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The Latest Breaking News from the International Monetary Fund

New fears Brexit has ‘drained life out of UK economy’ following IMF report

The International Monetary Fund’s July report warns ‘the global economy is in a sticky spot’ with the UK lagging behind most other major economies

The Independent UK

IMF's economic view: Brighter outlook for China and India but tepid global growth

The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

The Independent UK

Pakistan Reaches $7 Bn Aid Deal With IMF

The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.

International Business Times

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The IMF is failing countries like Kenya: why, and what can be done about it

The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a rapidly changing global political economy.

The Conversation

Kenyan president withdraws tax bill after violent protests leave 23 dead

Police in Kenya brace for more protests as calls for Ruto’s resignation grows

The Independent UK

IMF suggests taxing CO2 emissions caused by AI

Noting its potentially negative impacts on the labor force, the IMF is prepared to explore restrictions on AI, including taxation.

TechRadar

Mauritius’ next growth phase: a new plan is needed as the tax haven era fades

Mauritians will head to the polls by November 2024 and politicians are considering the economic direction of the island country.

The Conversation

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Situation in Sudan's El Fasher a 'disaster', former MSF chief warns

In tonight's edition: As the World Health Organization warns of the prospect of mass starvation in war-stricken Sudan, we speak to the former director of Médecins Sans Frontières about the devastation being wrought on the Darfuri city of El Fasher. Also, as Ghana moves a step closer to unlocking millions…

France 24

Russia test: Will Pakistan attend the Ukraine peace summit?

Pakistan insists it has stayed neutral on Russia’s war on Ukraine. But it now faces a difficult choice.

Al Jazeera

Fiscal tussle: who will win the battle to put up taxes the least?

The Conservatives and Labour are embroiled in a fight to woo voters with promises to keep rates of tax low

The Guardian - UK

IMF Upgrades China's Economic Forecast, Calls For Consumer-Friendly Reforms

IMF upgrades China's growth forecast to 5%, emphasizing consumer-friendly reforms for sustained high-quality growth. Risks ahead include declining growth r...

Top News

Stock Index Futures Plunge as Bond Yields Climb on Rate Fears, U.S. Inflation Data Awaited

June S&P 500 E-Mini futures (ESM24) are down -0.53%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.58% this morning as U.S. Treasury yields continued to rise following weak debt auctions, resilient consumer confidence data, and hawkish comments from a Federal Reserve official, while investors braced for key U.S.…

Barchart

Stock Index Futures Plunge as Bond Yields Climb, U.S. Inflation Data Awaited

June S&P 500 E-Mini futures (ESM24) are down -0.58%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.65% this morning as U.S. Treasury yields continued to rise following weak debt auctions and hawkish comments from a Federal Reserve official, while investors braced for key U.S. inflation data later this…

Barchart

IMF upgrades its forecast for China's economy, but says reforms are needed to support growth

The International Monetary Fund has upgraded its forecast for China's economy, while warning that reforms are needed to sustain growth

The Independent UK

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International Business Times

IMF Lifts China Growth Forecast But Warns On Industrial Policy

The International Monetary Fund on Wednesday raised its yearly growth forecast for China, but warned that Beijing's industrial policy risks a "misallocation" of resources and could harm trade.

International Business Times

IMF Cautions On Timing Of UK Rate Cut

The International Monetary Fund on Tuesday said the Bank of England should be mindful over when to start cutting interest rates or risk harming an economy recently out of recession.

International Business Times

Maldives Gets IMF Debt Warning As More Chinese Loans Loom

Since winning office last year, President Mohamed Muizzu has reoriented the atoll nation -- known for its upmarket beach resorts and celebrity vacationers -- away from traditional benefactor India and towards Beijing.

The Guardian - UK

World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say

Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect

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Top News

IMF Urges Italy And France To Cut Spending, Germany To Invest

IMF advises Italy and France to cut spending, while urging Germany to increase fiscal stimulus measures to address economic challenges in Europe.

Top News

IMF Warns Of Stubborn Inflation And Rising Government Debt

IMF chief raises concerns about global economy resilience, focusing on inflation, debts, and productivity challenges.

Radio France Internationale

Climate finance and debt relief loom large at World Bank, IMF meetings

The urgent issues of climate financing and global inequality will underpin this week’s spring meetings of the World Bank and the International Monetary Fund – coming amid growing calls for a shake-up of those institutions to avoid a climate-driven “economic catastrophe”.

AAP

Budget clouded by global wars and weak economic growth

Treasurer Jim Chalmers will use talks in Washington to take the temperature of the global economy as he puts the finishing touches on his third federal budget.

Top News

US Treasury Notes Progress In Multilateral Bank Reforms

US Treasury acknowledges progress in IMF and World Bank reforms, emphasizing the need for ongoing improvements in multilateral financial institutions.

International Business Times

Debt And Climate Back On IMF, WB Spring Meetings Agenda

The spring meetings of the International Monetary Fund and the World Bank are due to open Tuesday, with two clear objectives: help countries combat climate change, and assist the most indebted nations.

Top News

IMF, World Bank, And IDB Reports Signal Expanded Lending Potential

IMF, World Bank, and IDB reports emphasize increasing emergency capital to support countries in responding to crises and promoting sustainable development.

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