The Latest Breaking News from International Monetary Fund

The International Monetary Fund (IMF) is allowing Sri Lanka to utilise funds from its latest bailout for fiscal support, unlike previous loans that could only be used to ease balance of payments crises, central bank governor Nandalal Weerasinghe said in an interview with Bloomberg.

The International Monetary Fund said on Tuesday Argentina informed the IMF it will merge two payments due this week into a single payment of about $2.7 billion on March 31.

Sri Lanka's National Consumer Price Index (NCPI) rose 53.6% in February on the year, after a rise of 53.2% in January, the statistics department of the debt-stricken country said on Tuesday.

The International Monetary Fund says it is assessing Sri Lanka's governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program

European Union foreign policy chief Josep Borrell said Monday that the EU is worried about the deterioration of the political and economic situation in Tunisia. “The situation in Tunisia is very dangerous,” he warned after a meeting of EU foreign ministers in Brussels.

The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7 billion more from other lenders such as the World Bank and the Asian Development Bank.

When Ranil Wickremesinghe took over as Sri Lanka's president in July after a popular uprising ousted his predecessor, the South Asian island nation was engulfed in its worst economic meltdown in 75 years.

Sri Lanka will get the first $330 million tranche of an International Monetary Fund bailout in the next two days, the global lender said on Tuesday, putting the onus on the cash-strapped country to rein in its debt to sustainable levels.

The International Monetary Fund says its executive board has approved a nearly $3 billion bailout program for bankrupt Sri Lanka