Against The Clock is a series where we give an artist 10 minutes in the studio and see what they come up with. English-born, Shanghai-based producer Jamie Charlton is better known as Swimful. A member of the city’s SVBKVLT crew, he’s known for crafting melody-rich beats with elements of hip-hop, grime and dancehall, and collaborated with […]

The post Against The Clock: Swimful appeared first on FACT Magazine.

Apr 14, 2020

While social distancing is the West’s route to suppression of the virus, the developing world’s crowded cities and often overcrowded slums make isolation difficult. Advice on hand-washing means little where there is no access to running water. Without a basic social safety net, choices are narrowed and stark: Go to work and risk disease, or stay home and starve with your family.

In the run-up to this week’s Virtual Spring Meetings, the International Monetary Fund (IMF) has stepped up and provided much-needed leadership to assure countries and financial markets that they have the resources and tools necessary to help address the worst global economic crisis since the institution was created in 1945. But, precisely because the IMF…

The International Monetary Fund (IMF) just published its World Economic Outlook for 2020 and 2021. To nobody’s surprise, it says that “the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis.” The U.S. economy is projected to shrink this year by 5.9 percent and the…

In the run-up to this week’s Virtual Spring Meetings, the International Monetary Fund (IMF) has stepped up and provided much-needed leadership to assure countries and financial markets that they have the resources and tools necessary to help address the worst global economic crisis since the institution was created in 1945. But, precisely because the IMF…

In the run-up to this week’s Virtual Spring Meetings, the International Monetary Fund (IMF) has stepped up and provided much-needed leadership to assure countries and financial markets that they have the resources and tools necessary to help address the worst global economic crisis since the institution was created in 1945. But, precisely because the IMF…

When the world economy was starting to face financial fragility, the external shock of the COVID-19 pandemic put it into freefall. In response, the United States Federal Reserve launched a series of facilities, including extending its swap lines to a number of other advanced economy central banks and to two emerging economies. Outside of the…

Domenico Lombardi and Sarah Puritz Milsom explore the role of the International Monetary Fund in the eurozone crisis and review the policy options that the international community must consider to strategically and effectively address the current situation.

Tanzania, Kenya, and UNECA enact environment-positive policies and programs On Saturday, June 1, Tanzania’s ban on plastic bags went into effect. According to The Citizen, the new law targets the “import, export, manufacturing, sale, storage, supply, and use of plastic carrier bags regardless of their thickness” on the Tanzanian mainland. The law also bans the…

Monetary fund warns the US and China against continuing trade war, saying it could damage coronavirus recovery

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The head of the International Monetary Fund has signalled a possible downward revision of global economic forecasts, and warned the United States and China against rekindling a trade war that could weaken a recovery from the coronavirus pandemic.

Kristalina Georgieva, the IMF’s managing director, told an online event hosted by the European University Institute that recent economic data for many countries was coming in below the fund’s already pessimistic forecast for a 3% contraction in 2020.

Hundreds of Lebanese rallied Friday outside the central bank in Beirut and elsewhere in the country, a day after the prime minister said he would seek a rescue plan from the International Monetary Fund (IMF) to deal with a spiraling economic and financial crisis.

Russia should hike value-added tax by four percent to 22 percent and lower social security contributions, the International Monetary Fund has proposed.

Islamabad: Pakistan has received an emergency loan of $1.39 billion from the International Monetary Fund (IMF) to boost its foreign exchange reserves in the wake of the further economic downturn due to the Coronavirus crisis. The $1.39 billion loan is in addition to the $6 billion bailout package that Pakistan has signed with the in July last year to stave off a balance of payment crisis.

Pakistan in March had requested the IMF for a low-cost, fast-disbursing loan under its Rapid Financing Instrument to deal with the adverse economic impact of COVID-19. Pakistan on Thursday reported 742 new cases and 15 more deaths in the last 24 hours, taking the infection tally to 10,513 with 224 deaths in the country.

Globally, more than 2.6 million people are infected and at least 1,83,000 killed by the deadly COVID-19. 

