IMF slashes global growth outlook amid Ukraine war
21 April 2022 | 1:22 pm
The negative economic effects from Russia's invasion of Ukraine will significantly hurt global growth, the IMF has said. Increasing food and fuel prices have raised the prospect of unrest in poorer countries.
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The $5.4 billion set for disbursement brings the total lent to the Latin American country under the Extended Fund Facility to $28.9 billion. Argentina is the target of the IMF's largest assistance program.
Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions".
Ireland is militarily neutral, but the country has been providing non-lethal assistance to Ukraine, sparking debate in Dublin. What comes next for Irish neutrality?
The West African nation has been under financial strain stemming from the rolling impact of the pandemic, the war in Ukraine, and a range of other global economic trends.
The annual inflation rate in the Eurozone dipped sharply in May to 6.1 percent, its lowest level since Russia invaded Ukraine last year. Despite this, European Central Bank Chief Christine Lagarde hinted at further, more gradual interest rate hikes to bring inflation down to its target of 2 percent.
The war in Ukraine is stirring debate in one of Europe's last neutral states. Switzerland is certainly not looking to scrap neutrality, it’s just not sure what it actually means.
War reporting in the digital age: The flood of video footage from frontline trenches in Ukraine makes covering the war for journalists even more complex.
During her visit to South Africa, German Foreign Minister Annalena Baerbock wants to push for greater efforts to end Russia's war of aggression against Ukraine.
Germany's foreign minister, Annalena Baerbock, is visiting South Africa, where she's expected to push for a stronger commitment to help end Russia's war in Ukraine. Pretoria's claim of neutrality has come under scrutiny, not least after US claims it supplied arms to Russia.
The deal would provide much needed relief to Pakistan, which has been on the verge of default. The IMF board has yet to confirm the agreement.
The agreement should just be viewed as a "stopgap" that gives Pakistan time and some resources needed to pull its economy back from the verge of default, say experts.
Kenyan opposition leader Raila Odinga said on Tuesday Africa 'must take a stand' on the Russia Ukraine war. He was speaking as African leaders prepared to head to St Petersburg to attend the Russia-Africa summit on July 27-29, as Moscow and the West compete for influence in Africa.
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