Lebanon FM resigns as country nears bankruptcy

Lebanon’s foreign minister has resigned. Nassif Hitti says he could not continue because of the government’s poor performance. Lebanon is close to bankruptcy. And critics say politicians, accused of running the economy into the ground, have shown no willingness to fight corruption to receive a bailout from the International Monetary Fund. Patrick Mardini, the president … Read more Lebanon FM resigns as country nears bankruptcy

IMF approves $4.3 bn to help South Africa fight COVID-19

In tonight’s edition: The International Monetary Fund said it had approved $4.3 billion in aid to South Africa to help the country fight the coronavirus pandemic. South Africa has the largest number of detected COVID-19 cases. And Tunisian-French lawyer Gisèle Halimi died in Paris this Tuesday at the age of 93. The feminist activist, who fought for womens’ rights … Read more IMF approves $4.3 bn to help South Africa fight COVID-19

What will Hajj be like during the pandemic? | The Stream

The Islamic ritual of Hajj is expected to begin on July 29, in the midst of a global pandemic, it will look unlike anything the Muslim world has seen before. Saudi Arabia, the location of the holy city of Mecca on which the pilgrimage centres, has said it will allow about 1,000 people to perform … Read more What will Hajj be like during the pandemic? | The Stream

French foreign minister in Lebanon to push reform

French Foreign Minister Jean-Yves Le Drian has arrived in Lebanon on a visit aimed at pressing Beirut to implement long-overdue reforms and dissociate from regional conflicts, both seen as key to unlocking international aid. Le Drian’s two-day visit comes as Lebanon spirals into its worst-ever economic crisis that is leading to mass poverty and rising … Read more French foreign minister in Lebanon to push reform

IMF warns pandemic will worsen gender gap

As the global economy faces an unprecedented recession, there are warnings that women are bearing the brunt of the economic damage. The International Monetary Fund says that three decades of progress towards gender equality is at risk of being wiped out. Women are less likely to be able to work from home, and more likely … Read more IMF warns pandemic will worsen gender gap

G20 urged to play bigger role in COVID-19 response

#G20 finance officials have vowed to continue using “all available policy tools” to fight the #COVID19 pandemic and bolster the global economy. At a virtual meeting on Saturday, officials from the International Monetary Fund urged G20 members to take more action as the world enters the next phase of the crisis. A number of public … Read more G20 urged to play bigger role in COVID-19 response

Zimbabweans Resort to Roadside Selling as Covid-19 Worsens Devastated Economy

In the usually quiet middle-income suburb of Westgate in Zimbabwe’s capital, Harare, several cars with their doors and boots open line the side of the road. The car boots are packed with products, from packets of rice to sugar and sweets, baby clothes and essentials. Coronavirus is redefining the shopping experience in in Zimbabwe, where … Read more Zimbabweans Resort to Roadside Selling as Covid-19 Worsens Devastated Economy

Covid-19 and Jobs Crisis: World Leaders Address International Labour Organization Global Summit

Political leaders and heads of financial organizations on Wednesday took part in a virtual summit organized by the International Labour Organisation (ILO) to discuss the impact of Covid-19 on the economy and labor market. Among the speakers was the United Nations Secretary-General Antonio Guterres, who said the road to economic recovery from the new coronavirus … Read more Covid-19 and Jobs Crisis: World Leaders Address International Labour Organization Global Summit

Opinion: Ethiopia’s Nobel Prize-Winning PM Abiy Ahmed Can’t Rest on His Laurels

It’s not a good look on a Nobel Peace laureate. As protests raged in Ethiopia’s most populous region over the killing of a pop star, Prime Minister Abiy Ahmed ordered an internet blackout, preventing the rest of his country — and the wider world — from getting a complete picture of what was going on … Read more Opinion: Ethiopia’s Nobel Prize-Winning PM Abiy Ahmed Can’t Rest on His Laurels

Historic Election Victory For Malawi’s Opposition ‘Lazarus’

Lazarus Chakwera was sworn in as Malawi’s new leader on Sunday, a day after trouncing Peter Mutharika in a court-ordered election rerun, and pledged to unite the deeply dividend nation and clamp down on graft. “I know that there are many of you who did not vote for me in this election, and perhaps the … Read more Historic Election Victory For Malawi’s Opposition ‘Lazarus’

Reuters Newsmaker with International Monetary Fund Managing Director Kristalina Georgieva

Reuters Newsmaker discussion with Managing Director of the International Monetary Fund Kristalina Georgieva, Breakingviews Global Editor Rob Cox and Global Economics Editor Swaha Pattanaik, on how the pandemic is reshaping expectations for global economic growth, financial stability, debt relief and social unrest.

Airports warn of 20,000 job losses as Swissport downsizes | ITV News

If yesterday brought the good news many of us had been waiting for on pubs and hairdressers reopening, today we got a reminder of just how long and hard the road to economic recovery is likely to be. Britain’s economy will shrink by more than 10 percent this year, the International Monetary Fund warned, far … Read more Airports warn of 20,000 job losses as Swissport downsizes | ITV News

How COVID-19 will impact the UK economy compared to other countries

The International Monetary Fund has warned that the global economic impact of coronavirus will be worse than first feared, with some countries expected to fare better than others. A previous forecast that the world faced its biggest slump since the Great Depression has been downgraded still further. European nations that suffered high COVID-19 death tolls … Read more How COVID-19 will impact the UK economy compared to other countries