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The Latest Breaking News from International Monetary Fund

India extends additional $500 million credit line to Sri Lanka for purchasing fuel

Sri Lanka needs at least $4 billion to tide over its mounting economic woes.

The Hindu

Lebanon Banking Group Rejects Latest Draft of Financial Recovery Plan

The Association of Banks in Lebanon said on Saturday it "completely rejects” the government’s latest draft of a financial recovery plan meant to pull the country out of an economic meltdown. In a statement shared with Reuters, the ABL called the plan "disastrous” and said it would leave banks and…

Asharq Al-Awsat

Global economy: Back to the Valley of Death

Since the global economic crisis that originated in the United States 14 years ago, the world economy has faced regular bouts of volatility. Massive capital injections helped the US economy recover from the initial shock in 2008, but also pushed other economies with structural problems, including some in Europe, into…

Bangkok Post

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World Bank, IMF, WTO leaders urge quick action on action plan to address food security

The leaders of the International Monetary Fund, World Trade Organization and the World Bank on Friday called for quick work on a new action plan on food security to be prepared by international financial institutions.

Reuters

Ukraine latest: Russia's second phase aims for full control of Ukraine's south and corridor to Moldova, commander says

A deputy commander says Russia plans to take full control of Donbas and southern Ukraine, improving access to Moldova and a pro-Russian breakaway region Kyiv fears could be used to launch fresh attacks.

ABC News

Russia-Ukraine war latest: UN secretary general set to meet Putin and Zelenskiy – as it happened

Invasion of Ukraine ‘intended only as a beginning’, president says, as Moldova summons Russian ambassador over military commander’s comments on breakaway region

The Guardian - UK

China's bid for influence in Asia does not stop with Solomon Islands. This is how Beijing gained a foothold in Sri Lanka

While Australian and US officials express shock and disappointment over Beijing's deal with Solomon Islands, China has been making diplomatic and economic inroads across the region for years.

ABC News

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Biden announces heavy artillery, other weapons for Ukraine

The aid, Biden said, will be sent “directly to the front lines of freedom.”

Chicago Sun-Times

IMF steering committee skips communique after Russia blocks war language

Russia's refusal to agree to strong language condemning its war in Ukraine prevented the steering committee of the International Monetary Fund from issuing a formal communique during its meeting this week, the chair of the committee said on Thursday.

Reuters

UK and Canada protest Russia's 'perverse' participation in IMF meeting

British Finance Minister Rishi Sunak and his Canadian counterpart Chrystia Freeland walked out of an International Monetary Fund (IMF) meeting in Washington to protest the invasion of Ukraine when Russia's delegate spoke on Thursday, a British finance ministry spokesperson said.

Reuters

IMF steering committee forgoes communique due to Russian objections

Reuters

US to provide $500 million more in financial aid to Ukraine

The United States will provide $500 million more in financial assistance for Ukraine to sustain critical government operations as it fends off the Russia invasion

The Independent UK

Is Coterra Energy a Good Oil & Gas Stock to Invest In?

Rallying oil and gas prices amid a tight supply outlook has helped Coterra Energy (CTRA) register solid gains. However, considering the International Monetary Fund's (IMF) bearish global economic growth outlook, is CTRA well-poised to maintain its gains? Keep reading to learn our view.

StockNews.com

Crypto Miner BitRiver Sanctioned By US Over Russian Operations: Bloomberg

The U.S. Treasury Department sanctioned crypto mining firm BitRiver, targeting one of the industry’s top data-center service providers over its operations in Russia, Bloomberg reported. The Swiss-based company BitRiver provides Bitcoin miners worldwide with energy sources, mining facilities, and large-scale management solutions, including those in Eastern Europe and Russia. Treasury announced…

Benzinga

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The Guardian - UK

Elon Musk secures $46.5bn as he prepares hostile bid for Twitter – as it happened

Tesla boss could take his takeover offer directly to shareholders, bypassing the Twitter board, as World Bank chief warns of ‘human catastrophe’ from food crisis

Al Jazeera

IMF chief warns of global risks from prolonged China slowdown

Kristalina Georgieva says Beijing has room to take measures to support world’s second-biggest economy.

The Hindu

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 Independent UK

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

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Al Jazeera

Timeline: Week eight of Russia’s war in Ukraine

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

Benzinga

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.

France 24

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…

Benzinga

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.

Asharq Al-Awsat

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…

The Guardian - UK

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

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