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Graeme Sloan/Sipa USA via Reuters
At the plenary session concluding the International Monetary Fund and World Bank’s 2024 Annual Meetings in Washington, DC, on Friday, IMF Managing Director Kristalina Georgieva made clear there was no time to rest. Although wealthy countries seem likely to achieve the much-vaunted “soft landing” — reducing inflation without a recession — geopolitical, climactic, and fiscal risks are putting great strain on the world’s most vulnerable economies.
REUTERS/Brendan McDermid
With the US election just nine days away, it’s crunch time for the presidential campaigns. Republican candidate Donald Trump headlined a rally Sunday night at Madison Square Garden in New York, a state that last backed a Republican in 1984. Vice President Kamala Harris, meanwhile, was in Pennsylvania, visiting a barbershop and a Puerto Rican restaurant
Alessandro Bremec/ipa-agency.n/IPA/Sipa USA via Reuters
Kyodo via Reuters Connect
Japan’s Liberal Democratic Party and coalition partner Komeito lost their parliamentary majority on Sunday in an election dominated by economic and ethical issues.
Gil Cohen-Magen/Reuters
REUTERS/Zurab Javakhadze
Opposition parties in the country of Georgia are accusing the incumbent Georgian Dream of stealing Saturday’s election, calling the results “falsified” and a “constitutional coup.”
The clock is ticking on efforts to help halt and reverse biodiversity loss, but there’s still time to help support the animals, plants, and ecosystems that are all necessary for a healthy planet. In order to protect biodiversity — every living organism and ecosystem from microbes to mangroves — citizens, companies, and countries all need to do their part. That’s why the Mastercard-led Priceless Planet Coalition is on a mission to restore 100 million trees and regenerate biodiversity-rich forests. Read more about the Coalition's approach and progress.
Delegates at the IMF and World Bank Annual Meetings have been giving rosy outlooks to the press while the cameras are rolling, but GZERO Senior Writer Matthew Kendrick heard a different story in private settings. He told Tony Maciulis that the global outlook depends heavily on US policy continuity — which is highly unlikely under a second Trump administration — and successful efforts in China to revive its own floundering economy.
This week World Bank announced a bold initiative to bridge the gender divide by creating more economic opportunity, broadening female leadership, and reducing gender-based violence in the next 5 years as 2030 approaches.
Matthew Kendrick
When a country hits rock bottom financially, the International Monetary Fund is meant to step in with funds to stabilize the economy without damaging its society — or the gender gap. But studies show that these programs often push women out of work at a disproportionate rate to men as the economy contracts. Matthew Kendrick reports from the World Bank-IMF Annual Meetings on a push to build more equitable programs.
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