The World Bank and International Monetary Fund are warning poor regions that have so far not been hit by rising food prices, like sub-Saharan Africa and the Caribbean, to get ready to face them.
A strike by employees of Pakistan’s national airline carrier has severely disrupted air travel in the country and stranded thousands of travelers around the world.
The 60-member team of Pakistan Prime Minister Yousuf Raza Gilani has resigned en-masse on Wednesday to facilitate pruning of the cabinet which should not exceed 48 members as per the country's constitution.
Japan should work on its huge public sector debt and budget deficit and Japanese banks should secure more capital, a senior International Monetary Fund (IMF) official has said.
After the Great Recession, Europe has embarked on a Great Regression. Wages, pensions, unemployment insurance, welfare benefits and collective bargaining are under attack in many areas as governments struggle
Voters in Cape Verde cast their ballots in a parliamentary election on Sunday that is likely to be dominated by the two parties that have exchanged power over the last two decades in the island nation.
The Southern Africa Customs Union (SACU) is considering a major overhaul of revenue-sharing that will see South Africa keeping a far bigger slice of pooled customs receipts, according to a policy document.
Dominique Strauss-Kahn, managing director of the International Monetary Fund delivered the following speech at the Monetary Authority of Singapore on February 1, 2011.
The International Monetary Fund on Monday approved, as expected, a $509 million credit facility to help Kenya boost its international reserves.
The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.
The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.
Japan's core consumer prices fell in December from a year earlier for a 22nd consecutive month, as slow wage growth and sluggish demand kept the country mired in deflation while the government grapples with heavy public debt.
China wants to import more to solve its trade imbalances instead of parking windfall revenues in U.S. and euro zone government bonds, the chairman of China's largest lender said on Thursday.
Africa should have a greater presence in the Group of 20 nations rather than be largely excluded and simply told how to run their economies, Botswana's central bank governor said on Thursday.
A small explosion was set at a hotel near Davos (World Economic Forum), according to Swiss police.
In his opening speech at the Davos world economic forum in Switzerland, Russia’s President Dmitry Medvedev touched on a number of subjects, including why he was late to the confab – the suicide bombing in a Moscow airport that killed 35 people.
Unless the U.S. addresses [its] fiscal problem, we’re going to see a train wreck, said Nouriel Roubini.
Algeria must urgently create jobs for its young unemployed, the International Monetary Fund (IMF) said in a report published on Wednesday, highlighting a problem that has fuelled unrest throughout the region.
The Fianna Fail, the principal party in Ireland’s ruling coalition government, has elected former foreign minister Micheal Martin as its new boss, a few days after Brian Cowen resigned from the post.
The International Monetary Fund (IMF) said it expects India to grow at 8.4 percent in 2011 and fall to 8 percent, unchanged from its prior estimate as the two-speed global recovery will continue.
Europe should strengthen its financial rescue fund to reduce the risk of renewed global instability as U.S. tax cuts and emerging economies help propel recovery elsewhere, the IMF said on Tuesday.
Millions of children worldwide die every year from preventable diseases and the bad situation is only going to worsen due to an increasing shortage of healthcare workers.