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The Latest Breaking News from International Monetary Fund

Ukraine's Marchenko says G7 support crucial for 'longer' war with Russia

A new international economic support package of $115 billion gives Ukraine more confidence that it can prevail in battling Russia's invasion, amid growing recognition that the war could continue for longer than expected, Ukrainian Finance Minister Serhiy Marchenko said on Saturday.

Reuters

Africa needs more help with climate change, debt and food crises

Africa is struggling with the triple shock of rising debt burdens, an ongoing food crisis and climate change fallout and needs more help from international institutions and wealthy nations to cope, African finance ministers said on Saturday.

Reuters

‘Britain is back’ after mini-Budget meltdown, says Jeremy Hunt

Although the Chancellor restored some confidence in the economy following the mini-Budget UK GDP is on track to contract by 0.3 per cent across 2023

Evening Standard

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PBOC Chief and Fed Chair Hold First In-Person Meeting Since 2019

Central bank Governor Yi Gang also confers in Washington with G-20 officials and Bank of Japan chief amid World Bank and IMF meetings

Caixin Global

Ukraine secures another $5 billion in funding after meetings, prime minister says

Ukraine secured promises of $5 billion in additional funding to support its ongoing fight against Russia amid "fruitful meetings" in Washington this week, Ukrainian Prime Minister Denys Shmyhal told reporters on Friday.

Reuters

IMF calls for ‘another Gleneagles moment’ on debt relief and aid

The Guardian - UK

Brazil's Lula Criticizes US Dollar and IMF during China Visit

The two countries have recently announced a deal to trade in their own currencies, dropping the dollar as an intermediary.

Asharq Al-Awsat

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IMF Warns: MENA Region Faces 4 Challenges

Growth of the real GDP in the Middle East and North Africa (MENA) region is projected to slow this year to 3.1 percent from 5.3 percent in the previous year, announced Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour. Azour added…

Asharq Al-Awsat

UAE tells IMF it will support Pakistan with $1bn, says minister

Ishaq Dar says the UAE has informed the IMF that it will provide $1bn to the crisis-hit South Asian nation.

Al Jazeera

Nirmala Sitharaman, World Bank chief discuss empowering women leaders

Union Minister Nirmala Sitharaman on Thursday (local time) participated in a panel discussion on 'Empowering Women as Entrepreneurs and Leaders' in Washington DC. Read further on Dynamite News:

Dynamite News

U.S., UK, EU officials met with financial firms on Russian sanctions evasion

Senior officials from the United States, Europe and Britain met on Thursday with financial institutions to brief them on efforts by Russia to evade Western sanctions imposed over its invasion of Ukraine, a senior U.S. Treasury official told reporters.

Reuters

Pakistan hopes to seal key IMF bailout agreement soon

Pakistan's debt continues to be sustainable, International Monetary Fund (IMF) managing director Kristalina Georgieva said on Thursday, after the government reiterated it had completed all requirements to receive a critical bailout from the IMF.

Reuters

Fragmented world’s rival blocs may risk new cold war, says IMF head

Warning from Kristalina Georgieva after G7 explores economic resilience, secure global supply chains and less reliance on China

The Guardian - UK

Economic hit from public sector strikes worth it to tame UK inflation, says Hunt

Chancellor’s remarks come despite industrial action being major factor in zero GDP growth in February

The Guardian - UK

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France 24

'We need to stay engaged with developing countries': World Bank's van Trotsenburg

The World Bank and International Monetary Fund's Spring Meetings kicked off this week with concerns over high inflation, rising geopolitical tensions, climate change and financial instability. World Bank Senior Managing Director Axel van Trotsenburg told FRANCE 24 that "we need to stay engaged with developing countries. More than ever, problems…

Asharq Al-Awsat

Italy Vows Help with IMF in Bid to Stabilize Tunisia

Italy on Thursday vowed a host of investments in Tunisia and help negotiating an International Monetary Fund bailout as Rome seeks to stabilize the North African country's economic crisis and stem the increased number of migrants coming to the European nation. Foreign Minister Antonio Tajani outlined Italy’s efforts and pledges…

Asharq Al-Awsat

Oil Edges Down on US Recession Risk

Oil prices slipped on Thursday as the prospect of a possible recession in the United States, the world's largest oil consumer, offset concerns of tight supply. Brent crude fell 55 cents, or 0.63%, to $86.78 a barrel by 1352 GMT.

The Independent UK

Italy vows help with IMF in bid to stabilize Tunisia

Italy is vowing a host of investments in Tunisia and help negotiating an International Monetary Fund bailout for the North African country

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StockNews.com

Analysts Rated These 3 Stocks As "Buy Now"... But Are They?

While inflation came in lower than expected in March, rising worries about a potential recession due to the recent financial crisis are expected to keep the stock market under immense pressure in the near term. Amid this, let’s find out if UnitedHealth Group (UNH), Clean Energy Fuels (CLNE), and Altus…

The Guardian - UK

Wealthy west has little excuse after finally waking up to global debt crisis

As recent banking failures in US and Europe show, rich countries can act quickly when they want to

The Guardian - UK

Strikes drag UK economic growth to a standstill; mortgage defaults rising as households struggle – as it happened

Latest GDP report shows that civil service and teachers’ strikes held back service sector growth, leading to no growth in February

Financial Times

How China changed the game for countries in default

The fragile process for dealing with insolvent economies is now at risk of unravelling completely owing to a powerful and unpredictable force in sovereign debt

ABC News

Australia must navigate 'choppy waters' amid gloomy global economic outlook, says Jim Chalmers

Jim Chalmers says his budget will be built on the expectation that the economy will "slow considerably" but Australia is "better placed than most to deal with this global uncertainty".

Reuters

UK confirms further $500 million in loan guarantees for Ukraine

Britain is ready to provide an extra $500 million of loan guarantees to Ukraine, taking the total this year to $1 billion, British finance minister Jeremy Hunt said on Wednesday.

The Independent UK

Zelenskyy calls for confiscating Russian Central Bank funds

Ukraine’s president is renewing his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine

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