Kristalina Georgieva: A Time of Promise and D...

African economies began tapping into overseas markets for funding in the early 2000s, after debt burdens had been alleviated by the Highly Indebted Poor Countries (HIPC) Initiative. However, surging interest rates on dollar- and euro-denominated loans in recent years have prompte ...  Show more

Unprecedented debt levels are pressing governments to make tough choices. While aging populations demand more public spending, resources are stretched thin, and the days of cheap borrowing that allowed the debt burden to be kicked down the road are behind us. Rodrigo Valdés and E ...  Show more

Bright or turbulent? Mixed views on the global economy’s prospects The IMF and World Bank spring conference has been hearing mixed views on the immediate prospects for the global economy. IMF Chief economist Pierre-Olivier Gourinchas reckons that ‘turbulence is building and the s ...  Show more

The IMF-World Bank annual meeting takes place in Marrakech just weeks after a deadly Moroccan earthquake. The setting is apt for emerging markets and defaulting countries that are struggling with headwinds from all sides. Listen to our global financial and economic editors discus ...  Show more

A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned. Kristalina Georgieva said 2023 will be "tougher" than last year as the US, EU and China see their economies slow. We ask a former IMF chief economist about ...  Show more

The International Monetary Fund has issued a gloomy forecast for 2023, saying the "worst is yet to come" for the global economy. The IMF says more than a third of the world's economy will shrink in the year to come, including the US, the EU and China. We look at the detail with f ...  Show more