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The Latest Breaking News from International Monetary Fund

IMF approves $690 million for Ukraine after review

The International Monetary Fund board approved $690 million for Ukraine's loan program. This funding brings total disbursements to about $2.2 billion under the existing arrangement. Ukraine maintained macroeconomic stability despite ongoing Russian attacks and war effects. However, economic outlook weakened due to infrastructure attacks and regional conflicts.

The Economic Times

Voices: Hope, scepticism and ‘a bit of Tony Blair’: Readers react to Burnham’s first speech as PM

YOUR VIEWS: Our community are divided over Andy Burnham’s first speech as Prime Minister – from comparisons to Tony Blair’s opening day in office, to scepticism over a rough sleeping pledge he already missed once in Manchester

The Independent UK

The U.K. is getting a new prime minister, but bond investors are really in charge and 'hyper-reactive,' Wall Street veteran says

"But investors know it’s the bond market that will call the shots in the $4.2 trillion economy no matter who sits in the prime minister’s office."

Fortune

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Death toll from Venezuela's twin earthquakes rises above 5,000 as IMF announces emergency funds

Venezuela's death toll from twin earthquakes now exceeds five thousand. The International Monetary Fund has provided emergency financial support for recovery. These funds will aid affected communities and rebuild essential public services. Thousands of people were injured, rescued, and left homeless by the disaster. Relief operations continue with international rescuers…

The Economic Times

Deaths from Venezuela earthquakes rise above 5,000

Venezuela has been able to unlock €302 million of funding from the International Monetary Fund to support recovery and reconstruction following the devastating earthquakes that hit the northern coastal region last month.

Euronews

Boom at the front, bust at home: Russia’s war economy is holding but its people are cracking

By 2024, Russia appeared to have defied expectations. Despite unprecedented Western sanctions, the economy grew by 4.9%, unemployment fell to record lows, and factories linked to the defence sector ran around the clock. President Vladimir Putin pointed to these figures as proof that Russia had adapted to wartime conditions.

The Times of India

Venezuela quake death toll tops 5,000 as IMF releases recovery funds

More than 5,000 people were killed in the twin earthquakes that struck Venezuela last month, officials said, adding that the country would tap $346 million from the International Monetary Fund (IMF) for reconstruction. The coastal state of La Guaira, located north of Caracas, was decimated in the quakes that struck…

France 24

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India's forex reserves rise $964 million to $675.16 billion for week ended July 10

India's foreign exchange reserves increased by $964 million to $675.16 billion. Foreign currency assets, the largest component, grew by $930 million during the week. Gold reserves also recorded an increase, rising by $24 million to $105.23 billion. Special Drawing Rights and reserve tranche position with the IMF saw minor increases.…

The Economic Times

IMF urges Andy Burnham to avoid public spending hikes

The International Monetary Fund published a new report on the UK as Mr Burnham prepares to take the reins as the country’s new prime minister.

Evening Standard

Fed officials divided on US inflation views; US home prices hit all-time high

The International Monetary Fund predicts a modest global economic growth of three percent for this year. In the United States, home prices have soared to unprecedented levels, creating challenges for prospective buyers. The Federal Reserve is experiencing internal disagreements about future interest rate policies and inflation management. Moreover, a decline…

The Economic Times

IMF growth downgrade, Fed split and oil fears dominate week in global economy

The International Monetary Fund forecasts a sluggish global economic growth of three percent this year. US home prices have reached an all-time high, impacting affordability for buyers. Federal Reserve officials are divided on future inflation trends and interest rate adjustments. Global oil demand is expected to decline for the first…

The Economic Times

IMF raises Thai GDP growth forecast

The International Monetary Fund (IMF) has upgraded Thailand's GDP growth forecast to 1.9% from 1.5%, supported by the government's stimulus measures.

Bangkok Post

Hormuz & Iran war can slow India down but not hold it back

Despite the Iran war, Strait of Hormuz risks and elevated crude oil prices, the IMF expects India to remain one of the world's fastest-growing major economies. Strong consumer spending, booming automobile sales, rising FMCG demand, resilient services and robust domestic consumption are helping shield India's economy from global shocks and…

The Economic Times

IMF lowers 2026 global growth forecast to 3% but projects rebound in 2027

The IMF has cut its global growth forecast for the second time this year, flagging "uncertainty and risks" brought on by the war in Iran. Spanish Prime Minister Pedro Sanchez responds to threats from Donald Trump that the US will cut off all trade with his country. And, the heatwave…

France 24

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AAP

Economy caught between an oil shock and an AI boom

The AI boom will offset the negative effects of the Middle East war, but if the bubble pops Australia's economy could be exposed to a correction, a report says.

Euronews

IMF forecasts modest growth for Italy, cuts estimates for France and Germany

The IMF has also lifted its 2026 global inflation forecast to 4.7%, citing rising energy and commodity prices and risks from tensions in the Middle East.

The Independent UK

IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AI

The International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war

The Independent UK

UK inflation to fall faster than predicted as impact of Iran war ‘better than feared’

UK inflation projections have been tempered by the interim US-Iran peace deal, which helped to ease oil prices

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The Guardian - UK

IMF upgrades UK growth forecast as fears over impact of Iran war diminish

July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7

The Economic Times

IMF lowers 2026 global growth outlook to 3%, projects 3.4% growth in 2027

The International Monetary Fund has adjusted its global growth prediction for 2026, reflecting the adverse effects of warfare and rapid technological changes. Inflation is anticipated to rise before stabilizing later in the year. Furthermore, trade volumes are forecasted to experience a notable decline in growth, with a rebound expected afterward.…

Evening Standard

UK inflation set to ease back faster than expected, says IMF

It came as the global economic body said the global economic shock from the conflict in the Middle East was ‘better than feared’.

The Economic Times

IMF sees India among fastest-growing major economies despite trimming FY27 GDP growth projection to 6.4%

India's economy is anticipated to expand by 6.4 percent in fiscal year 2026-27, bolstered by strong private consumption and active service sectors. Although global growth is predicted to ease to 3.0 percent in 2026, domestic demand is set to drive India's economic growth amidst international uncertainties. The Reserve Bank of…

The Economic Times

In Pakistan, not just living but dying too is getting more expensive

Funeral expenses in Rawalpindi are becoming unaffordable for many families. Low-income households now borrow money for burial rites and services. Inflation continues to impact daily costs, even with slower price increases. Government budgets prioritize debt and defense over welfare programs. Economic growth has not yet eased the financial burden on…

Euronews

The five European economies set to grow more than twice as fast as the eurozone

The IMF expects the eurozone to grow by little more than 1% a year through 2031. Yet some of Europe's fastest growth is forecast in smaller economies, with war-hit Ukraine among the countries expected to outpace the eurozone by more than two to one.

The Economic Times

In 1998, South Korea urged people to save the country from bankruptcy. Millions lined up with gold wedding rings and baby bracelets, raising $2.1 billion in just four months

In January 1998, millions of ordinary South Koreans voluntarily donated gold, including wedding rings and baby bracelets, to help their nation repay a massive IMF debt. This unprecedented public drive, inspired by historical acts of sacrifice, saw over 3.5 million citizens participate, contributing 227 metric tonnes of gold.

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