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The Latest Breaking News from International Monetary Fund

Ukraine war Hits world economy like an earthquake, IMF head says

The war in Ukraine is like a powerful earthquake that will have ripple effects throughout the global economy, especially in poor countries, according to the head of the International Monetary Fund.

Tribune News Service

Argentina's Senate gives thumbs up to $45 billion IMF debt deal

Argentina's Senate voted late on Thursday to approve a $45 billion debt deal with the International Monetary Fund (IMF), converting the agreement into law and ensuring that the economically battered country can avoid another messy default.

Reuters

Argentina's debt deal with IMF gets final legislative OK

Argentina’s Senate has given final legislative approval for President Alberto Fernández’s administration to refinance the government's $45 billion debt with the International Monetary Fund and avoid a default

The Independent UK

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IMF Staff to Visit Tunisia for Talks on Possible Financing Program

A small team of International Monetary Fund staff will visit Tunisia later this month for further discussions about a possible IMF-supported financing program, the global lender said on Thursday, citing good progress in discussions to date. IMF spokesperson Gerry Rice said the visit came after several months of consultations with…

Asharq Al-Awsat

More Isolation For Russia as IMF Board Suspends Russian Representative Role: FT

Amid Russia's ongoing military operations in Ukraine, International Monetary Fund (IMF) executive board has temporarily suspended the ceremonial role of dean held by Russian representative Aleksei Mozhin, Financial Times reported. The role of dean, held by Aleksei Mozhin since 2015, is the longest-serving Director. He came to the IMF in 1992…

Benzinga

Poor the hardest hit in Latam by Russia's Ukraine invasion -IMF

The poorest will be the hardest hit across Latin America and the Caribbean by the economic fallout from Russia's invasion of Ukraine, with the region facing further inflationary pressure, a senior official at the International Monetary Fund said on Wednesday.

Reuters

Sri Lankan leader seeks IMF help as economic crisis deepens

Sri Lanka’s president says his government is in discussions with the International Monetary Fund, other agencies and countries on deferring loan repayments

The Independent UK

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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

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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Reuters

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.

The Guardian - UK

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

France 24

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…

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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…

Reuters

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

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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