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The Latest Breaking News from International Monetary Fund

IMF Head Backs Reforms To Increase China’s Voting Power

IMF's Georgieva supports giving China more voting power amid global economic changes.

Zenger

Argentina's economic crisis: whoever wins presidential election is on a collision course with the IMF

Argentina is heading to the polls on October 22 for a presidential election dominated by another profound economic crisis. In September, annual inflation in Latin America’s third-largest economy hit 124%, its highest since 1991.

The Conversation

Why hard-right libertarian Javier Milei wants to dollarise Argentina’s economy

Javier Milei, the "anarcho-capitalist" presidential candidate who took the lead in the August primaries with his "Liberty Advances" political coalition, owes much of his electoral success to his promise to dollarise the Argentine economy. Disoriented by hyperinflation and rising poverty, many Argentinians see the adoption of the US dollar as…

France 24

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The Guardian view on Argentina’s presidential election: the danger to democracy is real

Editorial: Public spending hikes and pro-poor tax cuts might fix the economy and be popular enough to stop the far right

The Guardian - UK

Emirati and Egyptian central banks agree to currency swap deal

Deal allows the two central banks to exchange up to five billion Emirati dirhams and 42 billion Egyptian pounds.

Al Jazeera

Morning Digest | India’s elderly population to double to over 20% by 2050, says UNFPA report; EPFO likely to give employers extension to validate joint forms, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

Guyana’s Economy Set To Double In Size, Driven By Booming Oil Industry

Fastest-growing nation poised for explosive growth as oil production surges and non-oil sectors see investments

Zenger

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IMF says Sri Lanka needs to boost reforms and collect more taxes for its bailout funding package

The International Monetary Fund says that Sri Lanka has so far failed to make enough progress in boosting tax collection and other economic reforms sought by the IMF

The Independent UK

Industries Minister Patil meets top officials of Boeing, GE, IMF in Washington D.C.

A visiting Karnataka delegation headed by M.B. Patil, Minister of Large & Medium Industries & Infrastructure Development, met senior executives of Boeing and GE in Washington to discuss and explore investment opportunities for the State.

The Hindu

Students’ delegation from Andhra Pradesh interacts with IMF officials in United States

Andhra Pradesh students visit IMF office in Washington D.C.; receive guidance from Deputy Managing Director Gita Gopinath and Executive Director K. Subramanian. Students inspired by Subramanian's success story and Gopinath's journey from humble background to IMF Deputy Managing Director. Visit broadens horizons and ignites spark in students to encourage peers…

The Hindu

‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech

In his new book, the maverick Greek economist says we are witnessing an epochal shift. At his island home, he argues it’s now the ‘fiefdoms’ of tech firms that shape us

The Guardian - UK

Zombie Britain sees zero growth – and that’s the good news

Some surveys predict recession, but with pay and confidence rising, they may be wrong. That’s the best we, and the PM, can hope for

The Guardian - UK

EU to start releasing money to Tunisia under migration pact

The European Union is set to ‘swiftly’ disburse 127 million euros as part of a July deal to halt irregular migration.

Al Jazeera

Ghana arrests demonstrators protesting against the country's economic crisis

Police in Ghana have arrested protesters demonstrating against the cost of living and the economic crisis gripping the country, once seen as a model economy in Africa.

WEKU

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Fortune

COP 28 president: 'It’s time to transform climate finance–and bridge its $2.4 trillion gap'

Is the world capable of mobilizing the trillions of dollars necessary to fund the climate transition?

The Conversation

Global corporate power is 'out of control', but reports of democracy’s death are greatly exaggerated

The past 40 years have seen massive expansion of the dominance of large corporations in the global economy. A wave of neoliberal reforms spread internationally from the 1980s with the promise that deregulated markets would unleash the animal spirits of private enterprise, bringing a new era of growth and prosperity.

The Independent UK

IMF warns Lebanon that the country is still facing enormous challenges, years after a meltdown began

The International Monetary Fund has warned that Lebanon is still facing enormous economic challenges, four years after the country's historic meltdown began

The Hindu

Quash report by Editors’ Guild: Meitei body to Manipur High Court

The report was published by the EGI on September 2 after it sent a team to look into a complaint from the Indian Army about misinformation being spread in the State.

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The Hindu

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

India could wait a while longer before firming up its domestic regulations for crypto currencies, and initiate a dialogue with stakeholders on the way forward

Zenger

Does Banning Crypto Solve Anything?

The rapid evolution of the crypto-asset landscape has brought forth a plethora of opportunities and inevitable risks.

Al Jazeera

‘How will I pay?’: Steep power bills, rising inflation hit Pakistan’s poor

Millions of Pakistanis say they have been forced to ration use of fans and other essential electrical items due to hike.

The Hindu

India’s G-20 leadership extremely effective, even if Russia generally absent: Janet Yellen

U.S. Treasury Secretary Janet Yellen said India’s G-20 leadership has proven effective on several fronts, including the reforms of multilateral development banks and addressing the debt concerns of vulnerable countries.

Al Jazeera

Determination, hope and longing in the Tunisians fighting for a better life

‘I met this guy, with a baby. I asked: ‘Why are you here with a baby?’ He said: ‘Either we die here, or in Tunisia.’

WEKU

Biden is off to India and Vietnam. It's part of his push to counter China's influence

President Biden is using the G20 summit to push for a bigger, better World Bank as an alternative to China's massive lending programs, which have left some low-income countries with massive debt.

The Independent UK

War sanctions against Russia highlight growing divisions among the Group of 20 countries

Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries

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