The World Bank, along with the other multilateral development banks (MDBs), was set up to provide long-term financing for development projects – including in the basic infrastructure needed for ...

LONDON (Reuters) - Including the Chinese yuan in the International Monetary Fund's benchmark currency basket would give it an official seal of approval, eventually leading to global demand worth more ...

Learn how the Exchange Stabilization Fund stabilizes markets using USD, foreign currencies, and SDR during dilemmas like the 2008 financial crisis and COVID-19 pandemic.

LONDON/BUENOS AIRES, June 29 (Reuters) - Argentina, battling a scarcity of dollars, will make payments worth some $2.7 billion to the International Monetary Fund (IMF) this week using its holdings of ...

This is a joint post by Brad Setser and Stephen Paduano, the executive director of the LSE Economic Diplomacy Commission and a PhD candidate at the London School of Economics. These agenda ...

In August 2021, the International Monetary Fund (IMF) increased its allocation of special drawing rights (SDRs) to member countries by 456 billion units, equivalent to about US$650 billion. This ...

A report in the Moscow Times that the Kremlin was poised to ask the G20 meeting in London on April 2 to consider creating a supranational reserve currency was met with widespread mirth in the FX ...