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The Latest Breaking News from International Monetary Fund

Climate finance and debt relief loom large at World Bank, IMF meetings

The urgent issues of climate financing and global inequality will underpin this week’s spring meetings of the World Bank and the International Monetary Fund – coming amid growing calls for a shake-up of those institutions to avoid a climate-driven “economic catastrophe”.

Radio France Internationale

IMF Says Global Debt Levels Face 'Great Election Year' Risk

The path towards sustainable government debt levels around the world is under threat this year from the sheer number of elections taking place, the IMF said Wednesday in a new report.

International Business Times

Beware risks of voter giveaways to public finances, countries facing elections told

IMF says reduction in national insurance may have made cutting UK national debt more difficult

The Guardian - UK

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Billions more in overseas aid needed to avert climate disaster, say economists

Pressure piles on World Bank and IMF to steer countries to low-carbon transition at spring summit

The Guardian - UK

UK interest rate cut hopes fade after inflation falls by less than expected – as it happened

City investors trim their forecasts for rate cuts this year, after inflation falls by less than expected to 3.2%

The Guardian - UK

Yellen: US Addressing Global Economic Risks, Says IMF-World Bank

Janet Yellen emphasizes global economic collaboration to address risks and promote stability amidst COVID-19 challenges.

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IMF Projects Slow Global Growth In 2024, Warns Of Risks

IMF's 2024 global economic outlook: slow growth with risks from trade disputes and geopolitical instability.

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Yellen Urges Mitigation Of China's Clean Energy Overproduction

IMF, World Bank, and Treasury Secretary Yellen raise concerns over China's overproduction of clean energy goods, urging for measures to address market dist...

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IMF Forecasts India's GDP To Grow 6.8% In 2024-25

IMF raises India's GDP forecast to 6.8% for 2024-25, signaling economic resilience and global potential.

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Global Economy Expected To Experience Soft Landing In 2024

IMF forecasts 'soft landing' for global economy with modest growth and controlled inflation. Challenges like inflation and geopolitical tensions persist.

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Yellen Emphasizes Unlocking Russian Assets To Aid Ukraine

Treasury Secretary Yellen advocates leveraging Russian assets to support Ukraine amidst ongoing conflict.

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Middle East conflict risks sharp rise in oil prices, says IMF

In the UK, anxiety over the crisis after Iran’s missile strike on Israel drives down UK shares

The Guardian - UK

Budget clouded by global wars and weak economic growth

Treasurer Jim Chalmers will use talks in Washington to take the temperature of the global economy as he puts the finishing touches on his third federal budget.

AAP

Yellen Says US Set To Tighten Sanctions On Iran Soon

US Treasury Secretary Janet Yellen warned Tuesday of further sanctions targeting Iran following its unprecedented attack on Israel over the weekend, saying she expects Washington will take added action "in the coming days."

International Business Times

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International Business Times

Behind The Growth, Ivory Coast's Debt Fuels Debate

Abidjan's soaring Alassane Ouattara bridge lit up at night in the colours of the national flag is Ivory Coast's jewel in the crown after years of investment.

International Business Times

IMF Ups Global Growth Forecast But Signals Medium-term Pessimism

The IMF has raised its outlook for the global economy this year, while maintaining a gloomy forecast over the medium term, according to fresh data published Tuesday.

International Business Times

The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF's "relatively good" outlook for the world economy, its chief economist told AFP. "We are projecting a global economy that is quite resilient for 2024," Pierre-Olivier Gourinchas said in an interview ahead of…

The Guardian - UK

UK households face second year without improved living standards, says IMF

Growth per head will remain flat this year as the effects of high inflation take time to abate

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Pakistan Aims For Swift Approval Of New IMF Loan

Pakistan's Finance Minister is optimistic about securing an IMF loan to address economic challenges and stabilize the country's economy.

The Guardian - UK

Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100’s worst day in nine months – as it happened

IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points

International Business Times

Pakistan And IMF Discussing New Multi-billion-dollar Program, Finance Minister Says

Pakistan has initiated discussions with the IMF over a new multi-billion dollar loan agreement to support its economic reform program, its new finance minister told AFP on Monday.

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Saudi Arabia To Invest Billion In Pakistan

Saudi Arabia pledges billion investment in Pakistan to support its economy amid financial crisis.

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US Treasury Notes Progress In Multilateral Bank Reforms

US Treasury acknowledges progress in IMF and World Bank reforms, emphasizing the need for ongoing improvements in multilateral financial institutions.

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Yellen To Press China On Growth During IMF, World Bank Meetings

US Treasury Secretary Janet Yellen to address China's economic growth concerns at upcoming IMF and World Bank meetings, fostering international economic co...

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World Bank Warns Of 'Historical Reversal' For Poorest Nations

World Bank and IMF warn of 'historical reversal' in development for poorest nations due to COVID-19 impact.

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