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The Latest Breaking News from International Monetary Fund

Bumps ahead: On IMF’s India growth forecast

The IMF expects India to grow 8.2% this year, but has flagged multiple risk factors ahead

The Hindu

IMF, World Bank chiefs warn of debt squeeze in poor nations

The heads of the International Monetary Fund and the World Bank are warning that rising interest rates are squeezing the world’s poorest countries as they struggle with the coronavirus and soaring food prices

The Independent UK

Timeline: Week eight of Russia’s war in Ukraine

Al Jazeera recaps key events during week eight of Russia’s invasion of Ukraine.

Al Jazeera

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Economist Cuts China GDP Growth Forecast As COVID Lockdowns Weigh On Economy

This week, the International Monetary Fund cut its global GDP growth forecast for 2022 and 2023 in the wake of the economic disruption caused by Russia's invasion of Ukraine.

Benzinga

Netflix loses users for first time in a decade

We take a look at the many reasons why the global streaming giant Netflix lost some 200,000 users this past quarter and we find out what the site may do to get investors happy again. We also discuss the IMF's downgrading of global economic forecasts. Finally, takeaway delivery platform Deliveroo…

France 24

Russia Could Mine Bitcoin To Evade Sanctions: International Monetary Fund Warns

Russia could mine Bitcoin (CRYPTO: BTC) in an effort to evade the economic sanctions that were imposed on the nation after it invaded Ukraine, according to the International Monetary Fund (IMF).

Benzinga

As Central Banks Adjust Monetary Policies, IMF Signals Further Market Sell-Off: CNBC

The International Monetary Fund has warned of more market sell-offs as central banks attempt to combat higher inflation and ease back on pandemic stimulus measures. Market players started 2021 on an optimistic note, predicting some economic momentum amid the easing of COVID-19 restrictions, which would likely boost stocks.

Benzinga

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Ukraine Set to Dominate G20 Finance Chiefs Summit

Finance officials from the world's richest countries will meet on Wednesday to address global challenges like rising debt and a possible food crisis -- if they can overcome boiling tensions over Russia's invasion of Ukraine. Moscow's attack on its neighbor is set to dominate the meeting of G20 finance ministers…

Asharq Al-Awsat

IMF head warns rising food and fuel prices strain family budgets ‘to breaking point’ – as it happened

IMF managing director Kristalina Georgieva says ‘double crisis’ from Ukraine war and Covid is ‘a massive setback for the global recovery,’ as the fund says it’s open to emergency financing for nations facing food insecurity

The Guardian - UK

Sri Lanka promises impartial probe after first death in weeks of protests

Sri Lankan police will launch an "impartial and transparent" investigation into clashes with protesters after the first death in weeks of unrest over the government's handling of the economy, the president said on Wednesday.

Reuters

Oil Stabilizes after Big Drop on IMF Growth Cut

Asian markets were flat on Wednesday as oil began clawing its way back up from a big drop after the International Monetary Fund downgraded its global growth forecast for 2022. The IMF lowered its outlook to 3.6 percent -- a .08 percent slash from its previous estimate released in January…

Asharq Al-Awsat

Finance Minister Nirmala Sitharaman has urged IMF to assist Sri Lanka: Govt

International Monetary Fund Managing Director Krisalina Georgieva ‘assured the Finance Minister that the IMF would continue to actively engage with Sri Lanka’, said a Finance Ministry readout of the meeting.

The Hindu

Morning Digest | IMF cuts global growth on Ukraine war, trims India forecast to 8.2%; Centre cautions against laxity in containing COVID-19, and more

A select list of stories to read before you start your day

The Hindu

At least one killed as police open fire at Sri Lanka protesters

One killed and several others wounded in central Sri Lanka as police open fire at people protesting fuel price rise.

Al Jazeera

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Asharq Al-Awsat

Citing Russia’s War, IMF Cuts Global Growth Forecast to 3.6%

The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia's war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants. The 190-country lender cut its forecast…

Reuters

Delegate protests over Russia to upstage G20 meeting

Western nations are preparing to stage coordinated walk-outs and other diplomatic snubs to protest against Russia's invasion of Ukraine at Wednesday's meeting of G20 finance ministers in Washington, their officials said.

Benzinga

Crypto Wallets Controlled By Individuals Are A Global Risk, Says India's Finance Minister To The IMF

India's Minister of Finance and Corporate Affairs Nirmala Sitharaman reiterated the country's negative attitude towards cryptocurrencies such as Bitcoin (CRYPTO: BTC) during a recent International Monetary Fund (IMF) panel.

France 24

French presidential candidates spar over wind energy sector

Ahead of the French presidential run-off on Sunday, we take a closer look at Emmanuel Macron and Marine Le Pen's divergent views on the future of the renewable energy sector in France. Macron wants to add thousands of jobs to the wind turbine industry, while Marine Le Pen wants to…

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The Independent UK

Citing Russia's war, IMF cuts global growth forecast to 3.6%

The International Monetary Fund has downgraded the outlook for the world economy this year and next

Evening Standard

IMF slashes UK growth forecasts as inflation slows economy

The International Monetary Fund (IMF) slashed its growth forecasts for Britain today as it warned inflation will hit spending and investment.

The Guardian - UK

UK GDP growth to slow to worst in G7 in 2023, says IMF – as it happened

Live rolling coverage of business, economics and financial markets as global growth forecasts downgraded amid Ukraine invasion and inflation

Evening Standard

FTSE 100 Live: IMF slashes UK forecast, stocks rally

The IMF’s world economic outlook and earnings updates from more major US companies will provide the main focus for investors today.

The Hindu

Nirmala Sitharaman meets IMF chief; discusses impact of geopolitical situation on global growth

Kristalina Georgieva also appreciated India's help to Sri Lanka in tackling its economic crises and assured that the IMF would continue to actively engage with the island nation

Al Jazeera

Sri Lanka asks IMF for urgent financial assistance

The IMF may consider this request due to the unique circumstances, an aide to the nation’s finance minister said.

Reuters

One dead after police fire on protesters in Sri Lanka amid bailout talks with IMF

Sri Lankan police fired live ammunition to scatter protesters on Tuesday, killing one person and injuring a dozen more, as the country sought rapid financial assistance from the International Monetary Fund (IMF) to ease a worsening economic crisis.

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