Is Bretton Woods fit for the 21st century?
In July 1944, delegates from 44 countries gathered in the UN sponsored Conference in Bretton Woods, New Hampshire, to decide on a post-Second World War monetary and financial order.
In July 1944, delegates from 44 countries gathered in the UN sponsored Conference in Bretton Woods, New Hampshire, to decide on a post-Second World War monetary and financial order.
Ukraine’s recent debt restructuring stands as testament to its resilience amid adversity. Faced with the immense financial strain of a protracted conflict with Russia, Ukraine’s ability to negotiate one of the largest and fastest debt restructurings in modern history highlights the determination and strategic acumen of its economic leaders.
Sri Lanka is approaching a critical juncture as it prepares for its presidential election on 21 September 2024.
The International Monetary Fund (IMF) on Tuesday raised India's GDP growth forecast for 2024-25 to 7 per cent from 6.8 per cent projected earlier on the back of “improving private consumption, particularly in rural India".
The UN body expects gross domestic product (GDP) growth in FY26 to slow down to 6.5%, same as projected in its April World Economic Outlook (WEO).
In the same panel, Peter Altmaier, Federal Minister for Economic Affairs and Energy, Federal Ministry for Economic Affairs and Energy of Germany, said we need to rely more on open markets and multilateralism.
Talking about India, she said it was a very dramatic lockdown for a country of this size of the population with people clustered so closely together.
'China has also pledged to help facilitate the supply of vaccines to low-income countries.'
Economic inequality is the most visible and painful aspect of inequality, which can be reduced only by instituting a suitable macroeconomic policy environment. Appropriate fiscal and monetary policies can have a direct impact on income distribution and can also mobilize resources for progressive social policies.
Rahul Gandhi took a swipe at the government on Twitter by tagging a chart that showed IMF growth projections for 2020-21 for Bangladesh, Myanmar, Nepal, China, Bhutan, Pakistan, Sri Lanka, Afghanistan and India.
