt markets are not favourable to them; they acknowledge the risk of being punished by existing creditors, …

India’s declining rural income pulls downs global economic growth: IMF

International Monetary Fund says downgrade of global economy due to India’s dipping growth rates

Why opposing the man Trump wants as head of the World Bank might just work

US President Trump’s nomination of his Treasury Undersecretary David Malpass to World Bank should be seen more as an opportunity by African …

Justice league for people’s rights

In June 1979, an innovation in the field of law and politics came about in the form of Permanent Peoples’ Tribunal. The idea behind it is …

US dollar’s grip on global markets might be over, warns Goldman

Years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of 2020, share of dollar in trade …

‘Cancel all debt’: Activists disrupt IMF, World Bank annual meet

Call for reparations as solution for stabilising global economy during debt restructuring panel

Need to ramp up vaccine supply for developing countries: Global task force on COVID-19

Heads of the World Bank Group, International Monetary Fund, World Health Organization and World Trade Organization met for the first time …

The World Bank used to cause untold harm — but 30 years ago it started reforming. What went right

The bank supported some projects that were environmentally and socially damaging

Almost 60% of Africa’s low-income countries in debt distress: UNCTAD

Ghana and Tunisia are in talks with the International Monetary Fund (IMF) for emergency loans

IMF-World Bank annual meetings 2023: Did talks advance climate justice?

The meetings in Morocco raised urgent questions on financial reform, global debt and the need for climate finance

COVID-19: UNCTAD predicts $3.4 tln debt for developing countries

Income losses to exceed $220 bln in developing countries, says report 

Reforming global governance institutions the Indian way

Multilateralism has not failed; it is the governments of nation states that have miserably failed to carry out the ethos of multilateralism.

Can Nigeria kill the fuel subsidy?

With nearly 5,000% increase in expenditure on petrol import subsidy, IMF and World Bank call for funds for education and health sectors

Bank’s first contest

Developing countries challenge US monopoly by putting up candidates for World Bank’s presidency

World bodies release new principles on cost-effective carbon pricing schemes

New World Bank Report states that carbon-pricing schemes are worth US $50 billion

Debt crisis and gap in affordable climate finance in focus at IMF, World Bank meeting

Spring Meetings 2023 took place from April 10-16, 2023 in Washington DC

Time to reform UN Security Council, Bretton Woods system outdated: Guterres

Can’t ignore vast majority of countries suffering a deep financial crisis, UN Secretary-General says at G7 meet

G20 Summit: Good progress on easing debt in Zambia, Ethiopia & Ghana, says finance minister

India releases G20 New Delhi Leaders’ Declaration stating developing countries would need $5.8-5.9 trillion up to 2030 to …