The Latest Breaking News from International Monetary Fund

Analysis, carried out by the Energy and Climate Intelligence Unit (ECIU), estimates that the UK paid between £50-60 billion more for wholesale gas in 2022 than in a typical pre-pandemic year

Comments come at the back of a 10-day visit by an IMF delegation, as Pakistan hopes to unlock $1.1bn of crucial funds.

Economists say cash-strapped Pakistan’s latest plan for economic recovery is likely to take a painful toll on its poor

Lebanese Finance Minister Youssef Khalil said replacing central bank governor Riad Salameh, who has held the job for three decades, would be difficult and that his term may be extended though no consensus has yet been reached. Salameh, who is being investigated by European and Lebanese prosecutors for alleged embezzlement…

Pictures of devastation in Ukraine following Russia's invasion have sparked urgent questions over how its reconstruction can be paid for. But before they can even begin to be answered, Kyiv is seeking billions just to ride out this year.

This 29-year-old spearheaded a protest movement that toppled Sri Lanka's government. But after his triumphant moment, Wasantha was taken into a feared detention system where prisoners have been tortured and killed.

Leading climate figures are urging the Biden administration to use the early departure of the Trump-appointed head of the World Bank as an opening to overhaul the powerful financial institution

Measures proposed to secure the crucial loan include raising the general sales tax by a percentage point to 18 percent.

Economy and business backdrop is grim, but the energy boom and shareholder payouts have helped