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The Latest Breaking News from International Monetary Fund

IMF outlook worsens for a world economy left 'limping' by shocks like Russia's war

The International Monetary Fund warns that the world economy is losing momentum in the face of higher interest rates, the ongoing war in Ukraine and widening geopolitical rifts

The Independent UK

UK interest rates will need to stay high into 2024, warns IMF

Britain faces ‘fairly subdued’ growth and ‘persistent’ inflation, global economic health check finds

The Guardian - UK

Soft landing more likely for limping global economy

The global economy is limping along as inflation proves persistent, although the IMF is feeling more optimistic about a soft landing.

AAP

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‘I felt powerless’: how a crypto scam cost a finance boss £300,000

Investment manager tells of how fraudsters managed to persuade him to hand over his life savings

The Guardian - UK

Morocco welcomes the annual meeting of the IMF and World Bank a month after its deadly earthquake

The International Monetary Fund and World Bank are holding their annual meeting in Morocco, one month after an earthquake killed nearly 3,000 people in the North African country

The Independent UK

IMF, World Bank hold first meetings in Africa in 50 years

The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change.

Radio France Internationale

IMF clings to a hopeful agenda as crisis follows crisis

At the fund’s annual meeting this week in Morocco, ambitions for climate and debt relief may be overwhelmed by events – again

The Guardian - UK

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IMF chief says the global economy has show resilience in the face of COVID, war and high rates

The global economy has shown remarkable resilience but still bears deep scars from the coronavirus pandemic, the war in Ukraine and rising interest rates

The Independent UK

‘It’s not done’: IMF head warns of costs in finally overcoming inflation

Kristalina Georgieva discusses protracted high interest rates and first term dominated by two ‘unthinkable’ events

The Guardian - UK

Cautious welcome: World Bank and IMF return to Africa, but questions remain

The annual meetings of the World Bank and International Monetary Fund (IMF) are due to take place in Marrakech, Morocco, in mid-October. The city and country are still reeling from a devastating earthquake in early September.

The Conversation

IMF expects continuing US support for Ukraine despite Congress dropping aid

The International Monetary Fund says it expects the U.S. to continue playing its key role in amassing multinational support that has helped keep Ukraine’s economy afloat during Russia’s invasion

The Independent UK

IMF Head Backs Reforms To Increase China’s Voting Power

IMF's Georgieva supports giving China more voting power amid global economic changes.

Zenger

Argentina's economic crisis: whoever wins presidential election is on a collision course with the IMF

Argentina is heading to the polls on October 22 for a presidential election dominated by another profound economic crisis. In September, annual inflation in Latin America’s third-largest economy hit 124%, its highest since 1991.

The Conversation

Why hard-right libertarian Javier Milei wants to dollarise Argentina’s economy

Javier Milei, the "anarcho-capitalist" presidential candidate who took the lead in the August primaries with his "Liberty Advances" political coalition, owes much of his electoral success to his promise to dollarise the Argentine economy. Disoriented by hyperinflation and rising poverty, many Argentinians see the adoption of the US dollar as…

France 24

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The Guardian - UK

The Guardian view on Argentina’s presidential election: the danger to democracy is real

Editorial: Public spending hikes and pro-poor tax cuts might fix the economy and be popular enough to stop the far right

Al Jazeera

Emirati and Egyptian central banks agree to currency swap deal

Deal allows the two central banks to exchange up to five billion Emirati dirhams and 42 billion Egyptian pounds.

The Hindu

Morning Digest | India’s elderly population to double to over 20% by 2050, says UNFPA report; EPFO likely to give employers extension to validate joint forms, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

Zenger

Guyana’s Economy Set To Double In Size, Driven By Booming Oil Industry

Fastest-growing nation poised for explosive growth as oil production surges and non-oil sectors see investments

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The Independent UK

IMF says Sri Lanka needs to boost reforms and collect more taxes for its bailout funding package

The International Monetary Fund says that Sri Lanka has so far failed to make enough progress in boosting tax collection and other economic reforms sought by the IMF

The Hindu

Industries Minister Patil meets top officials of Boeing, GE, IMF in Washington D.C.

A visiting Karnataka delegation headed by M.B. Patil, Minister of Large & Medium Industries & Infrastructure Development, met senior executives of Boeing and GE in Washington to discuss and explore investment opportunities for the State.

The Hindu

Students’ delegation from Andhra Pradesh interacts with IMF officials in United States

Andhra Pradesh students visit IMF office in Washington D.C.; receive guidance from Deputy Managing Director Gita Gopinath and Executive Director K. Subramanian. Students inspired by Subramanian's success story and Gopinath's journey from humble background to IMF Deputy Managing Director. Visit broadens horizons and ignites spark in students to encourage peers…

The Guardian - UK

‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech

In his new book, the maverick Greek economist says we are witnessing an epochal shift. At his island home, he argues it’s now the ‘fiefdoms’ of tech firms that shape us

The Guardian - UK

Zombie Britain sees zero growth – and that’s the good news

Some surveys predict recession, but with pay and confidence rising, they may be wrong. That’s the best we, and the PM, can hope for

Al Jazeera

EU to start releasing money to Tunisia under migration pact

The European Union is set to ‘swiftly’ disburse 127 million euros as part of a July deal to halt irregular migration.

WEKU

Ghana arrests demonstrators protesting against the country's economic crisis

Police in Ghana have arrested protesters demonstrating against the cost of living and the economic crisis gripping the country, once seen as a model economy in Africa.

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