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Tag: World Bank

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With Millions Facing Starvation, US Treasury Unveils Plan to Address Food Crisis
On May 18, the U.S. Treasury along with several global development banks, in collaboration with other groups, announced a multi-billion dollar plan to address the worldwide food security crisis that has only deepened following Russia’s...
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World Bank Paints Grim Economic Picture For Dozens of Low to Middle-Income Countries: New Report
The World Bank has released its annual report, this year titled, “Finance For an Equitable Recovery,” detailing the financial fallout — due to the COVID-19 pandemic — currently being experienced by dozens of low- to...
International Monetary Fund (IMF) Managing Director Kristalina Georgieva (R) speaks with Chinese Premier Li Keqiang (L) during a press conference for the the Fourth 1+6 Roundtable Dialogue at Diaoyutai State Guest House on November 21, 2019 in Beijing, China.
Favoring China: IMF Meeting to Decide Fate of Managing Director Ends Without Resolution
The executive board of the International Monetary Fund (IMF) met on Oct. 8 to discuss the fate of incumbent Managing Director Kristalina Georgieva following a controversy linked to communist China. However, the meeting was adjourned...
Experts at a meeting earlier this month between the World Bank and International Monetary Fund (IMF), including IMF director Kristalina Georgieva, discussed measures to help ease debt burden in poor countries.
Developing Nations Risk Falling in Chinese Belt-and-Road Style COVID-19 Debt Traps
As developing countries continue to accrue debt due to the Coronavirus Disease 2019 (COVID-19) pandemic, economists are concerned that creditors such as China will exploit their situations through debt-trap diplomacy. While panelists at a recent...