Climate change brings extreme, early impact to South America

Scientists have long been warning that extreme weather would cause calamity in the future. But in South America, which in just the last month has had deadly landslides in Brazil, wildfire in Argentine wetlands and flooding in the Amazon so severe it ruined harvests, that future is already here.

IMF disburses $1 bn for Pakistan

The IMF has approved a $1 billion loan disbursement for Pakistan after signaling approval with recent government reforms.

The money comes from an agreement that was approved in July 2019 for a $6 billion loan over a period of more than three years under the Washington-based crisis lender's Extended Fund Facility.

Argentina reaches debt deal with IMF

Argentina has reached an agreement with the International Monetary Fund to refinance more than $40 billion in debt, President Alberto Fernandez has said.

"We had an unpayable debt that left us without a present or a future, and now we have a reasonable agreement that will allow us to grow and comply," Fernandez said on national television on Jan. 28.

The OECD is Starting Negotiations with Bulgaria and Five other Countries

The Organization for Economic Co-operation and Development (OECD) announced late Tuesday that it was starting talks with Bulgaria and five other countries on joining the club of rich countries, Reuters reported.

The other countries are Argentina, Brazil, Peru, Romania, and Croatia.

New Head of the OECD Proposes Bulgaria to Join the Organization