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​Pierre-Olivier Gourinchas (left), Director of the Research Department at the International Monetary Fund (IMF), speaks during a press briefing on the World Economic Outlook during the 2025 World Bank and IMF Spring Meetings on April 22, 2025 in Washington, DC.
What We're Watching

IMF downgrades growth outlook

“Just since January, we’ve entered into a new era,” IMF’s Chief Economist Pierre-Olivier Gourinchas told the press Tuesday at the Spring Meetings of the International Monetary Fund and World Bank.

Argentina's President Javier Milei gestures during the Atreju political meeting organized by the young militants of Italian right-wing party Brothers of Italy (Fratelli d'Italia) at Circo Massimo in Rome.
What We're Watching

Big milestone for Argentina’s radical president: Economy escapes recession

A year ago, Argentina’s eccentric, wolverine-haired, “anarcho-libertarian” president Javier MIlei took office with a chainsaw and a plan: to tackle the country’s triple-digit inflation and chronic debt problems, he would hack government spending to pieces — and it seems to be working.

World Bank Group President Ajay Banga listens during the G-20 Finance Ministers and Central Bank Governors' Meetings at the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 18, 2024.
Analysis

The big challenges facing the IMF and World Bank

GZERO has been on the ground to bring you the big takeaways from the 2024 Spring Meetings.

How to tackle global challenges: The IMF & World Bank blueprint
Crisis Recovery

How to tackle global challenges: The IMF & World Bank blueprint

The International Monetary Fund and World Bank’s Spring Meetings in Washington have told a tale of two economies: In the developed world, inflation is falling, and recession looks unlikely. But many of the world’s poorest countries are struggling under tremendous debt burdens inflated by rising interest rates that threaten to undo decades of development progress. That means these key lenders of last resort have their work cut out for them. But according to GZERO Senior Writer Matthew Kendrick, there's a proven model.

​People gather as they watch from afar after an alleged gang member was killed and set on fire, amid an escalation in gang violence, in Port-au-Prince, Haiti March 20, 2024.
Analysis

Want to stabilize the world’s worst crises? “Leave your textbook in your drawer.”

The international community is struggling to address half a dozen conflicts, spanning from the Middle East to Haiti, that often involve institutions poorly equipped to tackle modern problems.

Students read Koranic verses at a madrasa, or Koranic school, in Dhusamareeb, central Somalia, December 16, 2012.
Analysis

IMF says economic picture is rosy, but how does it look from the bottom?

Inflation looks set to fall globally, and a global recession is unlikely in 2024, according to the IMF’s April update to the World Economic Outlook.

Ghana, Accra, 2023-02-16. Young schoolchildren in uniform learning multiplication tables. Illustration image of children in a school in Ghana. A little girl is at the blackboard reciting in front of the class.
What We're Watching

To get rich, Ghana needs to wise up

On Monday, the International Monetary Fund warned that Accra’s plans to settle some of its $13 billion in debt would breach the terms of its bailout, pushing the country to the brink.

Argentina's Economic Minister Sergio Massa during a news conference at the Casa Rosada presidential palace in Buenos Aires.
News

Argentina to IMF: Please give us (even) more $$$

Argentina needs an injection of IMF cash to avoid devaluing the peso or entering hyperinflation.

Britain's Chancellor of the Exchequer Jeremy Hunt poses with the budget box at Downing Street in London, Britain March 15, 2023.
Economy

A new attitude and a new budget: Can the Tories make a comeback?

Weeks after the International Monetary Fund forecast that the UK will be the worst-performing advanced economy this year, British Chancellor Jeremy Hunt on Wednesday handed down a fresh national budget.

Electoral campaign posters are seen ahead of Nigeria's Presidential elections, in Yola, Nigeria, February 23, 2023.
Economy

What We're Watching: Nigerians vote, Biden's World Bank pick

Nigeria's presidential election head-scratcher; Biden picks ex-credit card exec to lead World Bank