Tag: IMF

According to the International Monetary Fund (IMF) maritime container traffic through the Red Sea has fallen by almost 30% year-on-year, as a result of Houthi attacks on merchant ships off Yemen.

According to the International Monetary Fund (IMF) the inflationary impact of shipping's higher costs is poised to keep building through the end of this year. 

Amid the COVID-19 pandemic, the International Monetary Fund (IMF) estimates that the crisis caused by the disease will be the "worst recession since the Great Depression" , as the global economy is expected to contract sharply by –3% during 2020, much worse than the 2008–09 financial crisis. 

The International Monetary Fund published a report resulting to the fact that curbing corruption could generate about $1 trillion (760.23 billion pounds) in tax revenues annually across the world. In addition to increasing government revenue, fighting corruption can also reduce waste and even help to lift test scores among public school students, while also improving overall public trust in the government.

ICS Chairman writes letter to IMF re fuel charges on shipping

The global recovery may be jeopardized by a sustained rise in oil prices India Saturday warned that the global recovery from the worst financial crisis in decades may be jeopardised by a sustained rise in oil prices and speculative movements in commodity derivative markets."The global recovery may be jeopardized by a sustained rise in oil prices," Reserve Bank of India Governor Duvvuri Subbarao said participating in the International Monetary Fund (IMF) and World Bank spring meetings here."Speculative movements in commodity derivative markets are also causing volatility in prices," he said.Special Drawing Rights or SDRs cannot be a reserve currency in the international payment system as it does not meet the necessary conditions to play this role, Subbarao said."The SDR has to be accepted as a liability at the IMF, has to be automatically acceptable as a medium of payment in cross-border transactions, be freely tradable and its price has to be determined by forces of demand and supply," he said."As the SDR does not satisfy these conditions, it cannot be a reserve currency in the international payment system.""Going by the recent initiatives, if at all there is a move to alter the composition of the SDR basket, we could consider ...