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The Latest Breaking News from International Monetary Fund

IMF Expects Yemen to Achieve 2% Economic Growth

The International Monetary Fund (IMF) mission expected that Yemen would achieve a modest economic growth of about two percent this year and 3.2 percent in 2023. However, the Fund called for more reforms, especially with regard to the customs dollar rate, support for the electricity sector, transparency in financial management,…

Asharq Al-Awsat

Lebanese banks to close ‘indefinitely’ as hold-ups continue

Lebanon’s banks have been in crisis for months as depositors demand access to their savings.

Al Jazeera

IMF warns of higher recession risk and darker global outlook

The International Monetary Fund is once again lowering its projections for global economic growth in 2023

The Independent UK

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Saudi Arabia Signs MoU with IMF to Establish Regional Office in Riyadh

Saudi Arabia concluded a memorandum of understanding with the International Monetary Fund (IMF) to establish a regional office in Riyadh, which would boost its presence in the region and provide its economic recommendations to the countries of the Gulf and the region. Saudi Minister of Finance Mohammed al-Jadaan signed the…

Asharq Al-Awsat

IMF to consider $1.3 billion in emergency funding for Ukraine on Friday

The International Monetary Fund's (IMF) executive board will consider Ukraine's request for $1.3 billion in additional emergency funding on Friday as Russia's war against the country continues, two sources familiar with the matter said.

Reuters

IMF: 141 Million People Across Arab World Are Exposed to Food Insecurity

The International Monetary Fund said on Monday that up to 20 countries, many in Africa, could need emergency assistance to cope with the global food crisis. IMF Managing Director Kristalina Georgieva, speaking at a conference in Saudi Arabia, also said that 141 million people across the Arab world are exposed…

Asharq Al-Awsat

More than 140 million in Arab world exposed to food insecurity - IMF's Georgieva

The managing director of the International Monetary Fund, Kristalina Georgieva, said on Monday that 48 countries are exposed to the global food crisis, and half of them are vulnerable.

Reuters

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Mini-budget: lessons from the UK's long history of economic crises

It was a mini-budget with a major impact. Shortly after the UK chancellor announced his plans for a “new era” full of tax cuts, there were dramatic falls in the pound, a nervous response from mortgage lenders and an urgent intervention from the Bank of England.

The Conversation

Forty-one million in Arab world exposed to food insecurity - IMF's Georgieva

The managing director of the International Monetary Fund, Kristalina Georgieva, said on Monday that 48 countries are exposed to the global food crisis, and half of them are vulnerable.

Reuters

Tunisian labour union warns of strikes as IMF talks loom

Tunisia's powerful UGTT labour union has no deal with the government on reforming subsidies and publicly owned companies and will lead street protests over any "painful" changes, it said on Monday, potentially complicating foreign bailout talks.

Reuters

Saudi Arabia Underlines Support to IMF Efforts to Alleviate Global Food Crisis

Saudi Minister of Finance Mohammed Al-Jadaan underlined his country’s support to the efforts of the International Monetary Fund (IMF) to mitigate the impact of the global food crisis. During a meeting with IMF Managing Director Kristalina Georgieva, Al-Jadaan discussed areas of bilateral cooperation, including capacity development and the establishment of…

Asharq Al-Awsat

Chancellor expected to U-turn on scrapping 45p tax rate

The Chancellor’s mini-budget triggered turmoil in the City and was criticised by the International Monetary Fund.

The Independent UK

The U.K. is staring into an economic abyss

Britain may well pay the price for Prime Minister Truss’s move to take on the ‘economic orthodoxy’ of the Treasury and economists

The Hindu

How the Tories wrecked the economy in seven days

IT took Liz Truss’s Government just under a month to see the value of the pound drop to historic lows, the Bank of England being forced to step in…

The National (Scotland)

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Reuters

IMF board approves new food shock financing window to ease war shortages

The International Monetary Fund said its executive board approved a new mechanism for low-condition emergency loans to help vulnerable countries cope with food shortages and rising costs stemming from Russia's war in Ukraine.

Asharq Al-Awsat

IMF Says Ukraine War Prompts Worst Global Food Crisis Since at Least 2008

The Ukraine war's disruptions to grain and fertilizer flows have prompted the worst food security crisis since at least the one following the 2007-2008 global financial meltdown, with some 345 million people now facing life-threatening shortages, the International Monetary Fund said on Friday. A new IMF research paper estimates that…

Reuters

IMF says Ukraine war prompts worst global food crisis since at least 2008

The Conversation

Why IMF comments on the UK economy spooked traders and investors

Everyone from political pundits to people on the street have issued forth on the new UK government’s tax cut-laden growth plan recently. But it was a rare public rebuke from the International Monetary Fund (IMF) that really impacted financial markets.

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Reuters

UN farm fund in talks with IMF to join forces on resilience trust -president

The United Nations International Fund for Agricultural Development (IFAD) is in talks with the International Monetary Fund on joining forces on a new financing programme designed to shore up sustainable growth in poorer countries.

ABC News

What does government support for fossil fuel subsidies cost our economy and environment?

Experts say government subsidies for private companies sustain the environmentally unsustainable, and lead to inequality and poor business practices.

The Independent UK

Bombshell polls throw massive question mark over Liz Truss’s future as PM

Tory meltdown after ‘unforced error’ Budget gifts Keir Starmer leads of up to 33 points

The Independent UK

What would happen if the IMF bailed out Britain?

Fund issues rare rebuke to UK warning against pursuing Kwasi Kwarteng’s tax-slashing agenda

The Independent UK

Petition demanding early general election passes 100,000 needed for parliament consideration

The motion will now be considered for debate

Daily Record

What Liz Truss said to every BBC radio station during car crash round of interviews

The Prime Minister attempted to address concerns surrounding her mini budget in the House of Commons last week.

Reuters

IMF agrees $293 million financing for Barbados, first deal under new trust fund

The International Monetary Fund said on Wednesday that its staff has agreed on some $293 million in new financing for Barbados, including $183 million via a new trust fund created to help vulnerable middle-income and island countries.

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