Govt gives in to imams' demand

Pakistan government has given in to the demands of the imams who demanded that mosques be exempted from the COVID-19 lockdown during Ramzan, New York Times reported on Thursday. It said the govt had on Saturday signed a deal allowing mosques to remain open if people follow 20 rules, including maintaining a six-foot distance while praying.

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International tax developments could have a negative impact on Luxembourg's tax revenues and economy, the International Monetary Fund has said in its latest Luxembourg country report.

The International Monetary Fund has recommended that the United States raise indirect taxes to boost revenues, to offset the cost of recent tax cuts and spending increases.

The IMF has welcomed Luxembourg's efforts to meet international tax standards but cautioned that international tax reform could hit the country's tax base.

Belgium should look to broaden its tax base to fund labor tax reductions, the International Monetary Fund has said in its annual report for the country.

Cyprus should consider reinstating the immovably property tax to boost revenues, the International Monetary Fund has said.

The IMF has said that Malta should look for ways to diversify its tax base and strengthen tax revenues.

Belgium should look to broaden its tax base to fund labor tax reductions, the International Monetary Fund has said in its annual report for the country.

The International Monetary Fund has urged Hong Kong to consider tax reform options to boost revenues while maintaining the economy's competitiveness and flexibility.

A moderate recovery is under way in major advanced economies after two years of subdued growth. Overall, most indications point to a continued underlying strengthening of the pace of growth, helped by accommodative monetary policy and reduced fiscal drag.

Government, business, trade and civil society representatives came together at this panel session to discuss the first year of implementation following the 2011 Update of the Guidelines.

This update report by the IMF and the OECD was delivered to G20 in February 2016.

Written statement by OECD Secretary-General Angel Gurría for the IMFC during the World Bank Group/International Monetary Fund 2015 Spring meetings in Washington, DC.

A moderate recovery is under way in major advanced economies after two years of subdued growth. Overall, most indications point to a continued underlying strengthening of the pace of growth, helped by accommodative monetary policy and reduced fiscal drag.

1st Joint IMF-OECD-World Bank Conference on Structural Reforms

Government, business, trade and civil society representatives came together at this panel session to discuss the first year of implementation following the 2011 Update of the Guidelines.

Regional forecast reflects oil production cuts and comes amid price volatility

The country is trapped in a full-scale emergency that could unravel social bonds

President urged to secure rescue deal as economy ‘on verge of collapse’

Coronavirus package aims to protect economy and fend off looming hunger crisis

President Macri asks for early disbursement of funds as refinancing worries grow

Revised agreement comes a day after the exit of central bank governor

President Lenín Moreno says deal will save his country from Venezuela’s fate

A bailout is the Mediterranean country’s only option to refloat its sinking economy

International Monetary Fund (IMF) Managing Director Kristalina Georgieva and WTO Director-General Roberto Azevêdo issued a joint call on 24 April for governments to refrain from imposing export and other trade restrictions on key medical supplies and food and to quickly lift those put in place since the start of the year.

The global lender said the national economy would shrink by 6.7 per cent in 2020 - the largest contraction since the Great Depression - and Australia would be one of Asia's worst-affected countries.

Georgieva scratched at an old wound when she said that the UK should seek an extension beyond the transition period for leaving the EU. Brussels gave the Bulgarian her job and she has not forgotten.

The Afghan Health Ministry said that 49 new COVID-19 cases have been registered in the country in the past 24 hours, which led the total cases surge to 714 on Tuesday.Kabul registered 18 new cases, maximum highest in the country, leaving behind Kandahar with 15 cases, Balkh 6 cases, Herat and Ghazni 4 new cases each, and Nangarhar 2 cases, according to the health ministry's data cited by Tolo News.At least 40 people have recovered from the virus in the country while 23 have succumbed to the highly contagious infection, the Health Ministry spokesman said.In the meantime, the International Monetary Fund (IMF) executive board approved immediate debt relief for 25 countries--including Afghanistan--in order to help these countries focus on COVID-19 response."Today, I am pleased to say that our 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 ..

