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The Latest Breaking News from International Monetary Fund

US Official: Lebanon Has 'No Other Way Out' of Crisis than IMF Deal

Lebanon has no alternative for economic recovery but to make progress on a deal with the International Monetary Fund, US Assistant Secretary of State for Near Eastern Affairs Barbara Leaf said in an online briefing on Thursday. Leaf, who visited Lebanon and other countries in the region in recent weeks,…

Asharq Al-Awsat

World Bank chief calls for dramatic hike in funding to help developing world

Outgoing boss David Malpass says more money needed to combat overlapping crises of war, pandemics and climate emergency

The Guardian - UK

Countries in stronger position should help others with debt woes -IMF chief

Countries in a relatively stronger position should help vulnerable nations especially those under debt distress, International Monetary Fund managing director Kristalina Georgieva said on Thursday.

Reuters

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Fernández, Biden hold talks amid Argentina's economic strain

President Alberto Fernández of Argentina has used a White House meeting to spotlight the economic strain his country faces as he looks for President Joe Biden to back Argentina’s effort to renegotiate with the International Monetary Fund on terms of $44 billion debt

The Independent UK

Sri Lanka slashes fuel prices in welcome relief amid crisis

Sri Lanka’s government has announced significant cuts in fuel prices, providing welcome relief for many after a year of shortages and skyrocketing prices amid the country’s worst economic crisis

The Independent UK

China ramping up bailout loans to 'Belt and Road' countries

LONDON: China has handed out US$240 billion worth of bailout loans to 22 developing countries at risk of default over the past two decades, with the trend accelerating in recent years, a report said Tuesday.

Bangkok Post

IMF team in Ethiopia for talks on new funding programme -Bloomberg News

International Monetary Fund officials are in Ethiopia this week doing technical work to prepare for a potential IMF-supported program for the East African country, an IMF spokesperson said on Monday.

Reuters

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IMF approves $80.77 million to help Burkina Faso address balance of payment needs

The International Monetary Fund's Executive Board on Monday approved a disbursement of $80.77 million to help Burkina Faso address its balance of payment needs, the Fund said in a statement.

Reuters

Latest in Ukraine: Putin will move tactical nuclear weapons into Belarus (March 27)

Catch up on key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

WEKU

Bank failures have 'increased' threats to global financial stability, IMF says

Global economic growth was expected to slow this year, but this month's banking crises have raised the risk of even bigger problems.

Fortune

'Sri Lanka to seek fresh $1 billion credit from India to buy essential items'

COLOMBO: Sri Lanka would seek a new temporary credit facility of $ billion from India to purchase essential items including food and medicine, the official media here reported on Monday.

The Times of India

France, Italy to Support Tunisia Control Irregular Migration

France is ready to help cover Tunisia's remaining financing needs for 2023 and 2024, said France’s ambassador to Tunisia, André Parant, announcing that a package of 250 million euros is currently awaiting disbursement to help the country bridge its budgetary gap. In an interview with the Tunisian news agency, TAP,…

Asharq Al-Awsat

IMF chief warns global financial stability at risk from banking turmoil

Kristalina Georgieva joins others in voicing fears about threat to world economy after recent bank collapses

The Guardian - UK

Pakistani ex-PM Khan sets out economic rescue plan at rally

Former Pakistani Prime Minister Imran Khan says the government has no plan to bring the country out of crisis

The Independent UK

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Asharq Al-Awsat

US Warns Situation in Lebanon Cannot Persist

US Assistant Secretary of State for Near Eastern Affairs Barbara Leaf warned Lebanese officials on Friday that the situation in their country cannot persist amid the crippling economic, living and political crises it is enduring. Leaf had arrived in Beirut as part of a tour of the region that includes…

The Independent UK

Protesters in Suriname demand president resign

A few hundred protesters have gathered in Suriname’s capital to demand that the president of the South American country resign

Reuters

Ukraine creditors group: provides assurances to support IMF steps to help Ukraine

The Group of Creditors of Ukraine (GCU) body said on Friday that it had provided financing assurances to support the International Monetary Fund's (IMF) approval for an upper credit tranche programme to help restore Ukraine's economy.

Asharq Al-Awsat

US Says Tunisia President Weakened Democratic Controls

Tunisian President Kais Saied has caused "enormous concern" about where Tunisia is headed with moves that have weakened democratic checks and balances, US Assistant Secretary of State Barbara Leaf said on Thursday. Leaf told Reuters that after years of efforts to build democracy, "what we've seen in the last year…

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Inverse

'Mission: Impossible 8' Brings Back a Character Only Hardcore Fans Will Remember

Remember CIA Analyst William Donloe? Well, he's back for one last impossible mission in 'Mission: Impossible — Dead Reckoning.'

Asharq Al-Awsat

IMF Says Preparing for 1st Review of Egypt Program

Preparations for the first review of Egypt's economic reform program with the International Monetary Fund have begun and dates for the review mission will be announced when agreed with the authorities, an IMF spokesperson said on Thursday. The IMF approved in December a $3 billion Extended Fund Facility loan for…

Asharq Al-Awsat

IMF: Lebanon is in 'Very Dangerous Situation'

The International Monetary Fund warned on Thursday that Lebanon was in a very dangerous situation a year after it committed to reforms it has failed to implement and said the government must stop borrowing from the central bank. IMF mission chief Ernesto Rigo told a news conference in Beirut that…

The Independent UK

IMF warns without reforms, Lebanon could see hyperinflation

The International Monetary Fund has given a grim assessment of Lebanon’s prospects for getting out of its deepening financial crisis

Reuters

IMF: Lebanon in 'very dangerous situation' with reforms stalled

Reuters

US says Tunisia president weakened checks and balances

Tunisian President Kais Saied has caused "enormous concern" about where Tunisia is headed with moves that have weakened democratic checks and balances, U.S. Assistant Secretary of State Barbara Leaf said on Thursday.

Asharq Al-Awsat

Saudi Ambassador, IMF Delegation Discuss Conditions for Lebanon’s Recovery

Saudi Arabia’s ambassador to Beirut Walid Al-Bukhari discussed with the International Monetary Fund (IMF) delegation the necessary conditions for Lebanon's economic recovery. Al-Bukhari met with the visiting IMF delegation, headed by Ernesto Ramirez Rigo, on Wednesday at his residence in Yarzeh, east of Beirut. Talks during the meeting touched on…

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