IMF warns that the brunt of the economic impact is being borne by lower income families, predominantly Black and Hispanic, who are least able to weather the downturn.
The IMF predicts that the global economy will shrink 4.9 percent this year, calculating damages worse than from any other downturn since the Great Depression of the 1930s.
While most Turkish students have returned home, international students are mainly confined to their dormitories, unsure of what the future holds.
Africa's most advanced economy is talking to the International Monetary Fund (IMF), World Bank, New Development Bank of the BRICS and African Development Bank to source funding to contribute to a $26.5 billion rescue package against Covid-19.
Protests demanding the removal of politicians deemed incompetent and corrupt have gripped Lebanon since October 17 and forced the resignation of the government.
Why the government's austerity measures and claims of decreasing inflation don’t sit well with regular Egyptians.
Recession-hit Argentina has suffered market volatility since business-friendly President Mauricio Macri was trounced in party primaries three weeks ago by leftist challenger Alberto Fernandez.
The peso got slammed for a third day on Wednesday, despite President Mauricio Macri's measures to soften the impact of austerity on voters.
One year after the former cricketer took office as prime minister, Pakistanis struggle with rising inflation, slow growth and sluggish reform.
Trade conflicts are undercutting investment, International Monetary Fund says in report, while urging countries to avoid using tariffs in place of negotiations.
Street protests draw thousands as huge UGTT union stages one-day nationwide strike to challenge government's refusal to raise salaries of some 670,000 public servants.
Finance Minister Asad Umar says the main purpose of the talks with the International Monetary Fund will be a "stabilisation recovery programme" to control the country's economic crisis.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2021 TRT World.
Like
Follow