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The Latest Breaking News from International Monetary Fund

Marxist Anura Kumara Dissanayake Leads In Sri Lanka Election

Sri Lanka's presidential election sees Anura Kumara Dissanayake leading but short of majority, crucial for economic recovery.

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Polls close in Sri Lanka's first election since economic collapse

Sri Lankans voted on Saturday in the country's first presidential election since its economic collapse, with the unpopular IMF austerity plan at the forefront of voters' minds. President Ranil Wickremesinghe faces tough opposition as his economic reforms, though stabilising the nation, have caused widespread hardship, fuelling support for candidates advocating…

France 24

Sri Lanka election 2024: Who could be the next president, what’s at stake?

Economic issues top the agenda as the island country of 22 million goes to the polls to elect its 10th president.

Al Jazeera

As Sri Lanka votes, a $2.9bn IMF loan looms large

Ranil Wickremesinghe, Anura Kumara Dissanayake and Sajith Premadasa are contesting an election focused on the economy.

Al Jazeera

‘The hardship is still there’: Sri Lanka prepares to vote as hopes of revolution falter

Saturday’s election will be the first since a people’s movement toppled the president. But other problems have proved harder to shift

The Guardian - UK

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Russia-Ukraine war: US imposes new sanctions on Russia and North Korea – as it happened

Concerns over deepening military cooperation between Russia and North Korea over war in Ukraine

The Guardian - UK

Sri Lanka To Vote In First Poll Since Economic Collapse

Cash-strapped Sri Lanka will vote for its next president Saturday in an effective referendum on an unpopular International Monetary Fund austerity plan enacted after the island nation's unprecedented financial crisis.

International Business Times

Ukraine war briefing: Trump says he will ‘probably’ meet Zelenskiy in US next week

Ukrainian leader has said he wants to present a peace plan to President Biden, and presidential candidates Trump and Harris. What we know on day 939

The Guardian - AU

IMF postpones Russia visit after heavy criticism across Europe

Trip to Moscow to review economy delayed indefinitely after protests it would ‘normalise relations with aggressor’

The Guardian - UK

Kenya could run out of money to repay massive debts: how to avoid this

Data from Kenya’s central bank show that public debt (total money owed) declined between December 2023 and June 2024.

The Conversation

Cash-strapped Maldives Says No Need For IMF Bailout

The Maldives says its financial troubles are "temporary" and the luxury tourist destination has no plans to seek an International Monetary Fund bailout after warnings of a possible sovereign default.

International Business Times

After 2 years of peddling Putin’s propaganda, the IMF is returning to Russia in open defiance of the West

It is hardly surprising that Putin’s cronies are taking victory laps and celebrating the IMF’s legitimization of the Kremlin.

Fortune

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The Guardian - UK

IMF plan to visit Russia to assess economy prompts dismay across Europe

Protest letter sent to fund’s head over move to send staff to Moscow for first review since invasion of Ukraine

Top News

Pakistan Meets IMF Conditions For Billion Loan Approval

Pakistan successfully meets IMF conditions for billion loan with China's support, implementing tax and energy subsidy reforms amidst concerns.

Al Jazeera

Is Pakistan’s $7bn IMF bailout package in trouble?

Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate.

International Business Times

How A Taxi Driver In El Salvador Boosted His Earnings With Bitcoin

Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador.

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International Business Times

How A Taxi Driver In El Salvador Got Rich With Bitcoin

Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador.

Al Jazeera

As China, Africa woo each other, who gains more? It’s complex, say experts

Beijing’s detractors claim it lures in African countries with big loans, but the continent’s leaders also have a choice.

Evening Standard

The story of Liz Truss in swear words

The ex-PM’s potty mouth has been revealed in a new book

International Business Times

State Of Bitcoin Adoption In El Salvador 3 Years After $BTC Became Legal Tender

El Salvador is often dubbed the "Bitcoin country," given its various initiatives to drive adoption – how has adoption progressed since the nation became first in the world in adopting BTC as legal tender?

The Guardian - UK

The Guardian view on trade unions: good for capitalism

Editorial: Drop the cliches about union barons and militant strikers; organised workers are essential to a modern economy

The Independent UK

Traders observe a daylong strike across Pakistan to protest rising costs and new taxes

Traders in Pakistan are observing a daylong strike by shutting down their businesses in all major cities and urban areas to protest a rise in electricity costs and new taxes imposed on shop owners

The Conversation

How Bangladesh’s interim leaders can turn the country’s troubled economy around

The current political turmoil in Bangladesh, which has seen the government collapse in the face of widespread protests, will pose a fresh set of challenges for the country’s economy. One of the most immediate impacts will be a slowdown in economic growth, as instability creates uncertainty and undermines investor confidence.

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