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The Latest Breaking News from International Monetary Fund

Who is Muhammad Aurangzeb, the man tasked with fixing Pakistan’s economy?

A veteran banker, Aurangzeb is a political outsider who analysts say must grapple with IMF reforms and crippling debt.

Al Jazeera

African Development Bank Calls For End To Resource-Backed Loans

African Development Bank's push to end natural resource-backed loans due to exploitation concerns and promote sustainable financing for infrastructure proj...

Top News

Pakistan PM Appoints Cabinet Tasked With Ending Economic Crisis

Pakistan's 19 new ministers took their oath of office Monday, after an election marred by allegations of vote rigging.

International Business Times

From analysis to the latest developments in health,
read the most diverse news in one place.

The US could be facing a 2008-style financial crisis. Why does Sunak want to copy it?

The PM’s admiration for Washington’s economic model may backfire amid looming US banking and stock market disasters

The Guardian - UK

Kristalina Georgieva wins backing to run for second term as IMF chief

Bulgaria’s ‘eternal optimist’ in favour with European finance ministers after first five-year stint encompassing Covid and Ukraine

The Guardian - UK

IMF Ready To Support Pakistan With New Programme Upon Request

IMF expresses readiness to assist Pakistan in implementing economic programme amidst COVID-19 challenges, offering potential avenue for economic reform.

Top News

IMF Emphasizes Preserving Value Of Argentine Pensions

Learn why the IMF is urging Argentina to safeguard pension values amidst economic challenges for retirees.

Top News

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Brazil's Public Debt Reaches 75% Of GDP

Learn about Brazil's public sector debt challenges and the need for fiscal discipline to ensure economic stability and growth.

Top News

Egyptian Pound Stable After Devaluation, IMF Deal

Stable Egyptian pound post-devaluation and IMF agreement signals positive economic impact.

Top News

Morning Digest | Ensure Pakistan does not divert loans to foot its defence, third-country debt bills, India tells IMF; Team India looks to finish on a high in Ashwin’s 100th, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on March 07, 2024

The Hindu

Budget 2024: UK taxes head for highest level since 1948 despite Hunt’s NI cut

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

The Guardian - UK

Ensure Pakistan does not divert loans to foot defence bills: India to IMF

India pushes for stringent monitoring of IMF funds to Pakistan, ensuring they're not used for defense or debt repayment.

The Hindu

Egypt strikes expanded $8bn deal with the IMF

The deal comes as the central bank said it would let the Egyptian pound trade freely.

Al Jazeera

Egypt Secures $5 Bn Additional Loan From IMF As Pound Plunges

Egypt secured an extra $5 billion in IMF loans on Wednesday, the two sides said, after the central bank hiked interest rates and allowed the pound to plunge by nearly 40 percent.

International Business Times

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Top News

Egypt's Currency Hits Record Lows, Nears IMF Agreement

Egypt's economy strategically devalues its currency to secure IMF deal, aiming for stability and growth.

Top News

Shehbaz Sharif Sworn In As Pakistan's Prime Minister

Shehbaz Sharif takes office as Pakistan's prime minister, prioritizing IMF talks for economic stability and progress.

Top News

Panama GDP Growth To Slow In 2024 Due To Mine Closure

IMF projects Panama's GDP growth to slow to 2.5% in 2024 due to the closure of the First Quantum mine, highlighting the need for diversification and collab...

International Business Times

Ghanaian Finance Ministry Warns Against Fallout From Anti-LGBTQ Law

Ghana's finance ministry has advised President Nana Akufo-Addo against endorsing a highly contested anti-LGBTQ bill, warning that it could end up with the financially-strapped country losing billions of dollars in World Bank funds.

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WEKU

Shehbaz Sharif returns as Pakistan's prime minister, as protests hit parliament

Lawmakers in Pakistan's National Assembly elected Shehbaz Sharif as the country's new prime minister for the second time, as allies of imprisoned former premier Imran Khan shouted in protest.

Evening Standard

OPINION - The Houthis could inspire a new wave of piracy — and the English Channel makes us uniquely vulnerable

“Well, we didn’t see that one coming — the Houthis took us all by surprise,” a distinguished former security official muttered to me this week. In just under four months the Houthis have attacked 57 vessels in and around the Red Sea. They have disrupted waterways carrying 15 per cent…

France 24

‘Vote-thief!’: Imran Khan allies protest 'rigged election' as Pakistan swears in new parliament

Pakistan's National Assembly swore in newly elected members on Thursday in a chaotic scene, as allies of jailed former Premier Imran Khan protested what they claim was a rigged election.

Al Jazeera

As Pakistan’s newly elected parliament meets, a look at the PM candidates

While ex-PM Shehbaz Sharif of the PMLN bloc is frontrunner, independents backed by Imran Khan hope to clinch a surprise.

The Hindu

Morning Digest | India denies allegations of blocking deals at WTO; Congress Government fights for survival in Himachal Pradesh, and more

From India denies allegations of blocking deals at the WTO; Congress government fights for survival in Himachal Pradesh, here is a select list of stories to start the day on Feb 29, 2024

Top News

IMF Chief Georgieva Focused On Current Role, Not Future Plans

IMF chief, Kristalina Georgieva, emphasizes focus on current responsibilities and global economic challenges at G20 summit.

The Hindu

The current global order — a fraying around many edges

Reform is essential when it comes to the United Nations, but given the divisions, cosmetic changes may not be enough

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