The Latest Breaking News from International Monetary Fund

Time for an Asian Monetary Fund

Although the International Monetary Fund (IMF) has long been the most prominent global institution for promoting financial stability, calls to create regional alternatives are growing louder.

Bangkok Post · Jun 13, 2023

Why is the EU offering Tunisia a financial assistance package?

The EU hopes to stem the number of refugees departing for Europe from the country’s coast during an economic crisis.

Al Jazeera · Jun 12, 2023

UBS completes takeover of Credit Suisse to form Swiss banking behemoth

The merger was finalised just under three months after a rapid agreement brokered by the Swiss government. Meanwhile, European leaders are exerting pressure on Tunisia to accept a $1.9 billion IMF bailout. In other news, financier George Soros is transferring control of his $25 billion empire to his 37-year-old son.

France 24 · Jun 12, 2023

Pakistan lays out budget but may not satisfy IMF

The ‘plain-vanilla’ budget is unlikely to satisfy IMF, which could lead to the South Asian nation defaulting on debt.

Al Jazeera · Jun 9, 2023

Bank of England interest rates announcement to be made in June - what to expect

Experts have warned that inflation may not have fallen low enough to prevent another hike in interest rates

Manchester Evening News · Jun 9, 2023

Crisis-hit Pakistan set to present budget as IMF watches

Pakistan hopes budget will help unlock more than $2.5bn left in $6.5bn IMF bailout programme expiring this month.

Al Jazeera · Jun 9, 2023

Italy's Meloni expresses hope for deal on IMF bailout of Tunisia as she preps weekend visit

The leaders of Italy and the Netherlands along with the EU Commission president travel to Tunisia on Sunday with a packet of initiatives to help create security in Tunisia, easing the way for a possible international bailout

The Independent UK · Jun 8, 2023

Pakistan PM hopeful of IMF deal this month amid escalating crisis

Shehbaz Sharif’s statement comes as Pakistan seeks immediate release of $1.1bn from IMF, part of $6.5bn bailout package.

Al Jazeera · Jun 6, 2023

IMF's Gopinath: We lack the 'luxury of time' with A.I.

Gita Gopinath argued that automation in manufacturing is an example of how experts can't accurately gauge the impact of tech on the labor force.

Fortune · Jun 6, 2023

Sri Lanka to reduce drug prices by 16% as crisis eases- minister

Sri Lanka will slash the price of 60 essential drugs by 16% from June 15, the Health Minister said on Tuesday, as the country sees a glimmer of relief from its worst financial crisis in decades.

Reuters · Jun 6, 2023