imf world bank begin push to swap debt relief for green projects

IMF, World Bank begin push to swap debt relief for green projects

The idea of forgiving debt held by poor countries in exchange for "green" investments gained ground this week during the spring meetings of the IMF and World Bank, with concrete proposals expected in time for a global climate summit this fall.
imf vietnams inflation in 2021 may remain at 4 per cent

IMF: Vietnam’s inflation in 2021 may remain at 4 per cent

The prolonged COVID-19 pandemic is forecast to keep hampering Vietnam from reducing inflation this year, despite the strong efforts to stimulate fiscal and monetary policies.
vietnam to outperform singapore in terms of gdp growth in 2020

Vietnam to outperform Singapore in terms of GDP growth in 2020

Vietnam is anticipated to see positive GDP growth of $340 billion by the end of 2020 which will help the country’s GDP exceed Singapore's, becoming the fourth-largest economy in Southeast Asia.
imf says global economic outlook better than june prediction

IMF says global economic outlook better than June prediction

The global economic outlook is less bleak than projected in June, an IMF spokesman said Thursday, hinting that the organization's forecasts for growth will be raised next month.
imf staff reaches agreement with ecuador on 65 bn loan

IMF staff reaches agreement with Ecuador on $6.5 bn loan

IMF staff reached an agreement with Ecuador on Friday on a $6.5 billion, 27-month loan program to help the country deal with the dual shock of Covid-19 and the plunge in oil prices.
more tinkering required for draft law on ppp

More tinkering required for draft law on PPP

Despite unprecedented revenue-risk allocation in the draft Law on Public-Private Partnerships, international developers are urging Vietnam to make additional changes ahead of the National Assembly’s adoption to increase future bankability. 
vietnams gdp forecast to rise by 7 per cent in 2021

Vietnam's GDP forecast to rise by 7 per cent in 2021

This year, the IMF forecast that Vietnam’s GDP would fall to 2.7 per cent, to be followed by a rise back up to 7.0 per cent in 2021.
technology giant apple will produce millions of airpods in vietnam

Technology giant Apple will produce millions of AirPods in Vietnam

US-based technology giant Apple will allegedly produce millions of wireless earphones called AirPods in Vietnam from this quarter – a clear move to diversify its manufacturing operations.
imf cuts philippine 2020 gdp growth forecast to 06 percent

IMF cuts Philippine 2020 GDP growth forecast to 0.6 percent

The International Monetary Fund (IMF) has slashed its growth outlook for the Philippines for 2020 from 6.3 percent to 0.6 percent due to the impact of the coronavirus disease 2019 (COVID-19).
stress test necessary exercise to prepare for covid 19 impacts

Stress test – Necessary exercise to prepare for COVID-19 impacts

The impacts of COVID-19 are gradually appearing in many economies as the disease rapidly spreads across the globe. International organisations like the IMF, World Bank, and many financial institutions in the world have critically lowered their forecasts for the global economy and many countries as the PMI (purchasing managers’ index) indicators of many countries are starting to show signs of an incoming recession.
clear we have entered recession imf chief

'Clear we have entered recession': IMF chief

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said on Friday (Mar 27).
290 million students out of school worldwide as global covid 19 battle intensifies

290 million students out of school worldwide as global COVID-19 battle intensifies

Almost 300 million students worldwide faced weeks at home on Thursday (Mar 5) with Italy the latest country to shut schools over the deadly coronavirus, as the IMF urged an all-out, global offensive against the epidemic.
imf world bank funds ready to fight coronavirus outbreak

IMF, World Bank funds ready to fight coronavirus outbreak

The International Monetary Fund and World Bank are ready to provide countries in need with immediate emergency funding to fight the coronavirus outbreak, a spokesman said on Thursday (Feb 27).
imf warns coronavirus hitting a fragile global economy

IMF warns coronavirus hitting a fragile global economy

In the best-case scenario, the economic hit from the epidemic in China will be short-lived, but it comes as the global economy remains fragile, IMF chief Kristalina Georgieva said on Wednesday (Feb 19).
covid 19 could damage global growth in 2020 imf

COVID-19 could damage global growth in 2020: IMF

The coronavirus epidemic could damage global economic growth this year, the IMF head said on Sunday (Feb 16), but a sharp and rapid economic rebound could follow.