The Latest Breaking News from International Monetary Fund

IMF managing director terms budget 2022-23 'thoughtful' policy agenda for India

WASHINGTON: The Union Budget presented by finance minister Nirmala Sitharaman is a very "thoughtful" policy agenda for India and puts a great deal of emphasis on innovation in research and development on human capital investment and digitalisation, managing director of IMF Kristalina Georgieva has said.

The Times of India · Feb 4, 2022

Lebanon’s Savers to Bear Burden under New Rescue Plan

Two years into an economic meltdown the World Bank says is one of the worst recorded, Lebanon's rulers have proposed a way to plug a huge hole in the financial system they were blamed for making: savers will foot most of the bill, not banks or the state. The plan,…

Asharq Al-Awsat · Feb 2, 2022

Economic pain threatens social and political chaos in Tunisia

President Kais Saied says he will remake Tunisian politics in 2022 with a new constitution and parliament after seizing executive power last year in a move his foes call a coup - but the threat of national bankruptcy may upend his plans.

Reuters · Feb 2, 2022

El Salvador Won't Bow To IMF Pressure To Drop Bitcoin Legal Tender: Treasury Minister

El Salvador's treasury minister Alejandro Zelaya recently expressed his anger over the International Monetary Fund's (IMF) sustained pressure to drop Bitcoin (CRYPTO: BTC) as legal tender in his country, and said that it will have no result.

Benzinga · Feb 1, 2022

Bitcoin price surges as El Salvador rejects IMF call to ditch BTC as currency

‘Countries are sovereign nations and they take sovereign decisions about public policy,’ says Salvadoran Treasury Minister

The Independent UK · Feb 1, 2022

Lebanon Plan Sees 93% Currency Slide, Turns Bulk of FX Deposits to Pounds

A government plan for tackling Lebanon's financial crisis projects a 93% devaluation of the Lebanese pound and converts the bulk of hard currency deposits in the banking system to local currency, according to a blueprint seen by Reuters. Of $104 billion of hard currency deposits, the plan foresees returning just…

Asharq Al-Awsat · Feb 1, 2022

Argentina's Peronists split over IMF deal as top lawmaker rebels

A prominent Argentine lawmaker on Monday broke ranks with the country's ruling party on Monday, rejecting a $44.5 billion agreement struck in principle with the International Monetary Fund late last week, a sign of cracks in the ruling coalition.

Reuters · Feb 1, 2022

El Salvador angrily rejects IMF call to drop Bitcoin use

The government of El Salvador has rejected a recommendation by the International Monetary Fund to drop Bitcoin as legal tender

The Independent UK · Jan 31, 2022

Biden Moves To Regulate Bitcoin

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

Benzinga · Jan 31, 2022

IMF, World Bank Postpone Plans for Annual Meetings in Morocco

The International Monetary Fund and World Bank on Monday said they would postpone plans to hold their 2022 annual meetings in Marrakesh, Morocco, until October 2023, because of uncertainty about the COVID-19 pandemic. This year's annual meetings will instead take place in Washington in October, the two global institutions said…

Asharq Al-Awsat · Jan 31, 2022