International Monetary Fund headquarters(IMF) building in Washington, DC. (Photo by MANDEL NGAN / AFP)

IMF officially approves increased lending capacity

The board of governors of the International Monetary Fund on Monday greenlit increasing the institution’s lending capacity by $650 billion, the last step in approving an initiative to boost aid…

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IMF sees 6% world growth, warns developing nations falling behind

The global economy will expand by six percent this year, but disparities between nations are widening as advanced economies accelerate while developing countries fall behind, the IMF said Tuesday.  While…

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