IMF encourages countries affected by COVID to keep spending on safety net

Oct 13, 2020
For the world's poorest, the pandemic has exacerbated their situation.
A woman walks past a promotional poster for the virtual 2020 International Monetary Fund annual meetings, outside their  headquarters in Washington, D.C., on Oct. 13, 2020.
Andrew Caballero-Reynolds/AFP via Getty Images

The IMF predicts the global economy will shrink by 5% this year

Jun 24, 2020
That means fewer jobs and more debt. And the U.S. may be in for even worse.
A man passes graffiti about the coronavirus in Beirut, Lebanon. The IMF is predicting a world-wide downturn of 5% as people spend less money while stuck at home due to COVID-19.
Patrick Baz/AFP via Getty Images

This crisis is hard on us. It's even harder on countries that aren't rich.

May 21, 2020
Capital has fled emerging markets on a massive scale. Currencies are down, debt burdens are rising and people are falling into poverty.
A family walks down the street in Sao Paulo, Brazil. The value of that nation's currency, the real, has plummeted.
Rodrigo Paiva/Getty Images

IMF says global economy will shrink 3% this year because of COVID-19

Apr 14, 2020
IMF economists talked to epidemiologists and tried to estimate how much COVID-19 restrictions will affect the economy.
Forecasts could change dramatically based on policy decisions made around the global COVID-19 pandemic.
Karen Bleier/AFP via Getty Images

In COVID-19 outbreak, IMF urges coordinated action

Mar 5, 2020
The IMF had a call with 189 member countries Tuesday to discuss a coordinated response to COVID-19.
IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass bump elbows instead of shaking hands at a press briefing on COVID-19 in Washington, D.C., on March 4, 2020.
Nicholas Kamm/AFP via Getty Images

IMF says U.S.-China tensions impede global growth

Oct 15, 2019
0.8% may not sound like a lot, but on a global scale, it's different.
The IMF released a report saying global growth would be larger if the U.S.-China trade war ended. Above, workers prepare a shipping container at a port in the Shandong province of China in January, 2019.
STR/AFP/Getty Images

IMF's acting director on U.S. and China: "It takes two to tango"

Aug 5, 2019
"Both sides should sit down and talk more," says David Lipton of the International Monetary Fund.
Then-IMF First Deputy Managing Director David Lipton in 2018.
Saul Loeb/AFP/Getty Images

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The IMF cuts global growth outlook to 3.3 percent

A conversation with the IMF's chief economist about the lowest global growth rate since the financial crisis.
IMF Chief Economist Gita Gopinath speaks during a press conference in Washington, DC on April 9, 2019.
Andrew Caballero-Reynolds/AFP/Getty Images

IMF's Christine Lagarde: a firefighter and an architect

Feb 21, 2019
The International Monetary Fund managing director on her dual role, the rise of inequality, the repercussions of the global trade war and women in finance.
Christine Lagarde, managing director of the International Monetary Fund, during the IMF and the World Bank Group 2018 spring meetings in Washington, D.C., in 2018.
Jim Watson/AFP/Getty Images

Questions abound as World Bank seeks new leader

Jan 8, 2019
The head of the World Bank, Jim Kim, announced his resignation Monday — a surprise given that he’s still got a few years left on his term. So now the search is on to find his replacement. Traditionally, the World Bank’s been led by an American, while the International Monetary Fund has been run by […]