stresses

SAMA governor stresses vigilance amid economic challenges 

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WASHINGTON: Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.  Multiple reports from the IMF and the World Bank this week sounded the alarm about economic developments and prospects … Read more

IMF, World Bank steering committee stresses accountability as reforms advance

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WASHINGTON DC: The steering committee for both International Monetary Fund and the World Bank on Saturday emphasized the need for broader accountability as the institutions implemented reforms to help countries grapple with climate change and other shocks. “We must hold ourselves accountable more broadly as we become a better and bigger bank,” said Mohammed bin … Read more