WHO and foundations launch virus fund
WHO and two international foundations launched a first-of-its-kind fund to help vulnerable populations and weak health systems cope with the pandemic.
International Monetary Fund
The International Monetary Fund (IMF) is a cooperative institution of countries that lend money to members having difficulties meeting financial obligations to other members. The loans are handed out on condition that economic reforms are undertaken to eliminate these difficulties for their own good and that of the entire membership.
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U.N. warns of $2 trillion in economic losses from coronavirus
Trade economists who advise the U.N. said COVID-19 could push nations into recession and depress global annual growth.
UNCTAD sees $50 billion exports drop
The global coronavirus outbreak likely caused a $50 billion decline in manufacturing exports from China in February alone.
G-7 pledges to fight new coronavirus risks
G-7 finance chiefs vowed to safeguard their economies from the coronavirus outbreak, but did not offer specifics about what they might be prepared to do.
Bond for financing development shows confidence in organizations
The World Bank's benchmark bond was set at its tightest spread to U.S. treasuries in the organization's history.
Marathon U.N. climate summit falls short on global carbon markets
Nations agreed to little more than another pledge to make more cuts in carbon dioxide and other heat-trapping gases.
World Bank and IMF caution on slowing growth in global economy
Leaders of the financial institutions called on 189 member nations for help in easing trade and geopolitical tensions.
World Bank and IMF accent small island nations at their fall meetings
The economic outlook challenges countries already struggling with climate change, trade wars, and geopolitical tensions.
IMF report says a global carbon tax will be needed within a decade
The global lending institution said carbon emissions could be cut by 35% over the next decade through a $75 per ton tax.
Georgieva starts in new post as chief of the International Monetary Fund
Bulgarian economist Kristalina Georgieva emphasized the IMF must deal with inequality, climate risk, and technology.
IMF forecasts hit to global GDP from Trump's trade war with China
Tariffs imposed or threatened by the U.S. and China could reduce global economic output by 0.8% in 2020.
G-20 major economies focus on U.S.-China trade war and tax loopholes
Finance leaders projected moderate global growth and recovery but warned of risks from a prolonged trade war.
Queen reminds Trump of the importance of multilateral virtues
The British monarch touted global institutions the U.K. and U.S. helped create after World War II — to prevent a third one.
Ivanka Trump says she declined chance at World Bank presidency
The president's eldest daughter said in an interview that her father had asked her if she would be interested in the job.
Former Trump economic adviser begins World Bank presidency
David Malpass now oversees one of the most important international organizations set up after World War II.
Who will be the winner of the U.S.-China trade war winner? Neither.
The biggest beneficiaries are likely to be the E.U., Mexico, Japan, Canada, South Korea, India, Australia and Brazil.