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The Latest Breaking News from International Monetary Fund

IMF Says Argentine Austerity Should Not Hurt The Poor

The International Monetary Fund has urged the government of Argentine President Javier Milei to shield the poor as he pursues harsh austerity measures to cut government spending, according to an interview published Sunday.

International Business Times

As Ukraine’s economy burns, Russia clings to a semblance of prosperity

Kyiv could require $500bn to get the country back on its feet. But Moscow has so little debt that even sanctions have not done much damage … yet

The Guardian - UK

Imran Khan Urges IMF Audit Amid Election Rigging Allegations

Imran Khan pushes for election audit amid IMF loan disbursement in Pakistan. Shehbaz Sharif seeks coalition government for economic revival.

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Pakistan’s election chaos casts shadow on next IMF deal

Ex-PM Imran Khan has asked the IMF to factor in alleged rigging in recent polls. That’s dangerous, economists say.

Al Jazeera

Russia-Ukraine war: US sanctions three Russian officials over Alexei Navalny’s death – as it happened

Sanctions come as part of Biden’s broader effort against Russia which he announced on the second anniversary of Russia’s war on Ukraine

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 730

US prepares to unveil hundreds of sanctions against Russian ‘war machine’; Zelenskiy tells US conservatives that sending aid now is cheaper than confronting Putin again later

The Guardian - AU

Top 3 China Picks for Future Weekly Gains

The Chinese economy, showcasing remarkable resilience as evidenced by the better-than-expected GDP data for 2023, is anticipated to thrive in the future owing to stimulus measures implemented by Chinese authorities designed to bolster investor confidence. Given this backdrop, quality Chinese stocks China Automotive Systems (CAAS), LexinFintech Holdings (LX), and NetEase…

StockNews.com

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'Raging fire': Pakistan debt unsustainable, headed towards inevitable default, report warns

NEW DELHI: A report from Islamabad-based think tank Tabadlab paints a dire picture of Pakistan's financial health, describing the country's debt situation as a "raging fire" and far more critical than the International Monetary Fund's (IMF) assessment of being "borderline" manageable. With debt levels reaching alarming highs, Pakistan faces the…

The Times of India

IMF Urges Zimbabwe to Fast-track Currency Reforms

The International Monetary Fund (IMF) advises Zimbabwe to accelerate currency reforms in order to address economic challenges and promote stability.

Top News

From Tourism To Energy, Senegal Economy Braces For Fallout

Senegal's hotels have seen a wave of cancellations since political unrest hit the West African country and many foreign companies are nervous about the deadly troubles.

International Business Times

In Supreme Court, Centre agrees to meet Kerala for an ‘open dialogue’ on State’s financial woes

I The Supreme Court on February 13 asked Centre and Kerala to explore avenues of dialogue to resolve the financial troubles of the State. In an original suit, Kerala criticised the Centre of undue interference, amounting to encroachment in the legislative and executive power of the State, to manage its…

The Hindu

IMF Chief Economist Urges Caution on Rate Cuts

IMF's chief economist, Gita Gopinath, advises central banks to exercise caution when considering rate cuts, emphasizing the need for a prudent approach.

Top News

IMF: Russia's War Economy to Face Tough Times Ahead

The International Monetary Fund's Chief, Kristalina Georgieva, warns of challenging times ahead for Russia's war economy. Find out more in this informative...

Top News

IMF, World Bank Warn Gaza War, Red Sea Attacks Imperil Global Economy

The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global economy.

International Business Times

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Newslaundry

Be it coalition, PTI bloc or churn within the army: All roads in Pak lead to uncertainty

The February 8 elections in Pakistan have resulted in outcomes atypical of best laid plans. Every calculation of Pakistan army chief General Asim Munir and his “selected” winner Nawaz Sharif, the Pakistan Muslim League (N), has gone askew. The voters’ message was clear - against “selection”.

Top News

Middle East growth to slow in 2024 due to oil cuts

IMF Managing Director Georgieva predicts slower economic growth in the Middle East in 2024 due to oil production cuts and the crisis in Gaza.

The Guardian - AU

Middle East crisis live: ‘Enough’ hostages alive to warrant war, says Netanyahu – as it happened

Israeli prime minister says country ‘will do our best to get all those who are alive back,’ ahead of expected ground invasion of Rafah

The Hindu

Centre accounts for 60% of total debt of India, Kerala tells SC

Kerala responds to accusations by the Union government, stating that it accounts for only a small portion of the country's total debt.

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Al Jazeera

UAE in talks to develop $22bn beach land in Egypt

Such a major agreement could boost the Egyptian economy, which is facing a dire foreign exchange crisis.

International Business Times

IMF Warns Of Maldives Foreign Debt Crisis, After China Borrowing

The strategically-placed Indian Ocean nation of the Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of "debt distress," the IMF warned Wednesday.

Al Jazeera

Pakistan’s election: Can the next government bring economic stability?

There will be no honeymoon period for winners of this week’s pivotal 2024 polls as economic challenges loom large.

International Business Times UK

Short-Seller Jim Chanos Calls Elon Musk 'Subsidy King' After Carbon Tax Proposal

Aside from talking about "wokeness", Elon Musk has recently been outspoken about topics like illegal immigration through border crossings.

Al Jazeera

In Pakistan, old hopefuls jostle to turn around struggling economy

New gov’t will have to deal with soaring inflation, increasing poverty, low forex reserves and weakening infrastructure.

Top News

Zambia in Discussions with IMF over Debt Restructuring

Zambia's stance on debt restructuring remains uncertain as it rejects setting a timeline, while the IMF looks for a compromise to address the country's fin...

Reason

Milei's Sweeping Reform Package Triumphs in the Legislature's Lower House

In exchange, the libertarian president had to scale back some of his free-market ambitions.

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