News

U.S. Calls for Sweeping Reforms to I.M.F. and World Bank
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their ...
IMF to help Syria rebuild institutions, re-enter world economy, Georgieva says
The International Monetary Fund plans to work with Syria to help it reintegrate into the global economy, IMF chief Kristalina ...
Bessent Says US Backs IMF and World Bank, While Calling for Reforms
Treasury Secretary Scott Bessent called for a course correction for the International Monetary Fund and World Bank, while ...
Bessent says US will seek reforms of IMF, World Bank
Bessent said the Trump administration would not seek to retreat from those institutions but instead push to play a stronger ...
Bessent says IMF and World Bank need reform and there's an 'opportunity for a big deal' with China
WASHINGTON (AP) — Treasury Secretary Scott Bessent leveled harsh criticism at the operations of the World Bank and the ...
Scott Bessent says the World Bank and IMF need a total overhaul: ‘Mission creep has knocked these institutions off course’
Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said the two agencies ...
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World Bank projects 3.6% economic growth for Nigeria in 2025, more optimistic than IMF’s forecast
The World Bank has projected that Nigeria’s economy will grow by 3.6% in 2025, building on an estimated 3.4% expansion ...
IMF chief urges countries to move ‘swiftly’ to resolve trade tensions that threaten global growth
The IMF leader warned that the economic fallout from trade conflict would fall most heavily on poor countries.
Kenya Central Bank is ‘Actively Considering’ Buying Gold
Kenya is considering adding gold to its reserves to diversify its foreign exchange holdings beyond the US dollar and other ...
Ireland to give 141 million euros to World Bank fund for poorest countries
Ireland will contribute about 141.4 million euros ($161 million)to the World Bank's latest replenishment of its fund for the ...
Lebanon gets $250 million World Bank loan to ease electricity crisis
BEIRUT — The World Bank will grant Lebanon a $250 million loan that will be used to help ease electricity cuts in the ...