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The Latest Breaking News from International Monetary Fund

IMF Says Preparing for 1st Review of Egypt Program

Preparations for the first review of Egypt's economic reform program with the International Monetary Fund have begun and dates for the review mission will be announced when agreed with the authorities, an IMF spokesperson said on Thursday. The IMF approved in December a $3 billion Extended Fund Facility loan for…

Asharq Al-Awsat

IMF: Lebanon is in 'Very Dangerous Situation'

The International Monetary Fund warned on Thursday that Lebanon was in a very dangerous situation a year after it committed to reforms it has failed to implement and said the government must stop borrowing from the central bank. IMF mission chief Ernesto Rigo told a news conference in Beirut that…

Asharq Al-Awsat

IMF warns without reforms, Lebanon could see hyperinflation

The International Monetary Fund has given a grim assessment of Lebanon’s prospects for getting out of its deepening financial crisis

The Independent UK

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IMF: Lebanon in 'very dangerous situation' with reforms stalled

Reuters

US says Tunisia president weakened checks and balances

Tunisian President Kais Saied has caused "enormous concern" about where Tunisia is headed with moves that have weakened democratic checks and balances, U.S. Assistant Secretary of State Barbara Leaf said on Thursday.

Reuters

Saudi Ambassador, IMF Delegation Discuss Conditions for Lebanon’s Recovery

Saudi Arabia’s ambassador to Beirut Walid Al-Bukhari discussed with the International Monetary Fund (IMF) delegation the necessary conditions for Lebanon's economic recovery. Al-Bukhari met with the visiting IMF delegation, headed by Ernesto Ramirez Rigo, on Wednesday at his residence in Yarzeh, east of Beirut. Talks during the meeting touched on…

Asharq Al-Awsat

Ukraine clinches £12.7bn IMF loan to shore up finances amid Russian invasion

Cost of rebuilding from Putin’s war rises to £336bn

The Independent UK

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IMF announces $15.6bn support package for Ukraine

International Monetary Fund breaks ground with first such support for a country at war

The Guardian - UK

Russia-Ukraine war at a glance: what we know on day 392 of the invasion

Volodymyr Zelenskiy visits military positions near Bakhmut; six killed overnight in drone attack on Rzhyshchiv in Kyiv region

The Guardian - UK

What is the IMF? Leaders to meet in Morocco in aftermath of earthquake

The world economy needs Africa to prosper, says the IMF’s chief

Evening Standard

War-torn Ukraine to receive first loan from IMF

The International Monetary Fund (IMF) and Kyiv have reached a staff-level agreement for a $15.6 billion loan which should be finalised in the coming weeks. The Washington-based lender had previously changed its rules in order to allow loans to countries facing "exceptionally high uncertainty", without naming Ukraine specifically. Also in…

France 24

Ukraine, IMF agree on $15.6 billion loan package REDIRECTED

The IMF and Ukraine have agreed on a new loan package to support the government's financies severely strained by Russia's invasion

The Independent UK

IMF, Ukraine Reach Staff Level Agreement on $15.6b 'EFF Arrangement'

The International Monetary Fund announced on Tuesday that it reached with Ukrainian authorities a staff have a staff-level agreement that would be supported by a new 48-month Extended Fund Facility (EFF) Arrangement. It said the EFF, with requested access of around $15.6 billion aims to support the Ukrainian authorities anchor…

Asharq Al-Awsat

Zelensky says Ukraine will 'respond to every blow' after Russian attacks

Ukrainian President Volodymyr Zelensky on Wednesday said his country would "respond to every blow" after Russian strikes killed at least seven people in the Kyiv region, and claimed another victim in southern Zaporizhzhia. Follow our blog to see how the day's events unfolded. All times are Paris time (GMT+1).

France 24

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Bangkok Post

Asian currencies subdued as investors await Fed decision

SYDNEY: Most Asian currencies were tepid on Wednesday, with the Philippine peso falling most, as investors await the conclusion of the Federal Reserve's (Fed) policy meeting for clarity on the future United States rate path.

The Guardian - AU

Sweden approves bill to allow country to join Nato; US says China is watching west’s response to Russia – as it happened

Sweden says membership of Nato is best way to safeguard security; Anthony Blinken warns reaction to war in Ukraine has impact in Asia

Al Jazeera

Sri Lanka receives first tranche of IMF bailout, says president

Ranil Wickremesinghe says his government will kick off next round of talks with creditors in the third week of April.

Reuters

Sri Lanka to start next round of talks with creditors in April

Sri Lanka will kick off the next round of talks with creditors in the third week of April, President Ranil Wickremesinghe said on Wednesday, adding that the debt-stricken nation has started to receive funds from the International Monetary Fund.

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Reuters

Sri Lanka says latest bailout funds can be used for fiscal support - Bloomberg News

The International Monetary Fund (IMF) is allowing Sri Lanka to utilise funds from its latest bailout for fiscal support, unlike previous loans that could only be used to ease balance of payments crises, central bank governor Nandalal Weerasinghe said in an interview with Bloomberg.

Reuters

IMF says Argentina to delay payment within rules, remains current

The International Monetary Fund said on Tuesday Argentina informed the IMF it will merge two payments due this week into a single payment of about $2.7 billion on March 31.

Reuters

IMF staff reaches agreement with Ukraine for $15.6 billion program

The International Monetary Fund said on Tuesday it had reached a staff-level agreement with Ukraine for a four-year financing package worth about $15.6 billion, offering funds the country needs as it continues to defend against Russia's invasion.

Reuters

Sri Lanka ready to engage with all creditors after IMF deal - minister

Sri Lanka is ready to engage in debt restructuring talks with bilateral and private creditors to recover debt sustainability as "soon as possible", state finance minister Shehan Semasinghe said on Tuesday.

Foreign Policy

Politics Are Holding Pakistan’s Economy Hostage

Drama around former Prime Minister Imran Khan leaves Pakistan’s finances in the lurch.

Al Jazeera

Sri Lanka to get first tranche of $2.9bn bailout in two days: IMF

Global lender says island nation battling its worst economic crisis in seven decades will get $330m in next two days.

Reuters

Sri Lanka's national consumer price inflation at 53.6% in Feb

Sri Lanka's National Consumer Price Index (NCPI) rose 53.6% in February on the year, after a rise of 53.2% in January, the statistics department of the debt-stricken country said on Tuesday.

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