Iraqis panic as leaked budget draft signals devaluation

BAGHDAD (AP) — A leaked draft of Iraq's state budget sent Iraqis into a panic on Thursday as it confirmed the government's intentions to devalue the national currency, the Iraqi dinar, and cut salaries to cope with the impacts of a severe economic crisis. Discussions about devaluating the Iraqi dinar,...

IMF: Greek debt sustainable despite pandemic-linked spike

ATHENS, Greece (AP) — The International Monetary Fund said Monday that Greece's huge public debt remains sustainable in the medium term despite “unprecedented uncertainty” to all sectors of the economy because of the pandemic. Following completion of a new round of monitoring discussions with...

IMF director: virus could disrupt global recovery

WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that the while the United States and other major economies turned in better-than-expected economic performances in the third quarter, the world now faces slower momentum with a resurgence in coronavirus cases. IMF Managing Director...