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The Latest Breaking News from International Monetary Fund

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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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

Total Film

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.

International Business Times

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?

Space

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.

Top News

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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.

Top News

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

The Guardian - UK

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.

Al Jazeera

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.

Top News

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

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

Al Jazeera

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Al Jazeera

Foreign investors on alert as Senegal nears election marred by uncertainty

Investors in wait-and-see mode as key opposition leaders have pledged economic changes if voted into power.

Al Jazeera

Pakistan, IMF reach staff-level deal to release $1.1bn from bailout package

It’s the final tranche of $3bn programme agreed last year to avert default as Islamabad seeks another long-term bailout.

Top News

Pakistan, IMF Conclude Final Review For Pakistan, IMF Conclude Final Review For Top News.1 Billion Disbursement.1 Billion Disbursement

Pakistan and IMF complete final review for Pakistan, IMF Conclude Final Review For Top News.1 Billion Disbursement.1 billion disbursement, boosting economic recovery efforts.

TechRadar

IMF confirms some accounts were hacked following cyberattack

Roughly a dozen emails were compromised in an attack discovered in February, but the details are scarce.

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Al Jazeera

EU announces $8bn package for Egypt as part of deal to check migration

The agreement, which lifts EU’s relationship with Egypt to ‘strategic partnership’, draws criticism from rights groups.

The Guardian - UK

Talk of a soft landing for the global economy is premature – many dark scenarios are lurking

Big obstacles to rising living standards remain, from populism to protectionism, military conflict to the climate crisis, and China to Wall Street

France 24

After two years of war, Russian economy proves resilient – but for how long?

Despite several rounds of sanctions levied by Western powers over the war in Ukraine, the Russian economy registered strong growth in 2023 after a recession the previous year. Fuelled by increased public spending – particularly military spending – other industrial sectors also benefited from the war in Ukraine, with the…

Top News

IMF Urges Tight Monetary Stance In Emerging European Economies

IMF recommends implementing tight monetary stance in emerging European economies to address economic challenges and promote sustainable growth.

International Business Times

IMF Chief Georgieva Says 'Available To Serve' For Second Term

The managing director of the International Monetary Fund has told AFP she is making herself "available to serve" for a second five-year term running the Washington-based financial institution, shortly after she received the backing of European finance ministers.

The Guardian - UK

Tackling inequality vital for next century of growth, IMF head says

Kristalina Georgieva invokes John Maynard Keynes as she says fostering fairer economy would raise living standards ninefold

The Guardian - UK

Somalia has 99% of $2bn debt cancelled in major boost to fragile recovery

Paris Club of creditor nations agree cancellation as Mogadishu moves towards financial normalisation amid ongoing conflict

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