The International Monetary Fund (IMF) has projected that nearly 40% of jobs globally will be influenced by artificial intelligence (AI), with advanced economies expected to experience a higher impact compared to emerging markets and low-income nations. The IMF Managing Director, Kristalina Georgieva, in a Bloomberg report on Monday, was quoted as expressing concern about the […]
The International Monetary Fund (IMF) has announced a new $41 billion under its Resilience and Sustainability Trust (RST) to support developing countries in their current drives towards mitigating climate threats through green projects. The IMF Managing Director, Kristalina Georgieva, made this disclosure during one of her presentations at the New Global Financial Pact Summit in […]
The Managing Director of the International Monetary Fund (IMF), IMF Manag has projected that some global economies would face even tougher challenges this year than the past year as some big economies will simultaneously decline. The IMF boss in an interview with CBS, said: “For most of the world economy this is going to be […]
The International Monetary Fund (IMF) has expressed serious concern about the surging inflation rates, debt stocks, and food crisis in Nigeria and other African, warning that if not properly managed could threaten the recoveries of the economies and push them into another recessionary abyss. The Managing Director of the Washington-based multilateral financial institution, Kristalina Georgieva […]
The International Monetary Fund (IMF) has expressed some concerns that cryptocurrencies may become a major currency in Nigeria and other developing countries. The Breton Woods institution in a report titled ‘Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated’ released on Thursday, stated that cryptocurrency had made it very difficult to protect the world financial […]
The International Monetary Fund (IMF) on Monday decided to retain Kristalina Georgieva as the Fund’s managing director by expressing full confidence in her leadership, despite accusations leveled against her that she altered data to favour China during her tenure at the World Bank. Georgieva had been serving as the Chief Executive of the World Bank […]
There are strong indications that the week-long International Monetary Fund (IMF) and World Bank Group annual meetings will kick off today amid anxieties among attendees as data-rigging allegations levelled against IMF Managing Director, Kristalina Georgieva, may impact the opening of meetings in Washington, D.C, United States. The meetings will be opened despite the fact that […]
The International Monetary Fund (IMF) on Tuesday stated that it expected global economic growth in 2021 to fall slightly below the 6% in earlier projected in July. The Managing Director of the IMF, Kristalina Georgieva, cited growing risks associated with debt, inflation and divergent economic trends in the wake of the COVID-19 pandemic as the […]
The International Monetary Fund (IMF) on Monday reported that Nigeria’s foreign liabilities stood at $187.36 billion while the country’s foreign assets amounted to $102.15 billion as of December 2020,. Foreign assets are the investment securities owned by a national government, companies, or citizens in foreign countries while foreign liabilities are assets owned by foreign governments, […]
The International Monetary Fund on Tuesday downgraded further its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts. The Breton Woods institution hinges its latest forecast on the raging U.S-China trade wars as well as other threats in the […]