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The Latest Breaking News from International Monetary Fund

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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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."

International Business Times

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.

Reason

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 Conversation

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

The Guardian - UK

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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

The Independent UK

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.

International Business Times

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.

Benzinga

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.

Al Jazeera

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.

Radio France Internationale

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.

The Conversation

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.

Benzinga

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The Guardian - UK

Economic hardship looms over Ghana as country readies for polls

Election is being contested between vice-president Mahamudu Bawumia and former president John Mahama, under whom corruption ballooned

Radio France Internationale

Ghana gets ready for key elections as over 18 million voters face economic challenges

As Ghana prepares for its presidential election on 7 December, over 18 million registered voters are poised to make their voices heard amid significant economic challenges. Citizens from all 16 regions of the West African nation wide range of views to RFI on the pressing issues that will shape their…

International Business Times

Trump Vows To Defend US Dollar Hegemony, But Is It Under Threat?

President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency.

International Business Times

El Salvador And Bhutan – How Two Small Nations Led The National Bitcoin Reserve Race

El Salvador and Bhutan are making headlines in recent months as their Bitcoin strategies have paid off significantly with $BTC's price surge since the 2024 U.S. elections – what brought these two small countries to the spotlight?

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The Conversation

Ghana’s outgoing president Nana Akufo-Addo failed to live up to expectations – a look at his time in office

For the first time in seven years, Nana Addo Dankwa Akufo-Addo will end the year without Ghana’s presidency weighing on his shoulders. Ghana goes to the polls on 7 December. Whatever the outcome, Akufo-Addo has served two terms as president and will be retiring from a long political life.

Al Jazeera

IMF approves third review of Sri Lanka’s $2.9bn bailout, but warns of risks

Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge.

The Conversation

Ghana’s economic diplomacy: how three presidents with different ideologies dealt with the IMF and World Bank

Since independence in 1956, Ghana’s leaders have followed a variety of global ideologies, from centre-right to socialist. But the country has also blended these with local priorities, like anti-colonialism and economic independence, while balancing the pressures from the IMF and World Bank.

International Business Times

Sri Lanka's President Makes U-turn On IMF Bailout

Sri Lanka's new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor.

The Guardian - UK

Greece faces general strike as workers protest cost of living squeeze

Unions demand ‘dignified wages’ as unequal recovery from debt crisis has left many struggling with higher costs

Al Jazeera

Sri Lanka leader reappoints Amarasuriya as PM, retains finance and defence

Dissanayake picks a 21-member cabinet as he plans sweeping reforms, including a campaign promise of a new constitution.

International Business Times

Egypt's Middle Class Cuts Costs As IMF-backed Reforms Take Hold

Egypt's economy has been in crisis for years, but as the latest round of International Monetary Fund-backed reforms bites, much of the country's middle class has found itself struggling to afford goods once considered basics.

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