IMF

Fears of a severe economic downturn are fading as economic growth continued to outpace expectations, and on Tuesday, the International Monetary Fund (IMF) backed up hopes of a soft landing in its quarterly report. The Washington, D.C.-based IMF said economic resilience seen in the second half of...

The annual congregation of the world’s most influential figures at the World Economic Forum (WEF) in Davos has kicked off, bringing together global leaders. From the future of artificial intelligence and climate change to labor market dynamics and geopolitical tensions, this year’s...

In a startling revelation, the International Monetary Fund (IMF) has predicted that artificial intelligence (AI) will have a significant influence on nearly 40% of jobs worldwide, with advanced economies expected to bear the brunt of this impact. What Happened: A recent Bloomberg report ...

Argentine President Javier Milei raised the stake on Thursday, announcing plans to dismantle “sooner or later” the country’s central bank. This radical remark, revealed in an interview with Radio La Red, aligns with Milei’s ultra-libertarian ideology and fulfills a bold...

El Salvador’s financial landscape has witnessed a notable improvement recently, with its dollar-denominated sovereign bonds showcasing an impressive rally. The country’s government bond, due in June 2035 with a 7.65% annual coupon, surged more than 200%, rising from 25 cents on the...

The Argentine peso has depreciated by a staggering 54% following the newly elected President Javier Milei‘s tough economic measures, aimed at rescuing the nation from a deep solvency crisis and hyperinflation. The official exchange rate jumped overnight to an unprecedented 800 pesos per...

IMF Managing Director Kristalina Georgieva called for faster adoption of central bank digital currencies (CBDCs) to improve sluggish and costly cross-border payments at the Singapore FinTech Festival on Wednesday. Georgieva’s Keynote Address Highlights: During her address,...

While inflation has seen some improvement, it remains above the Federal Reserve’s target, Chair Jerome Powell said in remarks Thursday at a conference hosted by the International Monetary Fund. He highlighted the need for continued efforts to bring inflation back to its desired level,...

The joint report issued by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) — IMF-FSB — on crypto regulation oversight has been accepted by the G20 at its recent meeting. What Happened: At its Oct. 12-13 meeting in Marrakesh,...

The IMF’s latest World Economic Outlook paints a promising picture of the U.S. economy, with strong growth and a stable job market, indicating the rising likelihood of a “soft landing” scenario whereby inflation declines in line with a muted output slowdown. However, the IMF...

Kristalina Georgieva, the head of the International Monetary Fund, has expressed support for reforms that would potentially grant Beijing more voting power within the organization.  What Happened: The IMF head, in an interview with the Financial Times, has emphasized the necessity for the...

The International Monetary Fund (IMF) has underscored the imperative of understanding and effectively managing the systemic risks associated with crypto assets.  Titled "Assessing Macrofinancial Risks from Crypto Assets," the report introduces a meticulous framework that delves...

Agustin Carstens, the general manager of the Bank for International Settlements (BIS), has emphasized the importance of establishing legal frameworks to support the implementation and growth of Central Bank Digital Currencies (CBDCs). This topic is expected to be a focal point at Benzinga's...

Amid the anticipation of the upcoming Benzinga's Future of Digital Assets conference on Nov. 14, India is poised to evaluate and determine its stance on cryptocurrencies after assessing the consensus of global leaders on an agreeable crypto regulatory framework. After the G20, or Group of...

The rapid evolution of the crypto-asset landscape has brought forth a plethora of opportunities and inevitable risks. Some nations, including China, Qatar and Saudi Arabia, have implemented outright bans on digital assets. However, a joint policy paper by the International Monetary Fund (IMF)...