The Latest Breaking News from International Monetary Fund

Oil prices have confounded expectations in the first quarter of 2023. Brent – a major global benchmark – hit a low of US$72 (£58) a barrel on March 17, while the world’s other main benchmark, WTI, dropped to less than US$66 a barrel. This is a far cry from the…

The executive board of the International Monetary Fund on Monday approved the first review of Tanzania's three-year extended credit facility, allowing immediate disbursement of about $153 million in budgetary support, the IMF said in a statement.

Rishi Sunak said the Business Connect event would bring the UK’s biggest companies and investors together for ‘meaningful dialogue’.

Forecasts show that prices for everyday goods are set to rise 40 per cent faster in the UK than any other major advanced economy

France, India and Japan have teamed up and invited others to join in the rescue of Sri Lanka’s crippled economy, a crisis blamed on mindless spending by the island’s rulers of money borrowed from China.

The Treasurer's upcoming budget will be difficult. So difficult that it’s unlikely to see any reforms to rein in spending or grow revenue .

Bahrain's Labor Minister Jamil bin Muhammad Ali Humaidan underscored the international community’s confidence in the Kingdom's public aimed at sustaining growth in the labor market. Humaidan's statements highlighted the indicators revealed by the International Monetary Fund (IMF) in its latest report, which expected unemployment rate in Bahrain to drop to…

The main driver behind the reduction is inflation—inflation that politicians created with their irresponsible spending.

Pakistan appears to be on the brink of a full-blown crisis with the country struggling to get on top of mounting security threats, political uncertainty and economic instability.