The Latest Breaking News from International Monetary Fund

As poverty and inflation plunge, Milei's reforms begin to reshape Argentina's economy.

The first budget speech of Ghana’s new government on 11 March painted a picture of an economy in crisis, facing high debt and fiscal mismanagement. The finance minister, Cassiel Ato Forson, acknowledged that key International Monetary Fund performance targets would be missed and announced drastic spending cuts.

Lebanon has a new central bank governor. But critics say he’s too close to traditional powers who created the crisis.

French President Emmanuel Macron will host his Lebanese counterpart, Joseph Aoun, in Paris on Friday, a visit he says signals France's full commitment to Lebanon's "recovery" and "sovereignty". The country's new government is facing a crippling economic crisis, as well as the need to rebuild after the recent Israeli-Hezbollah war.

Argentina has sought a $20 billion loan from the International Monetary Fund, the country's economy minister said Thursday, as the government struggles to hold on to foreign reserves while propping up an ailing currency.

A top boss at the International Monetary Fund (IMF) says his organisation hopes to finalise a new aid programme for Senegal as soon as possible after suspending its $1.8 billion credit line in October following revelations of distorted figures and fiscal mismanagement.

"Worse, by dint of its size, America’s actions have a much greater impact on the world economy than those of any run-of-the-mill emerging market."

Argentina's Congress on Wednesday gave President Javier Milei the green light to negotiate a new IMF loan agreement, on top of the $44 billion Buenos Aires already owes the lender.

El Salvador is unfazed by concerns around its Bitcoin reserve following a recent agreement with the IMF to concede some of its policies to secure a loan, but there are questions on the Bukele government's "contradictory" actions.

Ghana's new government on Tuesday announced it was scrapping several Covid-era taxes introduced in an effort to secure IMF financing, citing the economic hardship placed on ordinary citizens.

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year.