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The Latest Breaking News from International Monetary Fund

After 2 years of peddling Putin’s propaganda, the IMF is returning to Russia in open defiance of the West

It is hardly surprising that Putin’s cronies are taking victory laps and celebrating the IMF’s legitimization of the Kremlin.

Fortune

IMF plan to visit Russia to assess economy prompts dismay across Europe

Protest letter sent to fund’s head over move to send staff to Moscow for first review since invasion of Ukraine

The Guardian - UK

Pakistan Meets IMF Conditions For Billion Loan Approval

Pakistan successfully meets IMF conditions for billion loan with China's support, implementing tax and energy subsidy reforms amidst concerns.

Top News

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Is Pakistan’s $7bn IMF bailout package in trouble?

Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate.

Al Jazeera

How A Taxi Driver In El Salvador Boosted His Earnings With Bitcoin

Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador.

International Business Times

How A Taxi Driver In El Salvador Got Rich With Bitcoin

Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador.

International Business Times

As China, Africa woo each other, who gains more? It’s complex, say experts

Beijing’s detractors claim it lures in African countries with big loans, but the continent’s leaders also have a choice.

Al Jazeera

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The story of Liz Truss in swear words

The ex-PM’s potty mouth has been revealed in a new book

Evening Standard

State Of Bitcoin Adoption In El Salvador 3 Years After $BTC Became Legal Tender

El Salvador is often dubbed the "Bitcoin country," given its various initiatives to drive adoption – how has adoption progressed since the nation became first in the world in adopting BTC as legal tender?

International Business Times

The Guardian view on trade unions: good for capitalism

Editorial: Drop the cliches about union barons and militant strikers; organised workers are essential to a modern economy

The Guardian - UK

Traders observe a daylong strike across Pakistan to protest rising costs and new taxes

Traders in Pakistan are observing a daylong strike by shutting down their businesses in all major cities and urban areas to protest a rise in electricity costs and new taxes imposed on shop owners

The Independent UK

How Bangladesh’s interim leaders can turn the country’s troubled economy around

The current political turmoil in Bangladesh, which has seen the government collapse in the face of widespread protests, will pose a fresh set of challenges for the country’s economy. One of the most immediate impacts will be a slowdown in economic growth, as instability creates uncertainty and undermines investor confidence.

The Conversation

Sri Lanka's Presidential Race: Working Class Alliance Emerges Strong

Explore the rise of the National People's Power alliance in Sri Lanka's presidential race and its promise of change amidst economic challenges and public d...

Top News

It’s August 2024 – and our world is at a turning point. Here’s what we should do now

I see looming political and environmental threats – and too few willing to address them. Where is the urgency, asks former UK prime minister Gordon Brown

The Guardian - UK

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Top News

Kenya To Reintroduce Controversial Taxes Amid Economic Struggles

Kenya's finance minister plans to reintroduce controversial taxes amid protests over rising living costs and mounting debts.

The Conversation

Ethiopia’s bold economic reforms target stability and growth, but they come with risks

Ethiopia’s recent macroeconomic reforms, supported by the International Monetary Fund (IMF) and the World Bank, could have profound implications for the country and the region. The key reforms include the use of a floating exchange rate system and of interest rates as a policy tool.

The Conversation

Sudan’s catastrophe: farmers could offer quick post-war recovery, if peace is found

More than a year of conflict between the Sudanese Armed Forces and the Rapid Support Forces has weakened the country’s fragile economy. This is in addition to triggering a humanitarian crisis, loss of lives, property destruction and income disruptions.

International Business Times

Mi Primer Bitcoin At 3: What The $BTC Education Program Accomplished In El Salvador

The Mi Primer Bitcoin is celebrating three years since launching in El Salvador – the Bitcoin education program has reached thousands of Salvadoran students and continues to expand globally.

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The Independent UK

Price instability rocks Ethiopia as it reels from foreign exchange rate reforms

The prices on the menu have been erased at a small hotel in a suburb of Ethiopia’s capital

Top News

Egyptian Pound Slides As IMF Loan Conditions Met

Learn about the Egyptian pound's decline, IMF bailout, fuel price hikes, and economic challenges in Egypt.

The Independent UK

Egypt’s currency edges higher against the US dollar after price hikes

Egypt's local currency is sliding against the U.S. dollar after recent increases in fuel prices and subway fares

The Guardian - UK

No jobs, no trust: young Africans’ economic struggles fuel protests

Young people have taken to streets in Kenya, Uganda and Nigeria amid cost of living crises and lack of jobs

Radio France Internationale

New blow to Kenya's President Ruto as court annuls 2023 finance bill

Kenya's Court of Appeal has declared the government's 2023 finance bill unconstitutional, inflicting a new blow to the government of President William Ruto who withdrew this year's finance bill after deadly protests.

International Business Times

World Bank Approves $1.5 Billion Ethiopia Rescue Package

The World Bank has approved a $1.5 billion financial package to support cash-strapped Ethiopia's economic reform programme after officials loosened curbs on the local currency.

International Business Times

Ethiopia Currency Slides As Central Bank Eases Forex Curbs

Ethiopia's central bank announced on Monday that it was easing curbs on its foreign exchange regime, a move which saw the value of the local currency slide by about 30 percent.

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