The International Monetary Fund is considering issuing bonds for the first time in its history to fight the global financial crisis, as part of an effort to double the financial resources. IMF, which now has a total of about $250 billion to lend has felt for months that it needs to double its lending ability to about $500 billion to bolster confidence that it could handle other lenders.
The two IMF programs provide as much as $50 billion in additional funding if the IMF runs through its $200 billion in core financing. The supplementary money is meant to deal with emergencies, as would the new $100 billion Japanese loan program.Now Japan would be taking a different route to help provide financing for financially troubled countries by working through the IMF.
The world is not making nearly enough progress in reducing greenhouse gas emissions to achieve the goals for limiting global warming agreed at the Paris climate summit in 2015, a group of political and business leaders has warned.Read More
Software robots replicate the routine work humans often do in front of computer screens. As software applications have taken over mainline business processes, many back-office workers find themselves filling the gaps between fragmented systemsRead More
US and Chinese tech firms are a good bet despite the trade spat.U.S. and Chinese technology companies in the next ten years and would rather see cooperation between the world's two largest economies instead of "outright competition."Read More