The Latest Breaking News from International Monetary Fund

The International Monetary Fund (IMF) said on Thursday it had reached a draft funding agreement with Lebanon - but that Beirut needed to enact a batch of economic reforms first before its board decided whether to approve the deal.

The rupee hit 188.14 to the US dollar as the country’s top court prepared to deliver a verdict.

NEW DELHI: India has averted the rise in extreme poverty through the food security scheme, Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), according to the International Monetary Fund report.

Over 40 MPs including from allies of ruling SLPP alliance sat as a separate block

Experts have warned that the pandemic could ‘reverberate’ around the world for years to come.

Rodrigo Chaves was an unheralded economist in his native Costa Rica until a series of personal setbacks propelled him into a brief, ill-fated spell in government, then into the race for the presidency, which he won on Sunday.

IMF's first deputy MD Gita Gopinath warned that the Western sanctions on Russia could create small currency blocs based on trade between separate groups of countries, the Financial Times reports. All of which could gradually dilute the dominance of the U.S. dollar leading to a more fragmented international monetary system. Gopinath…

Lebanon's Cabinet on Wednesday approved a long-delayed draft capital control law that still requires final approval from parliament amid a worsening financial crisis now in its third year, Information Minister Ziad Makari said in televised remarks following the session. Formal capital controls are a policy recommendation of the International Monetary…

The country’s current situation is due to misguided policies and flawed external advice