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IMF working with Georgia on additional financing to combat pandemic

WASHINGTON (Reuters) – The International Monetary Fund on Monday said it was working closely with authorities in Georgia to provide additional financing for the South Caucasus country as it works to cushion the human and economic impact of the coronavirus pandemic. “The IMF is working closely with the authorities to provide support under the Extended […]

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U.S. dollar gains as global easing gives temporary respite

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar advanced on Monday, snapping a week of declines, as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the coronavirus pandemic. China’s offshore yuan fell after the Chinese central bank cut a key interbank interest rate, while Singapore’s […]