International Monetary Fund (IMF) | World Economic Forum The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests
IMF: What does the world’s ‘financial firefighter’ do? | World Economic . . . IMF loans are often accompanied by mandated economic reforms These conditions can include controversial adjustments like fiscal austerity measures, privatization and interest rate hikes Many of the mandated reforms have been criticized, with detractors arguing that the conditions can harm the public and are not fair to developing countries
Discover this weeks must-read finance stories | World Economic Forum The IMF report also highlights the broader impact of ongoing trade disputes, noting that tariffs could drive up inflation in the US and increase financial instability worldwide With tariffs rising, US consumer prices are expected to grow by 3% this year, a full percentage point higher than previous forecasts
Lessons for the IMF from the Greek crisis | World Economic Forum (2) Equally important, the IMF failed to prioritise a strategy for Greece to regain competitiveness The programme initially made a correct diagnosis of Greece’s major competitiveness problem The problem was a result of the pre-crisis Ponzi scheme with ever-increasing deficits financing higher public salaries and rising pensions
Discover this weeks global economy and finance stories | World . . . The IMF recently raised Brazil’s growth forecast for this year to 3 0%, marking the largest upward revision among major economies The Bank of Canada cut its key benchmark rate by 50 basis points to 3 75% on Wednesday, its first larger-than-usual move in over four years, reports Al Jazeera
Discover this weeks must-read economy stories | World Economic Forum The upcoming IMF and World Bank meetings provide a crucial platform for leaders to address pressing global economic challenges Despite signs of optimism, fragile economic growth remains hampered by inflation, high debt and political uncertainty
IMF, World Bank increase sub-Saharan Africa’s representation | World . . . Sub-Saharan Africa has been offered a seat on the IMF's executive board, underscoring the continent's growing importance It is expected that the World Bank will follow suit Natural resources and a young population make Africa a promising player in the global economy, but it is underrepresented in decisions regarding IMF and World Bank funding
Economic growth and finance at Davos 2025 - The World Economic Forum Space technologies can tackle many of the world’s most pressing business and societal challenges This report by the World Economic Forum and McKinsey Company shows that lower costs and improved access to space-enabled technologies such as communications; positioning, navigation and timing; and Earth observation services could take the global space economy to $1 8 trillion by 2035, up from
Trade tensions, debt warnings, and a call for unity: The 2025 World . . . The annual Spring Meetings of the IMF and the World Bank were marked by a sombre tone this year Concerns and reduced growth projections were based on the recent surge of tariffs and protectionism, and there was debate about the role of international financial institutions in addressing climate change