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The Latest Breaking News from International Monetary Fund

The International Monetary Fund reaches preliminary deal with Argentina on $20 billion bailout

The International Monetary Fund says it's reached a preliminary, staff-level agreement with cash-strapped Argentina on a $20 billion bailout package, providing a welcome reprieve to libertarian President Javier Milei as he seeks to overturn the country’s old economic order

The Independent UK

Trump’s tariffs may be perilous for small, heavily indebted countries in global south

Garment workers in countries such as Cambodia among those who fear they will lose pay cheques if companies move production elsewhere

The Guardian - UK

Trump's Tariff Big Bang Puts Global Economy Under Threat

It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China's countermeasures only amplifying the risk of a debilitating tit-for-tat trade war.

International Business Times

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China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-off

The Guardian - UK

French industry leaders back Macron’s call to freeze US investments

As transatlantic trade tensions flare over new US tariffs, French President Emmanuel Macron has urged companies to freeze US investments in order to protect France’s economic interests and rally European unity.

Radio France Internationale

IMF warns of ‘significant risk’ to global economy from Trump tariffs as markets plunge

Fund boss Kristalina Georgieva says it is important that US and trading partners avoid escalating trade war

The Guardian - UK

US markets see second day of selloffs as Trump’s tariffs continue to cause global turmoil – as it happened

US indexes suffer amid escalating global trade war as Beijing hits back with new tariffs on US goods

The Guardian - UK

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Javier Milei's Free Market Reforms Are Starting To Pay Off

As poverty and inflation plunge, Milei's reforms begin to reshape Argentina's economy.

Reason

Ghana’s e-levy: 3 lessons from the abolished mobile money tax

The first budget speech of Ghana’s new government on 11 March painted a picture of an economy in crisis, facing high debt and fiscal mismanagement. The finance minister, Cassiel Ato Forson, acknowledged that key International Monetary Fund performance targets would be missed and announced drastic spending cuts.

The Conversation

Is Lebanon’s new central bank governor ‘another Riad Salameh’?

Lebanon has a new central bank governor. But critics say he’s too close to traditional powers who created the crisis.

Al Jazeera

Macron hosts Lebanon's president, reiterating French support for 'sovereignty'

French President Emmanuel Macron will host his Lebanese counterpart, Joseph Aoun, in Paris on Friday, a visit he says signals France's full commitment to Lebanon's "recovery" and "sovereignty". The country's new government is facing a crippling economic crisis, as well as the need to rebuild after the recent Israeli-Hezbollah war.

Radio France Internationale

Argentina Seeking $20 Billion IMF Loan

Argentina has sought a $20 billion loan from the International Monetary Fund, the country's economy minister said Thursday, as the government struggles to hold on to foreign reserves while propping up an ailing currency.

International Business Times

IMF chief outlines plan to resume grants to Senegal

A top boss at the International Monetary Fund (IMF) says his organisation hopes to finalise a new aid programme for Senegal as soon as possible after suspending its $1.8 billion credit line in October following revelations of distorted figures and fiscal mismanagement.

Radio France Internationale

The U.S. now suffers from these 5 dead giveaways of an emerging-market economy in trouble, former IMF official says — 'It pains me to say it'

"Worse, by dint of its size, America’s actions have a much greater impact on the world economy than those of any run-of-the-mill emerging market."

Fortune

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International Business Times

Argentina's Milei Wins Congress Green Light For New IMF Loan

Argentina's Congress on Wednesday gave President Javier Milei the green light to negotiate a new IMF loan agreement, on top of the $44 billion Buenos Aires already owes the lender.

International Business Times

El Salvador Continues Bitcoin Stacking As $BTC Struggles Below $85,000

El Salvador is unfazed by concerns around its Bitcoin reserve following a recent agreement with the IMF to concede some of its policies to secure a loan, but there are questions on the Bukele government's "contradictory" actions.

International Business Times

Ghana Scraps IMF-linked 'Nuisance' Taxes

Ghana's new government on Tuesday announced it was scrapping several Covid-era taxes introduced in an effort to secure IMF financing, citing the economic hardship placed on ordinary citizens.

International Business Times

Sri Lanka Signs $2.5b Debt Deal With Japan

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year.

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Evening Standard

Fact check: Minister’s growth claim, NHS appointments and the size of the Army

Round-up of fact checks from the last week compiled by Full Fact.

Evening Standard

Bank of England warns of ‘substantial’ risks to UK from Trump tariffs

Governor Andrew Bailey cautioned over the ‘major shift’ going on in the US after President Trump imposed trade tariffs on various countries.

International Business Times

Nayib Bukele Says El Salvador Will Keep Buying Bitcoin Despite IMF Deal, Draws Criticism

Nayib Bukele is under fire among Bitcoiners and prominent figures in the crypto industry after he insisted that El Salvador will not halt its strategic Bitcoin reserve even if the IMF's funding deal clearly states that the country is prohibited from buying $BTC throughout the funding program's duration.

Radio France Internationale

Madagascar and Congo-Brazzaville team up to protect vanishing forests

Congo-Brazzaville and Madagascar are combining efforts to protect their primary forests, which support rich ecosystems and rare wildlife but face increasing threats from deforestation. The countries marked the launch of their conservation drive by planting 3,000 trees in Madagascar on Monday, African Environment Day.

The Guardian - UK

Labour’s aid cuts are morally wrong. Here’s why they make no economic sense either

When the US slashed its foreign aid budget a fortnight ago, David Lammy called it a ‘big mistake’. He was right – and it’s a mistake for the UK to do it now, says Guardian columnist Larry Elliott

Inverse

35 Years Later, A Forgotten Spy Thriller Is Impossible To Find

Do you remember 'Mission: Impossible's' original Final Reckoning? Back in 1990, the IMF gang went out with a whimper. Here's the 'Mission' everyone forgot.

Dynamite News

Pakistan: Govt employees stage protest against pension reforms in Islamabad

Protesters gathered at Secretariat Chowk and blocked both entrances to the government secretariat. Read further on Dynamite News:

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