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The Latest Breaking News from Fund

IMF Chief Georgieva Sole Candidate In Reelection Process

The International Monetary Fund confirmed Thursday that its current managing director is the only candidate to lead the global financial institution once her first term expires later this year.

International Business Times

IMF Chief Georgieva Says 'Available To Serve' For Second Term

The managing director of the International Monetary Fund has told AFP she is making herself "available to serve" for a second five-year term running the Washington-based financial institution, shortly after she received the backing of European finance ministers.

International Business Times

Ensure Pakistan does not divert loans to foot defence bills: India to IMF

India pushes for stringent monitoring of IMF funds to Pakistan, ensuring they're not used for defense or debt repayment.

The Hindu

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Are States getting funds they are entitled from the Centre?

Agitations by Kerala and Karnataka governments highlight fiscal federalism issues in India, urging 16th FC to address inequalities.

The Hindu

The current global order — a fraying around many edges

Reform is essential when it comes to the United Nations, but given the divisions, cosmetic changes may not be enough

The Hindu

IMF Forecasts China's GDP Growth to Slow to 4.6% by 2024

The International Monetary Fund (IMF) projects China's GDP to slow to 4.6% in 2024 and potentially decline further in the medium term. Find out more.

Top News

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UK Government's Conflict, Stability and Security Fund (CSSF) Bolsters Global Security with Record Investments

The CSSF, led by the Cabinet Office, addresses threats to UK national security emanating from overseas, focusing on conflict, transnational threats and hostile state activities.

International Business Times UK

UK Government Says Nature Fund Added Over 2,500 Green Jobs to the UK Environment Sector

The UK government has revealed how its Green Recovery Challenge Fund helped add more green jobs and saved hectares of land across the UK through 150 environmental projects.

International Business Times UK

Humza Yousaf announces £2m loss and damage funding for vulnerable countries at COP28

HUMZA Yousaf has announced a further £2 million in funding for loss and damage caused by climate change in marginalised communities at COP28.

The National (Scotland)

Ray Dalio slams 'tragedy' of a New York Times journalist's shocking book about him, claiming he was a Bridgewater reject who wrote 'fiction, created as fact'

“When truth gets mixed with fiction by journalists, the country has a problem,” the founder of the world’s largest hedge fund said at Fortune's Global Forum in Abu Dhabi.

Fortune

In A Bid To Save The Ocean, Monaco Holds Wealth Funds Closed Door Meeting

The gathering committed to driving forward efforts on ocean and wider preservation of the environment

Zenger

India extends support amounting to USD 246,852.71 to enhance flood resilience in Suriname

India has extended support amounting to USD 246,852.71 for project aimed at bolstering early flood warning services to communities in Suriname. Read further on Dynamite News :

Dynamite News

Harry and Meghan make surprise phone calls to young leaders in the US

Royal couple congratulated the recipients of the first-ever Responsible Technology Youth Power Fund grants

The Independent UK

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Radio France Internationale

French minister Schiappa quizzed by Senate over 'Marianne Fund' payments

During three hours of grilling by a Senate committee, the minister for the social economy and associations, Marlène Schiappa, denied Wednesday that she had favoured the main beneficiary of the "Marianne Fund" an entity she helped set up in the spring of 2021.

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.

Woman & Home

Princess Anne’s fiery response to the UK Foreign Office in the 1980s proved she was always going to be a strong presence

Nothing was going to stop Princess Anne from carrying out her work – not even the British Government

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.

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The National (Scotland)

Scheme to help community land ownership receives major funding boost

A FLAGSHIP scheme that helps communities to take ownership of local land and buildings has received a £1 million funding boost.

France 24

‘Ghana beyond aid’ no longer: West Africa’s former model student forced to turn to IMF

Formerly praised for its stability and good governance, Ghana has been facing a severe economic crisis since the onset of the Covid-19 pandemic and the war in Ukraine. To prevent Accra from defaulting on its debt, the International Monetary Fund (IMF) on Wednesday approved a $3 billion loan in exchange…

Reuters

Pakistan's external financing requirements for IMF deal unchanged - IMF

Pakistan's external financing requirements have not been changed in talks with the International Monetary Fund (IMF) over bailout funds, the IMF Resident Representative in Pakistan said, denying local media reports that the Fund was seeking fresh financing.

Asharq Al-Awsat

Total Issuance of Green Bonds, Sukuk by Arab Countries Hits 5.5 Bln in 2022

The Arab Monetary Fund announced that green bond and sukuk issuance by Arab countries related to sustainable activities, whether publicly or privately offered, amounted to approximately $5.5 billion in 2022. The Fund said it pays close attention to the priority issues of financial sector development, particularly with regard to the…

Bangkok Post

Schizophrenia being displayed at the IMF

It has taken far too long, but it seems that the International Monetary Fund has finally internalised some hard truths about sovereign-debt reduction. Chief among them is that growing economies have an easier time repaying. As such, fiscal consolidation -- the organisation's favoured strategy -- undermines efforts to reduce debt-to-GDP…

Asharq Al-Awsat

IMF Warns: MENA Region Faces 4 Challenges

Growth of the real GDP in the Middle East and North Africa (MENA) region is projected to slow this year to 3.1 percent from 5.3 percent in the previous year, announced Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour. Azour added…

The Guardian - AU

IMF expects Australia’s economy to slow amid ‘perilous’ international pressures

International Monetary Fund forecast echoes predictions from Treasury and RBA and warns ‘ominous forces’ may be behind global economic strains

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