IMF projects ‘deeper recession’ for world economy
The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. Agencies via China Daily/Asia News Network WASHINGTON — The International…
IMF sees PH economy shrinking 3.6% in 2020
MANILA, Philippines — The International Monetary Fund (IMF) has further downgraded its economic outlook for the Philippines, projecting gross domestic product (GDP) to shrink by 3.6 percent this year. The…
IMF downgrades outlook for global economy in face of virus
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,…
IMF projection: PH economy to shrink by 3.6 percent
The International Monetary Fund (IMF) has further downgraded its economic outlook for the Philippines, with the Washington-based multilateral lender projecting gross domestic product (GDP) to shrink by 3.6 percent this…
IMF urges tweaks in COVID-19 policy responses as economies emerge out of lockdowns
MANILA, Philippines — Key to better addressing the health and socioeconomic crises caused by the COVID-19 pandemic will be adjustments in policy responses as countries emerge out of their respective…
BSP chief on IMF emergency loan: ‘Thanks, but no thanks’
Thanks, but no thanks. This was the stance of the country’s top monetary manager to an emergency cash facility that the International Monetary Fund (IMF) made available to its member-nations…
IMF revises growth rate for Singapore and Asean’s top economies downwards to -1.3% due to coronavirus disruption
A cleaner wearing a protective face shield cleans up the street in Medan, North Sumatra, Indonesia, on April 15, 2020. PHOTO: EPA-EFE via The Straits Times/Asia News Network WASHINGTON —…
IMF cuts 2020 PH growth forecast to 0.6%, expects unemployment to rise amid COVID-19 pandemic
MANILA, Philippines – The COVID-19 pandemic would not only slow the Philippines’ economic growth to a dismal 0.6 percent but also render more Filipinos jobless this year, the Washington-based International…
IMF cancels debt payments for 6 months for 25 poor nations
UNITED NATIONS — The International Monetary Fund approved $500 million on Monday to cancel six months of debt payments for 25 of the world’s most impoverished countries so they can…