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The Latest Breaking News from International Monetary Fund

IMF Chief Georgieva Says 'Available To Serve' For Second Term

The managing director of the International Monetary Fund has told AFP she is making herself "available to serve" for a second five-year term running the Washington-based financial institution, shortly after she received the backing of European finance ministers.

International Business Times

Tackling inequality vital for next century of growth, IMF head says

Kristalina Georgieva invokes John Maynard Keynes as she says fostering fairer economy would raise living standards ninefold

The Guardian - UK

Somalia has 99% of $2bn debt cancelled in major boost to fragile recovery

Paris Club of creditor nations agree cancellation as Mogadishu moves towards financial normalisation amid ongoing conflict

The Guardian - UK

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IMF To Select New Managing Director By End Of April

Learn about the IMF's upcoming selection of a new managing director and its importance for global economic stability.

Top News

Pakistan Seeks Longer-Term IMF Bailout During Review

Pakistan seeks new IMF bailout to address economic challenges and set path for sustainable growth.

Top News

IMF Urges Slovakia To Reduce Debt

IMF calls for Slovakia to reduce debt levels post-COVID-19 to ensure economic stability.

Top News

Who is Muhammad Aurangzeb, the man tasked with fixing Pakistan’s economy?

A veteran banker, Aurangzeb is a political outsider who analysts say must grapple with IMF reforms and crippling debt.

Al Jazeera

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African Development Bank Calls For End To Resource-Backed Loans

African Development Bank's push to end natural resource-backed loans due to exploitation concerns and promote sustainable financing for infrastructure proj...

Top News

Pakistan PM Appoints Cabinet Tasked With Ending Economic Crisis

Pakistan's 19 new ministers took their oath of office Monday, after an election marred by allegations of vote rigging.

International Business Times

The US could be facing a 2008-style financial crisis. Why does Sunak want to copy it?

The PM’s admiration for Washington’s economic model may backfire amid looming US banking and stock market disasters

The Guardian - UK

Kristalina Georgieva wins backing to run for second term as IMF chief

Bulgaria’s ‘eternal optimist’ in favour with European finance ministers after first five-year stint encompassing Covid and Ukraine

The Guardian - UK

IMF Ready To Support Pakistan With New Programme Upon Request

IMF expresses readiness to assist Pakistan in implementing economic programme amidst COVID-19 challenges, offering potential avenue for economic reform.

Top News

IMF Emphasizes Preserving Value Of Argentine Pensions

Learn why the IMF is urging Argentina to safeguard pension values amidst economic challenges for retirees.

Top News

Brazil's Public Debt Reaches 75% Of GDP

Learn about Brazil's public sector debt challenges and the need for fiscal discipline to ensure economic stability and growth.

Top News

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Top News

Egyptian Pound Stable After Devaluation, IMF Deal

Stable Egyptian pound post-devaluation and IMF agreement signals positive economic impact.

The Hindu

Morning Digest | Ensure Pakistan does not divert loans to foot its defence, third-country debt bills, India tells IMF; Team India looks to finish on a high in Ashwin’s 100th, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on March 07, 2024

The Guardian - UK

Budget 2024: UK taxes head for highest level since 1948 despite Hunt’s NI cut

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

The Hindu

Ensure Pakistan does not divert loans to foot defence bills: India to IMF

India pushes for stringent monitoring of IMF funds to Pakistan, ensuring they're not used for defense or debt repayment.

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Al Jazeera

Egypt strikes expanded $8bn deal with the IMF

The deal comes as the central bank said it would let the Egyptian pound trade freely.

International Business Times

Egypt Secures $5 Bn Additional Loan From IMF As Pound Plunges

Egypt secured an extra $5 billion in IMF loans on Wednesday, the two sides said, after the central bank hiked interest rates and allowed the pound to plunge by nearly 40 percent.

Top News

Egypt's Currency Hits Record Lows, Nears IMF Agreement

Egypt's economy strategically devalues its currency to secure IMF deal, aiming for stability and growth.

Top News

Shehbaz Sharif Sworn In As Pakistan's Prime Minister

Shehbaz Sharif takes office as Pakistan's prime minister, prioritizing IMF talks for economic stability and progress.

Top News

Panama GDP Growth To Slow In 2024 Due To Mine Closure

IMF projects Panama's GDP growth to slow to 2.5% in 2024 due to the closure of the First Quantum mine, highlighting the need for diversification and collab...

International Business Times

Ghanaian Finance Ministry Warns Against Fallout From Anti-LGBTQ Law

Ghana's finance ministry has advised President Nana Akufo-Addo against endorsing a highly contested anti-LGBTQ bill, warning that it could end up with the financially-strapped country losing billions of dollars in World Bank funds.

WEKU

Shehbaz Sharif returns as Pakistan's prime minister, as protests hit parliament

Lawmakers in Pakistan's National Assembly elected Shehbaz Sharif as the country's new prime minister for the second time, as allies of imprisoned former premier Imran Khan shouted in protest.

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