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World 16 Oct 2020 | 12:14 AM

IMFC warns of long-lasting scars on global economy from pandemic

WASHINGTON, Oct. 15 (Xinhua) -- The policy-setting body of the International Monetary Fund (IMF) on Thursday warned that the COVID-19 pandemic threatens to leave long-lasting scars on the global economy, pledging to use all available policy tools to restore growth.

World 15 Oct 2020 | 6:28 AM

Group of Thirty calls for urgent, concerted efforts to tackle debt crisis

WASHINGTON, Oct. 14 (Xinhua) -- The Group of Thirty (G30) on Wednesday said rising debts had threatened funding for development priorities such as public health among the most vulnerable countries, calling for urgent policy response to support the poorer.

World 15 Oct 2020 | 5:01 AM

Poorest countries in desperate need of support amid K-shaped recovery: World Bank

WASHINGTON, Oct. 14 (Xinhua) -- The global economy is experiencing a K-shaped recovery, as advanced economies have been able to provide support while the poorest countries are facing an increasingly desperate recession, World Bank Group President David Malpass said Wednesday.

World 15 Oct 2020 | 3:19 AM

World Bank chief welcomes G20 debt relief extension, urges further efforts

WASHINGTON, Oct. 14 (Xinhua) -- World Bank Group President David Malpass on Wednesday welcomed the extension of debt relief program by the Group of Twenty (G20), calling for further efforts to help the poorest countries tackle the debt crisis.