Cyber attacks risk triggering bank runs, warns IMF
The IMF said the risk of significant financial losses from cyber incidents had increased dramatically.It said: “Such losses could potentially...
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‘Shadow bank’ lending risks triggering new financial crisis, warns IMF
Risky lending by “shadow banks” threatens to trigger a new financial crisis, the International Monetary Fund (IMF) has warned.The Washington-based...
IMF warns of new banking crisis year after Silicon Valley Bank collapse
A year after the collapse of Silicon Valley Bank, the International Monetary Fund has warned that US lenders' continued exposure...
HSBC forecasts Egyptian pound to sink further against dollar
HSBC forecasts Egyptian pound to sink further against dollar as devaluation nears HSBC says that the Egyptian pound will sink...
Britain at risk of being sucked into ‘spiral of debt’, says World Bank
Debt levels in other advanced economies are also ratcheting up. The International Monetary Fund recently warned that Joe Biden’s borrowing...
Yellen says U.S. would be ‘responsible for Ukraine’s defeat’ if aid fails in Congress
Ukraine's President Volodymyr Zelenskiy welcomes U.S. Treasury Secretary Janet Yellen, amid Russia's attack on Ukraine, in Kyiv, Ukraine February 27,...
Opinion | The West Is Suffocating the Global South With Debt
Recent aggressive interest rate hikes have not solved the persistent inflation that economies have been experiencing. Indeed, the actual causes...
US Treasury’s Adeyemo sees more actions against Hamas in coming days, weeks
NEW YORK/WASHINGTON, Nov 9 (Reuters) - U.S. Deputy Treasury Secretary Wally Adeyemo told Reuters NEXT on Thursday that the U.S....
Ukraine finance minister says donor ‘tiredness’ growing as war drags on
Ukrainian Minister of Finance Serhiy Marchenko attends an interview with Reuters during the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 14, 2023. REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Oct 14 (Reuters) - Ukraine is finding it harder to secure financial support as the attention of officials in key donor countries shifts to upcoming elections and geopolitical tensions heighten, Finance Minister Serhiy Marchenko told Reuters on Saturday."I see a lot of tiredness, I see a lot of weakness among...
Key takeaways from the IMF/World Bank meetings
World Bank President Ajay Banga, World Bank Secretary Mercy Tembon, Ukraine Minister of Finance Serhiy Marchenko, International Monetary Fund (IMF)...
