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India

Andrea Shalal

Debt reduction only way to end 'poverty trap' for some countries - World Bank chief

09 Jul 2020

WASHINGTON The Group of 20 major economies should extend a freeze on official bilateral debt payments by the world's poorest countries through 2021, and permanently reduce the debt load of some of the most heavily indebted ones, World Bank President David Malpass said on Wednesday.

Creditor countries urged to think about post-2020 debt relief

08 Jul 2020

PARIS/WASHINGTON G20 countries and Paris Club creditor nations must start thinking about debt relief for the poorest countries beyond a debt payment freeze this year and outright restructurings may be unavoidable, top global finance chiefs said on Wednesday.

CORRECTED-UPDATE 1-Debt reduction only way to end "poverty trap" for some countries - World Bank chief

08 Jul 2020

WASHINGTON, July 8 The Group of 20 major economies should extend a freeze on official bilateral debt payments by the world's poorest countries through 2021, and permanently reduce the debt load of some of the most heavily indebted ones, World Bank President David Malpass said on Wednesday.

Many countries may need debt restructuring after pandemic fallout: IMF chief economist

08 Jul 2020

WASHINGTON Many countries may need debt restructuring in the aftermath of the global coronavirus pandemic and its economic fallout, the International Monetary Fund's chief economist said on Tuesday.

U.S. trade groups urge China to increase purchases of U.S. goods, services

07 Jul 2020

WASHINGTON The U.S. Chamber of Commerce and over 40 trade associations on Monday urged top American and Chinese officials to redouble efforts to implement a Phase 1 trade agreement signed by the world's two largest economies in January despite pandemic-related strains.

Next World Bank, IMF meetings to be virtual: World Bank chief

07 Jul 2020

WASHINGTON The World Bank and International Monetary Fund will hold their annual Fall Meetings online in October because of the novel coronavirus pandemic, World Bank President David Malpass said in a letter to the Bank's governors.

Black cops say discrimination, nepotism behind U.S. police race gap

03 Jul 2020

WASHINGTON Thomas Boone has spent 22 years as a police officer in Prince George's County, Maryland, a predominantly Black suburb of Washington, proudly wearing his uniform and driving his patrol car to coach kids' football and basketball teams.

Dominican Republic eyes opportunities as U.S. firms adjust supply chains

03 Jul 2020

WASHINGTON U.S. companies are expanding and opening new plants in the Dominican Republic as they diversify their supply chains, moves that will help offset the economic impact of the new coronavirus pandemic, the Dominican economy minister said.

Private sector participation in G20 debt relief 'essential': IMF

30 Jun 2020

WASHINGTON Private sector participation will be essential to ensuring the success of a debt relief initiative launched by the Group of 20 major economies for the world's poorest countries, the chief economist of the International Monetary Fund said on Monday.

World News