IMF: China and US Levels of Borrowing May Have “Profound” Effect on Global Economy
The International Monetary Fund has warned that the US and China should each ensure they start borrowing less as their respective debt levels may have a “profound” effect on interest rates paid by other countries and on the economy worldwide, the Wall Street Journal reports.
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Cashless System Being Developed as IMF Releases Virtual Digital Currency Handbook
The International Monetary Fund (IMF) has launched a virtual handbook on Central Bank Digital Currency (CBDC) to serve as a reference guide for Central Banks, aiming to facilitate the implementation of CBDCs and the transition towards a cashless society. However, concerns have been raised about potential heightened government interference in individuals’ personal finances.
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New Global Digital Currency Raising Concerns (Worthy News In-Depth)
An authority linked to the International Monetary Fund, which oversees the world’s monetary system, has launched an international central bank digital currency (CBDC), despite criticism, it will lead to global government control.
Backlash to World Economic Order Clouds Outlook at IMF Talks
Policy-making elites converge on Washington this week for meetings that epitomize a faith in globalization that’s at odds with the growing backlash against the inequities it creates.
Greece Defaults on IMF Debt
Greece’s last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund.
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