Global Debt to Exceed $100 Trillion in 2024, IMF Warns

October 22, 2024

New York, Tuesday, October 22, 2024-The International Monetary Fund (IMF) projects that global public debt will surpass $100 trillion by the end of this year, amounting to 93% of the world’s gross domestic product (GDP). This forecast signals a growing concern as major economies like the US and China continue to see rising debt levels, […]

IMF Warns Europe Risks Falling Behind US Economy By 2029

November 22, 2024

Catenaa, Thursday, November 21, 2024- The International Monetary Fund (IMF) has warned that Europe’s economy is set to lag further behind the US by 2029, citing aging demographics, stagnant productivity, and lackluster business investment as key hurdles.  The IMF’s latest European Economic Outlook predicts annual GDP growth of just 1.45% for the continent over the […]

IMF, World Bank, and BIS Collaborate on Tokenization Project

November 29, 2023

London, November 28, 2023- In a landmark move, the International Monetary Fund (IMF), the World Bank, and the Bank for International Settlements (BIS) have announced a collaboration to explore the potential of tokenization in streamlining and enhancing their operations. This marks the first time these three cornerstone institutions have joined forces to venture into the […]