Reports this week indicate the Afghan economy is not faring well under Taliban domination, thanks to a combination of public terror, Taliban mismanagement, and the termination of foreign aid programs that were propping up civil services.
The World Bank announced on Tuesday that it will halt financial aid to Afghanistan following the Taliban’s overthrow of the elected government in Kabul.
The International Monetary Fund (IMF) said Wednesday that it will block Afghanistan from accessing $460 million in emergency monetary reserves that were scheduled to be disbursed next week.
The government of Cameroon said on Monday it was investigating how ministers had spent $335 million in coronavirus aid from the International Monetary Fund (IMF) amid accusations from opposition parties that most of the loaned funds “could not be accounted for.”
Boris Johnson has called for the leading economic powers to help vaccinate the entire world against the coronavirus by the end of next year.
Sheikh Abdullah bin Zayed al-Nahyan, foreign minister of the United Arab Emirates (UAE), told his Pakistani counterpart Shah Mahmood Qureshi on Tuesday the UAE will roll over a $2 billion loan and “extend every possible support” in an effort to improve relations between the two countries.
The International Monetary Fund (IMF) has predicted that Brexit Britain will grow faster than the Eurozone as well as the United States by next year, despite having one of the steepest contractions of any major Western nation during the Chinese
Lebanon’s effort to form a new government is not going well. Virtually every administration official except President Michel Aoun resigned soon after the August 4 explosion that devastated the city of Beirut. The search for a new prime minister appears to be deadlocked by Lebanon’s factional rivalries and resistance to reform, even as the country’s already shaky economy teeters on the edge of utter ruin.
The Lebanese pound sank to a record low on the black market on Thursday despite the authorities’ attempts to halt the plunge of the crisis-hit country’s currency, sparking a flare-up in anti-government protests.
The United Nations has warned that the economic devastation from the Chinese coronavirus pandemic may well kill more people than the disease, the Los Angeles Times detailed in a report on Monday.
Pakistani Prime Minister Imran Khan on Monday called upon wealthy nations to finance a more extensive rescue package for developing economies in the wake of the coronavirus pandemic.
Beirut — Protest-hit Lebanon has approved an economic rescue plan and requested aid from the International Monetary Fund as it battles its worst financial crisis in decades.
BAGHDAD — Iraq is planning painful cuts in social benefits relied on by millions of government workers. Saudi Arabia will likely have to delay mega-projects. Egypt and Lebanon face a blow as their workers in the Gulf send back less of the much-needed dollars that help keep their fragile economies afloat.
Boris Johnson would say “no” to an extension to the transition period if the European Union asks for one, the prime minister’s spokesman said after the head of the International Monetary Fund (IMF) called for a delay.
Now is the time for global leaders to create one world government to tackle the twin medical and economic crises caused by the Chinese coronavirus pandemic, former UK Prime Minister Gordon Brown urged on Thursday.
Venezuelan dictator Nicolás Maduro demanded a $5 billion loan from the International Monetary Fund (IMF), an institution he has long reviled, on Tuesday to help fight the Chinese coronavirus pandemic.
The globalist International Monetary Fund has enjoyed a spectacular change of tone over Brexit, and is predicting growth.
The U.S. economy is expected to slow due to tighter monetary policy and the lift from the 2018 tax cuts fading over time.
The International Monetary Fund (IMF), of which the U.S. is the dominant stakeholder, confirmed on Thursday it had suspended its work with the anti-American socialist regime of Nicolás Maduro since the end of January due to the South American nation’s financial woes and deteriorating political and humanitarian conditions.
The International Monetary Fund announced on Wednesday that it will block the Maduro regime in Venezuela from accessing $400 million in funds until a legitimate government is put in place.
The search is underway for President Trump’s next pick for United States ambassador to the United Nations, and experts say that a top priority for him or her should be to reduce waste of U.S. taxpayer funds at the UN.
Inflation in the crisis-stricken country of Venezuela is on track to hit 1.4 million percent by the end of 2018, according to the latest report from the International Monetary Fund.
Former International Monetary Fund (IMF) director Ashoka Mody has poured scorn on the anti-Brexit forecasts produced by officials recently, suggesting they are “making up the numbers”.
The U.S. will “squeeze” Iran “until the pips squeak” through the tough new round of trade sanctions now in force, National Security Advisor John Bolton promised Tuesday.
Saudi Arabia agreed to loan Islamabad $6 billion to help Pakistan stabilize its struggling economy on Tuesday. Pakistan is currently also seeking a critical loan from the International Monetary Fund (IMF).
The chief economist at the International Monetary Fund (IMF) cautioned Pakistan this week against “excessive loans” from its ally, China, citing risks.
The International Monetary Fund is predicting that inflation in Venezuela will surpass 10 million percent by the end of 2019, the organization said in its World Economic Outlook report on Monday.
Spain must open its borders to more than five million migrants over the coming decades in order to fund the pension system, the International Monetary Fund (IMF) has declared.
Venezuelan dictator Nicolás Maduro has removed five zeroes from the country’s Bolivar currency amid inflation that is expected to reach one million percent by the end of the year.
Australia’s Prime Minister Malcolm Turnbull has come out in full support of U.S. President Donald Trump and his meeting with Russia’s President Vladimir Putin, calling Mr. Trump an “American patriot” who is loyally serving his country to the utmost 0f his ability.
AMMAN, Jordan — Doctors, lawyers and teachers staged a strike across Jordan on Wednesday in protest over IMF-backed austerity measures including a proposed income tax law that have sparked a week of angry demonstrations.
United States tax cuts will result in faster economic growth not only in the U.S., but around the world. Canada and Mexico are seen as major beneficiaries of a stronger U.S. economy.
Contents: Tunisia anti-austerity activists call for huge protests on Friday; Tunisia protests evoke memories of the 2011 ‘Arab Spring’
Contents: Xi Jinping says that China will now have a ‘say’ on all international issues; Xi Jinping promises to eliminate poverty by 2020; North Korea says that its nuclear arsenal protects it from attacks; Generational Dynamics World View finishes another year with a perfect record
Contents: Socialist Venezuela may or may not have declared bankruptcy on Thursday; Socialist Venezuela may have reached the end of its economic road
Contents: Russia considers taking on a huge financial burden – Venezuela; Maduro has ‘plans A, B and C’ if US imposes further sanctions
The Organisation for Economic Co-operation and Development (OECD) has u-turned on its dire Brexit predictions, admitting that “quality of life” in Britain will, in fact, “probably remain to a very great extent as it is today”. Prior to Britain’s referendum
Contents: Greece’s parliament raises taxes, cuts pensions to satisfy lenders; Germany’s government blocks debt relief for Greece, despite new austerity measures
Attendees at a summit on women and entrepreneurship in Berlin on Tuesday responded rudely when Ivanka Trump said that families are important to President Donald Trump.
Even as Russia continues to threaten Ukraine in the eastern region of the country, its minister of finance, Oleksandr Danyliuk, said the best way to ensure national security is through building a strong economy, including attracting private sector investors from the West.
