The Latest Breaking News from International Monetary Fund

Sri Lanka will slash the price of 60 essential drugs by 16% from June 15, the Health Minister said on Tuesday, as the country sees a glimmer of relief from its worst financial crisis in decades.

Pakistani Prime Minister Shehbaz Sharif is hopeful of finalising a deal with the International Monetary Fund (IMF) this month, he said in an interview with Turkish news agency Anadolu.

Italian Prime Minister Giorgia Meloni will travel to Tunisia on Tuesday looking to make progress in unblocking loans from the International Monetary Fund (IMF) for the north African state, two diplomatic sources told Reuters.

The Fed has already hiked to levels not seen since September 2007, but that might not be enough to bring inflation down to sustainable levels.

Russia's 2022 invasion of Ukraine has left tens of thousands of dead, displaced millions and sown economic turmoil across the world.

Lebanon's disparate opposition, independent and main Christian parties said on Sunday they had nominated IMF official Jihad Azour for the presidency in a challenge to Hezbollah-backed candidate Suleiman Franjieh.

Despite the lower probability of the Fed’s rate hike in June, interest rate increases are projected to resume later this year to control persistent inflation. Amid an uncertain market backdrop, it seems wise to avoid fundamentally weak dividend stocks Realty Income (O) and Washington Trust (WASH). However, the relatively stable…

South Africa will host the BRICS summit in August 2023. The event could offer the country an opportunity to exercise leadership in the BRICS’ efforts to reform the arrangements for global economic governance and in supporting sustainable and inclusive development in Africa and the Global South. However, the opportunity has…

Tunisia’s president is looking for ways to avoid a bailout package worth nearly $2bn that hinges upon reform.

The International Monetary Fund says that debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recovery still faces challenges

‘This … system, goes back to the beys who needed to keep their courtiers happy to maintain their rule’, analyst says.