David Lawder


China and private creditors must join debt relief scheme: IMF

China and private creditors must join debt relief scheme: IMF

WASHINGTON: International Monetary Fund managing director Kristalina Georgieva called on Wednesday for increased participation in debt relief for poor countries by private creditors and China, saying this was key to its success and a potential framework for debt restructurings.Georgieva told a news conference that private creditor participation in a debt …

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Invest in infrastructure for post-Covid growth, IMF urges

Invest in infrastructure for post-Covid growth, IMF urges

The International Monetary Fund on Monday said member governments should seize a low interest rate opportunity to invest in infrastructure to drive recovery from the coronavirus pandemic and a shift toward greener energy.The IMF said in chapters from it fiscal monitor that its research shows public investment in infrastructure, including …

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IMF pushes changes governing debt restructurings

IMF pushes for changes governing debt restructurings

WASHINGTON: International Monetary Fund officials warned on Thursday that risks of a sovereign debt crisis sparked by the Covid-19 pandemic will rise without changes to the international debt architecture, including more transparency for government borrowing.In a blog post and speech, IMF officials called for the G20 debt service suspension initiative …

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Why Trump’s taxes matter

Why Trump’s taxes matter

WASHINGTON: The US government's more than $4 trillion annual budget, the world's largest, relies heavily on individual wage earners whose taxes and retirement benefits are deducted from every paycheck, leaning particularly on the top 20% of income earners.Corporations pay just a fraction of what individuals do into the federal spending …

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US pulls back from broad bans on Xinjiang cotton, tomatoes

US pulls back from broad bans on Xinjiang cotton, tomatoes

The Trump administration on Monday shelved plans for a broad import ban on cotton and tomato products from China's Xinjiang region while announcing narrower bans on products from five specific entities.Department of Homeland Security (DHS) acting Deputy Secretary Kenneth Cuccinelli said the new "Withhold Release Orders" (WROs) on cotton, textiles, …

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US prepares orders blocking cotton, tomato imports from Xinjiang

US prepares orders blocking cotton, tomato imports from Xinjiang

US Customs and Border Protection officials have prepared orders to block imports of cotton and tomato products from western China's Xinjiang region over allegations they are produced with forced labour, although a formal announcement has been delayed.The Trump administration announcement of the actions, initially expected on Tuesday, has been put …

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