Nandalal Weerasinghe, governor of the Central Bank of Sri Lanka says surprise rate cut was 'corrective', to help support economic growth.
From Brazil to Southeast Asian nations, more and more countries are calling for trade to be carried out in other currencies besides the U.S. dollar.
Kristalina Georgieva, managing director at the IMF, joins 'Squawk on the Street' to discuss global economic outlooks, the synchronized action taken by central banks to tackle inflation, and the importance of price stability.
The IMF said Wednesday that a U.S. economic downturn remains "within the realm of possibilities," despite encouraging data to the upside.
Vitor Gaspar, director of the fiscal affairs department for the IMF, discusses the global economic outlook and reasons for current pressures, as well as adjustments governments can make as their economies recover.
The Consumer Price Index rose by 0.1% in March, below economists' expectations for a 0.2% gain.
The IMF said that five years from now, global growth is expected to be around 3% — the lowest forecast in a World Economic Outlook for over 30 years.
CNBC's Kayla Tausche reports on news from the upcoming IMF meetings.
Deutsche Bank is the latest bank to suffer a panic-driven sell-off. But analysts said it's an irrational move by markets.
Steve Hanke, professor of applied economics at Johns Hopkins University, says there's temporary relief but "tremendous recidivism" in the long run.
"China has to change its policies because low income countries cannot pay," said IMF Managing Director Kristalina Georgieva.
In its latest economic update, the institution said the global economy will grow 2.9% this year.
However, China's Jan. 19 letter may not be enough for Sri Lanka to immediately gain the IMF's approval for the critical loan, said Sri Lankan sources.
Fragmentation across the world could cost the global economy up to 7% of GDP, according to a new report by the IMF.
The IMF says it "does not recommend large and untargeted fiscal packages" and that the U.K.'s latest economic measures will "likely increase inequality".
Sri Lanka will present to its international creditors on Friday the full extent of its economic troubles and plans for a multi-billion dollar IMF bailout.
Sri Lanka is in the middle of a crippling economic crisis — and analysts say one powerful family is to blame.
The IMF on Thursday said it had reached a staff-level agreement with Pakistan that would pave the way for disbursement of $1.17 billion if approved.
The nominee for the U.S. Treasury's top economic diplomacy job said on Tuesday he wants to limit China's growing global lending influence.
Sri Lanka has been suffering its worst economic crisis in history, with a severe shortage of foreign exchange stalling essential imports like drugs and fuel.