Thursday, May 21, 2026
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Tag: International Monetary Fund

IMF warns of varying recoveries post COVID

Washington—The IMF on Thursday warned of “diverging recoveries” among global economies as they struggle with the ongoing COVID-19 pandemic, even as vaccines are approved. “We...

China crackdown reduces Big Tech firms down to size

Shanghai, China—Tighter regulations, billions in lost overseas share value and government pledges to get even tougher—Chinese tech giants are reeling under what looks like...

Reopening expected to lift economy from deep slump

The Philippine economy is expected to rebound from the 9.5-percent contraction in 2020, the deepest slump on record, as it resumes reopening of businesses...

Economy sank 9.6% in 2020, says IMF

The International Monetary Fund said Tuesday it expects the Philippine economy to rebound 6.6 percent this year, after sinking by an estimated 9.6 percent...

Alibaba Cloud, LGMS form partnership to offer enhanced security

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, and LGMS, a leading cyber security consulting company, have formed a global partnership...

IMF board approves disbursement of $487.5M to Angola

The International Monetary Fund’s executive board announced Monday it had approved the disbursement of $487.5 million to Angola, which is suffering from low oil...

IMF reduces China’s 2021 GDP growth goal to 7.9%

BEIJING, China"•The International Monetary Fund on Friday lowered its 2021 growth forecast for China to 7.9 percent, following a year of “significant human and...

Virus success helps Taiwan buck global economic slump

Taipei, Taiwan"•As the world’s economies reel from the coronavirus pandemic, Taiwan is on track to end the year clocking up enviable growth"•a testament to...

IMF says unlocks $2 billion for pandemic-hit Ecuador

The board of the International Monetary Fund on Monday decided to immediately release $2 billion to help virus-hit Ecuador, the institution announced. The money is...

Bangko Sentral receives positive assessment on 27 out of 29 Basel core principles

The bank secrecy laws and the lack of power of the Bangko Sentral ng Pilipinas to supervise parent companies and their affiliate banks continue...

Gross international reserves soared to $103.8B in October

The country’s gross international reserves soared to a record $103.8 billion as of end-October, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Friday. Diokno said...

Pinoys should see the real China

President Donald Trump has intensified the Cold-War mentality since he stepped into office in 2016. He started by raising the level of the trade...

Lower remittance cut GDP growth in 2nd quarter – IMF

The significant decline in remittances at the height of the COVID-19 pandemic contributed to the sharp contraction of the gross domestic product in the...

China is now the world’s largest economy

"I yield my space to this Harvard professor on Government."   China has now displaced the U.S. to become the largest economy in the world. This is...
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