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The Latest Breaking News from International Monetary Fund

IMF Chief Economist Urges Caution on Rate Cuts

IMF's chief economist, Gita Gopinath, advises central banks to exercise caution when considering rate cuts, emphasizing the need for a prudent approach.

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IMF: Russia's War Economy to Face Tough Times Ahead

The International Monetary Fund's Chief, Kristalina Georgieva, warns of challenging times ahead for Russia's war economy. Find out more in this informative...

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IMF, World Bank Warn Gaza War, Red Sea Attacks Imperil Global Economy

The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global economy.

International Business Times

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Be it coalition, PTI bloc or churn within the army: All roads in Pak lead to uncertainty

The February 8 elections in Pakistan have resulted in outcomes atypical of best laid plans. Every calculation of Pakistan army chief General Asim Munir and his “selected” winner Nawaz Sharif, the Pakistan Muslim League (N), has gone askew. The voters’ message was clear - against “selection”.

Newslaundry

Middle East growth to slow in 2024 due to oil cuts

IMF Managing Director Georgieva predicts slower economic growth in the Middle East in 2024 due to oil production cuts and the crisis in Gaza.

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Middle East crisis live: ‘Enough’ hostages alive to warrant war, says Netanyahu – as it happened

Israeli prime minister says country ‘will do our best to get all those who are alive back,’ ahead of expected ground invasion of Rafah

The Guardian - AU

Centre accounts for 60% of total debt of India, Kerala tells SC

Kerala responds to accusations by the Union government, stating that it accounts for only a small portion of the country's total debt.

The Hindu

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UAE in talks to develop $22bn beach land in Egypt

Such a major agreement could boost the Egyptian economy, which is facing a dire foreign exchange crisis.

Al Jazeera

IMF Warns Of Maldives Foreign Debt Crisis, After China Borrowing

The strategically-placed Indian Ocean nation of the Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of "debt distress," the IMF warned Wednesday.

International Business Times

Pakistan’s election: Can the next government bring economic stability?

There will be no honeymoon period for winners of this week’s pivotal 2024 polls as economic challenges loom large.

Al Jazeera

Short-Seller Jim Chanos Calls Elon Musk 'Subsidy King' After Carbon Tax Proposal

Aside from talking about "wokeness", Elon Musk has recently been outspoken about topics like illegal immigration through border crossings.

International Business Times UK

In Pakistan, old hopefuls jostle to turn around struggling economy

New gov’t will have to deal with soaring inflation, increasing poverty, low forex reserves and weakening infrastructure.

Al Jazeera

Zambia in Discussions with IMF over Debt Restructuring

Zambia's stance on debt restructuring remains uncertain as it rejects setting a timeline, while the IMF looks for a compromise to address the country's fin...

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Milei's Sweeping Reform Package Triumphs in the Legislature's Lower House

In exchange, the libertarian president had to scale back some of his free-market ambitions.

Reason

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International Business Times

Economists Pilloried For Getting Forecasts Wrong

Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global supply chains and forecasting a recession that has not materialised.

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Egypt and IMF Reach Agreement on Economic Reform Program

The IMF and Egypt have reached an agreement on the main policy elements of an economic reform programme, signaling positive steps towards stabilizing the c...

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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.

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China's Property Sector Meltdown Continues, IMF Forecasts Slower Growth

Despite measures to boost the property sector in China, markets plunged as the IMF predicts further economic slowdown in the coming years.

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International Business Times

China Economic Slowdown To Persist Through 2028: IMF

China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging productivity and a rapidly aging population, the International Monetary Fund (IMF) said Friday.

The Hindu

Success of India grounded in pursuit of reforms over last years: IMF MD

The IMF Managing Director praises India's economic success, projecting 6.5% growth in 2024, emphasizing reforms, digital advancements, and female participation.

International Business Times

IMF Says Central Banks Should Not Rush Into Rate Cuts

The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday.

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IMF Supports Milei's Reforms but Cautions on Risks for Argentina

The International Monetary Fund (IMF) supports economist Javier Milei's proposed reforms for Argentina's economy, but warns of potential risks to the count...

Al Jazeera

Tunisia’s Saied wants to make the central bank fill the budget deficit

By borrowing billions from the central bank to shore up budget, the president could well worsen Tunisia’s economic woes.

The Guardian - UK

Jeremy Hunt plays down talk of spring budget tax cut after IMF warning

Chancellor says less room now for spring giveaway despite being widely thought to be gearing up for cuts

International Business Times

IMF Authorizes $4.7 Bn For Argentina After Milei's 'Bold' Reforms

The International Monetary Fund on Wednesday approved a fresh $4.7 billion for Argentina, praising the new administration of President Javier Milei as he enacts "bold" cost-cutting to bring the country's ailing economy back on track.

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