The International Monetary Fund (IMF) has projected the growth of Indian economy in 2020 at the rate of 1.9 per cent, while the world economy is likely to contract sharply by "minus 3 per cent" due to the coronavirus pandemic, which is proving worse than the 2008-09 financial crisis.The IMF on Tuesday its yearly World Economic Outlook, providing a grim picture of the world economy amid global lockdown due to the coronavirus pandemic, which has jolted the world by claiming over one lakh lives globally.The IMF has, however, given a bullish projection about India's economic growth in 2021, pegging the growth rate at 7.4 per cent.Gita Gopinath, Chief Economist and Director of the research department at IMF said in her opening remarks, "The COVID-19 pandemic is inflicting high and rising human costs worldwide. Protecting lives and allowing health care systems to cope have required isolation, lockdowns, and widespread closures to slow the spread of the virus.""The health crisis is, ...

The International Monetary Fund (IMF) in its Global Financial Stability Overview released on Tuesday has noted that early in 2020, global financial markets remained afloat as there was a sense of optimism on the back of supportive monetary policy, reduced trade tension and tentative signs of stabilisation in the global economy. However, the spread of COVID-19 has posed a risk that has seen the prices of risk assets and commodities fall at unprecedented speed.The document released by the IMF says that the equity markets experienced the fastest drop in history with the S and P 500 falling 20 per cent from its peak in just 16 trading sessions.The asset price declines reached about half the magnitude seen in 2008-09 at the worst point of the sell-off, and implied volatility spiked across asset classes, in some cases to levels last seen during the global financial crisis.Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF, Tobias Adrian while releasing the

The Assam government has decided to increase the excise duty on Indian Made Foreign Liquor (IMFL) by 25 per cent, state Industry Minister Chandra Mohan Patowary said after a Cabinet meeting on Friday. This will generate an additional income of Rs 1,000 crore for the state to meet the unexpected financial burden and expenditure arising out of the COVID-19 crisis, he said. Many states, such as Uttar Pradesh, Andhra Pradesh and Delhi have already hiked liquor prices to give boost to their fledging revenue income. The Cabinet also decided that the tea industry will start operation in full strength maintaining social distancing norms as against the 50 per cent work force deployed since April 13. At meeting the Cabinet also decided to give nod to the Assam Agricultural Produce and Livestock Marketing (Promotion and Facilitation) Ordinance, 2020, and repeal the Assam Agricultural Produce Marketing Act 1972. It further decided that the government will release fund for salary of Assam ...

The IMF approved a disbursement to Nepal of about $214 million to help it cover the urgent balance of payments and fiscal needs stemming from the Covid-19 pandemic. The IMF said Covid is having a severe impact on Nepal's remittances, tourism, and domestic activity. It will substantially weaken the country's GDP growth, balance of payments and fiscal position.

The IMF on Wednesday approved a disbursement to Nepal of about USD 214 million to help the Himalayan nation cover the urgent balance of payments and fiscal needs stemming from the COVID-19 pandemic.

नई दिल्ली। अंतर्राष्ट्रीय मुद्रा कोष की प्रमुख क्रिस्टलीना जॉर्जिवा ने एक बार फिर से वैश्विक आर्थिक पूर्वानुमानों में गिरावट के संकेत दिए हैं। इसके साथ ही क्रिस्टलीना जॉर्जिवा ने अमेरिका और चीन के बीच फिर से ट्रेड वॉर शुरू होने की

नयी दिल्ली। अंतर्राष्ट्रीय मुद्रा कोष (आईएमएफ) ने चेतावनी देते हुए कहा है कि कोरोनावायरस के कारण वैश्विक अर्थव्यवस्था में और गिरावट आएगी। आईएमएफ प्रमुख क्रिस्टालिना जॉर्जीवा ने वैश्विक इकोनॉमी पूर्वानुमानों में गिरावट का संकेत दिया है। साथ ही उन्होंने अमेरिका और

Guwahati, May 09: The Assam government has decided to increase the excise duty on Indian Made Foreign Liquor (IMFL) by 25 per cent, state Industry Minister Chandra Mohan Patowary said after a Cabinet meeting. This will generate an additional income of