Economy

Thursday, April 16th 2020 - 11:04 UTC
IMF fears social unrest could erupt if measures to mitigate pandemic are seen as unfair or insufficient

New waves of social unrest could erupt in some countries if government measures to mitigate the coronavirus pandemic are seen as insufficient or unfairly favoring the wealthy, the IMF said in a new report on Wednesday.
Thursday, April 16th 2020 - 10:47 UTC
“Coronavirus diplomacy” awarded South Korea's ruling party a landslide victory

South Korea's ruling party won a landslide victory in Wednesday's general election, partial results showed after the coronavirus pandemic turned the political tide in President Moon Jae-in's favor.
Wednesday, April 15th 2020 - 13:55 UTC
Brazilian agri-business exploring and confirming new markets

Brazilian agriculture continues to penetrate the international market further. The month of March was marked by the opening of new markets for Brazilian products and the expansion of sales in other locations. Egypt, for example, has enabled 42 Brazilian establishments to supply meat – 27 for poultry and 15 for beef – in addition to the renewal of licenses for 95 companies – 82 for beef and 13 for poultry.
Wednesday, April 15th 2020 - 13:14 UTC
As demand from China and G7 members plunges, LAC faces sharp decline in growth, World Bank report

The Latin America and Caribbean (LAC) region is seeing a sharp decline in growth due to the COVID-19 (coronavirus) crisis, which requires several policy responses to support the most vulnerable, avert a financial crisis, and protect jobs, according to a new report from the World Bank.
Wednesday, April 15th 2020 - 10:04 UTC
US will hold nations and individuals responsible for the pandemics accountable, announces Pompeo

The United States is seeking to “fundamentally change” the World Health Organization, Secretary of State Mike Pompeo said on Tuesday after Washington decided to withhold contributions during the coronavirus pandemic. The United States is the top donor to the WHO, offering US$400 million last year.
Wednesday, April 15th 2020 - 10:02 UTC
IMF approves immediate debt relief for 25 of the poorest country members

IMF Managing Director Ms. Kristalina Georgieva announced that the Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic.
Tuesday, April 14th 2020 - 19:31 UTC
IMF: Uruguay's economy will fall 3% in 2020; Latin America's, 5.2%

According to the estimates of the International Monetary Fund (IMF), the Uruguayan economy will decrease by 3% this 2020. The “great closure” has been how the international body has defined, as the title of its World Economic Outlook, government measures against the global pandemic caused by the COVID-19.
Tuesday, April 14th 2020 - 18:52 UTC
“Good supply” in Falklands' supermarkets and of domestic fuel products

The government of the Falkland Islands in a regular assessment of supplies and domestic fuel products said that the situation are “in good supply and no problems are foreseen”.
Tuesday, April 14th 2020 - 08:53 UTC
US controversy as to who decides reopening the economy and lifting ”stay at home”

President Donald Trump said on Monday it was his decision when to reopen the U.S. economy, not that of state governors, but legal experts disagree and governors are going their own way.
Tuesday, April 14th 2020 - 08:40 UTC
A Brazilian industry COVID-19 hasn't stopped: deforestation in the Amazon

Deforestation in Brazil’s Amazon rainforest rose in March, government data showed on Friday, indicating that illegal loggers and land speculators have not stopped destroying the forest with the onset of the coronavirus outbreak.