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The Latest Breaking News from International Monetary Fund

IMF staff reaches agreement with Ukraine for $15.6 billion program

The International Monetary Fund said on Tuesday it had reached a staff-level agreement with Ukraine for a four-year financing package worth about $15.6 billion, offering funds the country needs as it continues to defend against Russia's invasion.

Reuters

Sri Lanka ready to engage with all creditors after IMF deal - minister

Sri Lanka is ready to engage in debt restructuring talks with bilateral and private creditors to recover debt sustainability as "soon as possible", state finance minister Shehan Semasinghe said on Tuesday.

Reuters

Politics Are Holding Pakistan’s Economy Hostage

Drama around former Prime Minister Imran Khan leaves Pakistan’s finances in the lurch.

Foreign Policy

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Sri Lanka to get first tranche of $2.9bn bailout in two days: IMF

Global lender says island nation battling its worst economic crisis in seven decades will get $330m in next two days.

Al Jazeera

Sri Lanka's national consumer price inflation at 53.6% in Feb

Sri Lanka's National Consumer Price Index (NCPI) rose 53.6% in February on the year, after a rise of 53.2% in January, the statistics department of the debt-stricken country said on Tuesday.

Reuters

IMF to assess Sri Lankan governance as part of $3B bailout

The International Monetary Fund says it is assessing Sri Lanka's governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program

The Independent UK

EU Fears Tunisia’s ‘Collapse’

European Union foreign policy chief Josep Borrell said Monday that the EU is worried about the deterioration of the political and economic situation in Tunisia. “The situation in Tunisia is very dangerous,” he warned after a meeting of EU foreign ministers in Brussels.

Asharq Al-Awsat

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Sri Lanka's economic crisis: From protests to IMF bailout

The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7 billion more from other lenders such as the World Bank and the Asian Development Bank.

Reuters

Wickremesinghe delivers IMF deal for Sri Lanka despite public mistrust

When Ranil Wickremesinghe took over as Sri Lanka's president in July after a popular uprising ousted his predecessor, the South Asian island nation was engulfed in its worst economic meltdown in 75 years.

Reuters

Debt-stricken Sri Lanka to get first tranche of IMF bailout funds in two days

Sri Lanka will get the first $330 million tranche of an International Monetary Fund bailout in the next two days, the global lender said on Tuesday, putting the onus on the cash-strapped country to rein in its debt to sustainable levels.

Reuters

IMF approves crucial $3B bailout for bankrupt Sri Lanka

The International Monetary Fund says its executive board has approved a nearly $3 billion bailout program for bankrupt Sri Lanka

The Independent UK

IMF says 'substantial progress' by Pakistan toward loan program -Bloomberg News

The International Monetary FundPAKISTAN-CRISIS-IMF (IMF) said Pakistan has made "substantial progress" toward meeting policy commitments needed to unlock loans the country needs to avoid default, Bloomberg News reported on Monday.

Reuters

IMF says $3 billion loan for Sri Lanka will catalyze lending from others

The International Monetary Fund's executive board on Monday approved a $3 billion four-year extended financing arrangement for Sri Lanka, paving the way for immediate disbursement of about $333 million to the cash-strapped country.

Reuters

IMF approves nearly $3 billion bailout for Sri Lanka

The International Monetary Fund (IMF) on Monday said its executive board approved a nearly $3 billion bailout for Sri Lanka, and the country's presidency said the program will enable it to access up to $7 billion in overall funding.

Reuters

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Reuters

Italy pushing IMF to help Tunisia and avoid instability, minister says

Italy wants the International Monetary Fund (IMF) to unblock a $1.9 billion loan to Tunisia, fearful that without the cash, the country will be destabilised, unleashing a new wave of migrants towards Europe, Foreign Minister Antonio Tajani said.

Al Jazeera

Russia-Ukraine war: List of key events, day 388

As the Russia-Ukraine war enters its 388th day, we take a look at the main developments.

Tribune News Service

Imran Khan vows to appear in Pakistan court after street battles

Former Pakistan Premier Imran Khan vowed to turn up in court on Saturday after skipping hearings, potentially setting the scene for further political unrest in a country that’s at risk of a default.

Reuters

IMF approves rule change that would allow new Ukraine loan program

The International Monetary Fund said its executive board on Friday approved rule changes that would allow the IMF to approve new loan programs for countries facing "exceptionally high uncertainty" - a move expected to pave the way for a new Ukraine loan program.

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Tribune News Service

Pakistan court again halts police action against Imran Khan

A Pakistan court has suspended any further police action against former Prime Minister Imran Khan until Friday, after two days of violent clashes outside his home prevented security officials from arresting him.

Caixin Global

Opinion: Internationalizing the Yuan Is Not Easy, but China Is Pulling Out All the Stops

Beijing is using policy support, a large financial market, stable currency value and increasing exchange rate flexibility to make the renminbi a currency of choice in global markets

The Independent UK

Sri Lankan state workers strike, protesting high taxes

Sri Lankan health, railway, port and other state workers are on a daylong strike to protest against sharp increases in income taxes and electricity charges, as the island nation awaits approval of an International Monetary Fund package to aid its bankrupt economy

Asharq Al-Awsat

Standard & Poor’s Maintains Jordan’s Credit Rating

Jordan's Finance Minister Mohamad Al Ississ told Reuters on Tuesday that S&P Global's decision to maintain the kingdom's sovereign credit rating at B+/B reflected confidence in accelerating IMF-backed reforms. "This is the latest confirmation of Jordan's credit rating ...

Asharq Al-Awsat

Lebanon: Mikati Says Parties Rejecting Cabinet Meetings Better Elect a President

Lebanon’s caretaker Prime Minister Najib Mikati hailed the latest development in the Saudi-Iranian relations, stressing that Lebanon supports any "consensual" course in the region mainly that Saudi Arabia is a party to it.

The Independent UK

Foreign minister says Pakistan in `perfect storm' of crises

Pakistan’s foreign minister says his country is facing “a perfect storm” of troubles — an economic crisis, the consequences of catastrophic flooding and terrorism “that is once again rearing its ugly head” as a result of the Taliban takeover of Afghanistan

Al Jazeera

How skyrocketing inflation has hit Pakistan’s most vulnerable

With Ramadan approaching, millions of Pakistanis struggle to put food on the table amid a worsening economic crisis.

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