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The Latest Breaking News from International Monetary Fund

Earnings, IMF Meeting and Other Can't Miss Items this Week

This week coming up we have more earnings reports, an IMF meeting, and a few other news releases.

Barchart

Debt will overshadow IMF gathering as World Bank boss pleads for poorest countries

In Washington, finance ministers will face pressure for action to reduce their own debt and offer more resources to poorer nations

The Guardian - UK

Global Finance Leaders Navigate Uncertainty Amid U.S. Election

Explore the potential impact of the U.S. presidential election on global economic policies and the IMF and World Bank's roles in maintaining economic stabi...

Top News

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IMF Chief Calls For Unity On Shared Challenges In 'Deeply Troubled Times'

The international community must come together despite the "difficult geopolitical environment" to tackle shared challenges like lackluster growth and the existential threat posed by climate change, the head of the IMF said Thursday.

International Business Times

Mexico Touts Foreign Investments As IMF Warns About Reforms

President Claudia Sheinbaum trumpeted planned foreign investment in energy, tourism and e-commerce after meeting US business leaders in Mexico City, although it was unclear how much of it was new.

Latin Times

Why are mortgage rates rising and when could they fall again?

The Bank of England is still expected to cut its headline lending rate from 5% to 4.75% when its Monetary Policy Committee meets in November

Evening Standard

Global Public Debt To Surpass $100 Trillion in 2024: IMF

Amid spending pressures and slow development, the International Monetary Fund warns of a growing global debt crisis, projecting $100 trillion in debt by 2024 and 93% of GDP by 2030.

International Business Times

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IMF Asks Sri Lanka To Protect Hard-won Gains

Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said Friday as the country's new president sought changes to its $2.9 billion bailout.

International Business Times

Tunisian President Faces Few Obstacles In Reelection Bid

Learn about Tunisia's upcoming presidential election, economic challenges, migration issues, and international relations under President Kais Saied.

Top News

Israel-Hamas War Causes 86-percent Dive In Gaza GDP: IMF

A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP. "Preliminary official estimates indicate an 86 percent decline in GDP in the first…

International Business Times

Sri Lanka's New President Seek Changes To IMF Deal

Sri Lanka's new president Thursday urged the IMF to consider "alternative means" to continue with a $2.9 billion bailout that aided his country in the wake of a sovereign default but imposed painful austerity.

International Business Times

Afternoon Update: scores killed in Beirut; Sydney Palestine vigil cancelled; falcon chicks hatch in Melbourne

At least six people have died after an Israeli missile strike on a medical centre in Lebanon’s capital

The Guardian - AU

IMF endorses RBA high interest rates and warns a further hike might be needed if the inflation fight stalls

The International Monetary Fund has endorsed the Reserve Bank’s tough monetary policy – while warning rates might need to rise again if the fight against inflation stalls.

The Conversation

IMF backs RBA not cutting interest rates and says phasing out tax breaks for property investors would be ‘equitable’

‘The RBA’s decision to maintain its restrictive policy stance in the near-term is appropriate,’ fund says in latest assessment report

The Guardian - AU

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The Conversation

Sri Lanka’s new president faces uphill battle to revive debt-ridden economy

September 21 was a day of many firsts in Sri Lanka. Millions of people went to the polls to vote in the first presidential elections since mass protests forced the country’s last elected president, Gotabaya Rajapaksa, from office in 2022.

Top News

IMF Approves Billion Loan To Boost Pakistan's Economy

IMF approves billion loan for Pakistan to bolster its economy. Prime Minister expresses gratitude for the financial assistance.

Top News

Sri Lanka's New President To Address Economic Crisis

Sri Lanka's new President plans to address economic crisis through IMF talks and debt restructuring. Learn more about the country's recent political and ec...

Al Jazeera

IMF loan offers Pakistan relief but long-term reforms remain a challenge

The $7bn loan is a lifeline for Pakistan’s struggling economy, but experts say the country needs fundamental changes.

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The Conversation

Easing Africa’s debt burdens: a fresh approach, based on an old idea

The statistics are stark: 54 governments, of which 25 are African, are spending at least 10% of their revenues on servicing their debts; 48 countries, home to 3.3 billion people, are spending more on debt service than on health or education.

The Independent UK

Pakistan says the IMF has approved a $7 billion loan

Pakistani officials say the executive board of the International Fund has approved a new $7 billion loan for the country

International Business Times

Strategies To Mitigate The Impact Of Inflation

According to the International Monetary Fund (IMF), inflation is decreasing more quickly than anticipated. Global inflation is projected to drop to 5.8% in 2024 and 4.4% in 2025.

The Conversation

Sri Lankans throw out old guard in election upset: What nation’s new Marxist-leaning leader means for economy, IMF loans

Sri Lankans voted for a new direction in leadership on Sept. 22, 2024, electing a leftist anti-poverty campaigner as president of the South Asian nation.

Al Jazeera

Marxist-leaning Dissanayake wins Sri Lanka’s election: What’s next?

From an IMF deal he wants to renegotiate to parliamentary elections, president-elect faces key challenges.

International Business Times

EXCLUSIVE: Bitpace CEO Talks About The State Of Global Crypto Regulation

Regulatory clarity remains a pain point for the crypto industry, more than a decade after the first cryptocurrency emerged – how is the global regulatory landscape catching up to a fast-evolving industry?

Top News

Marxist-Leaning Anura Kumara Dissanayake Elected Sri Lanka's President

Anura Kumara Dissanayake elected as Sri Lanka's new president, promising change and facing economic challenges ahead.

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