The Latest Breaking News from International Monetary Fund

Ghana's debt makes development impossible: here are some solutions

By the year 2000, the government of Ghana had borrowed so much that the country was in debt distress. It then subscribed to the Heavily Indebted Poor Countries initiative of the International Monetary Fund and World Bank. Consequently, much of the country’s external debt of over US$4 billion was written…

The Conversation · Feb 20, 2022

Tunisia Meets the IMF: What's at Stake?

Tunisia and the International Monetary Fund are in preliminary talks, with an eye on a potential multi-billion-dollar rescue deal for an economy plagued by recession, public debt, inflation and unemployment. The North African nation on Monday started talks with the Washington-based crisis lender, which has called for "deep reforms" and…

Asharq Al-Awsat · Feb 19, 2022

Costa Rican presidential candidate says he would change IMF agreement

Costa Rica's leading presidential candidate Jose Maria Figueres said he would negotiate adjustments to the country's billion-dollar agreement with the International Monetary Fund (IMF) if elected, an effort to contrast his policy with the outgoing president.

Reuters · Feb 18, 2022

Tunisia Says World Bank to Lend it $400 Mln

The World Bank will lend Tunisia about $400 million to finance social reforms, the Tunisian government said on Tuesday, as it started talks with the International Monetary Fund on economic reforms. The country, which is suffering from a financial crisis, is seeking to obtain a rescue package from the IMF…

Asharq Al-Awsat · Feb 17, 2022

EU-African Union summit: The economic issues and money on the table

European Union leaders are meeting with their counterparts from the African Union in Brussels this Thursday. Several major economic issues will be discussed, including the €150 billion investment plan promised by EU Commission President Ursula von der Leyen. Ahead of that gathering, French President Emmanuel Macron promised a deal on…

France 24 · Feb 17, 2022

Jordan to Push Ahead with IMF-Backed Reforms

Jordan will accelerate the momentum of IMF-backed structural reforms in 2022 to help a nascent recovery gather pace in an economy hard hit by the coronavirus pandemic and regional turmoil.

Asharq Al-Awsat · Feb 16, 2022

World Bank relocates some staff from Ukraine, operations continue

The World Bank said on Monday it is temporarily relocating some of its staff from Ukraine and has suspended missions to the country due to the tensions on the border with Russia, but its Ukraine financing operations would continue.

Reuters · Feb 14, 2022

Incursion could start at ‘any time’, White House warns – as it happened

US relocating remaining embassy staff to Lviv, Antony Blinken confirms

The Guardian - US · Feb 14, 2022

Tunisia Gears Up for IMF Talks

Tunisian authorities are gearing up for talks with the International Monetary Fund that is set to hold a series of virtual meetings with the government in Tunis from Monday. “I can confirm that there would be an IMF mission February 14th to 22nd,” IMF spokesman Gerry Rice said at a…

Asharq Al-Awsat · Feb 12, 2022

IMF: More Work Needed for Lebanon Aid Deal

After two weeks of talks, the IMF said Friday it has advanced efforts to secure an aid program to help Lebanon overcome its "unprecedented and complex" economic crisis, but more work is needed. The country will need fiscal reforms that ensure it can manage its debt load as well as…

Asharq Al-Awsat · Feb 12, 2022