Taiwan wants to join the IMF to get financial protection from China

WASHINGTON (AP) — Taiwan, a major economy the size of Poland but absent from global organizations, is making a longshot push to join the International Monetary Fund, the 190-country organization that offers members emergency loans and other financial assistance. “Taiwan's...

IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms

WASHINGTON (AP) — The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday. She also urged Chinese leaders to take more decisive action to jump-start their...

IMF's view: The global fight against high inflation is 'almost won'

WASHINGTON (AP) — The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund declared Tuesday. In its latest assessment of the global economy, the IMF predicted that worldwide inflation will cool...

Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders

WASHINGTON (AP) — Treasury Secretary Janet Yellen told world financial leaders Tuesday that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before the U.S....

IMF's economic view: A brighter outlook for US but still-tepid global growth

Next week: IMF global economic outlook, General Motors earnings, US existing home sales

IMF OUTLOOK On Tuesday, the International Monetary Fund issues its semi-annual World Economic Outlook. In July, the IMF upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. The...

US presidential election looms over IMF and World Bank annual meetings

WASHINGTON (AP) — Global finance leaders face a major uncertainty as they meet in Washington next week: Who will win the U.S. presidential election and shape the policies of the world’s biggest economy? Republican nominee former President Donald Trump and Democratic nominee Vice...

Treasury official says withdrawing the US from the IMF and World Bank would be a 'step backward'

WASHINGTON (AP) — Withdrawing the United States from the IMF and World Bank would be “a step backward,” a top U.S. Treasury official said Friday, defending the organizations before a presidential election that could cast uncertainty about America's future in them. In advance of...

Argentina's poverty rate spikes in first 6 months of President Milei's shock therapy

BUENOS AIRES, Argentina (AP) — Argentina's poverty rate jumped from almost 42% to 53% during the first six months of Javier Milei' s presidency, the statistics agency reported Thursday, a steep rise reflecting the pain of the country's most intense austerity program in recent memory. ...

The IMF approves a $7 billion loan for Pakistan, which will get $1 billion immediately

ISLAMABAD (AP) — The executive board of the International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday, more than two months after the two sides said they had reached an agreement. The loan — which Islamabad will receive...