The head of the International Monetary Fund on Monday described a meeting with Argentina’s economy minister, Silvina Batakis, as “productive,” amid a deepening economic crisis afflicting South America’s third-biggest economy. IMF Managing Director Kristalina Georgieva added in a post on Twitter...
https://www.hellenicshippingnews.com/imf-chief-welcomes-push-to-boost-argentinas-fiscal-health/
IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the “exceptionally uncertain” global economic outlook could turn worse if higher prices persisted. Georgieva, speaking at a G20 finance officials...
The unemployment rate in the OECD stabilised at 5.0% in May 2022 – its lowest level since the series began in 2001. The May unemployment rate was below or equal to the pre-pandemic rate in two thirds of OECD countries (Figure 2). The number of unemployed workers in the OECD remained broadly stable...
https://www.hellenicshippingnews.com/unemployment-rate-in-the-oecd-stabilises-at-5-in-may-2022/
Nearly 20% of International Monetary Fund staff say their work has been “unduly influenced” by supervisors, according to an internal survey released on Thursday as part of a review of data integrity standards that generally found “robust mechanisms” for institutional governance. The review was launched last year by the IMF’s Executive Board following allegations in …
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Paris/Rome – The global agrifood sector faces fundamental challenges over the coming decade, particularly the need to feed an ever-increasing population in a sustainable manner, the impacts of the climate crisis and the economic consequences and disruptions to food supply linked to the war in Ukraine, according to a report released today by the Food …
The head of the International Monetary Fund on Friday underscored the importance of fighting inflation now to shore up the prospects for economic growth in the future, warning that doing so could cause “some pain” to consumers in the short run. “Success over time (in lowering prices) will be...
Public support for agriculture has reached record levels as governments enacted measures to shield both consumers and producers from the COVID-19 pandemic and other crises, according to a new report from the OECD. Only a small share of this support has been directed at longer-term efforts to combat climate change and other food systems challenges. …
Ending the use of coal and replacing it with renewable energy sources will result in an estimated net gain of $78 trillion globally by the end of this century, according to research by the International Monetary Fund. This amounts to about four fifths of the world’s gross domestic product...
The International Monetary Fund (IMF) has received $40 billion in pledges for its new Resilience and Sustainability Trust to address challenges such as climate change, IMF head Kristalina Georgieva said, close to their target set last month. Building resilience to the effects of climate change will...
https://www.hellenicshippingnews.com/imf-secures-40-billion-so-far-for-new-sustainability-trust/
The war in Ukraine and related sanctions have triggered a sharp increase in commodity prices, which will add to the challenges facing countries in the Middle East and North Africa—particularly the region’s oil importers. After leaping to a peak of $130 per barrel following Russia’s invasion, oil...