Mohamed A El-Erian, president of Queens’ College at the University of Cambridge, is a professor at the Wharton School of the University of Pennsylvania and the author of The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse ( Random House, 2016) The International Monetary Fund’s revised World Economic Outlook is sobering. … Read more
The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require “adequate assurances” that the island country’s debts can be put on a sustainable path. In a statement emailed to Reuters, IMF Sri Lanka Mission Chief Masahiro Nozaki, said that IMF … Read more
From Sri Lanka, to Nepal and Pakistan, the neighborhood is seeing economic turmoil. .
Ukraine’s economy is expected to contract by 10% in 2022 as a result of Russia’s invasion, but the outlook could worsen sharply if the conflict lasts longer, the International Monetary Fund said in a staff report released on Monday. The report, prepared ahead of the IMF’s approval of $ 1.4 billion in emergency financing, said … Read more