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Added on the 11/10/2023 12:46:14 - Copyright : France 24 EN
The IMF hopes to mobilise 100 billion dollars from the world's richest countries to be distributed to countries in need, including the Democratic Republic of the Congo, says chief Kristalina Georgieva in Kinshasa during her first trip to Africa since start of Covid-19 pandemic. SOUNDBITE
The International Monetary Fund's World Economic Outlook now sees world growth of 6.0 percent this year after the contraction of 3.3 percent in 2020 amid the Covid-19 pandemic, IMF chief economist Gita Gopinath says. SOUNDBITE
Optimism that new vaccines will bring the pandemic under control and allow economic activity to resume coupled with stimulus in major economies has boosted the growth forecast this year to 5.5 percent, the IMF says in its latest World Economic Outlook. SOUNDBITE
The global economic crisis will not be quite as grim as feared this year, but GDP will still contract 4.4 percent, the IMF says in its latest World Economic Outlook. "This upgrade owes to somewhat less dire outcomes in the second quarter, as well as signs of a stronger recovery in the third quarter, offset partially by downgrades in some emerging and developing economies," IMF chief economist Gita Gopinath says. SOUNDBITE
The managing director of the International Monetary Fund, Kristalina Georgieva warns that "the cumulative losses of trade conflicts could get us to about $700 billion by 2020" in a speech in Washington ahead of IMF-World Bank autumn meetings next week SOUNDBITE
French President Emmanuel Macron opens a global summit in Paris to produce more vaccines in Africa, attended by a number of African leaders, donors and pharmaceutical groups. IMAGES
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