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The Latest Breaking News from International Monetary Fund

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

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

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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.

International Business Times

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

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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.

Evening Standard

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.

International Business Times

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.

Radio France Internationale

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

The Guardian - UK

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.

Inverse

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:

Dynamite News

Europe is already sabotaging its own economy far more than US tariffs could, former ECB president says

Draghi cited IMF estimates that show Europe’s internal barriers are equivalent to a 45% tariff on manufactured goods and a 110% levy on services.

Fortune

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Evening Standard

Fact check: Ukraine aid, immigration figures and growth projections

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

Reason

Trump May Have To Grapple with Returning Inflation

Cutting government spending and calling off the trade war would be steps in the right direction.

Evening Standard

Treasury launches leak inquiry over reports OBR has cut UK growth forecast

The watchdog is reported to have cut its growth forecast for the UK, causing problems for the Chancellor as she attempts to stick to her fiscal rules.

The Independent UK

Government ‘relentlessly focused’ on economy amid reports of lower growth – No10

The Office for Budget Responsibility is said to have cut its projections for economic growth.

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The Conversation

Donald Trump’s war on global governance: lessons from the past on how to fight back

US president Donald Trump’s recent actions seem designed to reassert American power and demonstrate that it is still the dominant global power and is capable of bullying weaker nations into following America’s lead.

Evening Standard

Sri Lankan government blames monkey for nationwide power cut

Millions of people on the island nation were left without power

The Guardian - UK

US job creation slowed in January; UK can’t say ‘job done’ fighting inflation, say’s BoE’s Pill – as it happened

US economy added 143,000 new jobs last month, fewer than expected

Reason

El Salvador Walks Back Its Bitcoin Law

But it's also investing more in the cryptocurrency.

Fortune

China has a 'trick up its sleeve' to fight Trump's tariff as Beijing keeps response muted for now, former IMF adviser says

"Watch to see how the yuan moves this week."

Fortune

Call center employees in the Philippines aren’t worried about AI: The tech’s 'not quite there yet'

Workers agree AI technology makes them more efficient, but it isn’t ready to replace them.

Evening Standard

Fact check: New runways, growth projections and Taylor Swift clip

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

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