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The Latest Breaking News from the International Monetary Fund

Don't ignore the climate elephant in the room

Now that the falsehoods and obfuscation of climate denialism have finally been silenced, addressing climate change has become the world's top priority. But time is running out, and the International Monetary Fund warns that any further delays in implementing policies to mitigate global warming will only add to the economic…

Bangkok Post

How inflation made West Africa’s prized jollof rice a pricey meal

Inflation driven by economic instability, fallout from war in Ukraine and COVID have made jollof rice an expensive meal.

Al Jazeera

‘Ghana beyond aid’ no longer: West Africa’s former model student forced to turn to IMF

Formerly praised for its stability and good governance, Ghana has been facing a severe economic crisis since the onset of the Covid-19 pandemic and the war in Ukraine. To prevent Accra from defaulting on its debt, the International Monetary Fund (IMF) on Wednesday approved a $3 billion loan in exchange…

France 24

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Top Lebanese official in IMF talks calls for central bank head to resign amid corruption allegations

The Lebanese official heading talks with the International Monetary Fund to bailout Lebanon’s tanking economy has called for the country’s embattled central bank chief to resign

The Independent UK

Creating pathways for Arab youth

Optimism can be difficult to muster at a time of heightened uncertainty and global turmoil. The 2022 ASDA'A BCW Arab Youth Survey, conducted only a few months after Russia's full-scale invasion of Ukraine and on the heels of the Covid-19 pandemic, reflected a darkening economic outlook.

Bangkok Post

Pakistan's external financing requirements for IMF deal unchanged - IMF

Pakistan's external financing requirements have not been changed in talks with the International Monetary Fund (IMF) over bailout funds, the IMF Resident Representative in Pakistan said, denying local media reports that the Fund was seeking fresh financing.

Reuters

Recovery unabated amid uncertainty

Asia and the Pacific remains a dynamic region despite the challenging year for the world economy.

Bangkok Post

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Paraguay presidential hopeful Santiago Pena seeks to be calm amid political storm

Paraguay's conservative ruling party presidential candidate Santiago Pena will need all the composure he has from a journey as a teenage father to the International Monetary Fund as he faces down an opposition challenge at the ballot box on Sunday.

Reuters

IMF approves immediate disbursement of about $153 million to Tanzania

The executive board of the International Monetary Fund on Monday approved the first review of Tanzania's three-year extended credit facility, allowing immediate disbursement of about $153 million in budgetary support, the IMF said in a statement.

Reuters

Schizophrenia being displayed at the IMF

It has taken far too long, but it seems that the International Monetary Fund has finally internalised some hard truths about sovereign-debt reduction. Chief among them is that growing economies have an easier time repaying. As such, fiscal consolidation -- the organisation's favoured strategy -- undermines efforts to reduce debt-to-GDP…

Bangkok Post

Bahrain Hails IMF's Report on Kingdom's Unemployment Rate

Bahrain's Labor Minister Jamil bin Muhammad Ali Humaidan underscored the international community’s confidence in the Kingdom's public aimed at sustaining growth in the labor market. Humaidan's statements highlighted the indicators revealed by the International Monetary Fund (IMF) in its latest report, which expected unemployment rate in Bahrain to drop to…

Asharq Al-Awsat

Bangkok to host 2026 IMF-World Bank meetings

WASHINGTON: The International Monetary Fund and World Bank Group said on Wednesday they will hold their 2026 annual meetings in Bangkok, returning the October gathering to Thailand for the first time since 1991.

Bangkok Post

The World Bank Is Still Failing the Poor

Poverty alleviation in the economically weakest parts of the world will require giving the poor a real seat at the table—which the World Bank has…

Foreign Policy

Brazil's Lula takes swipe at IMF and World Bank on China trip

Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions". The NDB was created by the BRICS group and is headed by his predecessor Dilma Rousseff. Meanwhile in Washington,…

France 24

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The Guardian - UK

Strikes drag UK economic growth to a standstill; mortgage defaults rising as households struggle – as it happened

Latest GDP report shows that civil service and teachers’ strikes held back service sector growth, leading to no growth in February

France 24

IMF forecasts inflation could remain high until 2025, affecting global growth

During its annual Spring Meeting in Washington, the International Monetary Fund has revised its forecasts upward to 7 percent for global inflation this year and 4.9 percent in 2024. Those figures, above the target rate of 2 percent, will be contributing factors in slowing down growth, including for developing economies.…

The Independent UK

IMF slashes cash-strapped Pakistan's growth outlook to 0.5%

The International Monetary Fund has slashed the growth outlook for cash-strapped Pakistan, forecasting the South Asian country’s fragile economy will grow just 0.5% this year, down from 6% in 2022

The Independent UK

Companies skeptical about Egypt's push to ease industry ties

Egypt is embarking on a privatization push to help its cash-strapped government after pressure from the International Monetary Fund

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The New Daily

Watch: Economic warning, School violence, Liberal turmoil

Watch: The International Monetary Fund is warning the global economy faces feeble and uneven growth for the rest of the decade. Assaults in NSW schools

ABC News

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

The New Daily

Australia ‘not immune’ from global economic malaise

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

AAP

Australia 'not immune' from global economic malaise

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

The Guardian - AU

IMF expects Australia’s economy to slow amid ‘perilous’ international pressures

International Monetary Fund forecast echoes predictions from Treasury and RBA and warns ‘ominous forces’ may be behind global economic strains

ABC News

IMF warns risk of global recession is growing; ASX gains as investors await US inflation data

Australian shares are boosted by miners on higher iron ore prices, and the International Monetary Fund has slashed its growth forecast for 2023 because of high inflation, banking crises, the Ukraine war, and COVID-19.

The New Daily

IMF warns deeper financial turmoil would hit growth

The International Monetary Fund has trimmed its 2023 global growth outlook slightly as higher interest rates cool activity.

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