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The Latest Breaking News from Fund

IMF Cuts Global Growth Outlook, Warns High Inflation Threatens Recession

The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked. Global real GDP growth will slow to 3.2% in 2022 from a…

Asharq Al-Awsat

Injured, Sick, Widowed, and Sued

Cities are filing lawsuits to claw back first responders’ hard-won workers’ compensation.

Texas Observer

IMF says it expects Ukraine to keep paying debt despite default speculation

The International Monetary Fund expects Ukraine to continue to service its foreign debt, an IMF spokesman said on Thursday as speculation grows that Kyiv could default on its debt as its battle against Russia's invasion rages on.

Reuters

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IMF calls for quick creditor agreements on Chad, Ethiopia, Zambia debts

The International Monetary Fund on Thursday called on creditor committees for Chad, Ethiopia and Zambia to quickly reach agreements with authorities to restructure the countries' debts, saying this could unlock IMF financing programs and disbursements for them.

Reuters

A dystopian or utopian future? Claire G. Coleman's new novel Enclave imagines both

I was reading Noongar author Claire G. Coleman’s third novel, Enclave, a few days after the US Supreme Court overturned the Roe v Wade judgement, a political victory for a conservative project many years in the making.

The Conversation

Why Ghana has returned to the IMF

Hundreds took to the streets of Ghana's capital Accra last week to protest over its deteriorating economy. Days later, the government of one of West Africa's most prosperous nations announced it would begin formal talks with the International Monetary Fund (IMF) for support.

Reuters

Get ready to pay more tax for NHS as we live longer, warns ex-Health Secretary

Commons Health and Social Care Select Committee chairman Jeremy Hunt believed extra funds will be needed for the health service

Daily Mirror

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20 Projects to Boost Saudi Arabia’s Cultural Creative Scene

Saudi Arabia’s cultural and creative scene is bracing for 20 new projects and initiatives widening its horizons.

Asharq Al-Awsat

Some IMF staff work 'unduly influenced' despite strong safeguards - report

Nearly 20% of International Monetary Fund staff say their work has been "unduly influenced" by supervisors, according to an internal survey released on Thursday as part of a review of data integrity standards that generally found "robust mechanisms" for institutional governance.

Reuters

IMF: Overall Saudi GDP Projected to Grow 7.6%

The International Monetary Fund (IMF) has highlighted solid indicators for the Saudi economy, expecting a 7.6 percent overall GDP growth in 2022. Non-oil growth will increase to 4.2 percent in 2022, with the current account surplus will increase to 17.4 percent of GDP in 2022, said the Fund experts. An…

Asharq Al-Awsat

OPEC Fund Considers Issuing $1Bn Bonds

OPEC Fund for International Development (OFID) is considering issuing its first financial bonds this year in global markets, amounting to one billion dollars, announced the Director General, Abdulhamid al-Khalifa. Speaking to Asharq Al-Awsat on the sidelines of the Islamic Development Bank Group (IsDB) meeting in Sharm el-Sheikh, Khalifa explained that…

Asharq Al-Awsat

6 Million Yemenis Benefit from Yemen Humanitarian Fund

The Yemen Humanitarian Fund (YHF) helped to address the needs of around 6 million people in Yemen, which remains one of the world’s worst humanitarian crises, the Fund’s 2021 Annual Report revealed. “The funding made it possible to allocate more than $109 million to support almost 5.8 million people in…

Asharq Al-Awsat

Cultural Development Fund Is Strategic Partner for FII Institute

The Cultural Development Fund signed a strategic partnership agreement with the Future Investment Initiative (FII) Institute, reported the Saudi Press Agency on Thursday The agreement was signed during its first international summit in London, entitled "Social, Environmental and Comprehensive Corporate Governance in Emerging Markets". It aims to activate the Fund's…

Asharq Al-Awsat

Saudi Arabia to Import Agricultural Products to Boost Strategic Stocks

Saudi Arabia's Agricultural Development Fund signed a number of financing contracts to import agricultural products worth SAR 367 million riyals ($ 97 million) in a move aimed to promote the Kigdom's food security initiative and strengthen the strategic stock, The Saudi Food Abundance Committee, emanating from the Food Security Committee,…

Asharq Al-Awsat

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WEKU

Tina Kotek's win comes amid a wave of LGBTQ candidates running for office

Kotek won her state's Democratic primary on Tuesday. If she wins the general election later this year, she will become the country's first openly lesbian governor.

Asharq Al-Awsat

IMF Projects GCC Growth to Accelerate to 6.4%

The International Monetary Fund (IMF) said the Russian invasion of Ukraine is significantly affecting the growth prospects of the developing economies in the Middle East and North Africa (MENA), while oil-exporting countries benefit from higher crude prices. In its "Regional Economic Outlook: the Middle East and Central Asia," the IMF…

Asharq Al-Awsat

Ukraine War to Curb Central Asian Economy, Oil Cushions Middle East, Says IMF

The war in Ukraine will sharply reduce economic growth in the Central Asian region in 2022, although higher oil prices will lessen the impact for the Middle East and North Africa, the International Monetary Fund said on Wednesday. Both regions will still feel the effect of surging commodity prices, and…

Sports Illustrated

This Is Not the Notre Dame of Old

New coach Marcus Freeman has quickly changed the culture and recruiting tactics in South Bend.

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Reuters

World Bank readies Sri Lanka aid package, IMF calls loan talks 'fruitful'

The International Monetary Fund said on Saturday it held "fruitful technical discussions" with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country.

Reuters

IMF steering committee skips communique after Russia blocks war language

Russia's refusal to agree to strong language condemning its war in Ukraine prevented the steering committee of the International Monetary Fund from issuing a formal communique during its meeting this week, the chair of the committee said on Thursday.

The Guardian - UK

IMF tells governments to protect vulnerable people when tackling Covid debt

Analysis: Fund’s world economic outlook highlights need to protect people such as refugees

The Guardian - US

Will Biden ever stand up to the IMF’s abuses of power?

The IMF claims to deliver stability, strength, and solidarity. Its record shows the opposite

Reuters

Bulgaria's growth prospects dented by war in Ukraine -IMF

The war in Ukraine is likely to hit Bulgaria's economic growth, speed up inflation and could pose credit risks, the International Monetary Fund said on Friday.

Asharq Al-Awsat

Kuwait’s Development Fund: Sri Lanka’s Debt is ‘Sovereign,’ Can’t Be Canceled

The Kuwait Fund for Arab Economic Development (KFAED) affirmed on Wednesday that the debts other countries owe it are “sovereign.” It referred to Sri Lanka’s announcement of defaulting on its $51 billion external debt. The Fund is one of the entities that lend to the Sri Lankan government, which has…

Wales Online

Cash for the poorest areas will be diverted to wealthier regions in UK government's replacement for EU structural funds

The UK's replacement for EU structural funds will divert much of the money away from the poorest areas

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