Latest International Monetary Fund News

FILE - In this Oct. 19, 2020, file photo, women eating snack walk by a Chanel cosmetic shop at the capital city's popular shopping mall in Beijing. China’s economy grew 2.3% in 2020 as a recovery from the coronavirus pandemic accelerated while the United States, Europe and Japan struggled with disease flare-ups. (AP Photo/Andy Wong, File)

China economy grows in 2020 as rebound from virus gains

Jan. 18, 2021 4:34 AM EST

BEIJING (AP) — China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with rising infections. Growth in the three months...

FILE - In this Oct. 21, 2020 file photo, people shop at old Basra market, Iraq.  A leaked draft of Iraq's state budget has spurred panic as it confirmed the government's intentions to devalue the national currency, the Iraqi dinar, and cut salaries to cope with a severe economic crisis. Multiple officials confirmed the authenticity of the 2021 draft budget law that was making the rounds on social media on Thursday, Dec. 17.  (AP Photo/Nabil al-Jurani, File)

Iraqis panic as leaked budget draft signals devaluation

Dec. 17, 2020 3:57 PM EST

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,...

The full moon rises on the Athenian sky above the ancient Acropolis hill during cloudy night , on Monday, Nov. 30, 2020. (AP Photo/Petros Giannakouris)

IMF: Greek debt sustainable despite pandemic-linked spike

Nov. 30, 2020 3:18 PM EST

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...

FILE - In this Feb. 14, 2020, file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany.   Georgieva said Thursday, Nov. 19,  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.  (AP Photo/Jens Meyer, File)

IMF director: virus could disrupt global recovery

Nov. 19, 2020 12:56 PM EST

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...