In response to the recent protests against Argentina’s economic reforms led by President Javier Milei, the new government has declared that organisers of the demonstrations will be held financially accountable for the associated security costs. The security expenses, totaling 60 million pesos, will be invoiced to the social movements responsible for orchestrating the protests, according to a... 

The concept of Central Bank Digital Currency (CBDC) – the opposite of decentralized crypto – whose purpose can be summed up as a way to keep financial power firmly cemented in the hands of governments and their central banks in the digital age, unsurprisingly has a staunch supporter in the International Monetary Fund (IMF). Both CBDCs and the IMF are global darlings and here, they come together,... 

During a presentation at a conference in Morocco, Kristalina Georgievahe the managing director of the International Monetary Fund (IMF) announced that the global body is “working hard on the concept of a global CBDC platform.” Georgieva declared that Central Bank Digital Currencies need to be interoperable between countries, noting “If we are to be successful, CBDCs could not be fragmented national... 

Argentina is in a very difficult economic situation with inflation over 100 percent in March and a currency, the peso, plummeting in value against the dollar. The country’s central bank recently raised its key interest rate to 91 percent, which is the highest level in over 30 years, reports TT. This has created great difficulties for Argentine borrowers. Restaurant owners in Buenos Aires have... 

The International Monetary Fund (IMF) has issued a warning about the future, which looks grim. If things continue as they are now – and they more than likely will – global food shortages will continue. The result will be supply issues and civil unrest, likely beginning in the Third World and spreading from there. Protests have already erupted in Peru due to unrelenting inflation, and this is probably... 

During an IMF “Debate on the Global Economy” Thursday, International Monetary Fund Director Kristalina Georgieva hinted that the world’s economic overlords may have screwed us all. Moderated by CNBC anchor Sara Eisen, European Central Bank President Christine Lagarde, U.S. Federal Reserve Chairman Jerome Powell, Barbados Prime Minister Mia Mottley, and Indonesian Minister of Finance Sri Mulyani... 

Crisis-hit Sri Lanka has announced that it will halt payments on its foreign debt as its dwindling reserves of dollars are needed to purchase food and fuel. “We have come to a situation where the ability to service our debt is very low. That’s why we decided to go for a preemptive default,” the newly appointed central bank governor, Nandalal Weerasinghe, announced during a briefing on Tuesday. The... 

The international financial watchdog earlier estimated the recent trade rows had already cost the world economy about $700 billion or an 0.8 percent slump in global GDP, outlining the data in a soon-to-be-published annual report by the IMF. Chief of the International Monetary Fund Kristalina Georgieva has described the fearsome possibility of a repetition of the Great Depression, in light of today’s... 

A 2.4 kg chicken is worth 14,600,000 bolivars, or $2.22. Inflation in communist Venezuela this year could top one million percent, the International Monetary Fund (IMF) predicts. This gallery puts the buying power of today’s bolivar into perspective. A kilogram of meat costs 9,500,000 bolivars, or the equivalent of $1.45. Hyperinflation destroys purchasing power of money and encourages hoarding... 

Relations between Europe and the International Monetary Fund (IMF), which have carried out several bailout programs together, may change dramatically as the eurozone intends to replace the fund’s presence in bailouts. The European Commission plans to give more responsibility to the European Stability Mechanism (ESM) which helps eurozone countries to borrow money. The ESM will monitor and enforce... 

German Finance Minister Wolfgang Schaeuble told Greece to carry out unpopular reforms if it wants to stay in the Eurozone, ruling out debt relief for Athens. The warning may signal yet another emergency in the continent already beset by multiple crises. As Eurozone finance ministers prepare to meet in Brussels on Monday to discuss short-term debt relief for Greece, Schaeuble delivered an ultimatum... 

IMF chief Christine Lagarde must stand trial for her role in a €400 million payout case while she was French finance minister back in 2008, France’s highest appeals court has ruled. Lagarde is accused of “negligence” which “resulted in a misuse of public funds by a third party,” the Cour de Cassation, one of France’s courts of last resort, said in a statement on Friday. The IMF... 

The moment is around the corner when Saudi Arabia will face a massive budget deficit, an American political scientist said. “Saudi Arabia is running large budget deficits of 15 to 20 percent of GDP, and is drawing down on its currency reserves,” American political science professor James D. Savage told Iran’s Tasnim news agency. He added that the International Monetary Fund (IMF) estimates... 

The International Monetary Fund is recommending that a million European migrants from the Middle East and Africa be paid below the minimum wage. The international organization argues undercutting the European labor market is the only feasible way to integrate the migrants. EuroActiv, a source for European Union news, reported on Wednesday: For the IMF, employment is the major means by which the refugees... 

Falling oil prices are emptying Saudi Arabia’s state coffers as the country grapples with its military and social needs, according to the French newspaper Les Echos. Plummeting oil prices have ridden roughshod over the state coffers of Saudi Arabia, which is currently trying to cope with its military and social needs, journalist Yves Bourdillon wrote in an article which was published by the...