IMF warns on rising debt

IMF warns on rising debt

The IMF sees global debt growing faster and higher than projected before the pandemic, Vitor Gaspar, head of the Fund’s Fiscal Affairs Department said ahead of the launch of the Fiscal Monitor (FM) Wednesday (October 11) in Marrakech, Morocco. https://youtu.be/ZOoV_LhOf60 “Government debt ratios declined in 2021 and 2022. It will turn back up in 2023. Going forward global public debt is not only higher, but also projected to grow faster […]

October 18, 2023 7

Business / Economics

IMF MD Kristalina Georgieva speaks at Annual Meeting

Countries are stepping up with finances for the most vulnerable of the world, IMF Managing Director Kristalina Georgieva said Thursday (Oct. 12) in Marrakech, Morocco. Thousands of journalists, policymakers, bankers and civil society organizations are gathered there for the Annual Meetings of the IMF and World Bank. https://youtu.be/MehuXc6eH34 “During these meetings, we aim to put solidarity in action by increasing our capacity to support our low income members. And I […]

October 18, 2023 2

Business / Economics

Oil prices soar as producers unveil shock output cut

Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels per day, while equities mostly rose after data showed US and European inflation eased further last month. However, the decision by the OPEC+ cartel fanned concerns about a fresh spike in prices that could put pressure on central banks to push interest rates higher. Both main crude contracts jumped around eight percent […]

April 3, 2023 6