IMF warns global public debt is nearing over $100 trillion and won’t stop

by Ananya Chag | Oct 23, 2024 | Business, Featured

WASHINGTON — The International Monetary Fund projected global public debt to exceed $100 trillion by the end of 2024 in its bi-annual Fiscal Monitor report, released Wednesday at the Annual Meetings of the World Bank and the IMF. “Public debt may be worse than it...

Yellen says U.S. is finalizing $20 billion commitment to Ukraine aid

by Ananya Chag and Heather Zhu | Oct 22, 2024 | Business, Featured, Topics

WASHINGTON — Treasury Secretary Janet Yellen said that the U.S. is finalizing a $20 billion contribution to G7’s $50 billion loan to Ukraine in remarks on Tuesday. “We’re 99% of the way there,” Yellen said at a Treasury press conference, starting off the World Bank...

IMF growth projections “good news” for the US, underwhelming globally

by Hannah Webster | Oct 22, 2024 | Business, Featured, Topics

WASHINGTON — The International Monetary Fund nudged its growth forecast for the United States upward Tuesday, amid steady economic growth and a global dip in inflation. The latest World Economic Outlook, released during the IMF annual meeting, projected the U.S....

Goal to have 60% of people in every country vaccinated by mid-2022 not impossible, agency heads say

by Zinya Salfiti | Oct 13, 2021 | Health & Science

WASHINGTON — The goal to have at least 40% of people in every country vaccinated by the end of 2021 and at least 60% by mid-2022 is ambitious but not impossible, World Trade Organization Director General Ngozi Okonjo-Iweala, who is a member of the multilateral...

Senate committee approves sanctioning Russia despite Republican reluctance

by Stephanie Haines | Mar 12, 2014 | Politics

WASHINGTON – The Senate Foreign Relations Committee Wednesday approved legislation that would impose sanctions on Russia for its intervention in Ukraine. The Senate bill would also provide a $1 billion loan to Ukraine and reform the U.S. participation in the...