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The Latest Breaking News from International Monetary Fund

Bank of England joins effort to safeguard Ukraine’s assets as country faces economic devastation

Exclusive: The governor of the Bank of England, Andrew Bailey, offered his support to his Ukrainian counterpart

The Independent UK

IMF says working on bilateral donor trust fund for Ukraine

The International Monetary Fund is working on a new Ukraine trust fund instrument to allow bilateral donor countries to contribute resources to the war-torn country as it battles a Russian invasion, an IMF official said on Monday.

Reuters

Ukraine economy to contract sharply in 2022 due to war, IMF report says

Ukraine's economy is expected to contract by 10% in 2022 as a result of Russia's invasion, but the outlook could worsen sharply if the conflict lasts longer, the International Monetary Fund said in a staff report released on Monday.

Reuters

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Ukraine economy could shrink by up to 35% in 2022, says IMF

Institution believes invasion by Russia will cause ‘devastating’ damage to global economy

The Guardian - UK

Russia threatens to pay external debt in roubles; Ukraine’s GDP ‘could shrink 35%’; UK petrol to surge – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Ukraine latest updates: Civilian convoy leaves besieged Mariupol

Ukraine news from March 14: Attempts to evacuate civilians and deliver humanitarian aid has failed for several days.

Al Jazeera

Russian default on debts no longer ‘improbable’, says IMF head

Fund says a default from Russia after sanctions over its invasion of Ukraine would not trigger a global financial crisis

The Guardian - UK

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Russian default no longer 'improbable', but no trigger for global financial crisis- IMF

Russia may default on its debts in the wake of unprecedented sanctions over its invasion of Ukraine, but that would not trigger a global financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Sunday.

Reuters

Zelenskiy’s reforms were too slow for us, but too fast for Putin

Like other world leaders, Ukraine’s president found tackling corruption difficult. Unlike them, he had Moscow watching him

The Guardian - UK

As Western firms cut ties with Russia, Kremlin signals it could seize assets

The growing exodus of Western firms has upset Russian consumers, while authorities are weighing up the possibility of temporarily taking over firms with large shares of foreign ownership. We take a closer look. Also, the IMF warns that rising commodity prices due to the war in Ukraine could hurt developing…

France 24

Ukraine war will have 'lasting consequences on global economy': IMF

Russia's invasion of Ukraine has sparked a massive humanitarian and economic crisis. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund, tells FRANCE 24 the war will also have "lasting consequences on the global economy". Also in the show: how should the current energy crisis be compared to…

France 24

IMF deputy head: War in Ukraine has provoked 'deep humanitarian, economic crisis'

The war in Ukraine has provoked a massive humanitarian and economic crisis. The International Monetary Fund approved $1.4 billion in emergency aid for Kyiv this week and says it's ready to help neighbouring countries that request further assistance. The IMF's First Deputy Managing Director, Gita Gopinath, spoke to FRANCE 24's…

France 24

Argentina anti-IMF protesters burn tires, hurl rocks as Congress debates deal

Argentine protesters burned tires, hurled stones and smashed windows outside the Congress building on Thursday, railing against a $45 billion agreement with the International Monetary Fund.

Reuters

Mexican president urges Argentina to accept IMF debt deal

Mexican President Andres Manuel Lopez Obrador on Thursday urged Argentina to accept a new $45 billion deal with the International Monetary Fund (IMF) instead of defaulting on its debt.

Reuters

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Reuters

IMF chief Georgieva says Ukraine war to lower global growth forecast

The war in Ukraine and massive sanctions against Russia have triggered a contraction in global trade, sending food and energy prices sharply higher and forcing the International Monetary Fund to lower its global growth forecast next month, IMF Managing Director Kristalina Georgieva said on Thursday.

The Independent UK

Argentina lawmakers take up contentious IMF refinancing deal

Argentina lawmakers have begun debating a bill needed to approve Argentina’s agreement with the International Monetary Fund on refinancing a $45 billion debt, while protesters opposed to the deal clashed with police outside the Congress building

Reuters

IMF chief says Africa vulnerable to higher food, fuel prices due to Ukraine war

Africa's economic outlook is particularly vulnerable to higher food and fuel prices prompted by Russia's invasion of Ukraine, as well as to reduced tourism revenues and diminished access to financial services.

Reuters

IMF approves $1.4 billion in emergency funding for Ukraine

The International Monetary Fund said its executive board on Wednesday approved $1.4 billion in emergency financing for Ukraine to help meet urgent spending needs and mitigate the economic impact of Russia's military invasion.

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Al Jazeera

Latest Ukraine updates: Kyiv mayor says half the city has fled

Russia-Ukraine news from March 10: Kyiv’s mayor says nearly two million people have left the capital since invasion.

Reuters

Explainer-Ousting Russia from WTO, IMF would mark end of an era

Amid the devastation of World War Two, the United States and its allies created the institutions that have governed the post-war global economic order, focused on rebuilding Europe, fighting poverty and bringing rivals together to work out trade disputes peacefully.

Reuters

IMF board to consider $1.4 billion in funding for Ukraine on Wednesday - Georgieva

The International Monetary Fund's executive board is poised to approve on Wednesday $1.4 billion in emergency funding for Ukraine to help it respond to Russia's invasion, IMF Managing Director Kristalina Georgieva said on Tuesday.

Reuters

Ukraine war adds to economic, social setbacks for women -IMF's Georgieva

The war in Ukraine has worsened a difficult period for women, who have seen major economic and social setbacks prompted by the COVID-19 pandemic, International Monetary Fund Managing Director Kristalina Georgieva told the U.N. Security Council on Tuesday.

The Hindu

Morning Digest | Government reassures students stranded in Ukraine’s Sumy; IMF says war in Ukraine will have ‘severe impact’ on global economy, and more

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

The Hindu

IMF says war in Ukraine will have ‘severe impact’ on global economy

The International Monetary Fund on Saturday said it expected to bring Ukraine's request for $1.4 billion in emergency financing to its board for approval as early as next week and was in talks about funding options with authorities in neighboring Moldova.

Asharq Al-Awsat

IMF: War in Ukraine Will Have 'Severe Impact' on Global Economy

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