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The Latest Breaking News from International Monetary Fund

IMF Urges Slovakia To Reduce Debt

IMF calls for Slovakia to reduce debt levels post-COVID-19 to ensure economic stability.

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 · Mar 13, 2024

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...

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 · Mar 12, 2024

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 · Mar 9, 2024

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 · Mar 8, 2024

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.

IMF Emphasizes Preserving Value Of Argentine Pensions

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

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.

Egyptian Pound Stable After Devaluation, IMF Deal

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

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 · Mar 7, 2024

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 · Mar 6, 2024

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 · Mar 6, 2024

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 · Mar 6, 2024

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International Business Times · Mar 6, 2024

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.

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.

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.

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...

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news in one place.

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International Business Times · Mar 4, 2024

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.

WEKU · Mar 3, 2024

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 · Mar 1, 2024

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 · Feb 29, 2024

‘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 · Feb 29, 2024

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 · Feb 29, 2024

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

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.

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