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Engines Not Yet in Sync in Asia, Needs Multispeed Recovery

JAKARTA (TheInsiderStories) - The COVID-19 pandemic is still unfolding around the globe, said International Monetary Fund in the latest report. In Asia, as elsewhere, the virus...

Chinese Economy Recovery to 4.9% in 3Q of 2020

JAKARTA (TheInsiderStories) - Chinese economy grew 4.9 percent in the third quarter (3Q) of 2020, but pointing the challenges for COVID-19 shocked still shadowed until...

World Bank: Indonesia’s Debt Position Ranks 7th in the World

JAKARTA (TheInsiderStories) - The World Bank reports that Indonesia' debt position is in the 7th position from a low-middle income around the globe, with a total...

IMF Revises Down Indonesia’s Economic Growth to -1.5%

JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) revised down the projection of Indonesia' economic growth from 0.5 percent in June to contraction 1.5 percent by...

IMF: Emerging Stronger from the Great Lockdown

JAKARTA (TheInsiderStories) - For more than six months, the world has grappled with the severe health and economic consequences of the pandemic. Global economic activity collapsed...

IMF Reminds Indonesia to Manage the Debt Prudently

JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) reminded Indonesia to manage the debt prudently to prevent the excessive external imbalances as a result...

G20 Commits Use All Policies to Counter the COVID-19 Impact

JAKARTA (TheInsiderStories) - Global economic activity is expected to contract sharply in 2020 due to the impact of the COVID-19 pandemic and the associated disruptions in...

Georgieva: 170 Countries will Experiences Lower Income per Capita

JAKARTA (TheInsiderStories) - Managing director International Monetary Fund (IMF), Kristalina Georgieva said, 170 countries or almost 90 percent of the world, will be worse off with lower...

Singapore Downgrades Economic Growth Forecast to “-7.0%”

JAKARTA (TheInsiderStories) - Singapore' government downgraded the 2020 economic growth forecast from contraction 0.4 percent to (7.0 percent) caused the COVID-19 outbreak, said the ministry...

WHO Warns COVID-19 Remains If Countries Not Manage the Transition

JAKARTA (TheInsiderStories) - Secretary general of the World Health Organization (WHO), Tedros Ghebreyesus said, the risk of returning to lockdown due to the COVID-19 pandemic “remains...

Indonesia’s GDP Slows to 2.97% Amid the COVID-19 Outbreak

JAKARTA (TheInsiderStories) - Indonesia' economic growth dropped to 2.97 percent of the total Gross Domestic Product (GDP) in the first quarter (1Q) 2020 compared to the...

IMF Sees Indonesia’s GDP Only 0.5% in This Year

JAKARTA (TheInsiderStories) - International Monetary Fund (IMF) sees Indonesia' economic growth only 0.5 percent in this year, the lowest level since 1998, caused the impact of...

IMF Sees Global Economy Contraction 3% in 2020

JAKARTA (TheInsiderStories) - The International Monetary Fund said the global economy would contract by 3 percent in this year, worse than during the 2008 – 2009...

IMF Hints the Global Economic Growth “Sharply Negative” in 2020

JAKARTA (TheInsiderStories) - Ahead of the Spring meeting, International Monetary Fund (IMF) managing director, Kristalina Georgieva warned, that the COVID-19 will turn global economic growth...

Weekly Briefing: OPEC+ Cuts Production, More Economic Data Out

JAKARTA (TheInsiderStories) - Good Morning! Oil cartel and allies led by Russia agreed to cut the output around 10 percent of global supply to support oil...

Countries Has Proposed Grants from Multilateral Agencies

JAKARTA (TheInsiderStories) - After the multilateral agencies announces the loan facilities program for develop and poor countries to overcome the COVID-19 outbreak with total amount...

World Bank, IMF Announces Debt Relief for Poorest Countries

JAKARTA (TheInsiderStories) - The World Bank Group and International Monetary Fund (IMF) announced the debt relief for the poorest countries amid the coronavirus outbreak, said the...

G20 Mulls Joint Efforts to Handle COVID-19 Outbreak

JAKARTA (TheInsiderStories) - Group of 20 (G20) financial ministers and central bank governors agreed to develop a joint Action Plan in response to the COVID-19,...

Blunting the Impact and Hard Choices: Early Lessons from China

JAKARTA (TheInsiderStories) - The impact of the coronavirus is having a profound and serious impact on the global economy and has sent policymakers looking for ways...

IMF Ready to Mobilize US$1T to Beat the COVID-19

JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) stands ready to mobilize its US$1 trillion lending capacity to help countries lessen the blow from the coronavirus,...

UK Launchs Stimulus US$38B, Support IMF’s Catastrophe Relief Fund

JAKARTA (TheInsiderStories) - The United Kingdom (UK) launched a stimulus package worth of GBP30 billion (US$38.46 billion) to ward off the economic impact of the coronavirus...

Fiscal Policies to Protect People During the Coronavirus Outbreak

JAKARTA (TheInsiderStories) - A key role of government is to protect the well-being of its people—most crucially and visibly during emergencies such as the recent...

IMF Prepares US$50B to Address the Impact of Coronavirus

JAKARTA (TheInsiderStories) - International Monetary Funds (IMF) makes available US$50 billion to help address the impact of coronavirus, said the managing director yesterday (03/04). The...

World Bank Prepares US$12B to Overcome COVID-19 Impact

JAKARTA (TheInsiderStories) - The World Bank Group prepared an initial package of up to US$12 billion ito help countries overcome the health and economic impacts of...

G20 Calls Coordination Response to Coronavirus

JAKARTA (TheInsiderStories) - Finance leaders from the Group of 20 (G20) called for a coordinated response to the coronavirus (COVID-19) outbreak, which the International Monetary Fund...

IMF Declares Argentina Public Debt “Unsustainable”

JAKARTA (TheInsiderStories) - International Monetary Fund (IMF) called that Argentina’ public debt was sustainable, but not with high probability, given substantial downside risks. The assessment...

IMF Agrees 3-Years Loan for Ukraine US$5.5B

JAKARTA (TheInsiderStories) - International Monetary Fund (IMF) has agreed with Ukraine' government to lend SDR4 billion or around US$5.5 billion for three years period. Ukraine had originaly...

IMF: ASEAN’s Economy Decelerating Amid Global Uncertainty

JAKARTA (TheInsiderStories) - Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, rated Southeast Nation (ASEAN) countries' economy now decelerating amid the global uncertainty. As...

IMF’ Executive Board Selects Georgieva as Managing Director

JAKARTA (TheInsiderStories) - The executive board of the International Monetary Fund (IMF) officially appoints Kristalina Georgieva to serve as a new Managing Director of the agency....

Morning Briefing: IMF Nominates Georgieva Become Managing Director

JAKARTA (TheInsiderStories) - The executive board of the International Monetary Fund (IMF) nominated Kristalina Georgieva become the next managing director to replace Christine Lagarde position which...