Davos 2023: Outlook brighter than feared, fraught with risks
Davos, Switzerland Reuters The year ahead looks better than feared for the global economy but remains fraught with risks including escalation of the conflict in Ukraine and the emergence of a transatlantic trade war, the World Economic Forum’s final panel concluded. International Monetary Fund Managing Director Kristalina Georgieva told the Davos audience that what had improved […]
IMF says up to 20 countries could require emergency assistance to ease food crisis
Riyadh, Saudi Arabia Reuters The International Monetary Fund said on Monday that up to 20 countries, many in Africa, could need emergency assistance to cope with the global food crisis. IMF Managing Director Kristalina Georgieva, speaking at a conference in Saudi Arabia, also said that 141 million people across the Arab world are exposed to […]
IMF says Africa urgently needs vaccines to halt repeated COVID waves
Washington DC, US Reuters COVID-19 infections in Africa will likely exceed previous peaks within days, underscoring an urgent need to accelerate vaccine supplies and financing to the region, International Monetary Fund Managing Director Kristalina Georgieva said on Monday. Georgieva said in a blog posting with IMF Africa Department director Abebe Selassie that sub-Saharan Africa, already […]
Failure to adapt to climate impacts will hike inequality, commission warns
Barcelona, SpainThomson Reuters Foundation From taxpayer-backed flood defences in Miami to shelters keeping Bangladeshis safe from storms, investing to protect against the growing effects of climate change pays, a global commission said this week, warning failure to do so will hike inequality. As the planet heats up, governments and businesses must radically rethink how they […]