G-20 agrees to 'common framework' for debt relief
The G-20 major economies agreed to a framework for more debt relief among poor nations, responding to appeals from humanitarian and economic leaders.
International Monetary Fund (IMF)
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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Envoy says 126 nations seek carbon neutrality
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 urge G-20 to outdo debt suspensions
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.
IMF sees global economy shrinking 4.4% in 2020
The pandemic-hit global economy is expected to contract by as much as 4.4% this year, the International Monetary Fund forecast.
Organizations call on G-20 to cancel debts
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.
IMF forecasts 4.9% drop in world economy
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.
IMF warns of worst recession since 1930s
The global economy will likely suffer the worst financial crisis since the Great Depression due to pandemic disruptions and shutdowns, IMF forecast.
G-20 pledges $5 trillion to fight virus
G-20 major economies promised to spend more than $5 trillion to prop up the global economy and hasten recovery from the pandemic.
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.
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.
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.