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The Latest Breaking News from International Monetary Fund

Finance Minister meets IMF MD Georgieva on sidelines of G7 meeting

Finance Minister Nirmala Sitharaman on May 12 met International Monetary Fund (IMF) managing director K Georgieva on the sidelines of G7 Finance Minister Central Bank Governors meet.

The Hindu

Pakistan’s reeling economy takes new hit from protests

Firms and gig workers see losses piling up amid internet shutdowns in big cities.

Al Jazeera

Pakistan needs significantly more financing for successful bailout review -IMF

Pakistan needs significant additional financing for a successful completion of the long-stalled ninth review of the International Monetary Fund's bailout package, the IMF said in a scheduled press conference on Thursday.

Reuters

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Turns Out Tom Cruise Regretted One Death From The First Mission: Impossible Movie So Much, He Tried To Undo It

Following the first Mission: Impossible movie, Tom Cruise had regrets about a specific character being killed off and tried to undo it.

Cinemablend

Analysis-North Africa backslides toward swirling debt troubles

Tunisia and Egypt are edging closer to major debt crises that could suck in a volatile North Africa region and pose tough choices to wealthy Gulf Arab neighbours, investors and analysts warn.

Reuters

IMF delegation to arrive in Sri Lanka on Thursday

An International Monetary Fund (IMF) staff team will arrive in Sri Lanka on Thursday, a statement from the global lender said as the crisis-hit country prepares for the first review of a loan programme in September.

Reuters

Factbox-Imran Khan's arrest adds to Pakistan's economic, political challenges

The arrest of former Pakistan Prime Minister Imran Khan and the call from his party for nationwide protests present another blow to the nuclear-armed country struggling with an economic crisis.

Reuters

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Pakistan could default without IMF bailout loans, Moody’s warns

ISLAMABAD: Pakistan could default without an International Monetary Fund bailout as its financing options beyond June are uncertain, Moody’s Investor Service said.

The Times of India

Inflation, IMF austerity and grandiose military plans edge more Egyptians into poverty

Two-thirds of the population are struggling with falling living standards as even the once-thriving middle classes hunt for second jobs and eat less

The Guardian - UK

IMF: Gov. Strategy Helped the Saudi Economy

The International Monetary Fund (IMF) confirmed that government-led reforms and private investment growth in new sectors would help support non-oil economic growth in Saudi Arabia to be less dependent on oil. The Saudi economy grew 8.7 percent last year, while the real GDP during the fourth quarter of 2022 increased…

Asharq Al-Awsat

IMF says inflation to slow growth across Mideast this year

Economies across the Middle East and Central Asia will likely slow this year as persistently high inflation and rising interest rates bite into their post-pandemic gains

The Independent UK

IMF Raises Asia’s Economic Forecast on China Recovery, Warns of Risks

The International Monetary Fund (IMF) raised Asia's economic forecast on Tuesday as China's recovery underpinned growth, but warned of risks from persistent inflation and global market volatility driven by Western banking-sector woes. The reopening of China's economy will be pivotal for the region with the spillover to Asia seen focused…

Asharq Al-Awsat

Asia-Pacific to grow 4.6% in 2023; India, China to contribute half of global growth: IMF

India and China, the two largest emerging market economies of the region, are expected to contribute around half of global growth.

The Hindu

Tracking the impact of U.S.-China tensions on global financial institutions

NPR's Steve Inskeep asks the president of a China-led development bank about the impact of the friction between the U.S. and China.

WEKU

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Reuters

Paraguay's President-elect Santiago Pena: puppet or pragmatist?

Paraguay's President-elect Santiago Pena, a clean-cut former central bank director, will need all his wits and cool to steer the South American nation through economic headwinds hurting voters and rising pressure from farmers to cut ties with Taiwan.

The Independent UK

Sri Lankan Parliament votes to support IMF recovery program

Sri Lanka’s Parliament has voted to support the implementation of a four-year International Monetary Fund program aimed at solving the country’s economic crisis and reducing its debt burden

Reuters

France, Barbados, Zambia back new climate finance advocacy campaign

The leaders of France, Spain, Barbados and Sierra Leone were among those to back a new coalition on Thursday aiming to accelerate the flow of climate-related finance to the world's poorest countries.

Asharq Al-Awsat

EU, Other Nations Warn Lebanese Officials on Worsening Economic Crisis

The European Union and seven other countries said in a joint statement on Thursday that Lebanon “faces one of the worst economic crises in modern history” and called for “meaningful reforms.” “This month marks one year since Lebanon reached a Staff-Level Agreement (SLA) with the International Monetary Fund (IMF),” said…

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The Independent UK

Sri Lanka seeks $17 billion debt reduction by restructuring

Sri Lanka’s president has asked its parliament to approve a four-year International Monetary Fund program to restructure the country's $17 billion in foreign debt

The Conversation

Global economic uncertainty means oil prices -- and your fuel bill -- will continue to surprise this year

Oil prices have confounded expectations in the first quarter of 2023. Brent – a major global benchmark – hit a low of US$72 (£58) a barrel on March 17, while the world’s other main benchmark, WTI, dropped to less than US$66 a barrel. This is a far cry from the…

Reuters

IMF approves immediate disbursement of about $153 million to Tanzania

The executive board of the International Monetary Fund on Monday approved the first review of Tanzania's three-year extended credit facility, allowing immediate disbursement of about $153 million in budgetary support, the IMF said in a statement.

Cinemablend

Hayley Atwell's Mission: Impossible Journey With Tom Cruise Could Have Started A Lot Sooner

The world can't wait to experience Hayley Atwell's Mission: Impossible entrance, and history almost made it happen much earlier.

Bangkok Post

Schizophrenia being displayed at the IMF

It has taken far too long, but it seems that the International Monetary Fund has finally internalised some hard truths about sovereign-debt reduction. Chief among them is that growing economies have an easier time repaying. As such, fiscal consolidation -- the organisation's favoured strategy -- undermines efforts to reduce debt-to-GDP…

The Independent UK

Minister: UK has relationship with African people while China focuses on elites

Andrew Mitchell said development is ‘above all about stopping conflict’ as violence continued to rock Sudan.

The Guardian - UK

Sunak criticised for ‘own goal’ over loss of tax-free shopping for tourists, as PM tries to woo business leaders – as it happened

Rishi Sunak hears concerns over tax-free shopping rules, AI and CBI allegations at first summit with UK corporate leaders

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