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The Latest Breaking News from International Monetary Fund

Georgieva says IMF ready to aid countries hit by Russia-Ukraine spillovers

The International Monetary Fund stands ready to help countries that may be affected by any spillover effects from a Russia-Ukraine conflict and sanctions imposed by Western governments, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday.

Reuters

Tunisia Targets IMF Deal in April, Says State Salaries Secure

Tunisia hopes to seal a funding agreement with the IMF in April, its finance minister said on Wednesday, adding that public sector salaries were not at risk after delays in paying workers raised fears about state finances. Talks between the International Monetary Fund and Tunisia over a rescue package predicated…

Asharq Al-Awsat

Zambia aims for IMF debt deal in May - Finance Minister

Zambia expects an International Monetary Fund (IMF) debt health check to be finalised this month, to strike a restructuring deal with creditors by April and get a formal agreement with the fund signed off in May, its finance minister said.

Reuters

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Argentina's Fernandez set for China, Russia tour after IMF accord

Argentina's President Alberto Fernandez will begin an overseas tour on Tuesday including visits to Russia and China, a trip that comes amid tensions over a possible conflict in Ukraine and in the wake of a breakthrough in debt talks with the International Monetary Fund.

Reuters

El Salvador Won't Bow To IMF Pressure To Drop Bitcoin Legal Tender: Treasury Minister

El Salvador's treasury minister Alejandro Zelaya recently expressed his anger over the International Monetary Fund's (IMF) sustained pressure to drop Bitcoin (CRYPTO: BTC) as legal tender in his country, and said that it will have no result.

Benzinga

Bitcoin price surges as El Salvador rejects IMF call to ditch BTC as currency

‘Countries are sovereign nations and they take sovereign decisions about public policy,’ says Salvadoran Treasury Minister

The Independent UK

Lebanon Plan Sees 93% Currency Slide, Turns Bulk of FX Deposits to Pounds

A government plan for tackling Lebanon's financial crisis projects a 93% devaluation of the Lebanese pound and converts the bulk of hard currency deposits in the banking system to local currency, according to a blueprint seen by Reuters. Of $104 billion of hard currency deposits, the plan foresees returning just…

Asharq Al-Awsat

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Argentina's Peronists split over IMF deal as top lawmaker rebels

A prominent Argentine lawmaker on Monday broke ranks with the country's ruling party on Monday, rejecting a $44.5 billion agreement struck in principle with the International Monetary Fund late last week, a sign of cracks in the ruling coalition.

Reuters

El Salvador angrily rejects IMF call to drop Bitcoin use

The government of El Salvador has rejected a recommendation by the International Monetary Fund to drop Bitcoin as legal tender

The Independent UK

Biden Moves To Regulate Bitcoin

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

Benzinga

IMF, World Bank Postpone Plans for Annual Meetings in Morocco

The International Monetary Fund and World Bank on Monday said they would postpone plans to hold their 2022 annual meetings in Marrakesh, Morocco, until October 2023, because of uncertainty about the COVID-19 pandemic. This year's annual meetings will instead take place in Washington in October, the two global institutions said…

Asharq Al-Awsat

Build Back Better is a good slogan, but it won’t work if prices rise

It was the phrase on everyone’s lips. We were going to “Build Back Better”. Boris Johnson, Joe Biden, New Zealand’s Prime Minister Jacinda Ardern, Greenpeace, the United Nations and the International Monetary Fund have all used these “magic” words. Their meaning is, of course, a matter of taste: we can…

Evening Standard

IMF Says China's Economic Imbalances Have Worsened

Imbalances in the Chinese economy have worsened and delayed China's transition to consumption-led growth, the International Monetary Fund said in an annual review on Friday, slashing its outlook for the country this year.

Bangkok Post

World news round-up: US shooting, $50m for koala bears and Brits back in Spain

Koala conservation funding in Australia is set to be boosted with a multi-million-pound commitment for habitat restoration, population monitoring and research into animal health

Wales Online

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The Independent UK

IMF urges El Salvador to scale back its Bitcoin push

The International Monetary Fund says that El Salvador should dissolve the $150 million trust fund it created when it made the cryptocurrency Bitcoin legal tender and return any of those unused funds to its treasury

Benzinga

IMF Wants El Salvador To Drop Bitcoin, But Some Salvadorans Aren't Having It

The International Monetary Fund (IMF) criticized Bitcoin (CRYPTO: BTC) and warned Salvadorans to rethink the idea.

The Independent UK

Argentina reaches agreement with IMF to refinance debt

Argentina says it has reached an agreement with the International Monetary Fund to refinance more than $40 billion in debt

Caixin Global

IMF: A Disrupted Global Recovery

Global growth will come in at 4.4% this year, 0.5 percentage point lower than previously forecast, mainly because of downgrades for the U.S. and China

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Reuters

Argentina faces $1.1 billion debt repayment deadline as IMF protests simmer

Argentina is facing deadlines for nearly $1.1 billion in debt repayments to the International Monetary Fund (IMF) by Tuesday amid uncertainty over whether the South American country will pay and tense talks to revamp around $40 billion in loans.

France 24

India's jobs challenge: How to get more people into work as economy recovers?

India's economy is expected to grow by 8.7 percent this year, according to the latest forecast from the International Monetary Fund, but participation in the labour force has fallen and unemployment has risen to a four-month high. How can India jump-start its labour market along with the economy? Stephen Carroll…

The Independent UK

IMF urges El Salvador to abandon bitcoin as legal tender

IMF directors expressed concern over risks associated with issuing bitcoin-backed bonds

Benzinga

Edward Snowden, Nayib Bukele And Others Reacts To IMF Wanting El Salvador To Drop Bitcoin: 'Somebody Sounds Nervous'

Former intelligence contractor Edward Snowden took aim at the International Monetary Fund (IMF) for dishing out advice to El Salvador on its use of Bitcoin (CRYPTO: BTC) as legal tender.

Benzinga

'Drop Bitcoin!' International Monetary Fund Urges El Salvador

International Monetary Fund (IMF) executive board members urged El Salvador authorities to drop Bitcoin's (CRYPTO: BTC) adoption, warning there could be dire consequences for the nation if it keeps using the cryptocurrency.

ABC News

US stocks close down as interest rate worries continue to bite, IMF cuts growth outlook

Wall Street indices close lower after a day of choppy trading as interest rate hike concerns and geopolitical tensions worry investors. Inflation and Omicron set to dent global growth.

France 24

IMF warns of 'disrupted global recovery'

The International Monetary Fund has slashed its forecast for the global economic recovery, warning of "multiple challenges" including new variants of Covid-19, high inflation and ongoing disruption to global supply chains. Petya Koeva Brooks, Deputy Director of the IMF's Research Department, discusses the risks and policy challenges as the pandemic…

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