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The Latest Breaking News from International Monetary Fund

IMF urges UK government to reconsider tax-cutting plans

International Monetary Fund says measures should target households worst affected by energy crisis and inflation

The Guardian - UK

IMF urges caution as oil-rich Guyana's economic growth nears 60%

Guyana's economic growth could reach close to 60% this year, the International Monetary Fund said in a statement on Tuesday, urging cautious policies even as the tiny South American nation benefits from surging oil production.

Reuters

Sri Lanka aims to have $2.9 billion IMF loan finalised in December - sources

Sri Lanka expects the International Monetary Fund board to approve a $2.9 billion loan by year-end, officials from the country's central bank told investors during a virtual presentation on Friday, sources participating in the event said.

Reuters

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Calls in Lebanon’s Parliament to Reach Solution with IMF

Chairman of the Finance and Budget Committee at the Lebanese parliament MP Ibrahim Kanaan called for holding constructive dialogue with the international community to reach an agreement with the International Monetary Fund (IMF) that takes into consideration the economic situation in Lebanon. He slammed the fees included in the country’s…

Asharq Al-Awsat

Pakistan PM says ‘all hell will break loose’ without debt relief

As Pakistan reels under unprecedented flood crisis, Shehbaz Sharif appeals for debt relief and more global aid.

Al Jazeera

Inflation, unrest challenge Bangladesh's 'miracle economy'

Bangladesh's economic miracle is under severe strain as fuel price hikes amplify public frustrations over rising costs for food and other necessities

The Independent UK

IMF's board seen backing 'food shock window,' aiding Ukraine and others

The International Monetary Fund's board is expected to approve a new "food shock window" in the next few weeks that will allow the global lender to provide emergency funding to Ukraine, the head of the fund's European department said on Thursday.

Reuters

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IMF criticizes Lebanese government over slow reforms

The International Monetary Fund says the Lebanese government’s slowness to implement desperately-needed reforms was exacerbating the country’s economic meltdown

The Independent UK

IMF Criticizes Lebanese Government over Slow Reforms

The International Monetary Fund on Wednesday said the Lebanese government's slowness to implement desperately-needed reforms was exacerbating the country's economic meltdown, even as officials met to discuss an urgent and long-delayed bailout. The IMF statement followed a three-day visit to Beirut of the fund's representatives to discuss with Lebanese officials…

Asharq Al-Awsat

Lebanon's progress in implementing reforms remains very slow - IMF

Lebanon's progress in implementing reforms required to unlock relief funds from the International Monetary Fund (IMF) remains very slow, the IMF said in a statement on Wednesday.

Reuters

On the run, Lebanese woman who stole own savings says she's not the criminal

On the run from authorities after forcing a bank to release her family savings at gunpoint to treat her cancer-stricken sister, 28-year-old Lebanese interior designer Sali Hafiz insists she is not the criminal.

Reuters

IMF Adamant on Linking Agreement with Lebanon to Reform Laws

Lebanese caretaker Economy Minister Amin Salam affirmed on Tuesday that the International Monetary Fund (IMF) delegation visiting Beirut this week carries a very clear message stressing an urgency that Lebanon approves and passes reform laws. “The IMF carries a very clear message, which is the urgency in approving these laws;…

Asharq Al-Awsat

Russia unable to veto work underway in multilateral bodies like G20, IMF - Treasury

Russia still belongs to the International Monetary Fund and the Group of 20 economies, but has been unable to veto work being done at such multilateral bodies in response to Russia's invasion of Ukraine, a senior U.S. official said on Tuesday.

Reuters

Exclusive-Ukraine calls for bespoke IMF and World Bank programmes

Ukraine will push for unprecedented and bespoke International Monetary Fund and World Bank packages worth tens of billions of dollars in the coming weeks to shore up its war-ravaged finances, the country's top debt management chief told Reuters.

Reuters

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The Independent UK

Lebanon aims to adopt long-delayed IMF reforms by October

Lebanon's caretaker economy minister says the crisis-hit country hopes to adopt key but long-delayed reforms demanded by the International Monetary Fund for an economic bailout before the end of next month if there is “political will.”

Reuters

U.S. Treasury official criticizes China's 'unconventional' debt practices

A top adviser to U.S. Treasury Secretary Janet Yellen warned on Tuesday that China's foot-dragging on debt relief could burden dozens of low- and middle-income countries with years of debt servicing problems, lower growth and underinvestment.

Reuters

IMF's Georgieva: 'excellent' meeting with Argentina's president

International Monetary Fund (IMF) chief Kristalina Georgieva said on Monday she had an "excellent" meeting with Argentina's President Alberto Fernandez in New York.

Asharq Al-Awsat

Beirut Protesters Demand Release of Bank Heist Detainees

Protesters scuffled with Lebanese security forces Monday outside the Justice Ministry in Beirut, demanding the release of two people arrested last week during a bank heist. The clash came as a delegation from the International Monetary Fund held meetings in Beirut with officials over the country’s economic meltdown and the…

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Reuters

IMF staff back $4 billion tranche for Argentina, praise 'decisive' steps

The International Monetary Fund (IMF) has reached a staff-level agreement on Argentina's $44 billion extended fund facility arrangement, which should unlock nearly $4 billion in funds for the country, the lender said on Monday.

Asharq Al-Awsat

Tunisia Hopes to Reach Deal with IMF By End of October

Tunisia hopes to reach an agreement with the International Monetary Fund by the end of October, the government's spokesperson said on Friday, after a wage deal agreed with unions was seen as a key step towards getting IMF support. "The Tunisian negotiating team was in contact yesterday with (the) IMF…

Bangkok Post

Asian markets sell off amid recession worries

RECAP: Asian markets sold off sharply on Friday and Europe followed as investors braced for a hefty US rate hike next week amid growing concerns of a global recession following warnings from the World Bank and the International Monetary Fund.

Reuters

Tunisia hopes to reach deal with IMF before the end of next month

Tunisia hopes to reach an agreement with the International Monetary Fund before the end of next month, after it agreed a wage deal, the government spokesperson said on Friday.

The Guardian - UK

Lenders urged to cancel Zambia debt as country faces economic collapse

Economists accuse bondholders of standing to make huge profits at the expense of the crisis-hit country

Reuters

IMF plans in-person mission to start talks with Ukraine with support - spokesperson

The International Monetary Fund could provide about $1.4 billion in emergency aid to Ukraine almost immediately if its executive board approves a new "food shock window" that was discussed informally earlier this week, an IMF spokesperson said.

The Conversation

William Ruto is now in charge of Kenya’s shaky economy: where to start

Kenya’s President William Ruto, sworn in as new President on 13 September 2022, has inherited an economy saddled with debt, inflation, joblessness and national pessimism. The International Monetary Fund has also added to his pain: it recently asked Kenya to broaden its tax base and scrap the fuel subsidy.

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