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The Latest Breaking News from International Monetary Fund

Biden Moves To Regulate Bitcoin

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

Benzinga

IMF, World Bank Postpone Plans for Annual Meetings in Morocco

The International Monetary Fund and World Bank on Monday said they would postpone plans to hold their 2022 annual meetings in Marrakesh, Morocco, until October 2023, because of uncertainty about the COVID-19 pandemic. This year's annual meetings will instead take place in Washington in October, the two global institutions said…

Asharq Al-Awsat

Build Back Better is a good slogan, but it won’t work if prices rise

It was the phrase on everyone’s lips. We were going to “Build Back Better”. Boris Johnson, Joe Biden, New Zealand’s Prime Minister Jacinda Ardern, Greenpeace, the United Nations and the International Monetary Fund have all used these “magic” words. Their meaning is, of course, a matter of taste: we can…

Evening Standard

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IMF Says China's Economic Imbalances Have Worsened

Imbalances in the Chinese economy have worsened and delayed China's transition to consumption-led growth, the International Monetary Fund said in an annual review on Friday, slashing its outlook for the country this year.

Bangkok Post

World news round-up: US shooting, $50m for koala bears and Brits back in Spain

Koala conservation funding in Australia is set to be boosted with a multi-million-pound commitment for habitat restoration, population monitoring and research into animal health

Wales Online

IMF urges El Salvador to scale back its Bitcoin push

The International Monetary Fund says that El Salvador should dissolve the $150 million trust fund it created when it made the cryptocurrency Bitcoin legal tender and return any of those unused funds to its treasury

The Independent UK

IMF Wants El Salvador To Drop Bitcoin, But Some Salvadorans Aren't Having It

The International Monetary Fund (IMF) criticized Bitcoin (CRYPTO: BTC) and warned Salvadorans to rethink the idea.

Benzinga

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Argentina reaches agreement with IMF to refinance debt

Argentina says it has reached an agreement with the International Monetary Fund to refinance more than $40 billion in debt

The Independent UK

IMF: A Disrupted Global Recovery

Global growth will come in at 4.4% this year, 0.5 percentage point lower than previously forecast, mainly because of downgrades for the U.S. and China

Caixin Global

Argentina faces $1.1 billion debt repayment deadline as IMF protests simmer

Argentina is facing deadlines for nearly $1.1 billion in debt repayments to the International Monetary Fund (IMF) by Tuesday amid uncertainty over whether the South American country will pay and tense talks to revamp around $40 billion in loans.

Reuters

India's jobs challenge: How to get more people into work as economy recovers?

India's economy is expected to grow by 8.7 percent this year, according to the latest forecast from the International Monetary Fund, but participation in the labour force has fallen and unemployment has risen to a four-month high. How can India jump-start its labour market along with the economy? Stephen Carroll…

France 24

IMF urges El Salvador to abandon bitcoin as legal tender

IMF directors expressed concern over risks associated with issuing bitcoin-backed bonds

The Independent UK

Edward Snowden, Nayib Bukele And Others Reacts To IMF Wanting El Salvador To Drop Bitcoin: 'Somebody Sounds Nervous'

Former intelligence contractor Edward Snowden took aim at the International Monetary Fund (IMF) for dishing out advice to El Salvador on its use of Bitcoin (CRYPTO: BTC) as legal tender.

Benzinga

'Drop Bitcoin!' International Monetary Fund Urges El Salvador

International Monetary Fund (IMF) executive board members urged El Salvador authorities to drop Bitcoin's (CRYPTO: BTC) adoption, warning there could be dire consequences for the nation if it keeps using the cryptocurrency.

Benzinga

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ABC News

US stocks close down as interest rate worries continue to bite, IMF cuts growth outlook

Wall Street indices close lower after a day of choppy trading as interest rate hike concerns and geopolitical tensions worry investors. Inflation and Omicron set to dent global growth.

France 24

IMF warns of 'disrupted global recovery'

The International Monetary Fund has slashed its forecast for the global economic recovery, warning of "multiple challenges" including new variants of Covid-19, high inflation and ongoing disruption to global supply chains. Petya Koeva Brooks, Deputy Director of the IMF's Research Department, discusses the risks and policy challenges as the pandemic…

The Independent UK

IMF urges El Salvador to drop Bitcoin as legal tender

The International Monetary Fund wants El Salvador to drop the highly volatile cryptocurrency Bitcoin as legal tender and strictly regulate the electronic wallet the government has pushed adoption of across the country

Al Jazeera

Recovery disrupted: IMF cuts global economic growth forecast

Cut to global forecast largely reflects downward revisions to US and China outlooks.

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The Independent UK

IMF cuts world growth forecast due to omicron, other woes

The International Monetary Fund is downgrading its forecast for the world economy this year

The Guardian - UK

Inflation and Omicron will dent world growth in 2022, says IMF

Global growth downgraded to 4.4% as body predicts especially marked slowdown for US and China

The Independent UK

UK growth outlook cut as Omicron and supply chain troubles bite, says IMF

The International Monetary Fund has downgraded its UK growth forecast for 2022 to 4.7%, from the 5% predicted in October.

The Times of India

IMF cuts India's GDP forecast to 9% for FY22

NEW DELHI: The International Monetary Fund (IMF) on Tuesday slashed India's economic growth forecast for financial year 2021-22 to 9 per cent on concerns over impact of new Covid variant.

The Guardian - UK

UK factories plan price hikes; IMF backs support over energy prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Pfizer launches Omicron vaccine trial; UK reports highest daily deaths since February – as it happened

Company hopes vaccine will be ready for approval by March; UK reports 439 deaths and more than nearly 95,000 cases

Reuters

IMF to meet with all Chad's creditors by end of January - spokesperson

The International Monetary Fund will present an updated macroeconomic framework to all of Chad's creditors by the end of January, an IMF spokesperson said on Monday, amid pressure for creditors to finalize a debt restructuring plan with the African country.

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