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Tag: World Bank

Georgieva (IMF) asks China to provide payment facilities to indebted countries

Georgieva (IMF) asks China to provide payment facilities to indebted countries

  If there is a country that is competing with him IMF, the World Bank and other multilateral organizations in lending to developing economies is China. The latest example came this week when the prime minister of Sri Lanka, the nationalist Gotabaya Rajapaksa announced that he would ask China, and not the IMF, for a […]

Debt of poor countries at the heart of G20 discussions

Debt of poor countries at the heart of G20 discussions

The risk of a financial crisis following the pandemic crisis continues to mount. “Some emerging and developing countries are experiencing financing difficulties that risk to tip them into over-indebtedness or financial instability. “ In its report on financial stability, the day before the virtual meeting of G20 finance ministers, the International Monetary Fund is explicit and sounds […]

Around 2 million babies are born stillborn each year worldwide

Around 2 million babies are born stillborn each year worldwide

Each year, nearly 2 million infants are born stillborn, or one infant every 16 seconds. “A terrible tragedy for a family, a tragedy too often lived in silence, and too frequent in the whole world”, deplores the UN in a report published on Thursday. This represents almost 1.4% of births in 2019, and more than 2% of […]

Coronavirus: the World Bank warns of the rise in extreme poverty

Coronavirus: the World Bank warns of the rise in extreme poverty

Up to 150 million people around the world will fall back into extreme poverty with less than $ 1.90 a day to support themselves, according to the World Bank. A scourge that risks endangering democracy in some countries, alerts the multilateral institution. The goal of eradicating extreme poverty in the world by 2030 is receding. Blame it […]

US-China phase one trade deal may not hold, tariffs could return: Expert

US-China phase one trade deal may not hold, tariffs could return: Expert

China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on Nov. 9, 2017. Nicolas Asfouri | AFP | Getty Images China could face difficulties fulfilling its commitment in the so-called phase one trade deal with the U.S., allowing President Donald Trump to […]