Trends - Kristalina Georgieva - Business Recorder

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IMF chief says she ‘did not pressurise anyone’ while at WB

WASHINGTON: After an investigation found she used her senior role at the World Bank to manipulate data in favor of...

Published 26 Sep, 2021 04:38am

Markets

IMF execs meets over charges boss changed data to favor China

The board did not announce any immediate decision and said it would meet again soon

Published 22 Sep, 2021 10:17am

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Allegations of favouring China could erode confidence in IMF chief

A storm of controversy threatens to undermine Kristalina Georgieva’s leadership of the IMF as experts, US ...

Published 19 Sep, 2021 03:56am

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IMF chief denies altering WB report to appease China

WASHINGTON: IMF chief Kristalina Georgieva on Thursday disputed an independent investigation which found that in her...

Updated 18 Sep, 2021 09:55am

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IMF board reviewing report

WASHINGTON: The executive board of the International Monetary Fund is reviewing an independent report prepared for...

Updated 18 Sep, 2021 09:53am

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UN chief for an injection of cash into Afghanistan

Appeal comes to avoid economic meltdown that would spark a 'catastrophic' situation for the Afghan people and be a 'gift for terrorist groups'

Updated 12 Sep, 2021 11:56am

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IMF hails PM's role in evacuation of personnel from Afghanistan

ISLAMABAD: The International Monetary Fund (IMF) has appreciated Prime Minister Imran Khan's role in the safe and...

Published 25 Aug, 2021 04:43am

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PIA evacuates 1,460 people from Kabul

KARACHI: Pakistan International Airline (PIA) has evacuated 1460 passengers mostly 'foreign nationals' from Kabul...

Published 25 Aug, 2021 04:43am

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IMF's $650bn reserves distribution is 'shot in arm'

WASHINGTON: The IMF will distribute about $650 billion in new Special Drawing Rights to its members on Monday,...

Published 24 Aug, 2021 05:12am

World

IMF's $650bn reserves distribution is 'shot in arm' for global economy: Georgieva

"The allocation is a significant shot in the arm for the world and, if used wisely, a unique opportunity to combat this unprecedented crisis"

Published 23 Aug, 2021 06:31pm

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Global liquidity booster

EDITORIAL: Finance Minister Shaukat Tarin in his most recent press conference revealed that the International...

Published 16 Aug, 2021 05:59am

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Pakistan's reserves likely to increase by $2.8bn

ISLAMABAD: The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of...

Updated 04 Aug, 2021 09:55am

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IMF officially approves $650bn new reserves for member countries

NEW YORK: The IMF board of governors on Monday greenlit a $650 billion increase in cash reserves for member nations,...

Published 04 Aug, 2021 03:40am

Markets

Pakistan's forex reserves set for boost as IMF officially approves increased lending capacity

Emerging and developing nations are to receive around $275 billion in total
Fitch Ratings had earlier said that Pakistan's foreign exchange reserves could get a boost of $2.8 billion with newly-issued SDRs

Updated 03 Aug, 2021 04:56pm

World

IMF to keep 2021 global growth forecast at 6%: Georgieva

Says economic recovery will be held back unless the pace of COVID-19 vaccination picks up

Updated 22 Jul, 2021 01:41am

Business & Finance

Tax reform tops agenda as G20 finance chiefs meet in Venice

The G20 is expected to give its political endorsement to plans for new rules on where and how much companies are taxed which were backed last week by 130 countries

Published 09 Jul, 2021 10:26am

Business & Finance

IMF chief cheers lending expansion ahead of G20 meeting

If approved by the Washington-based crisis lender's Board of Governors, the new SDR allocation will be completed by the end of August, Georgieva said

Published 09 Jul, 2021 09:21am

Business & Finance

IMF will decide on reserve increase in 'coming days': Georgieva

SOFIA: The IMF is set to vote on a proposal to increase the institution's lending capacity by $650 billion "in the...

Published 09 Jul, 2021 04:25am

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IMF chief urges G20 to prevent ‘devastating’ blow to poorest

WASHINGTON: The world's richest nations must do more to help the poorest countries withstand the "devastating...

Updated 08 Jul, 2021 10:29am

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IMF says board discusses $650bn expansion of reserves, process to be completed in August

WASHINGTON: The International Monetary Fund’s executive board on Friday discussed a proposed $650 billion ...

Published 27 Jun, 2021 03:56am

Markets

G7 finance talks to seek corporate tax deal

Zucman calculates that a 25 percent rate would collect an extra 170 billion euros ($208 billion) this year -- or half of Europe's total current corporate tax revenue.

Published 02 Jun, 2021 10:48am

Markets

IMF, World Bank prioritize vaccine access to end pandemic

But observers are pressing the institutions to do more, faster.

Published 02 Jun, 2021 10:42am

World

IMF says ending COVID-19 pandemic possible at cost of some $50bn

Highly unequal vaccination rates.
Rich countries would benefit from boosting donations.
Even with vaccinations, countries return to 'precarious normal'.

Published 21 May, 2021 09:08pm

Business & Finance

IMF announces financing plan aimed at Sudan debt relief

On Monday, Georgieva called the relief "a priority for the IMF."

Published 11 May, 2021 11:21am

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The global economic response to climate change: what’s the plan?

World leaders participating in the virtual Earth Day summit are unanimous: fighting climate change will be good for...

Published 24 Apr, 2021 03:21am

World

IMF chief urges G20 to adopt carbon price floor to reach climate goals

A robust price on carbon was needed to ensure that global carbon emissions were reduced in line with the goals of the 2015 Paris climate accord, she said, noting that over 60 pricing schemes had already been implemented.
Setting a price floor could avoid less efficient and contentious border carbon adjustments if some countries moved ahead with robust pricing and others did not.

Published 22 Apr, 2021 08:08pm

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Rephasing of IMF conditions

EDITORIAL: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), tweeted subsequent to a...

Published 14 Apr, 2021 03:21am

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IMF, govt discuss situation

ISLAMABAD: The International Monetary Fund (IMF) and Pakistan, on Monday, held discussions on state of economy,...

Updated 13 Apr, 2021 09:27am

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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...

Published 12 Apr, 2021 03:59am

Business & Finance

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

Their heavily tourism-dependent economies have seen revenues dry up as the coronavirus pandemic severely curtails world travel.

Updated 11 Apr, 2021 05:52pm