Ukraine maps US$750B postwar recovery plan
More than 40 nations and international organizations signed onto a roadmap for Ukraine's recovery with longterm financial, political and technical support.
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.
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More than 40 nations and international organizations signed onto a roadmap for Ukraine's recovery with longterm financial, political and technical support.
Proportion of voting rights in international organizations, with only small changes over time to reflect agreement on suspension and negotiated changes.
Share of members of international organizations defined as developing countries.
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The rise of ESG investing creates an "urgent demand for global standards," says an organization working on them as the next U.N. climate summit nears.
A global summit's mood was perhaps best reflected in the U.N. chief beaming at the new U.S. climate envoy's pledge to restore American climate leadership.
The IMF was thrust into a dispute over currency manipulation as the U.S. accused Vietnam and Switzerland of currency manipulation.
The G-20 major economies agreed to a framework for more debt relief among poor nations, responding to appeals from humanitarian and economic leaders.
The top U.N. official for global climate action said 65% of the world body's 193 member nations will seek net zero carbon emissions by 2050.
Experts cautioned a move by the world's richest countries to give the poorest ones more time to pay off debts will not do enough to alleviate massive suffering.
The pandemic-hit global economy is expected to contract by as much as 4.4% this year, the International Monetary Fund forecast.
Four anti-poverty international organizations called on G-20 finance ministers to cancel debts in poor nations so they can deal with the COVID-19 pandemic.
The IMF estimated a 4.9% drop in global GDP for 2020, sharply revising its earlier prediction of a 3% drop due to the pandemic.
The global economy will likely suffer the worst financial crisis since the Great Depression due to pandemic disruptions and shutdowns, IMF forecast.
Leaders of G-20 major economies promised to spend more than US$5 trillion to prop up the global economy and hasten recovery from the pandemic.
WHO and two international foundations launched a first-of-its-kind fund to help vulnerable populations and weak health systems cope with the pandemic.