IMF


Major EU states, IMF and even Bezos back minimum corporate tax rate

Major EU states, IMF and even Bezos back minimum corporate tax rate

(ATF) Germany, France and the International Monetary Fund were quick and emphatic in their endorsement of the US proposal for a global minimum tax rate for corporations on April 6. Even Amazon CEO Jeff Bezos – who has faced withering criticism from new US President Joe Biden for his company's …

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US pushing G20 for global minimum corporate tax, Yellen says

US pushing G20 for global minimum corporate tax, Yellen says

(ATF) The United States is pushing the G20 grouping to adopt a global minimum corporate tax to stem the erosion of government revenues, US Treasury Secretary Janet Yellen told the Chicago Council on Global Affairs on Monday.In a speech ahead of her first International Monetary Fund and the World Bank's …

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Yuan fights back as IMF shows 26% drop in US dollar holdings

Yuan fights back as IMF shows 26% drop in US dollar holdings

(ATF) China proudly announced that 29 countries support the yuan as the US dollar has been "abandoned" – after a recent IMF report showed the US share of global foreign exchange reserves has plunged by 26%.Not long ago, Ren Zeping, the current chief economist of Soochow (Suzhou) Securities, pointed out …

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Candid thoughts as yuan becomes world’s fifth global currency 

Candid thoughts as yuan becomes world’s fifth global currency 

(ATF) Currently, the yuan still accounts for a low proportion of financial transactions around the world. The latest report of the International Monetary Fund put global foreign exchange reserves at $12.25 trillion as of the third quarter of 2020. Yuan reserves totalled $244 billion, which made it the fifth largest …

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Defeating pandemic is global priority, says IMF official

Defeating pandemic is global priority, says IMF official

(ATF) Defeating the coronavirus pandemic is the world's number one economic priority, a senior IMF official said on February 6.While the global economy has started to climb back from the crisis, the recent resurgence in infections and spread of new variants is delaying a recovery, according to Antoinette Sayeh, the …

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Top IMF economist calls for more stimulus to beat pandemic

Top IMF economist calls for more stimulus to beat pandemic

(ATF) More stimulus is needed to propel the global economy through the coronavirus pandemic, even as vaccines are being rolled out, according to the International Monetary Fund’s top economist.Gita Gopinath said in an interview on Wednesday that the world faces a “pretty dark winter” as a new strain of the …

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G20 leaders vow to help poor nations get Covid vaccines

G20 leaders vow to help poor nations get Covid vaccines

(ATF) Leaders of the world's biggest economies have vowed to help poor countries get fair access to Covid-19 vaccines."We will spare no effort to ensure their affordable and equitable access for all people, consistent with members’ commitments to incentivise innovation," the leaders said in a joint statement. "We recognise the …

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Don’t start the coronavirus celebrations too soon

Don’t start the coronavirus celebrations too soon

(ATF) A vaccine for coronavirus is thankfully in sight, but a swift end to the global economy’s woes is not. Hopes that a recovery will unfold in 2021 are justified, but the path will be bumpy and depend entirely on progress in defeating the disease.The challenge of repairing the economic …

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China on track for 2.2% growth in 2020

China on track for 2.2% growth in 2020

(ATF) China’s 4.9% year-on-year third quarter 2020 GDP growth was lower than my 5.5% forecast. But the new data (released on 19 October) has not changed my fundamental case and forecast trajectory that China’s recovery started after the growth plunge in the first quarter and the second quarter was a …

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IMF slashes Asian forecast

IMF cuts Asia's growth forecast, warns of pandemic-driven risks

(ATF) Asia has emerged from the worst recession in “living memory” but is still expected to post an alarming contraction this year due to the coronavirus pandemic, the International Monetary Fund said Wednesday.The global body said that while some of Asia’s nations were recovering, even after “worse-than-expected outturns in the …

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