U.N. climate chief says next 2 years will be 'essential' to saving the planet
This year and next mark the countdown to a 2025 deadline for governments to strengthen their carbon-cutting plans.
The IMF is a cooperative institution of member countries that lends 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.
Already have an account? Log in
This year and next mark the countdown to a 2025 deadline for governments to strengthen their carbon-cutting plans.
IMF forecasts a strengthening global economy as inflation cools, but warns of the threat of wars and other disruptions.
Russia’s war in Ukraine and the Israel-Hamas war accelerated geopolitical tensions among major powers.
Global economic growth is projected to slow to 2.4% this year, down from 2.7% in 2023 and 3% before the pandemic began.
The heads of some of the biggest multilateral development banks said the world faces a global “polycrisis” affecting development at an unprecedented scale.
African leaders say they have a market-based plan to fight human-caused global warming that will spread economic development among millions of people on the continent.
Speakers blamed major economies for a system that puts profits over fighting poverty and caring for the planet.
As interest rates soar and the economy slows, the World Bank sees an 'enduring setback' for developing economies due to high interest rates, war in Europe and the pandemic.
As the only G-7 member to have joined Beijing's sprawling global pact, Italy had indicated it would leave. But now Prime Minister Giorgia Meloni says the decision is still up in the air.
Ukraine incurred a huge deficit mainly due to its enormous military spending, and had to rely on its central bank printing more money to loan to the government.
Women and girls still don't get the support they need, U.N. Secretary-General António Guterres said, and African nations cannot develop with "one hand tied behind their backs."
With leadership under fire and a community facing an historic convergence of crises, finance ministers and central bankers met at the World Bank and IMF.
The world is on the brink of recession, UNCTAD said in projecting growth slowing to 2.2% in 2023 with cascading crises of debt, health and climate.
While you are reading this sentence, another man, woman or child will have died of starvation. That’s the message of an open letter from hundreds of NGOs.
Skyrocketing food and energy prices caused by Russia's invasion of Ukraine pushed 71 million more people into extreme poverty, UNDP reported.
More than 40 nations and international organizations signed onto a roadmap for Ukraine's recovery with longterm financial, political and technical support.