The International Monetary Fund (IMF) chief said that cryptocurrencies need to be regulated with rules and infrastructure as they pose risks to financial stability
(Bloomberg) The International Monetary Fund called on states across the Middle East and North Africa to curb their dominance over their local economies, one of a brace of proposals it said would boost the region’s sluggish growth.Most Read from BloombergIsrael Latest: Army Says Over 600,000 Gazans Have Fled SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East W
The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973.While voting shares were not changed, the IMF agreed to expand its executive board from 24 to 25 members to give Africa another seat.