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The Latest Breaking News from International Monetary Fund

Budget clouded by global wars and weak economic growth

Treasurer Jim Chalmers will use talks in Washington to take the temperature of the global economy as he puts the finishing touches on his third federal budget.

AAP

Yellen Says US Set To Tighten Sanctions On Iran Soon

US Treasury Secretary Janet Yellen warned Tuesday of further sanctions targeting Iran following its unprecedented attack on Israel over the weekend, saying she expects Washington will take added action "in the coming days."

International Business Times

Behind The Growth, Ivory Coast's Debt Fuels Debate

Abidjan's soaring Alassane Ouattara bridge lit up at night in the colours of the national flag is Ivory Coast's jewel in the crown after years of investment.

International Business Times

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IMF Ups Global Growth Forecast But Signals Medium-term Pessimism

The IMF has raised its outlook for the global economy this year, while maintaining a gloomy forecast over the medium term, according to fresh data published Tuesday.

International Business Times

The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF's "relatively good" outlook for the world economy, its chief economist told AFP. "We are projecting a global economy that is quite resilient for 2024," Pierre-Olivier Gourinchas said in an interview ahead of…

International Business Times

UK households face second year without improved living standards, says IMF

Growth per head will remain flat this year as the effects of high inflation take time to abate

The Guardian - UK

Pakistan Aims For Swift Approval Of New IMF Loan

Pakistan's Finance Minister is optimistic about securing an IMF loan to address economic challenges and stabilize the country's economy.

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Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100’s worst day in nine months – as it happened

IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points

The Guardian - UK

Pakistan And IMF Discussing New Multi-billion-dollar Program, Finance Minister Says

Pakistan has initiated discussions with the IMF over a new multi-billion dollar loan agreement to support its economic reform program, its new finance minister told AFP on Monday.

International Business Times

Saudi Arabia To Invest Billion In Pakistan

Saudi Arabia pledges billion investment in Pakistan to support its economy amid financial crisis.

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US Treasury Notes Progress In Multilateral Bank Reforms

US Treasury acknowledges progress in IMF and World Bank reforms, emphasizing the need for ongoing improvements in multilateral financial institutions.

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Yellen To Press China On Growth During IMF, World Bank Meetings

US Treasury Secretary Janet Yellen to address China's economic growth concerns at upcoming IMF and World Bank meetings, fostering international economic co...

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World Bank Warns Of 'Historical Reversal' For Poorest Nations

World Bank and IMF warn of 'historical reversal' in development for poorest nations due to COVID-19 impact.

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US Economic Growth Poses Global Benefit, Inflation Risks Loom

US economic growth has global benefits but faces inflation concerns. The Fed's role in managing inflation is crucial for sustainable growth.

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International Business Times

Debt And Climate Back On IMF, WB Spring Meetings Agenda

The spring meetings of the International Monetary Fund and the World Bank are due to open Tuesday, with two clear objectives: help countries combat climate change, and assist the most indebted nations.

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Rising Debt Costs Threaten Nations' Solvency Amid Climate Spending

IMF and World Bank report warns of rising debt costs in emerging markets and the need for climate spending, urging proactive measures to prevent financial ...

The Guardian - UK

Are the octogenarian IMF and World Bank sprightly enough for the job?

Fragile recovery, low growth, global debt, AI, the climate … The organisations founded in 1944 have lots to talk about this week

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IMF Raises Spain's 2024 GDP Growth Forecast To 1.9%

IMF raises Spain's 2024 GDP growth forecast to 1.9%, indicating positive economic prospects and potential opportunities for growth.

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The Hindu

Morning Digest | CSDS-Lokniti 2024 pre-poll survey: BJP has an edge, but a tough fight is possible; Arrest of Rameshwaram Cafe blast accused triggers war of words between TMC and BJP

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on April 13, 2024

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El Salvador Poised For New IMF Deal, Says Moody's

Learn about El Salvador's economic challenges and the importance of securing an IMF deal for financial stability.

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Georgieva Reappointed For Second Term As IMF Managing Director

Kristalina Georgieva reappointed as IMF managing director for her strong leadership and commitment to global economic stability.

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IMF, World Bank, And IDB Reports Signal Expanded Lending Potential

IMF, World Bank, and IDB reports emphasize increasing emergency capital to support countries in responding to crises and promoting sustainable development.

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IMF Warns Of Potential Lackluster Global Growth In 2020S

Global economic growth projections, debt challenges, and geopolitical tensions impact the economic outlook. IMF warns of 'Tepid Twenties' without correctiv...

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Ethiopia Considers Devaluation For IMF Bailout

Ethiopia faces a critical decision on currency devaluation to secure IMF bailout amidst economic challenges. The implications of this decision are far-reac...

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US Treasury Warns Of Financial Strains In Developing Countries

US Treasury raises alarm on financial strains in developing countries, urging global support for economic stability.

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