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The Latest Breaking News from International Monetary Fund

Morning Digest | India votes from today as 102 Lok Sabha seats go to polls in Phase 1; U.S. vetoes resolution backing full U.N. membership for Palestine, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on April 19, 2024

The Hindu

World Bank President Ajay Banga Addresses Global Economic Challenges

World Bank and IMF address global economic challenges, focusing on poverty, climate, and conflict. Initiatives include expanding electricity and healthcare...

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IMF Warns Of Stubborn Inflation And Rising Government Debt

IMF chief raises concerns about global economy resilience, focusing on inflation, debts, and productivity challenges.

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Mideast In 'Shadow Of Uncertainty' Due To Regional Conflicts: IMF

Economies in the Middle East and North Africa face a "shadow of uncertainty" from ongoing tensions in the region, a senior IMF official told AFP on Thursday.

International Business Times

IMF Chief Urges Attention To War-ravaged Yemen, Sudan

International Monetary Fund chief Kristalina Georgieva on Thursday drew attention to the suffering in Yemen and Sudan, both plagued by civil wars and often overshadowed by the plight of other countries.

International Business Times

Russia’s war in Ukraine remains barrier to growth, says IMF chief

Kristalina Georgieva says Kyiv will need $42bn of financial support this year as G7 considers ways to use seized Russian assets

The Guardian - UK

Battle For Development Funding Intensifies At IMF/World Bank Meetings

The recent IMF/World Bank meetings highlighted the competition for development funding among member countries, with debates on allocation, terms of loans, ...

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ECB's Centeno: Tight Policy Despite Two Rate Cuts

ECB's President Centeno maintains a cautious monetary policy stance post rate cuts, balancing growth and inflation concerns amidst global economic discussions.

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Brazil G20 Momentum: Tax Proposal For Super-Rich

Brazil's proposal to tax the super-rich gains global support to reduce inequality and fund social programs.

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IMF Urges Fiscal Restraint Amid Record Number Of Elections

IMF calls for fiscal restraint during record elections to ensure economic stability and growth.

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IDB To Collaborate With Multilateral Banks On Joint Goals Statement

IDB collaborates with IMF and World Bank to align goals for global economic impact and sustainable development.

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Yellen Criticizes GOP Delay In Ukraine Aid Approval

U.S. Treasury Secretary criticizes delays in Ukraine aid approval, stressing urgency amid tensions.

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IMF, World Bank Report Progress In Debt Restructuring Cases

IMF and World Bank make significant progress in debt restructuring cases, aiding countries in financial stability and sustainable growth amidst the pandemic.

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IMF Supports Sri Lanka's Debt Discussions With Bondholders

IMF offers support to Sri Lanka in debt discussions amid economic challenges. Find out how international collaboration can help stabilize Sri Lanka's finan...

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International Business Times

UN Says Solutions Exist To Rapidly Ease Debt Burden Of Poor Nations

The heavy debt weighing on developing countries can be alleviated through readily available measures, the UN's trade and development chief said, pleading for bold international action.

International Business Times

At IMF, Brazil And France Renew Push For 'Fairer' International Taxation

The international community must do more to make the world's richest companies and individuals pay their "fair" share of taxes, Brazil and France's finance ministers said Wednesday.

The Guardian - AU

Australia rises to second in world budget management rankings, IMF data shows

Treasurer and finance minister hail ‘remarkable achievement’ as monitor finds balance to be behind only Canada among G20 countries

Radio France Internationale

Climate finance and debt relief loom large at World Bank, IMF meetings

The urgent issues of climate financing and global inequality will underpin this week’s spring meetings of the World Bank and the International Monetary Fund – coming amid growing calls for a shake-up of those institutions to avoid a climate-driven “economic catastrophe”.

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International Business Times

IMF Says Global Debt Levels Face 'Great Election Year' Risk

The path towards sustainable government debt levels around the world is under threat this year from the sheer number of elections taking place, the IMF said Wednesday in a new report.

The Guardian - UK

Beware risks of voter giveaways to public finances, countries facing elections told

IMF says reduction in national insurance may have made cutting UK national debt more difficult

The Guardian - UK

Billions more in overseas aid needed to avert climate disaster, say economists

Pressure piles on World Bank and IMF to steer countries to low-carbon transition at spring summit

The Guardian - UK

UK interest rate cut hopes fade after inflation falls by less than expected – as it happened

City investors trim their forecasts for rate cuts this year, after inflation falls by less than expected to 3.2%

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Yellen: US Addressing Global Economic Risks, Says IMF-World Bank

Janet Yellen emphasizes global economic collaboration to address risks and promote stability amidst COVID-19 challenges.

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IMF Projects Slow Global Growth In 2024, Warns Of Risks

IMF's 2024 global economic outlook: slow growth with risks from trade disputes and geopolitical instability.

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Yellen Urges Mitigation Of China's Clean Energy Overproduction

IMF, World Bank, and Treasury Secretary Yellen raise concerns over China's overproduction of clean energy goods, urging for measures to address market dist...

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