Global finance leaders meet in Washington this week to address global growth, debt, and green energy amid uncertainties from conflicts, a slowing Chinese economy, and the potential impact of the U.S. election on trade and climate policies.
Global finance leaders will convene in Washington this week amid significant uncertainty driven by conflicts in the Middle East and Europe, a weakening Chinese economy, and concerns that the upcoming U.S. presidential election could spark new trade disputes and undermine international cooperation.
The annual meetings of the International Monetary Fund (IMF) and World Bank are set to bring together over 10,000 participants from finance ministries, central banks, and civil society groups to address challenges such as uneven global growth, managing debt crises, and financing the transition to green energy.
The key issue looming over the discussions is the potential impact of a U.S. presidential win by Republican candidate Donald Trump, which could disrupt the global economic landscape through significant new tariffs, increased U.S. borrowing, and reduced climate cooperation.
"The U.S. election, arguably the most critical issue for the global economy, is not officially on the agenda, but it's on everyone's mind," noted Josh Lipsky, a former IMF official now with the Atlantic Council's GeoEconomics Center.
Democratic candidate and current U.S. Vice President Kamala Harris is expected to continue the Biden administration’s focus on multilateral cooperation in areas like climate, taxes, and debt relief if she wins.
The meetings, which begin on Monday and gain momentum later in the week, are likely to be U.S. Treasury Secretary Janet Yellen's last, as she has indicated she will retire from public service at the end of President Joe Biden’s term in January.
Meanwhile, rising anti-China trade sentiment and industrial strategies from wealthy nations, highlighted by the Biden administration’s tariffs on Chinese electric vehicles, semiconductors, and solar products, are anticipated to be major discussion points during the sessions.
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The International Monetary Fund (IMF) has approved a $625 million loan programme for Chad to support economic growth and social spending amid regional and economic challenges.
The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
African leaders at the U.S.-Africa Business Summit in Luanda have called for an end to aid-based relations with the U.S., urging a stronger focus on private investment and transformative partnerships.
Uzbekistan’s economic performance has remained strong, with robust growth, narrowing consolidated fiscal and current account deficits, and ample international reserves, stated the International Monetary Fund following to the 2025 Article IV Consultation with the Republic of Uzbekistan.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
A recent Federal Reserve Bank of New York (New York Fed) study reveals that while the use of artificial intelligence (AI) among businesses has grown significantly over the past year, very few companies have carried out AI-related layoffs.
Rising concerns over the U.S. economy and ongoing tariff disputes have put global government bonds under selling pressure, experts say. Donald Trump’s push for interest-rate cuts, combined with a major spending bill, has shaken investor confidence, sending bond prices down while yields rise.
Access to Google services was restored Thursday after a region-wide outage cut off millions of users across dozens of countries, with disruptions reported in platforms including YouTube, Gmail and Maps.
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in Japan.
The price of gold surged sharply on Wednesday, reaching a new record of $3,530.08 per ounce. Analysts say the rise is driven by expectations of a U.S. Federal Reserve (Fed) rate cut in September and concerns over the central bank’s independence.
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