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The Latest Breaking News from the International Monetary Fund

Four years into crisis, Lebanon's leaders hope tourism boom will help bypass reforms in IMF bailout

Lebanon's political elites are pushing a recovery plan for the country's financial collapse that would allow them to sidestep tough reforms demanded by the International Monetary Fund

The Independent UK

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says

Chinese Vice Premier He Lifeng says Beijing has invested $25.4 billion dollars in Pakistan in the past ten years under the China-Pakistan Economic Corridor, or CPEC package

The Independent UK

UK to be second worst economy in the G7, says IMF

The UK is expected to be the second slowest-growing economy in the G7 this year, the International Monetary Fund has said, despite a major upgrade…

The National (Scotland)

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IMF revises India’s GDP growth forecast to 6.1% for FY24

NEW DELHI: The International Monetary Fund (IMF) on Tuesday slightly upgraded its global growth outlook for this year on Tuesday, attributing it to resilient economic activity in the first quarter. However, the IMF also cautioned about persistent challenges that could dampen the medium-term outlook.

The Times of India

UK to be second worst economy in the G7 in 2023 despite upgrade, says IMF

The International Monetary Fund said it expects UK output to grow by 0.4% this year.

Evening Standard

IMF deposits much-awaited $1.2 billion with Pakistan's central bank under bailout, minister says

Pakistan's finance minister says the International Monetary Fund has deposited the much-awaited first installment of $1.2 billion with the country's central bank under a new bailout deal

The Independent UK

IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt

The International Monetary Fund has approved a much-awaited $3 billion bailout for Pakistan, the global lender said, a move that’s likely to save the impoverished Islamic nation from defaulting on its debt repayments

The Independent UK

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Saudi Arabia deposits $2 billion in Pakistan's central bank as a boost ahead of a key IMF meeting

Saudi Arabia has deposited $2 billion into Pakistan’s central bank, a much-needed financial boost ahead of a critical meeting of the International Monetary Fund on the new bailout package for the cash-strapped South Asian country

The Independent UK

China's Gen Z graduates fear they have 'blank paper' diplomas as youth unemployment hits a record 20% and the economy chokes on anemic growth

Millions of fresh college graduates and early career professionals in China face daunting prospects amid a cooling economy.

Fortune

The IMF agrees to a long-awaited bailout for Pakistan of $3 billion

The International Monetary Fund has agreed to provide $3 billion to Pakistan — a long-awaited relief to bail out the impoverished country’s ailing economy

The Independent UK

Pakistan's premier says he hopes the IMF will decide on the bailout for his country in a day or two

Pakistan’s prime minister says he hopes the International Monetary Fund will make its decision in a day or two on the fate of the much-needed $6 billion bailout package for his country

The Independent UK

Pakistan's premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default

Officials say Pakistan’s Prime Minister Shahbaz Sharif has met with the head of the International Monetary Fund in Paris on the sidelines of the global financing summit in a last-ditch effort to unlock a $6 billion bailout package to help avoid a default

The Independent UK

Paris summit aims to shake up the financial system. It will test leaders' resolve on climate

Heads of state, finance leaders and activists are converging in Paris to seek ways to overhaul the International Monetary Fund and World Bank and usher the global development banks into a post-pandemic world with a rapidly changing climate

The Independent UK

Gold fraud: the Goldenberg scam that cost Kenya billions of dollars in the 1990s – and no one was jailed

The Goldenberg scandal in the early 1990s is Kenya’s largest documented gold fraud. The scheme involved Goldenberg International Limited, which pretended to export gold and diamonds, and in exchange received substantial subsidies from the government for “earning” foreign exchange. Kenyan businessman Kamlesh Pattni – who was at the centre of…

The Conversation

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The Independent UK

IMF head welcomes Europe's interest rate hikes in campaign against inflation

The head of the International Monetary Fund has praised the European Central Bank’s decision to raise interest rate for the eighth time in a row

The Independent UK

IMF slams new Pakistan budget proposal, says government failing to implement a more fair tax system

The International Monetary Fund has slammed Pakistan’s government over its proposal for the new annual budget, saying it failed to implement a more fair tax system in the draft

Bangkok Post

Time for an Asian Monetary Fund

Although the International Monetary Fund (IMF) has long been the most prominent global institution for promoting financial stability, calls to create regional alternatives are growing louder.

Al Jazeera

Why is the EU offering Tunisia a financial assistance package?

The EU hopes to stem the number of refugees departing for Europe from the country’s coast during an economic crisis.

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Reuters

Pakistan's Prime Minister hopeful for deal with IMF this month

Pakistani Prime Minister Shehbaz Sharif is hopeful of finalising a deal with the International Monetary Fund (IMF) this month, he said in an interview with Turkish news agency Anadolu.

Reuters

Italy PM hopes trip to Tunisia may unblock IMF loan, sources say

Italian Prime Minister Giorgia Meloni will travel to Tunisia on Tuesday looking to make progress in unblocking loans from the International Monetary Fund (IMF) for the north African state, two diplomatic sources told Reuters.

The Independent UK

IMF says Sri Lanka's economic recovery shows signs of improvement but challenges remain

The International Monetary Fund says that debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recovery still faces challenges

Al Jazeera

Despair in Ettadhamen: The harsh reality of Tunisia’s economy

‘This … system, goes back to the beys who needed to keep their courtiers happy to maintain their rule’, analyst says.

The Conversation

Ghana and the IMF have struck a deal, but hard choices lie ahead

In mid-May 2023 the International Monetary Fund (IMF) finally approved a US$3 billion 36-month arrangement with Ghana. It immediately disbursed the first tranche of US$600 million.

Reuters

IMF reaches staff agreement on Ukraine loan review; will enable $900 million disbursement

The International Monetary Fund said on Tuesday that it has reached a staff-level agreement with Ukraine for the first review of the war-torn country's $15.6 billion IMF loan program, which would allow for a $900 million disbursement to Kyiv upon approval by the IMF Executive Board.

Bangkok Post

A world of debt is in need of more flexibility

Recent headlines seem to augur a global debt crisis. The US is teetering on the precipice of a self-inflicted default. Egypt, Ghana, Pakistan, and other countries face grave financial difficulties. And the Chinese are delaying or hampering multilateral efforts to restructure low- and middle-income countries' debt.

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