IMF, WB meetings clouded by wars, slow economic growth, US election

Quick Summary:

While debt defaults among poor countries may have peaked, participants at the annual meetings are expected to discuss the growing problem of scarce liquidity that is forcing some emerging markets saddled with high debt service costs to delay development investments as overseas aid shrinks.

But growing anti-China trade sentiment and industrial policy plans from wealthy countries, punctuated by the Biden administration's steep tariff increases on Chinese electric vehicles, semiconductors and solar products, is expected to be a key discussion topic at the meetings.

The meetings, which start on Monday and get into full swing later in the week, will likely be the last for US Treasury Secretary Janet Yellen, who spearheaded much of the Biden administration's multilateral economic and climate efforts.

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Category: BusinessFinance

Markets: IndiaChinaEgyptIsraelJordanLebanonMoroccoPakistanUkraine

Topics: International monetary fund US presidential elections IMF World Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 12:06:08 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 815 words

Reading Time: 5 minutes read

Sentences: 21 lines

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Copyright Owner: © Business Standard

News ID: 23148282

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