News Articles on {?keyword?} | ABS-CBN News

'Green' investments to create up to 30 million jobs in Southeast Asia by 2030: ADB

Bruce Rodriguez, ABS-CBN News
Posted at May 04 05:30 PM

Economies in Southeast Asia including the Philippines can create up to 30 million new jobs through 2030 if they invest more in green growth opportunities, according to the Asian Development Bank. Read more »

IMF says PH economy could grow by 6.9 percent but warns of COVID-19 risks

ABS-CBN News
Posted at Apr 29 12:17 PM

MANILA - The International Monetary Fund has upgraded its Philippine economic growth forecast this year to 6.9 percent from 6.6 percent but warned of downside risks due to uncertainties brought by the pandemic.  Read more »

COVID vaccination delays top risk for global economy: IMF official

Agence France-Presse
Posted at Apr 14 12:19 PM

Delays in COVID-19 vaccinations are the top risk facing the global economy, and getting people in poor countries inoculated should be a top priority, the IMF's chief economist said Tuesday. Read more »

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

Delphine Touitou, Agence France-Presse
Posted at Apr 12 08:29 AM

Low-income countries face a double crisis -- they are under pressure to pay down their debt while also confronting environmental problems. Read more »

IMF warns more funding needed to safeguard global economy

Heather Scott, Agence France-Presse
Posted at Apr 09 03:08 AM

US Treasury Secretary Janet Yellen pushed for "significant" new spending to ensure a solid rebound from the damage inflicted by the COVID-19 pandemic. Read more »

Cut the debt of poor countries, Pope Francis tells IMF, World Bank

Reuters
Posted at Apr 08 08:46 PM

VATICAN CITY - Pope Francis has told world financial chiefs that poor countries hit by the economic impact of the coronavirus need to have their debt burden reduced and be given a greater say in global decision making. Read more »

IMF chief worried about middle-income countries, urges expanded definition of 'vulnerable'

Andrea Shalal, Reuters
Posted at Apr 08 09:09 AM

The head of the International Monetary Fund on Wednesday said she would discuss with IMF members whether they back offering low- and no-interest financing to middle-income countries hit hard by the pandemic, not just the poorest countries. Read more »

G20 to boost IMF war chest, extend debt-servicing freeze -draft

Jan Strupczewski and Andrea Shalal, Reuters
Posted at Apr 07 10:33 PM

World finance chiefs will agree on Wednesday to boost reserves at the International Monetary Fund by $650 billion and extend a freeze on developing countries' debt servicing to help them deal with the coronavirus pandemic, a draft statement said. Read more »

IMF says investments in vaccines 'pay for themselves'

Agence France-Presse
Posted at Apr 07 08:46 PM

Public spending aimed at accelerating Covid-19 vaccination campaigns and ending the pandemic will generate returns and boost economic growth, the IMF said on Wednesday.   Read more »

IMF sees stronger global growth as some COVID clouds begin to clear

David Lawder, Reuters
Posted at Apr 07 02:13 AM

The International Monetary Fund said unprecedented public spending to fight the COVID-19 pandemic would push global growth to 6% this year, a rate unseen since the 1970s.   Read more »

IMF upgrades global growth outlook again as some COVID clouds begin to clear

Rob Lever, Agence France-Presse
Posted at Apr 06 09:19 PM

The International Monetary Fund raised its outlook for global economic growth again on Tuesday, forecasting worldwide output would rise 6 percent this year, a rate unseen since the 1970s, thanks largely to the unprecedented policy responses to the COVID-19 pandemic.   Read more »

New IMF reserves could fund vaccinations for low-, middle-income countries -report

Andrea Shalal, Reuters
Posted at Apr 06 11:22 AM

Moves to bolster the IMF's emergency reserves could provide the $44 billion needed to vaccinate 70% of the population in lower- and middle-income countries by the end of 2022, at no added cost to rich countries, a new Rockefeller Foundation report finds. Read more »

Pandemic sharpens inequalities and could fuel unrest, warns IMF

Agence France-Presse
Posted at Apr 02 09:11 AM

Poorest families have been hit particularly hard, and the damage to education could last for years, the International Monetary Fund said in a report. Read more »

IMF to boost global outlook again, warns financial conditions uncertain

Andrea Shalal, Reuters
Posted at Mar 31 03:04 AM

The global economy was on firmer footing, but developments are diverging dangerously across regions and countries, and even within nations.   Read more »

IMF sees signs of stronger global recovery, but significant risks remain

Andrea Shalal, Reuters
Posted at Mar 21 09:56 AM

The No. 2 official at the International Monetary Fund on Saturday pointed to emerging signs of a stronger global economic recovery, but warned that significant risks remained, including the emergence of mutations of the coronavirus. Read more »

More than 200 groups urge G20 to back IMF issuance to help poor countries in pandemic

Reuters
Posted at Feb 25 08:35 AM

In an open letter to the International Monetary Fund and G20 finance ministers, the groups said a new allocation of SDRs would boost the reserves of all countries and avoid pushing low- and middle-income countries further into debt distress. Read more »

IMF recommends more fiscal aid, monetary easing for S. Korea

Reuters
Posted at Jan 28 09:51 AM

South Korea may need more fiscal aid and monetary easing to support a faster economic recovery from the coronavirus pandemic, the International Monetary Fund (IMF) mission said on Thursday. Read more »

PH shares extend losses for 2nd day

ABS-CBN News
Posted at Jan 27 10:14 PM

Philippine shares extended their losses for a second straight day as the International Monetary Fund downgrades its growth projection for the country. Read more »

IMF lifts global growth forecast for 2021, still sees 'exceptional uncertainty'

Andrea Shalal, Reuters
Posted at Jan 27 06:52 AM

The International Monetary Fund on Tuesday raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn last year - the biggest peacetime contraction since the Great Depression - would be nearly a full percentage point less severe than expected.   Read more »

IMF chief sees 'high degree of uncertainty' in global outlook

Andrea Shalal, Reuters
Posted at Jan 19 11:08 AM

The head of the International Monetary Fund on Monday said the global lender needed more resources to help heavily indebted countries, citing a highly uncertain global economic outlook and a growing divergence between rich and poor countries. Read more »