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World

Russia’s Invasion Of Ukraine: IMF, World Bank work on $3 billion aid package to Ukraine

The World Bank is working on a $3 billion package to aid Ukraine as it fights against a Russian invasion with the first $550 million to be approved soon. In a joint statement with the International Monetary Fund, the World Bank said it is preparing the package of support for the coming months, with the […]

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Business World

IMF urges El Salvador to strip Bitcoin legal tender status citing obstacle to get loan from the institution

The International Monetary Fund’s board urged El Salvador to strip Bitcoin of its status as legal currency due to its large risks, highlighting a major obstacle for the nation’s efforts to get a loan from the institution. El Salvador last year sought a $1.3 billion IMF loan, but talks have been stymied by the lender’s […]