World News

Mastercard SpendingPulse: U.S. Retail Sales Grew 8.5%* This Holiday Season

December 26, 2021/Mastercard It’s been a resurgent season for retailers as consumers stocked their carts with gifts and gadgets. According to Mastercard SpendingPulseTM, holiday retail sales excluding automotive increased 8.5% year-over-year this holiday season, running from November 1 through December 24. Notably, online sales grew 11.0% compared to the same period last year, […]

IMF Approves Temporary Extension of Cumulative Access Limits in the Fund’s Emergency Financing Instruments

December 23, 2021/IMF On December 20, 2021 , the IMF’s Executive Board approved 18-month extensions (through end-June 2023) of the temporary increases to the cumulative access limits under its emergency financing instruments, i.e., the Rapid Financing Instrument (RFI) regular window, the Rapid Credit Facility (RCF) Exogenous Shock window, and the RFI’s and […]