The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization technology to streamline financial processes and enhance global economic development, Reuters reported Tuesday (Nov. 28). Tokenization involves converting traditional financial assets into...
The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with China, and Russia’s invasion of Ukraine is exacerbating geopolitical tensions, The Wall Street Journal (WSJ) reported Wednesday (Aug. 9). A combination...
The International Monetary Fund (IMF) is working on a worldwide central bank digital currency (CBDC) infrastructure. That platform would allow for interoperability of CBDC settlements and avoid their underutilization, IMF Managing Director Kristalina Georgieva said during a conference in Rabat, Morocco. “We are working on a principle...
An International Monetary Fund (IMF) director said the Federal Reserve may need to do more to slow lending. IMF Managing Director Kristalina Georgieva told CNBC on Saturday (June 3) that the Federal Reserve will likely continue raising interest rates because too few banks have reduced...
January 15, 2024
The impact of artificial intelligence (AI) on employment will be especially great in advanced economies, according to the International Monetary Fund (IMF). Overall, among economies of all kinds, about 40% of global employment is exposed to AI, the IMF said in a Sunday (Jan. 14) blog post. However, in advanced economies, around 60% of jobs may be […]
November 28, 2023
The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization technology to streamline financial processes...
August 09, 2023
The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with China, and Russia’s invasion of...
June 19, 2023
The International Monetary Fund (IMF) is working on a worldwide central bank digital currency (CBDC) infrastructure. That platform would allow for interoperability of CBDC settlements and avoid their underutilization, IMF Managing...
