developing nations

World Bank, IMF approve debt framework overhaul for poor countries

The World Bank and International Monetary Fund on Monday approved reforms to their joint framework for evaluating the debt of low-income countries, the first overhaul of the system since 2017, as rising debt levels and shifting financing sources create new…

IMF’s Georgieva warns rising bond yields threaten developing nations

International Monetary Fund Managing Director Kristalina Georgieva warned on Tuesday that ballooning debt and rising bond yields in advanced economies are threatening to undo developing and low-income countries' progress in reining in their own debts, as a global bond market…

World Bank says developing nations have more to gain from AI than rich ones

The World Bank on Tuesday warned that developing countries face a narrow window to harness artificial intelligence or risk being left behind, releasing its annual World Development Report with a call for urgent action on infrastructure and policy.

IMF says global economy has shifted to ‘adverse scenario’ amid Iran war fallout

The International Monetary Fund said Thursday that the global economy has shifted toward a more pessimistic growth path as a result of the Iran war, even as energy prices begin to retreat following the mid-June U.S.-Iran ceasefire deal.