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The Latest Breaking News from International Monetary Fund

Ukraine war adds to economic, social setbacks for women -IMF's Georgieva

The war in Ukraine has worsened a difficult period for women, who have seen major economic and social setbacks prompted by the COVID-19 pandemic, International Monetary Fund Managing Director Kristalina Georgieva told the U.N. Security Council on Tuesday.

Reuters

Morning Digest | Government reassures students stranded in Ukraine’s Sumy; IMF says war in Ukraine will have ‘severe impact’ on global economy, and more

A select list of stories to read before you start your day.

The Hindu

IMF says war in Ukraine will have ‘severe impact’ on global economy

The International Monetary Fund on Saturday said it expected to bring Ukraine's request for $1.4 billion in emergency financing to its board for approval as early as next week and was in talks about funding options with authorities in neighboring Moldova.

The Hindu

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IMF: War in Ukraine Will Have 'Severe Impact' on Global Economy

Asharq Al-Awsat

IMF says war in Ukraine will have 'severe impact' on global economy

Reuters

The International Monetary Fund announced it could approve $1.4b emergency funding – as it happened

Biden says US and allies have ‘raised the costs’ on Russia over its aggression, as credit card giants Visa and Mastercard halt Russian business operations

The Guardian - AU

Putin likens Western sanctions to war as Russian assault traps Ukrainian civilians

Russian President Vladimir Putin said Western sanctions were akin to war as his forces pressed their assault on Ukraine on Saturday for a 10th day and the IMF warned the conflict would have a "severe impact" on the global economy.

Reuters

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Exclusive: EU considering curbing Russia's rights in IMF over invasion- sources

(Adds missing word 'banks' in para 9)

Reuters

Argentina reaches prospective deal to refinance $45B debt

Argentina’s government has announced a deal with the International Monetary Fund to refinance some $45 billion in debt

The Independent UK

Free the money for a brighter future

The main factor limiting the global recovery is not the much-discussed increase in inflation in advanced economies, which is likely to be transient, but rather the massive inequalities between most rich countries and the rest of the world, with the exception of China. These disparities, by constraining the expansion of…

Bangkok Post

IMF Could Visit Lebanon Mid-March to Discuss Aid Program, Says Deputy PM

An International Monetary Fund delegation could visit Lebanon in the second half of March to continue discussions on an aid program supported by reforms, Lebanon's Deputy Prime Minister Saade Chami said in a statement on Wednesday. Lebanese officials held talks with the IMF last month with the aim of securing…

Asharq Al-Awsat

Oil price jumps to nearly $114; natural gas prices reach record highs – as it happened

US and European shares push higher, while rouble drops 8% and Moscow stock exchange stays shut for third day, as Russia bombards Ukrainian cities

The Guardian - UK

Argentina to send IMF deal to Congress this week -president

Argentina's government will this week send an agreement with the International Monetary Fund (IMF) to delay debt repayments to the South American country's Congress for approval, President Alberto Fernandez said on Tuesday.

Reuters

World Bank, IMF racing to get aid to Ukraine in coming weeks, months

The International Monetary Fund and World Bank on Tuesday said they were racing to provide billions of dollars of additional funding to Ukraine in coming weeks and months, adding the war there is creating "significant spillovers" to other countries.

Reuters

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Al Jazeera

Latest Ukraine updates: UNGA votes to demand Russian withdrawal

Russia-Ukraine news from March 2: UN General Assembly resolution condemns Russia for the invasion of Ukraine.

The Guardian - UK

Kristalina Georgieva: the IMF boss tackling Covid, the climate crisis and, now, war

The attitudes of the first fund chief to come from a former communist country were shaped by her early life, but her focus is now on a greener post-Covid future

Reuters

IMF assures it will support Ukraine -Ukraine's finance ministry

The International Monetary Fund has assured Ukraine of its support by all possible means, Ukraine's finance ministry said on Saturday.

Asharq Al-Awsat

Ukraine Requests 'Emergency Financing' from IMF

Ukraine has requested additional aid from the IMF following the Russian invasion, the fund's leader Kristalina Georgieva said Friday. The crisis lender has an existing $2.2 billion aid program with Kyiv and "the authorities have also requested IMF emergency financing," Georgieva said in a statement. The fund's board met to…

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Reuters

World Bank preparing ways to support Ukraine as fallout assessed

The World Bank said on Thursday it was preparing options to provide immediate support to Ukraine's government, as the development lender and the International Monetary Fund assess the economic fallout from the conflict in Ukraine.

Reuters

Argentina says IMF deal 'imminent'; could go to Congress within days

Argentina is poised to "imminently" send an agreement with the International Monetary Fund (IMF) to the country's Congress for approval, government spokeswoman Gabriela Cerruti said on Thursday, signaling the critical debt deal is drawing near.

The Conversation

South Africa and international financial institutions: a liaison group could recalibrate relations

Since the onset of the COVID pandemic in 2020, South Africa has borrowed a total of about US$7 billion (about R106 billion). The money has come from the International Monetary Fund, the New Development Bank, the African Development Bank, and the World Bank.

Los Angeles Times

El Salvador's president buys Bitcoins 'naked,' he boasts. His experiment is costing his nation millions

SAN SALVADOR, El Salvador — Four months into El Salvador's experiment as the first and only country in the world to adopt Bitcoin as legal currency, the International Monetary Fund had seen enough.

Asharq Al-Awsat

IMF Reports ‘Good Progress’ in Tunisia Talks

The International Monetary Fund said on Wednesday it had made "good progress" in talks with Tunisia ultimately aimed at a possible rescue package to avert what economists fear is a rapidly looming crisis in the country's public finances. The fund on Tuesday completed a week of online meetings with Tunisian…

Asharq Al-Awsat

IMF Calls for Structural Economic Reforms in Tunisia

The International Monetary Fund (IMF) mission concluded virtual talks on Tunisia by calling on the authorities to implement structural economic reforms. Tunisian sources reported that the Fund stressed the need to reduce subsidies on essential goods such as petrol and staple foods, adding that state resources should be invested in…

The Conversation

Ghana's debt makes development impossible: here are some solutions

By the year 2000, the government of Ghana had borrowed so much that the country was in debt distress. It then subscribed to the Heavily Indebted Poor Countries initiative of the International Monetary Fund and World Bank. Consequently, much of the country’s external debt of over US$4 billion was written…

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