The International Monetary Fund (IMF) recently detected a cybersecurity incident that involved nearly a dozen email accounts getting hacked. The hacked accounts were ‘re-secured’ and there is no …
IMF warns AI to hit almost 40% of jobs worldwide and worsen overall inequality
The International Monetary Fund warned that nearly 40% of jobs across the globe could be affected by the rise of artificial intelligence, with high-income economies facing greater risks than emerging …
Is the IMF shutting the door prematurely on Bitcoin as legal tender?
There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador and the …
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IMF warns worst is yet to come for world economy
The International Monetary Fund has warned that the world economy will experience worsening conditions as the war in Ukraine continues and prices spiral. After its latest assessment of the global …
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Bangladesh turns to ADB, World Bank for funds
The government of Bangladesh has sought assistance from both the World Bank and Asian Development Bank to increase its foreign exchange reserves. The government wrote letters to both entities …
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Bangladesh seeks $4.5bn IMF loan as forex reserves shrink
Bangladesh joined its South Asian neighbors Pakistan and Sri Lanka in seeking help with the increasing pressure on their economies. Bangladesh has requested a $4.5bn loan from the International …
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IMF Warns of Crypto Mining as Possible Dodge on Russia Sanctions
Countries such as Russia and Iran may eventually use cryptocurrency mining to evade sanctions, the International Monetary Fund warned in a report. There’s a risk that sanctioned nations will leverage …
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Russia seeks Brazil’s help to prevent expulsion from IMF, World Bank
Russia has asked Brazil for support in a letter in the World Bank, International Monetary Fund and the G20 group of top economies. Russia was hoping this support would help counter the sanctions …
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Half billion more people face poverty due to virus
According to a report based on research from King's College London and the Australian National University, approximately half a billion people could be pushed under their respective poverty lines due …
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U.S. to Block Iran’s Request to IMF for $5 Billion Loan to Fight Coronavirus
The US has stated that it plans to block Iran's request for $5 billion in emergency aid from the International Monetary Fund. Iran has requested the aid as it continues to fight the COVID-19 virus as …
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