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The Latest Breaking News from International Monetary Fund

IMF Board Approves IMF Board Approves Top News.2 Billion Loan Program for Jordan.2 Billion Loan Program for Jordan

The International Monetary Fund (IMF) has agreed to extend a IMF Board Approves Top News.2 Billion Loan Program for Jordan.2 billion loan program over four years to Jordan, providing financial support for the count...

Top News

2024 will be Asia’s time to shine–but a series of pivotal elections could change everything

Taiwan, Indonesia, India: Here are the key Asian elections to watch in 2024.

Fortune

IMF's Georgieva and Yellen to Hold Talks with Egypt

Get the scoop on the upcoming meeting between IMF Chief Georgieva and US Treasury Secretary Yellen with Egyptian authorities. It's a rendezvous of economic...

Top News

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3 China Stocks With 2024 Gain Potential

Given China's crucial role in driving global economic growth in 2024 and optimistic projections from the IMF and various institutions, fundamentally sound Chinese stocks Autohome (ATHM), Tuniu (TOUR), and Vipshop Holdings (VIPS) might be ideal buys for gains this year. Keep reading.

StockNews.com

The world economy is in crisis again. If we look back 80 years, we might be able to fix it

The historic Bretton Woods summit shaped a golden era of growth. This year’s G20 could be our equivalent, says academic and economist Michael Jacobs

The Guardian - UK

The dispute on India’s debt burden

To avoid worst-case scenarios, the need for fiscal correction is all the more vital this election year

The Hindu

Argentina Close To Reaching Agreement With IMF Over Review Of $44B Loan Program

The $44 billion loan program agreement is aimed at providing financial assistance to Argentina to stabilize the country's economy and address its economic challenges such as inflation, fiscal deficits, and debt repayment.

Latin Times

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Debt debate: On the IMF’s latest India consultation details, Finance Ministry’s response

Despite the Finance Ministry’s views, in the broader picture, IMF staff’s perceptions of India’s fiscal position have actually improved over the past year

The Hindu

Outlook 2024: With no apparent hurdles on horizon, road seems clear for stock investors

Cumulatively, the past 12 months have been stellar for investors who parked their money in Indian stocks. Read further on Dynamite News:

Dynamite News

Morning Digest | France grounded aircraft with 303 Indians: Indian Embassy; Ex-Finance Minister P Chidambaram to head Congress Manifesto Committee for 2024 Lok Sabha election, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on December 23, 2023

The Hindu

IMF's Debt Warning in India: Worst-Case Scenario Dismissed

Indian government dismisses IMF's debt warning as a 'worst case scenario', showcasing India's resilience to economic challenges. Read more here!

Top News

World Bank projects that Israel-Hamas war could push Lebanon back into recession

The World Bank says the ripple effects of the war in Gaza are likely to knock Lebanon’s fragile economy back into recession

The Independent UK

IMF commends India's economic resilience and growth amid global challenges

India's economy exhibited robust growth over the past year, surpassing pre-pandemic employment levels and showcasing resilience in the informal sector. Read further on Dynamite News:

Dynamite News

IMF Predicts 6.3% Economic Boom for India in FY24

Embrace the rhythm of thriving economies as the IMF forecasts a vibrant 6.3% growth dance for India's economy in fiscal year 2024. Catch the beat!

Top News

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The Conversation

Why the American technological war against China could backfire

The technological war waged by the United States against China has the potential to backfire, supercharging China’s creation of an independent computer chip industry that would directly compete with American manufacturers.

Reason

Milei Begins Shock Therapy in Argentina

The self-described anarcho-capitalist president devalued the peso, halved government ministries, and announced a series of spending cuts.

The Guardian - UK

Friday briefing: What we learned from Vladimir Putin’s surreal televised press conference

In today’s newsletter: The Russian leader touched on his country’s economy, his political future – and the small matter of his war on Ukraine

International Business Times

Argentina Slashes Subsidies And Devalues Peso By 50% As Milei's Austerity Plan Takes Shape

The new president of Argentina has begun a process of "shock therapy" in a bid to save the country from economic collapse.

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news in one place.

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Latin Times

Argentina Devalues Local Currency By 50%, Cuts Energy, Transportation Subsidies To Revive Economy

Luis Caputo said the country was going to see "worse than before" for a couple of months, adding that all the new government projects were halted as there was "no more money."

The Guardian - UK

Argentina’s new government devalues peso by more than 50%

Package of spending cuts introduced in attempt to tackle country’s worst economic crisis in decades

The Independent UK

Sri Lanka will get the second tranche of a much-need bailout package from the IMF

The International Monetary Fund executive board has approved the release of the second tranche of a bailout package to help Sri Lanka recover from the worst economic crisis in its history

Latin Times

Argentina Devalues Peso, Unveils Measures To Avoid 'Hyperinflation'

The government of President Javier Milei announced cuts to generous state subsidies and a halt to all new public construction projects.

International Business Times

IMF Resumes Sri Lanka Bailout After China's Debt Deal

The International Monetary Fund announced on Tuesday it is reviving its $2.9 billion bailout for Sri Lanka after the South Asian nation clinched a debt restructure deal with its largest single lender China.

Fortune

'Cold War II' could wipe trillions from global economy, IMF says

The group says $7 trillion worth of GDP could be lost to a new Cold War, undoing progress since the fall of the Soviet Union.

The Guardian - AU

Russia-Ukraine war: Biden and Zelenskiy hold press conference after US president announces $200m extra Ukraine aid - as it happened

Biden opens with remarks praising Zelenskiy for ‘enormous victory already’ over Putin; US president also announces additional aid to Ukraine

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