The Managing Director of the International Monetary Fund has warned that the explosion of crypto-currencies like Bitcoin will have stability implications for the global economy moving forward.
Finance Minister Nhlanhla Nene is leading the South African delegation to the bi-annual meetings of the International Monetary Fund and World Bank in Washington.
The global economy is expected to grow at a solid pace through next year, boosted by faster expansion in the United States and Europe but after that risks will build, the International Monetary Fund said Tuesday. In the latest update to its World Economic Outlook, the IMF still predicts world growth of 3.9 percent in […]
Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary Cohn, seen as a bulwark against Trump’s economic nationalism, hit shares, […]
Sudan is to devalue its currency to 18 Sudanese pounds per dollar in January from the current exchange rate of 6.7, the finance minister said on Tuesday. The International Monetary Fund urged Sudan earlier this month to float its currency to boost growth and investment, but the government has ruled out a market-determined exchange rate. […]