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IMF: Fossil fuels receive $10m a minute subsidies
2015-05-19 10:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: The International Monetary Fund (IMF) has said that in 2015, the fossil fuel industry will receive $5.3trn in subsidies, surpassing annual health spending for all the worlds governments. Fossil fuel companies across the planet are set to receive the huge sum from public funds throughout 2015, equating to $10m per minute. In a working paper published on Monday, the IMF described the figures as shocking, adding that the study is extremely robust. It says that the sum is owed largely to the...
Tags: receive
minute
10m
fossil
Global energy subsidies to hit $5.3 tn this year: IMF
2015-05-18 21:45:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: The International Monetary Fund voiced alarm Monday about energy subsidies across the world, saying they were expected to reach $5.3 trillion in 2015, more than government health spending. "These estimates are shocking," the IMF said in a report, noting the figures were among the largest negative factors for economic growth it had ever estimated, piling up adverse effects on efficiency, growth and inequality. The report estimated that this year's energy subsidies represent 6.5 percent of the...
Greece taps reserves to pay IMF loan
2015-05-12 13:03:11| BBC News | Business | UK Edition
Greece was forced to tap into an emergency account to make a debt interest payment to the International Monetary Fund (IMF), it has emerged.
Tags: pay
loan
greece
reserves
IMF says China 'must free currency'
2015-05-07 09:16:59| BBC News | Business | UK Edition
The IMF says China should continue to provide "greater flexibility" in its exchange rate policy as the country continues to see slower economic growth.
IMF praises UK economic strategy
2015-04-17 10:11:46| BBC News | Business | UK Edition
The head of the International Monetary Fund, Christine Lagarde, endorses the UK coalition government's economic strategy, during a meeting in Washington.
Tags: strategy
economic
imf
praises
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