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The Latest Breaking News from International Monetary Fund

Inflation and Omicron will dent world growth in 2022, says IMF

Global growth downgraded to 4.4% as body predicts especially marked slowdown for US and China

The Guardian - UK

UK growth outlook cut as Omicron and supply chain troubles bite, says IMF

The International Monetary Fund has downgraded its UK growth forecast for 2022 to 4.7%, from the 5% predicted in October.

The Independent UK

IMF cuts India's GDP forecast to 9% for FY22

NEW DELHI: The International Monetary Fund (IMF) on Tuesday slashed India's economic growth forecast for financial year 2021-22 to 9 per cent on concerns over impact of new Covid variant.

The Times of India

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UK factories plan price hikes; IMF backs support over energy prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Pfizer launches Omicron vaccine trial; UK reports highest daily deaths since February – as it happened

Company hopes vaccine will be ready for approval by March; UK reports 439 deaths and more than nearly 95,000 cases

The Guardian - UK

IMF to meet with all Chad's creditors by end of January - spokesperson

The International Monetary Fund will present an updated macroeconomic framework to all of Chad's creditors by the end of January, an IMF spokesperson said on Monday, amid pressure for creditors to finalize a debt restructuring plan with the African country.

Reuters

Lebanese Cabinet Meets after Hiatus, amid Friction over Budget

The Lebanese cabinet met on Monday for the first time since October, convening after Iranian-backed Hezbollah ended a boycott but with the powerful group and others objecting to a draft budget that was the main agenda item. With Lebanon mired in one of the world's sharpest financial crises, Prime Minister…

Asharq Al-Awsat

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Lebanese cabinet meets after hiatus, amid friction over budget

Reuters

Lebanon's government holds budget meeting, 1st in months

Lebanon’s government is holding its first meeting in three months to discuss the budget as talks with the International Monetary Fund over the country’s economic meltdown were poised to continue

The Independent UK

We can afford to reverse poverty and climate breakdown. What we can’t afford is the alternative

Our global finance system is failing to rise to the challenges we face. It’s time it was reimagined – and grounded in our shared humanity

The Guardian - UK

Lebanon to Start Virtual Talks with IMF Next Week

Lebanese officials will start talks with the International Monetary Fund on Monday, an official government source told Reuters. An IMF spokesperson also told Reuters on Saturday that a team will start virtual talks with Lebanese authorities next week. The Lebanese government has said it hopes to reach an initial agreement…

Asharq Al-Awsat

Saudi Finance Minister: Governments Should Allocate Budget for Crisis, Risk Management

Saudi Minister of Finance Mohammed Al-Jadaan has said that governments should study long-term solutions, such as allocating budgets for risk and crisis management worldwide. In the “Building Future Preparedness” panel, during the World Economic Forum, Al-Jadaan added that the G20 represents 80% of the world.

Asharq Al-Awsat

IMF warns China over cost of Covid lockdowns

Hardline approach to pandemic risks damaging global economy, says Kristalina Georgieva

The Guardian - UK

Lebanon’s draft budget heaps even more pain on the poor

Bulk of state funding will come from regressive policies, according to a 2022 draft budget shared with Al Jazeera.

Al Jazeera

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The Guardian - UK

FTSE 100 posts biggest fall in eight weeks; UK retail sales hit by Omicron – as it happened

Rolling coverage of the latest economic and financial news

Reuters

IMF says Chad debt plan needed by end-March as conditions worsen

The International Monetary Fund said on Tuesday that public and private creditors need to finalize a debt restructuring plan with Chad by the end of March to restore durable growth amid worsening conditions in the African country.

Asharq Al-Awsat

Report: Lebanese Cabinet to Meet Next Week after Three-Month Gap

Lebanon's cabinet will hold its first meeting in three months on Jan.

Reuters

Lebanese cabinet to meet next week after three-month gap, Al Jadeed TV says

Lebanon's cabinet will hold its first meeting in three months on Jan. 24, a Lebanese television channel reported on Monday, after a gap in which the country's economic crisis has deepened and efforts to revive talks with the IMF have stalled.

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