The Latest Breaking News from International Monetary Fund

Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation battle. Global growth is expected to slow further this year, as central banks including the US Federal Reserve have raised…

Egypt's pound weakened on Wednesday to a new low of 30 against the US dollar after fluctuating in morning trading, Refinitiv data showed. Egypt committed to a flexible currency, a greater role for the private sector and a range of monetary and fiscal reforms when it agreed to a $3…

The International Monetary Fund said on Tuesday that corruption had inflated the cost of numerous high-profile tenders and construction projects in Zambia.

Pakistan reiterated its commitment to completing a programme with the International Monetary Fund in a meeting on the sidelines of a climate conference in Geneva on Monday, the finance ministry said in a statement.

In tonight's edition: France's African soldiers, who fought in the world wars and France's colonial conflicts, win a final battle. Known as Senegalese tirailleurs, the surviving fighters will be able to live out their days back in Africa after a pension U-turn by Paris. Also, Tunisia's central bank chief says…

The stock market witnessed significant volatility due to macroeconomic headwinds last year. While the market could remain under pressure in the near term, strong momentum stocks TotalEnergies (TTE), North American Construction (NOA), and Overseas Shipholding (OSG) might be able to sustain their gains, given their solid fundamentals. Therefore, these stocks…

Call it the Putin effect: Russia’s war is speeding up the global shift away from fossil fuels

IMF chief has warned that this year will be more challenging than the last year. Furthermore, growing recessionary fears and the COVID “bushfire” could negatively impact the economy. Amid an uncertain economic backdrop, it could be wise to add fundamentally strong stocks Altria Group (MO) and Schlumberger (SLB) to your…

IMF director Kristalina Georgieva said simultaneous contractions in three major economies—the U.S., the EU, and China—will be the driving forces behind a global recession in 2023.

Oil prices slid on Tuesday from their highest levels in a month after Chinese economic data dampened market sentiment and the head of the International Monetary Fund warned of a tougher 2023. Brent crude futures had fallen by 25 cents, or 0.29%, to $85.66 a barrel by 0400 GMT, while…

The Egyptian government pledged to “control the market,” stressing that the US dollar crisis is on its way to being resolved. It has also sought to crack down on currency dealers in the “black market.” The value of the Egyptian pound declined against the US dollar following the Central Bank’s…