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The Latest Breaking News from International Monetary Fund

Iran war: what African countries can do to get through the crisis and emerge in a better place

By Easter 2026 it was still not clear when – or how – the war initiated by Israel and the US against Iran would end. But what was already clear was that it would harm Africa in a number of ways.

The Conversation

Karoline Leavitt Faces Intense Scrutiny After Suggesting Foreign Leaders 'Were Killed' Over US Negotiation Disputes

Explore the controversial remarks by White House Press Secretary Karoline Leavitt on the consequences faced by Iranian leaders amid Operation Epic Fury. Discover the implications of her statements on US-Iran relations and the ongoing military campaign.

International Business Times UK

Why the IMF thinks the UK economy is facing a major shock

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The Independent UK

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Britain faces one of the largest shocks from Iran war energy crisis, warns IMF

Oil prices have soared in response to Iran’s stranglehold on tankers passing through the Strait of Hormuz

The Independent UK

IMF warns Middle East conflict will lead to higher prices and slower global growth

Washington-based fund says rising energy and food costs will hit economies worldwide and could leave lasting scars

The Guardian - UK

‘All roads’ from Iran war lead to higher prices and slower growth, warns IMF

The international financial institution said it was stepping up support, especially to the most vulnerable economies.

Evening Standard

IMF reaches staff-level agreement to unlock $1.2bn for Pakistan

IMF urges Islamabad's policymakers to keep monetary policy tight amid war in Iran

The Independent UK

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Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos

The US is recklessly spreading economic havoc among global friends and foes while suffering little harm itself

The Guardian - US

Iran, the $39 trillion national debt and dedollarization: How Trump exposed America's Achilles Heel in Hormuz

With the national debt at $39 trillion and dollar dominance already at a 30-year low, the petrodollar system is more visible—and threatened—than ever.

Fortune

Ukraine war briefing: EU president von der Leyen vows to pay loan to Kyiv despite block by Hungary

90bn euro loan has been held up by resistance from Hungarian prime minister Viktor Orbán; US and Ukrainian negotiators to meet on Saturday.

The Guardian - AU

Climate finance has failed Africa twice over – how to fix it

The effects of climate change are no longer a future risk for Africa. They are a present crisis.

The Conversation

Senegal’s crisis: why debt restructuring may be the least bad option

Senegal is facing a serious debt crisis. The IMF estimated the country’s debt at 132% of GDP at the end of 2024. Debt servicing costs are projected at 5.5 trillion CFA francs (about $9.1 billion) this year, eating up a growing share of tax revenue.

The Conversation

Labor must stop juicing house prices and make buying a home the Australian dream – not negatively gearing one

The rumours of action on the capital gains tax discount and negative gearing are louder than before any budget this century. But is the PM up to the task?

The Guardian - AU

Iran war shocks continue to ripple through the global economy

The Iran war is driving up energy and fertiliser prices, threatening food shortages in poor countries, destabilising fragile states and complicating inflation control at central banks worldwide.

Euronews

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Whats Hot

Stock Market Rout and Parliament Protests as US‑Iran Conflict Hits India

The escalating crisis in West Asia, triggered by the US-Israel attack on Iran and Iran’s subsequent retaliation, sent shockwaves through Indian stock markets and Parliament on Monday, March 9.

Fortune

Economist Eswar Prasad warns a ‘motley group’ of middle powers can’t stop the ‘doom loop’ threatening the global economy

Prasad, author of “The Doom Loop,” worries that the forces behind globalization are fueling instability—and that global business is making things worse.

Fortune

Before countries can reap AI’s benefits, they’ll have to figure out how to pay for its deployment

Countries might have to choose between taking on more short-term risk or missing out on future AI-driven growth.

The Guardian - AU

Ukraine war briefing: IMF approves $8.1bn loan for Kyiv

Fund says loan will resolve Ukrainian balance of payments problem while boosting reconstruction and growth prospects. What we know on day 1,465

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Fortune

Trump claims America is ‘winning so much.’ The IMF agrees, adding that Trump’s trade policies are the only thing holding it back from even more

The best time to chip away at the national debt and balance the budget is now, when the economy is strong, says the IMF. Trump’s trade tariffs are making that difficult.

Euronews

Poland beats Spain on income as Tusk claims ‘European elite’ status

Poland's per capita income calculated in purchasing power parity (PPP) has overtaken Spain as it edges closer to UK levels.

The Independent UK

IMF says it is releasing $2.3 billion to Egypt after reforms help to stabilize the economy

The IMF is letting Egypt tap about $2.3 billion more from its loan program after it says reforms are steadying the economy

The Times of India

4 years on, Russia's Ukraine 'blitz' drags on: How the conflict redefined warfare, shattered Europe

On 24 February 2022, Russian forces crossed into Ukraine on the orders of President Vladimir Putin. What was expected by many to be a swift military operation has become one of the longest and most consequential wars of the 21st century.

The Times of India

'Trade deficits distinct from BOP deficits': Gita Gopinath backs Neal Katyal on Trump’s 15% tariff move

Former IMF chief economist Gita Gopinath has backed Indian-American lawyer Neal Katyal in questioning US President Donald Trump’s decision to impose a 15 per cent global tariff.

The Times of India

Pakistan poverty explodes, inequality at 27-year high as economic crisis deepens

Pakistan's poverty has surged to an 11-year high of 29%, with 70 million people now in extreme poverty. Income inequality has also reached a 27-year peak of 32.7. These increases are attributed to IMF stabilization policies, natural disasters, and weak growth, leading to a 12% fall in real household income…

Fortune

A headache is already brewing for Kevin Warsh at the Fed, as minutes show some members don’t just resist a cut, but are open to a hike

“While Warsh may enter with a perceived dovish bias, he will first need to demonstrate that his views are anchored in economic fundamentals rather than politics.”

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