Russia calls on BRICS partners to create alternative to IMF
Russia calls on BRICS partners to create alternative to IMF

Russia has called on its partners to create an alternative to the International Monetary Fund (IMF) to counter political pressure from Western nations ahead of the BRICS summit later this month. Russia is now chairing the BRICS group. BRICS, originally comprising Brazil, Russia, India, and...

Global public debt to exceed $100 tn by end of 2024: IMF
Global public debt to exceed $100 tn by end of 2024: IMF

The International Monetary Fund (IMF) said the global public debt is expected to exceed a record $100 trillion this year, reports BSS. In its latest report on fiscal policy, on Tuesday, the IMF said it expects global public debt to hit 93 percent of global gross domestic product (GDP) this year,...