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The Latest Breaking News from International Monetary Fund

World Bank Approves $1.5 Billion Ethiopia Rescue Package

The World Bank has approved a $1.5 billion financial package to support cash-strapped Ethiopia's economic reform programme after officials loosened curbs on the local currency.

International Business Times

Ethiopia Currency Slides As Central Bank Eases Forex Curbs

Ethiopia's central bank announced on Monday that it was easing curbs on its foreign exchange regime, a move which saw the value of the local currency slide by about 30 percent.

International Business Times

Sri Lanka presidential election set for September 21 amid ailing economy

President Wickremesinghe is first candidate to register at the Election Commission as he seeks mandate from voters.

Al Jazeera

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Sri Lanka To Hold Presidential Election Amid Economic Crisis

Sri Lanka's upcoming presidential election amid economic crisis and debt restructuring efforts.

Top News

Sri Lanka Announces First Presidential Vote Since Unrest

Sri Lanka's first presidential elections since an unprecedented economic crisis spurred widespread unrest will be held in September, the election commission said Friday.

International Business Times

South Africa has a new top diplomat. What does that mean for Palestine?

Foreign minister Ronald Lamola takes over at critical time amid ICJ case against Israel and ongoing regional conflicts.

Al Jazeera

Steak is off the menu for Argentinians as the country’s austerity policies bite

“Was the steak and wine as good as I’ve heard?” Undeniably the most common question I’m asked when I return from Argentina. And while my answer is – obviously – yes, the question is asked with good reason. The association with beef and steakhouses (parrillas in Spanish) and world-class malbecs…

The Conversation

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3 Mid-Cap Stocks With Strong Upside Potential

With the market hitting near-record highs and some experts warning about potential downturns, now might be the time to consider adding mid-caps to your investment mix. Thus, one could invest in fundamentally sound stocks like Acuity Brands (AYI), PVH Corp. (PVH), and NewMarket Corp. (NEU), which have strong upside potential.…

StockNews.com

Thursday briefing: How one controversial bill has Kenya on the brink of disorder

In today’s newsletter: President William Ruto’s unpopular finance bill has sparked a wave of protests – that have been met with brutality and yet more discord in the country

The Guardian - UK

IMF reform is tricky: the US and China will need to work together

Europe is overrepresented while China is underrepresented, and the US will need to give up its veto

The Guardian - UK

3 Bank Stocks Benefiting From High Interest Rates

Amid global economic uncertainties, major U.S. banks like JPMorgan (JPM), Wells Fargo & Company (WFC), and PNC Financial Services (PNC) have defied expectations with strong revenue and earnings reports for the second quarter. Considering their robust performance, investing in these stocks could offer stable returns to your portfolio. Read more….

StockNews.com

Signs point to slow start for economy in new year

Australia can expect lacklustre economic growth into early next year, with small businesses particularly vulnerable to sour economic conditions.

AAP

World needs economic stability after a tough few years, but if Trump wins we’re unlikely to get it

The attempt on the former president’s life may well result in a new era of trade tariffs, protectionism and a weak dollar

The Guardian - UK

IMF Maintains 2024 Global Growth Forecast, Warns Of Inflation Risk

The IMF held global growth expectations for 2024 steady in a report Tuesday even as it cut forecasts for the United States and Japan, while warning of inflation risks and trade tensions ahead.

International Business Times

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Top News

IMF Upgrades China, India, Europe; Lowers US, Japan Expectations

IMF revises global economic projections, highlighting growth in China, India, and Europe, with challenges in the US and Japan. Global inflation expected to...

The Independent UK

New fears Brexit has ‘drained life out of UK economy’ following IMF report

The International Monetary Fund’s July report warns ‘the global economy is in a sticky spot’ with the UK lagging behind most other major economies

The Independent UK

IMF's economic view: Brighter outlook for China and India but tepid global growth

The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

The Guardian - UK

UK interest rates will stay high unless service sector inflation falls, says IMF

Warning comes as Bank of England policymakers say price growth in service sector could become embedded

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International Business Times

Pakistan Reaches $7 Bn Aid Deal With IMF

The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.

The Independent UK

Argentina's inflation edges up in June, breaking monthslong streak in blow to President Milei

A closely watched measure of inflation in Argentina remained stronger than the libertarian government of President Javier Milei would have hoped

International Business Times

Is Bitcoin Failing The German Government's 'Liquidity Test'? Bitcoiners Clap Back

Since the German government started dumping its billions worth of Bitcoins, some financial analysts have suggested that the sell-off may be a "test" to determine the digital asset's liquidity – the big question is, has $BTC failed or passed the test?

Al Jazeera

What do the IMF and foreign debt have to do with Kenya’s current crisis?

Critics say IMF provides loans to desperate African countries on stringent terms, disproportionately affecting the poor.

The Conversation

The IMF is failing countries like Kenya: why, and what can be done about it

The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a rapidly changing global political economy.

The Guardian - UK

The world is scrambling to understand Kenya’s historic protests – this is what too many are missing

A finance bill was the trigger, but the backdrop is government debt and blinkered interventions from western institutions, says Kenyan political analyst Nanjala Nyabola

The Conversation

Bretton Woods: bloodied, battered but still a huge international achievement 80 years on

In July 1944, with war still raging in Europe and the Pacific, 730 delegates from 44 countries gathered at the Mount Washington, a grand hotel built at the turn of the century in New Hampshire. They were on the edge of a little town called Carroll, surrounded by a national…

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