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The Latest Breaking News from International Monetary Fund

Tether Is Relocating To Bitcoin Country El Salvador, Nayib Bukele Welcomes $USDT Issuer 'Home'

Tether will soon complete the formalities needed to relocate to El Salvador, marking the most significant development in the country's bid toward attracting crypto business providers.

International Business Times

The Guardian view on Argentina’s austerity year: painful cuts, rising poverty and a geopolitical gamble

Editorial: In his first 12 months Javier Milei has imposed drastic economic measures – sparking protests while banking on an IMF bailout

The Guardian - UK

U.S. Economy Doing "Quite A Bit Better" Than Expected, Says IMF Chief

She also warned that the strong US dollar could lead to higher funding costs for emerging market economies.

International Business Times

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Eurobonds issued by African countries are popular with investors: why this isn’t good news

Eurobonds are debt instruments issued by a country in a currency different from its own. Eurobonds have risen to prominence in Africa because they have opened a window for governments to diversify their funding sources from traditional concessionary loans offered by the International Monetary Fund (IMF) and foreign aid, both…

The Conversation

'Buy Bitcoin' Trends On X As El Salvador's Strategic Reserve Hits 6,000 $BTC

X is teeming with "Buy Bitcoin" posts as $BTC struggles to break above $95,000 following a $99,000 surge last week – will new holders take the advice of veteran holders to buy the dip?

International Business Times

Ghana’s president faces tough start as economic crisis drives people to leave

Ghana's president-elect John Mahama, due to be inaugurated on 7 January, will have his work cut out, as the country suffers its worst economic crisis in a generation and a study finds more than 60 percent of Ghanaians want to emigrate.

Radio France Internationale

Manmohan Singh obituary

Prime minister of India who brought in economic reforms and forged a new relationship with the US

The Guardian - UK

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IMF, Egypt reach deal to unlock $1.2bn to shore up strained public finances

Washington-based lender says Cairo agreed to raise tax-to-revenue ratio and accelerate divestment of state-owned firms.

Al Jazeera

Still $BTC Country: 'Headlines About The IMF Are Wrong,' Says El Salvador Bitcoin Office Director

El Salvador had to concede to some of the IMF's conditions to reach an agreement with the UN financial agency for a massive loan that could help boost its ailing economy, but it clarified Sunday that it will not give up on its Bitcoin strategic reserve.

International Business Times

Governments and banks once mocked Bitcoin. Now they want in on it

After topping $100,000, Bitcoin supporters see the cryptocurrency soaring even higher.

Al Jazeera

Ukraine war briefing: IMF approves $1.1bn loan to Ukraine

Loan approval by the International Monetary Fund will bolster Ukraine as it faces continued Russian attacks. What we know on day 1,032

The Guardian - AU

Argentina's Dollar Craze Cools Under Greenback-loving Milei

"Dollars, selling dollars!" "The amnesty dollars aren't yours (don't belong to the state) and you have to pay back the IMF dollars," he said.

International Business Times

Ex-IMF Chief Rato Gets Four-year Jail Term In Spain For Tax Crimes

A Madrid court sentenced ex-IMF chief and Spanish economy minister Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption, it said Friday.

International Business Times

IMF Pressures El Salvador To Stop Pushing Bitcoin

In exchange, the government is getting a $1.4 billion loan.

Reason

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International Business Times

Bitcoin Country No More? El Salvador Bends To Secure IMF Loan

El Salvador has reached an agreement with IMF staff to secure a $3.5 billion funding package, but not without consequences that could hit Nayib Bukele's grandiose vision of a "Bitcoin country."

Reason

IMF Offers a Glimpse at the Perils of Central Bank Digital Currencies

Government-controlled digital money could mean the end of financial privacy and independence.

The Conversation

Argentina’s soaring poverty levels don’t seem to be hurting president Javier Milei – but the honeymoon could be over

Argentina, a nation once ranked among the wealthiest in the world, has found itself grappling with severe economic challenges over the past 25 years. Then, one year ago, provocative libertarian economist Javier Milei was inaugurated as its new president.

The Guardian - UK

Ghanaians give ex-president Mahama a chance to eclipse his shaky legacy

Honeymoon period will be short as John Mahama tries to fix economy, seen as a huge factor in election

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The Independent UK

One year on: How Javier Milei’s shock measures are reshaping Argentina’s economy

The radical populist hopes to profit from his bromances with Donald Trump and Elon Musk

International Business Times

Ghana Opposition Leader Mahama Officially Wins Election

Ghana's opposition leader John Mahama officially won the country's election on Monday, easily defeating the ruling party candidate after voters punished the government's economic management and high living costs.

Benzinga

El Salvador Relaxes Bitcoin Rules To Seal $1.3 Billion Loan

El Salvador close to $1.3B loan deal with IMF, contingent on changes to Bitcoin policy and fiscal deficit reduction. President Bukele focuses on economic revival and foreign investment.

Al Jazeera

Ghana elections: Who is running and what’s at stake?

The country’s historically disadvantaged north is set to decide the tight race for the first time.

Radio France Internationale

Ghana voters carry economic pain to the polls

Eighteen million people in Ghana will choose their next president and 275 parliamentarians on Saturday amid the country's worst economic crisis in decades.

The Conversation

Ghana heads to the polls: why the economy is the biggest issue for many voters

The outcome and aftermath of Ghana’s 2024 elections will be a key test whether the West African nation can find a balance between the dual objectives of living within its means and achieving economic growth that creates sustainable jobs for its teeming youth.

Benzinga

Poland's GDP Set for Growth in 2025 as EU's Fastest Economy

Poland’s GDP is set to expand further in 2025, cementing its position as the European Union’s (EU) fastest-growing economy.

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Cristina Fernández de Kirchner

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