The Latest Breaking News from International Monetary Fund

The International Monetary Fund (IMF) has picked a resident representative for Lebanon, the multilateral lender's spokesman Gerry Rice said on Thursday. Rice, who did not specify who had been named for the position, added the IMF will continue its talks on an economic reform program with the country. The IMF…

New Delhi has made great efforts to help Colombo: Beijing

In 1918, Soviet revolutionary Leon Trotsky told Western creditors aghast at the Bolsheviks' repudiation of Russia's external debt: "Gentlemen, you were warned."

Tunisia’s powerful UGTT union on Tuesday called a national public strike for June after the government refused to increase wages, an escalation that may hinder the government's efforts to reach a deal with the International Monetary Fund. Tunisia faces a serious financial crisis and is seeking a $4 billion loan…

Sri Lanka is facing one of the worst economic crises in recent decades, triggering public anger and mass protests, which have fostered unity across ethnic and religious lines.

Sri Lanka’s prime minister says that he will quickly prepare an economic reform program and seek approval from the International Monetary Fund

This year's World Economic Forum in Davos has been dominated by the war in Ukraine and its implications on the global economy. With the drop in grain exports from the region, concern is growing over a looming food crisis. FRANCE 24's Business Editor Kate Moody spoke to IMF Managing Director…

The black market rate, widely used across the country, now sits at 35,600 to the US dollar.

Lebanon's pound traded at a record low of more than 35,000 to the dollar on Thursday, according to currency exchange platforms and traders, as divisions within a newly-elected parliament fuel concerns political paralysis will worsen the country's financial crisis, Reuters reported. The legislature elected on May 15 has yet to…