China is the biggest contributor to global energy subsidies that the International Monetary Fund estimates at $5.3 trillion, equivalent to 6.5 percent of the world’s gross domestic product.

The multilateral development banks (MDBs) and IMF today signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public

The world subsidises energy consumption to the tune of more than $200,000 per second, with about 60 per cent of that going to support coal, according to researchers at the International Monetary Fu

Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fun

World leaders have drawn up ambitious goals to end extreme poverty by 2030 and promote development over the next 15 years, but now they have to figure out how to pay the bill.

More than three million of the world's poorest people have been forced from their homes, land and jobs over the past decade by World Bank-funded projects, an investigation showed on Thursday as the

Falling oil prices provide a golden opportunity to reduce inefficient fossil energy subsidies in favor of more productive and equitable spending, said the International Monetary Fund (IMF) in a new

“India will grow at 6.3% in 2015, up from 5.8% in 2014”

A new report released in Washington DC by the World Bank and International Monetary Fund (IMF) on Wednesday challenged leaders to do much more to end extreme poverty in another 16 years.

Energy taxes in much of the world are far below what they should be to reflect the harmful environmental and health impact of fossil fuels use, the International Monetary Fund said in a new book on