IMF And World Bank Meetings End With Little Agreement (NYT) To be sure, the additional $430 billion in lending capacity contributed by developed economies like Japan, Britain, Saudi Arabia and South Korea was seen as a major achievement. The contributions came after I.M.F. economists determined that countries around the world might require up to $1 trillion in new loans because of the combined effects of the sovereign debt crisis in Europe and sluggish global economic growth.
The International Monetary Fund (IMF) and the African Development Bank (AfDB) have signed an agreement for a contribution of US$7.5 million by the AfDB to support IMF capacity building in Africa through the third phase of the Africa... Read Post
The Swiss-Franc-inspired spike in crude oil (crazy but true) as Europe opened has seen its highs broken as WTI Crude tests $46 once again following reports of Saudi Oil Minister Ali Al-Naimi meeting with Rolf Willy Hansen - ambassad... Read Post
This is odd. In the IMF's latest World Economic Outlook for 2015, t he US is the only one of the G7 and BRIC economies that had its IMF growth outlook revised up for this year. Torsten Sløk at Deutsche Bank passed along the followin... Read Post