The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had darkened significantly since April and she could not rule out a possible global recession next year given the elevated risks.IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming …
Read More »Yellen: Scandal could hamper IMF’s credibility
The United States will review any new developments in Georgieva matter and Biden’s administration calls for institutions to better protect whistle-blowers. U. S. Treasury Secretary Janet Yellen warned that a scandal over the credibility of rankings of countries’ business climates could hurt confidence in the International Monetary Fund and World …
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