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The Latest Breaking News from International Monetary Fund

Hopes grow of G7 deal to support Ukraine with $300bn in frozen Russian assets

Foreign ministers confident of agreement to use bank assets as security for Ukraine reconstruction loan

The Guardian - UK

Poverty in Lebanon more than tripled in past decade: World Bank

Report shows country has slid into a protracted financial crisis, with Syrian refugee population hit particularly hard.

Al Jazeera

IMF: Lebanon's Reforms Insufficient For Economic Recovery

IMF evaluates Lebanon's reform measures as insufficient for economic recovery, urges comprehensive changes to address deep-rooted challenges.

Top News

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Poverty in Lebanon tripled over a decade, World Bank says

The World Bank says poverty in Lebanon has tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis

The Independent UK

Things can only get better? For Sunak and the UK economy, this might be as good as it gets

Economies decide elections but with growth tentative, inflation sticky, and tax cuts unlikely, why would the PM wait

The Guardian - UK

Top data breaches and cyber attacks in 2024

An exhaustive list of major data breaches in 2024 so far.

TechRadar

Current and future chancellor face tough choices after IMF report on UK economy

Body says £30bn fiscal gap cannot be filled by higher growth or extra borrowing. So how will No 11 ease pressure on public finances?

The Guardian - UK

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FTSE 100 Live 21 May: Inflation in focus after index closes slightly down

Higher-than expected UK inflation figures disappointed the City today, with shares falling as the 2.3% Consumer Price Index reading dashed hopes of a June interest rate cut.

Evening Standard

OPINION - An improving economy won't save the Tories

It doesn't seem fair. When the economy is tanking, the government gets the blame. When it recovers, voters tend to give short shrift. Just ask John Major, who couldn't even convince one in three Britons to support the Conservatives in 1997 despite overseeing 22 consecutive quarters of GDP growth and…

Evening Standard

IMF Cautions On Timing Of UK Rate Cut

The International Monetary Fund on Tuesday said the Bank of England should be mindful over when to start cutting interest rates or risk harming an economy recently out of recession.

International Business Times

Homeowners given hope of THREE interest rate cuts this year by a new report by leading economists

The IMF raised the prospect of summer cuts to interest rates by the Bank of England, and of a fall from 5.25 per cent to 4.5 per cent in 2024

Evening Standard

Jeremy Hunt looks to cut NICs again despite IMF warning of £30bn fiscal hole

World body’s latest health check of UK economy says ‘unpopular revenue-raising measures’ may be needed

The Guardian - UK

UK economy heading for ‘soft landing’ says IMF, in warning against tax cuts – as it happened

The IMF has delivered its verdict on the UK economy, and signalling its opposition to pre-election tax cuts from Jeremy Hunt

The Guardian - UK

Moscow says west ‘playing with fire’ over Ukraine – as it happened

The country’s foreign ministry said the supply of long range weapons to Ukraine by the UK and US had led to an escalation in the conflict

The Guardian - UK

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The Guardian - AU

Ukraine war briefing: Kharkiv campaign won’t deliver major Russian breakthrough – Nato general

Ukraine accuses invaders of killing civilians and setting up human shields; sanctions over North Korean arms supply to Russia. What we know on day 814

Top News

IMF Expresses Concern Over US Inflation Data

IMF expresses concern over rising US inflation, urging policymakers to take action to maintain economic stability.

TechRadar

IMF boss warns AI "tsunami" could devastate global jobs market

International Monetary Fund Managing Director warns that 2-3 in five jobs could be affected by AI.

International Business Times

IMF Approves Use Of Reserve Assets For 'Hybrid' Financial Instruments

The IMF said Wednesday that its board had voted to allow member states' IMF-issued international reserve assets to be used by multilateral development banks (MDBs) to acquire financial instruments that would stretch their balance sheets further.

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The Hindu

Hope Pakistan gets a leader like Narendra Modi, says Pakistani American businessman Sajid Tara

Pakistani-American businessman praises PM Modi's leadership, predicts third term win, while expressing concerns over Pakistan's economic crisis.

Top News

IMF Supports Japan's Flexible Yen Commitment

IMF endorses Japan's commitment to a flexible yen exchange rate for economic stability and growth.

International Business Times

IMF Gives Draft Approval To Argentina Payout Of Almost $800 Mn

IMF staff have reached an agreement with Argentina on a loan program review that should unlock almost $800 million in much-needed funds for the Latin American country, the Washington-based financial institution said Monday.

International Business Times

Maldives Gets IMF Debt Warning As More Chinese Loans Loom

Since winning office last year, President Mohamed Muizzu has reoriented the atoll nation -- known for its upmarket beach resorts and celebrity vacationers -- away from traditional benefactor India and towards Beijing.

The Guardian - UK

World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say

Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect

Top News

IMF Warns Of High Economic Risks For Pakistan

IMF warns of high economic risks in Pakistan due to COVID-19 impact and structural challenges, urging urgent policy actions for stabilization.

Top News

IMF Maintains Nigeria Growth Forecast At 3.3% For 2024

IMF maintains Nigeria's 2024 growth forecast at 3.3%, reflecting stability and confidence in the country's economic prospects.

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