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The Latest Breaking News from International Monetary Fund

Aggressive use of state subsidies risks expensive trade wars, IMF warns

Call for caution amid fears government intervention could lead to costly mistakes and prompt subsidy battle

The Guardian - UK

Muhammad Aurangzeb: From JPMorgan to Pakistan’s finance minister with no pay

Pakistan’s new finance minister is on a mission to fix his country. To many, it’s an unenviable task.

The Times of India

Global economic risks ‘could eclipse anything since second world war’, says JP Morgan boss

In annual letter to investors, Jamie Dimon warns ‘wars in Ukraine and Middle East could become far worse’

The Guardian - UK

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Built on sand: can Egypt’s new seaside city protect the country from war at its borders?

Ras el–Hekma is part of a $60bn package to help the economy withstand the impact of conflict in Gaza, but critics fear the money will entrench a corrupt, oppressive regime

The Guardian - UK

IMF warns BoE over keeping UK interest rates high due to fixed-rate mortgages

Risk of declining consumption, house price falls and defaults as tighter policy finally has impact

The Guardian - UK

Jamaica needs teachers, yet England poaches them and classrooms lie empty. How can that be right?

People want to make good lives for themselves, but the UK has taken so much from the Caribbean. Better to help the islands thrive, says academic Gus John

The Guardian - UK

IMF Discusses Bitcoin Risks in El Salvador Funding Talks

The IMF signaled that it remains interested in financing a program for El Salvador, but it also reiterated that risks associated with Bitcoin need to be addressed first.

International Business Times

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IMF Chief Georgieva Sole Candidate In Reelection Process

The International Monetary Fund confirmed Thursday that its current managing director is the only candidate to lead the global financial institution once her first term expires later this year.

International Business Times

Ethiopia Creditors Extend Deadline For IMF Agreement

Ethiopia's creditors extend deadline for IMF deal to end of June, crucial for economic stability.

Top News

With Rising Debt, the U.S. Federal Government Is in Bad Company

Governments around the world have been on a borrowing spree, and prosperity has suffered.

Reason

IMF Links Egypt Loan To Currency Flexibility

IMF links loan disbursements to Egypt's currency flexibility to ensure economic stability and growth, supporting the country's financial resilience.

Top News

IMF Urges Tighter Swiss Regulation After UBS Takeover Of Credit Suisse

Switzerland's biggest bank was strongarmed by the government into buying Credit Suisse last year over fears that the second largest lender in the country might go under and spark a global financial crisis.

Latin Times

Presidential Free-for-All: When Petro, Milei, AMLO and Bukele's Crossed Accusations Go Beyond Social Media

Their stark ideological differences have exceeded the personal realm and impacted the countries' diplomatic relations

Latin Times

IMF Urges Tighter Swiss Regulation After UBS Takeover Of Credit Suisse

The IMF urged Switzerland on Thursday to strengthen its financial sector regulation as supervising UBS has become "more challenging" since it grew into a global banking behemoth after its takeover of Credit Suisse.

International Business Times

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Total Film

Mandalorian and Love Lies Bleeding star set to flex her muscles for Mission: Impossible 8

Katy O'Brian has joined the cast of Mission Impossible 8

International Business Times

Sri Lanka Cuts Key Interest Rates, Seeks China Deal

Transport minister and government spokesman Bandula Gunawardana said Prime Minister Dinesh Gunawardena was in Beijing, the island's biggest bilateral creditor.

Space

Strongest solar storm since 2017 hits Earth but leaves aurora chasers in the dark

Earth just experienced the strongest solar storm since September 2017. It opened a crack in our planet's magnetosphere but failed to spark impressive auroras. Why?

Top News

IMF Urges Pro-Market Reforms For Faster Chinese Economic Growth

IMF director emphasizes China's growth potential through pro-market reforms for sustained economic progress.

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Top News

Treasury Allows Billion Lending To IMF Trust

US Treasury lends billion to IMF trust to support global economic stability and recovery, aiding countries in need during COVID-19 challenges.

The Guardian - UK

Over 1m Ukrainians without power after major Russian assault on energy system

Kyiv says the country’s largest dam and hydroelectric plant were hit as Moscow unleashed 88 missiles and 63 drones

Al Jazeera

Senegal’s 2024 election: Why does it matter?

After election delay and weeks of protests, 19 candidates are competing on Sunday to succeed President Macky Sall.

Al Jazeera

Economic conditions in debt-stricken Sri Lanka improving, IMF says

IMF says inflation has dropped from 70 percent, economy expanded in the second half of 2023.

Top News

IMF Chief Urges Central Bank Independence Amid Rate-Cut Pressures

Georgieva stresses the importance of central bank independence in the face of political pressures to cut rates during election cycles.

Top News

IMF And Sri Lanka Reach Agreement On Bailout Review

Sri Lanka secures IMF agreement for economic reforms to stabilize amidst challenges.

Al Jazeera

Ahead of congressional hearing, US worried over Pakistan ‘electoral abuse’

Donald Lu, a senior State Department official, made the comments in written testimony.

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