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World 20 Oct 2020 | 4:43 AM

IMF officials call for strengthening cooperation to improve cross-border payments

WASHINGTON, Oct. 19 (Xinhua) -- Senior officials at the International Monetary Fund (IMF) on Monday called for strengthening international cooperation to improve cross-border payments as many central banks are exploring the issuance of digital currencies.

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.