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04/27/2022
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By Ethan Huff
World Bank says food crisis could be coming soon; already blaming Russia
A potential “human catastrophe” is unfolding, says the World Bank. And the culprit, of course, is the conflict between Russia and Ukraine. World Bank President David Malpass told BBC News at the recent spring meetings of the International Monetary Fund (IMF) and the World Bank that record food prices caused by inflation could plunge hundreds […]
04/01/2022
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By Arsenio Toledo
IMF WARNS: Rising shipping costs are affecting inflation, raising prices of everyday goods
The International Monetary Fund (IMF) is predicting that the effects of the two-year-long global supply chain crisis will worsen again in April, as rising shipping costs threaten to slow economic growth and worsen inflation. According to an article posted on the IMF’s website on March 28, the organization outlined how the economic restrictions imposed upon the world […]
03/17/2022
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By Ramon Tomey
IMF: Russia-Ukraine war may FUNDAMENTALLY ALTER economic, political order worldwide
The International Monetary Fund (IMF) said the ongoing war between Russia and Ukraine may “fundamentally alter” the political and economic order globally. “The war may fundamentally alter the global economic and geopolitical order should energy trade shift, supply chains reconfigure, payment networks fragment and countries rethink reserve currency holdings,” the IMF posted on its website […]
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