Here’s how a trade war between the US and China could reshape the global order
The raising of US tariffs to 25% on $200 billion of annual Chinese imports on May 10 marked the latest escalation in the US-China trade tensions.
International Monetary Fund (IMF) is an international organization of 188 member countries established to promote international monetary cooperation, exchange stability and orderly exchange arrangements. It seeks to foster economic growth and high levels of employment and to provide temporary financial assistance to countries to help ease balance of payments adjustment. Since it was established in 1944, its purposes have remained unchanged but its operations, which involve surveillance, financial assistance, and technical assistance, have developed to meet the changing needs of its member countries in an evolving world economy.