Overshadowed by fresh Middle East violence and hosted by a country still recovering from an earthquake, the week-long annual meetings of the International...
MARRAKECH, Morocco - Overshadowed by fresh Middle East violence and hosted by a country still recovering from an earthquake, the week-long annual meetings of the International Monetary Fund and World Bank wrapped up on Saturday.
Most agreed it was too early to say how Middle East strife would affect a global economy which IMF chief economist Pierre-Olivier Gourinchas described as "limping along, not sprinting".The heavy debt burdens of advanced economies - from the United States to China and Italy - was a recurrent theme in the meetings, which came after financial markets in recent weeks pushed U.S. bond yields higher.
Turkey was in the spotlight as Finance Minister Mehmet Simsek pitched its reform plan. "The biggest structural issue is to bring inflation down. And they're working on it," said Murat Ulgen, Global Head of Emerging Markets Research at HSBC. Progress on Sri Lanka was less clear. Sri Lanka said on Thursday it reached an agreement with the Export-Import Bank of China covering about $4.2 billion of debt, while talks with other official creditors are stalling.High interest rates will put some borrowers in more precarious positions, the IMF warned in its Global Financial Stability Report.
NEW YORK -Digital World Acquisition Corp, the SPAC that plans to merge with former U.S. President Donald Trump's media and technology company, said this week it would return to investors $533 million raised for the deal, after some have already backtracked on $467 million of commitments.
Eric Trump says his father sent him to work on construction sites earning minimum wage when he was 11 or 12After witnessing sharp downside correction in recent months, these two Canadian stocks could turn out to be big winners in the coming years. The post From Bear to Bull: The Canadian Stocks Set to Bounce Back Strongest appeared first on The Motley Fool Canada.
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