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The Latest Breaking News from International Monetary Fund

Inflation, IMF austerity and grandiose military plans edge more Egyptians into poverty

Two-thirds of the population are struggling with falling living standards as even the once-thriving middle classes hunt for second jobs and eat less

The Guardian - UK

IMF: Gov. Strategy Helped the Saudi Economy

The International Monetary Fund (IMF) confirmed that government-led reforms and private investment growth in new sectors would help support non-oil economic growth in Saudi Arabia to be less dependent on oil. The Saudi economy grew 8.7 percent last year, while the real GDP during the fourth quarter of 2022 increased…

Asharq Al-Awsat

IMF says inflation to slow growth across Mideast this year

Economies across the Middle East and Central Asia will likely slow this year as persistently high inflation and rising interest rates bite into their post-pandemic gains

The Independent UK

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IMF Raises Asia’s Economic Forecast on China Recovery, Warns of Risks

The International Monetary Fund (IMF) raised Asia's economic forecast on Tuesday as China's recovery underpinned growth, but warned of risks from persistent inflation and global market volatility driven by Western banking-sector woes. The reopening of China's economy will be pivotal for the region with the spillover to Asia seen focused…

Asharq Al-Awsat

Asia-Pacific to grow 4.6% in 2023; India, China to contribute half of global growth: IMF

India and China, the two largest emerging market economies of the region, are expected to contribute around half of global growth.

The Hindu

Tracking the impact of U.S.-China tensions on global financial institutions

NPR's Steve Inskeep asks the president of a China-led development bank about the impact of the friction between the U.S. and China.

WEKU

Paraguay's President-elect Santiago Pena: puppet or pragmatist?

Paraguay's President-elect Santiago Pena, a clean-cut former central bank director, will need all his wits and cool to steer the South American nation through economic headwinds hurting voters and rising pressure from farmers to cut ties with Taiwan.

Reuters

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Sri Lankan Parliament votes to support IMF recovery program

Sri Lanka’s Parliament has voted to support the implementation of a four-year International Monetary Fund program aimed at solving the country’s economic crisis and reducing its debt burden

The Independent UK

France, Barbados, Zambia back new climate finance advocacy campaign

The leaders of France, Spain, Barbados and Sierra Leone were among those to back a new coalition on Thursday aiming to accelerate the flow of climate-related finance to the world's poorest countries.

Reuters

EU, Other Nations Warn Lebanese Officials on Worsening Economic Crisis

The European Union and seven other countries said in a joint statement on Thursday that Lebanon “faces one of the worst economic crises in modern history” and called for “meaningful reforms.” “This month marks one year since Lebanon reached a Staff-Level Agreement (SLA) with the International Monetary Fund (IMF),” said…

Asharq Al-Awsat

Sri Lanka seeks $17 billion debt reduction by restructuring

Sri Lanka’s president has asked its parliament to approve a four-year International Monetary Fund program to restructure the country's $17 billion in foreign debt

The Independent UK

Global economic uncertainty means oil prices -- and your fuel bill -- will continue to surprise this year

Oil prices have confounded expectations in the first quarter of 2023. Brent – a major global benchmark – hit a low of US$72 (£58) a barrel on March 17, while the world’s other main benchmark, WTI, dropped to less than US$66 a barrel. This is a far cry from the…

The Conversation

IMF approves immediate disbursement of about $153 million to Tanzania

The executive board of the International Monetary Fund on Monday approved the first review of Tanzania's three-year extended credit facility, allowing immediate disbursement of about $153 million in budgetary support, the IMF said in a statement.

Reuters

Hayley Atwell's Mission: Impossible Journey With Tom Cruise Could Have Started A Lot Sooner

The world can't wait to experience Hayley Atwell's Mission: Impossible entrance, and history almost made it happen much earlier.

Cinemablend

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Bangkok Post

Schizophrenia being displayed at the IMF

It has taken far too long, but it seems that the International Monetary Fund has finally internalised some hard truths about sovereign-debt reduction. Chief among them is that growing economies have an easier time repaying. As such, fiscal consolidation -- the organisation's favoured strategy -- undermines efforts to reduce debt-to-GDP…

The Independent UK

Minister: UK has relationship with African people while China focuses on elites

Andrew Mitchell said development is ‘above all about stopping conflict’ as violence continued to rock Sudan.

The Guardian - UK

Sunak criticised for ‘own goal’ over loss of tax-free shopping for tourists, as PM tries to woo business leaders – as it happened

Rishi Sunak hears concerns over tax-free shopping rules, AI and CBI allegations at first summit with UK corporate leaders

The Independent UK

PM to kick off business conference aimed at boosting UK’s economic growth

Rishi Sunak said the Business Connect event would bring the UK’s biggest companies and investors together for ‘meaningful dialogue’.

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The Independent UK

UK to be hit with fastest and harshest price rises in the G7

Forecasts show that prices for everyday goods are set to rise 40 per cent faster in the UK than any other major advanced economy

Radio France Internationale

France, Japan, India team up to rescue Sri Lanka from China debt trap

France, India and Japan have teamed up and invited others to join in the rescue of Sri Lanka’s crippled economy, a crisis blamed on mindless spending by the island’s rulers of money borrowed from China.

The New Daily

The Treasurer has great ideas, but barely a chance to them into action

The Treasurer's upcoming budget will be difficult. So difficult that it’s unlikely to see any reforms to rein in spending or grow revenue .

Asharq Al-Awsat

Bahrain Hails IMF's Report on Kingdom's Unemployment Rate

Bahrain's Labor Minister Jamil bin Muhammad Ali Humaidan underscored the international community’s confidence in the Kingdom's public aimed at sustaining growth in the labor market. Humaidan's statements highlighted the indicators revealed by the International Monetary Fund (IMF) in its latest report, which expected unemployment rate in Bahrain to drop to…

Reason

The Biden Administration Reduced the Debt-to-GDP Ratio in the Worst Possible Way

The main driver behind the reduction is inflation—inflation that politicians created with their irresponsible spending.

The Week

Pakistan’s descent into crisis

Pakistan appears to be on the brink of a full-blown crisis with the country struggling to get on top of mounting security threats, political uncertainty and economic instability.

The Guardian - UK

This isn’t wage-price inflation, it’s greedflation – and big companies are to blame

British ministers seem keen to avoid what the data tells us, says the Guardian’s economics editor, Larry Elliott

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