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The Latest Breaking News from International Monetary Fund

The International Monetary Fund said on Friday its executive board approved a four-year $15.6 billion loan program for Ukraine, part of a global $115 billion package to support the country's economy as it battles Russia's 13-month-old invasion. The decision clears the way for an immediate disbursement of about $2.7 billion…

Asharq Al-Awsat

Russian UN Security Council presidency is absurd, says Zelensky

Ukrainian President Volodymyr Zelensky on Saturday said it was absurd that Russia had assumed the rotating presidency of the United Nations Security Council, adding this showed the institution's "total bankruptcy". Earlier in the day, Russian Defence Minister Sergei Shoigu promised to increase the supply of ammunition to Russian forces in…

France 24

Russia's war on Ukraine latest: Huge blaze injures 34 in latest wave of Russian strikes

Russia unleashed a fresh volley of missiles on Ukraine overnight, causing huge blazes in an eastern city, damaging dozens of homes and wounding at least 34 people.

Reuters

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IMF board approves $15.6 billion loan for Ukraine -statement

The International Monetary Fund's executive board on Friday approved a four-year $15.6 billion financing package for Ukraine as part of a $115 billion total international support package, as Russia's invasion stretched into a second year, the IMF said.

Reuters

IMF approves $15.6 billion Ukraine loan, part of $115 billion in global support

Reuters

Stampede at Ramadan food distribution centre kills 11 in Pakistan

Women and children die when people panic and push each other to collect food in Karachi, officials say.

Al Jazeera

EU Official Says Major Aid to Lebanon Depends on IMF Deal

A European Union official visiting Lebanon said Friday that the international body will increase its humanitarian assistance to the crisis-struck country, but that more significant long-term aid depends on reforms and a deal with the International Monetary Fund. EU Commissioner for Crisis Management Janez Lenarčič said at a press conference…

Asharq Al-Awsat

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EU official says major aid to Lebanon depends on IMF deal

A European Union official visiting Lebanon says the international body will boost its humanitarian assistance to the crisis-stricken country, but that more significant long-term aid depends on reforms and a deal with the International Monetary Fund

The Independent UK

China rolls over $2 billion loan to Pakistan as it struggles with external liquidity

Pakistani Finance Minister Ishaq Dar said on Friday China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis.

Reuters

Putin can’t handle the truth: Why American journalist Evan Gershkovich, who was abducted for revealing Russia's economic collapse, must be freed

By prosecuting an American journalist, Putin has crossed a line that even he had never crossed before–and every bloodthirsty despot will be watching.

Fortune

Lebanon has 'no other way out' than IMF deal, U.S. official says

Lebanon has no alternative for economic recovery but to make progress on a deal with the International Monetary Fund, a senior U.S. official said on Thursday.

Reuters

US Official: Lebanon Has 'No Other Way Out' of Crisis than IMF Deal

Lebanon has no alternative for economic recovery but to make progress on a deal with the International Monetary Fund, US Assistant Secretary of State for Near Eastern Affairs Barbara Leaf said in an online briefing on Thursday. Leaf, who visited Lebanon and other countries in the region in recent weeks,…

Asharq Al-Awsat

World Bank chief calls for dramatic hike in funding to help developing world

Outgoing boss David Malpass says more money needed to combat overlapping crises of war, pandemics and climate emergency

The Guardian - UK

Countries in stronger position should help others with debt woes -IMF chief

Countries in a relatively stronger position should help vulnerable nations especially those under debt distress, International Monetary Fund managing director Kristalina Georgieva said on Thursday.

Reuters

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The Independent UK

Fernández, Biden hold talks amid Argentina's economic strain

President Alberto Fernández of Argentina has used a White House meeting to spotlight the economic strain his country faces as he looks for President Joe Biden to back Argentina’s effort to renegotiate with the International Monetary Fund on terms of $44 billion debt

The Independent UK

Sri Lanka slashes fuel prices in welcome relief amid crisis

Sri Lanka’s government has announced significant cuts in fuel prices, providing welcome relief for many after a year of shortages and skyrocketing prices amid the country’s worst economic crisis

Bangkok Post

China ramping up bailout loans to 'Belt and Road' countries

LONDON: China has handed out US$240 billion worth of bailout loans to 22 developing countries at risk of default over the past two decades, with the trend accelerating in recent years, a report said Tuesday.

Reuters

IMF team in Ethiopia for talks on new funding programme -Bloomberg News

International Monetary Fund officials are in Ethiopia this week doing technical work to prepare for a potential IMF-supported program for the East African country, an IMF spokesperson said on Monday.

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Reuters

IMF approves $80.77 million to help Burkina Faso address balance of payment needs

The International Monetary Fund's Executive Board on Monday approved a disbursement of $80.77 million to help Burkina Faso address its balance of payment needs, the Fund said in a statement.

WEKU

Latest in Ukraine: Putin will move tactical nuclear weapons into Belarus (March 27)

Catch up on key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

Fortune

Bank failures have 'increased' threats to global financial stability, IMF says

Global economic growth was expected to slow this year, but this month's banking crises have raised the risk of even bigger problems.

The Times of India

'Sri Lanka to seek fresh $1 billion credit from India to buy essential items'

COLOMBO: Sri Lanka would seek a new temporary credit facility of $ billion from India to purchase essential items including food and medicine, the official media here reported on Monday.

Asharq Al-Awsat

France, Italy to Support Tunisia Control Irregular Migration

France is ready to help cover Tunisia's remaining financing needs for 2023 and 2024, said France’s ambassador to Tunisia, André Parant, announcing that a package of 250 million euros is currently awaiting disbursement to help the country bridge its budgetary gap. In an interview with the Tunisian news agency, TAP,…

The Guardian - UK

IMF chief warns global financial stability at risk from banking turmoil

Kristalina Georgieva joins others in voicing fears about threat to world economy after recent bank collapses

The Independent UK

Pakistani ex-PM Khan sets out economic rescue plan at rally

Former Pakistani Prime Minister Imran Khan says the government has no plan to bring the country out of crisis

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