Andrea Shalal

Analysis: Supply chains, inflation overshadow vaccine, debt woes at IMF-World Bank meetings

Oct 15 2021

WASHINGTON Supply chain woes and growing inflation concerns pushed aside a widening gap in COVID-19 vaccinations and mounting debt problems for developing countries as the top concerns for global policymakers at International Monetary Fund and World Bank annual meetings this week.

World Bank hopes China will boost donation to fund for poorest countries

Oct 14 2021

WASHINGTON (Reuters) -World Bank President David Malpass said on Thursday that he hoped China would increase its donation to the International Development Association fund for the poorest countries.

IMF panel urges central banks to closely monitor inflation, 'act appropriately'

Oct 14 2021

WASHINGTON (Reuters) -The International Monetary Fund's steering committee on Thursday urged global policymakers to monitor pricing dynamics closely, but to "look through" inflationary pressures that are transitory and will fade as economies normalize.

Yellen calls for 'strong action' to boost data integrity at IMF, World Bank

Oct 14 2021

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday called for "strong action" by international financial institutions to protect data integrity and prevent misconduct in the wake of a World Bank data-rigging scandal.

G7 finance officials endorse principles for central bank digital currencies

Oct 13 2021

WASHINGTON (Reuters) -G7 finance officials on Wednesday endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of law and sound economic governance, the Treasury Department said.

U.S. hopeful of reaching deal with EU on metals tariffs by end-October -source

Oct 13 2021

WASHINGTON (Reuters) -The United States is hopeful it can resolve its trade dispute with the European Union over tariffs on steel and aluminum before the end of October, a source familiar with the discussions said on Wednesday.

G20 backs IMF chief's new trust to reach broader range of countries in need

Oct 13 2021

WASHINGTON (Reuters) -IMF chief Kristalina Georgieva on Wednesday won the endorsement of the Group of 20 major economies for a new trust that will allow rich IMF members to donate their share of newly created emergency reserves to a broader range of countries in need.

G20 finance chiefs back tax deal, pledge to sustain recovery, watch inflation

Oct 13 2021

WASHINGTON Finance leaders from the G20 major economies on Wednesday endorsed a global deal to revamp corporate taxation and pledged to sustain fiscal support for their economies while keeping a close eye on inflation.

IMF chief Georgieva says data-rigging scandal won't hamper IMF-World Bank cooperation

Oct 13 2021

WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva on Wednesday distanced herself and the fund from a data-rigging scandal involving her former employer, the World Bank, but said she did not expect the saga to hamper decades of close collaboration between the two institutions.

World News

Venezuelan government suspends negotiations with opposition

CARACAS/PRAIA (Reuters) -Venezuela on Saturday said it would suspend negotiations with the opposition that were set to resume this weekend, after Cape Verde extradited Colombian businessman Alex Saab, a Venezuelan envoy, to the United States on money laundering charges.