.@antonioguterres welcomes the decision by @IMFNews to approve a $650 billion allocation of its Special Drawing Rights. He notes it will be important for the economies who don't need this boost to consider channeling these resources to vulnerable countries https://t.co/HTvhpnqD2Z
The IMF’s Board of Governors approved a new general allocation of SDRs equivalent to US$650 billion. Managing Director @KGeorgieva says it’s a historic decision reached at a time of unprecedented crisis. Read more: https://t.co/x8KCBR7G3l
On @SquawkBoxEurope this morning, I covered how growth in the US spills over positively to major trading partners, containment of financial risks in the context of accommodative monetary policy, and focusing government spending on efforts with high economic rates of return.
STARTING NOW: A discussion with IMF First Deputy Managing Director @GWSOkamoto and winners of our 2020 #IMFYouth Fellowship Contest on the green and inclusive recovery and opportunities for youth. https://t.co/5H1GdXnr7m https://t.co/JYnVKTYBRc
This new generation has a lot to say and contribute given the whopping impact the pandemic is having on their lives. Tune in tomorrow for our conversation: https://t.co/nLZFGMYBjU
Substantive meeting of G7 finance ministers & central bank governors chaired by @RishiSunak. Full alignment on access to vaccines, policy support until exit from the crisis, climate action, and comprehensive support for vulnerable countries.
We applaud the new U.S. administration's strong commitment to ambitious climate action, and the decision to re-join the Paris Agreement.
2021 is critical for tackling climate change. We have no time to waste!
Digital payments represent a revolution in finance.
From an unbanked person gaining access to financial services to a small business looking to expand, you no longer have to be big to be global.
My speech at #SGFintechFest on the path forward. https://t.co/C1JuojByWA
Shout out to @klangdon77 who is retiring from the IMF after an amazing career. She taught me so much about economics, finance, and how human beings can muck it all up or make it all work. I still don’t fully understand the triffin dilemma but it’s not for lack of Kate’s trying.
Sadly, it is low-income countries and their people who will pay the highest price in this pandemic. To overcome the crisis and strengthen their resilience for the future, they need more help now. My op-ed with @SigridKaag in @ProSyn. https://t.co/TwLnIeakFz
My @FT op-ed: For the first time, in 60% of the global economy, 97% of advanced economies, central banks policy interest rates are below 1%. The world is in a global liquidity trap. Fiscal policy will need to be the main game in town. https://t.co/uh5o8RK8e9
Missed last week’s drive? join us for round 2 tomorrow at 6601 Bradley Blvd,Bethesda from 12 to 2 pm. Bring your old functional laptops and we’ll refurbish them for #dcps students. #connectourkids#nodigitaldivide
170 countries are going to finish this year with a smaller economy than they started. And we are projecting more debt, more unemployment, more inequality and more poverty. Unless we act. #TheGreatReset
This week, I called on banks to temporarily halt the payment of dividends and share buybacks as we weather this crisis. This is a time to preserve capital. https://t.co/cQfPQtCdVg
A weekend of smiles and supplies 🥰🥰 Donate supplies and groceries at one of our 7 pod locations in #ward6. thank you @tnuevelle @brothas_huddle_ @mommassafehaven for keeping us going in this work. #W6MA#WeKeepUsSafe