Posted 8/29/2023, 7:00:00 AM

IMF Historic Liquidity Boost Provides Vital Support to Global Economy

The historic $650 billion liquidity boost benefited the global economy.
The allocation provided support to all IMF members, especially low-income countries.
Countries used SDRs to increase reserves, lower borrowing costs, and finance pressing needs.
Advanced economies pledged SDRs to support more vulnerable members.
The international community has a responsibility to use SDRs prudently and transparently.

imf.org

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9/15/2023

IMF to Urge China to Shift to Consumer-Driven Growth, Address Real Estate Risks As It Cuts Global Outlook

The International Monetary Fund (IMF) plans to advise China to boost domestic consumption, address its troubled real estate sector, and rein in local government debt, in order to combat the declining growth in China and the global economy, according to IMF Managing Director Kristalina Georgieva.