ZURICH, Switzerland — The International Monetary Fund (IMF) lauded President Ferdinand "Bongbong" Marcos Jr. for his leadership amid the various " more complex challenges" that the Philippines faced. President Ferdinand ‘Bongbong’ Marcos Jr. and International Monetary Fund managing director...
The year 2023 has been acknowledged by the International Monetary Fund as a year of global economic recession that would hit one-third of the world’s economy. The economic difficulties have been brought about by Russia’s war in Ukraine, causing oil prices to rise to historic levels, disrupting...
Two development partners of the Philippines and a US-based think tank have recommended the establishment of a sovereign wealth fund (SWF), the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the Asian Development Bank (ADB), the International Monetary...
WASHINGTON (AFP) - The IMF on Thursday urged advanced economies in the G20 to extend and improve their debt relief initiative, warning that many countries face a dire crisis without the help. (FILES) In this file photo an exterior view of the building of the International Monetary Fund (IMF), with...