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The Latest Breaking News from International Monetary Fund

Commentary: Ukraine should not abandon its domestic debt market as it battles Russia

The financial support provided by international partners helped Ukraine withstand the beginning of Russia’s full-scale invasion and became a significant source of funds throughout 2022. This year, our country will also need continuous financial support. However, it will be difficult for the government to reduce budget expenditures because direct injections…

Chicago Tribune

Pakistan 'will have to agree' to IMF conditions for bailout: Shehbaz Sharif

ISLAMABAD: Pakistan's prime minister Shehbaz Sharif said on Friday that the International Monetary Fund (IMF)'s demands are “beyond imagination" but admitted that the government had no choice and would have to accept the terms and conditions to avail the fund from the international body.

The Times of India

IMF giving Pakistan tough time in 'unimaginable' economic crisis - PM

Pakistan Prime Minister Shehbaz Sharif said on Friday the International Monetary Fund was giving his country a "tough time" over unlocking stalled funding from a $6.5 billion bailout at a time of "unimaginable" economic crisis.

Reuters

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Ukraine's Zelensky vows to hasten EU membership after Kyiv summit

Top EU officials met with Ukrainian President Volodymyr Zelensky during a summit in Kyiv on Friday in a show of support for the country as it battles to counter Russia's forces and strives to join the 27-member bloc. Ahead of the summit, European Council President Charles Michel said Moscow's invasion…

France 24

UK to perform worst of major economies in 2023, says IMF – here’s how to achieve long-term growth

The International Monetary Fund (IMF) has produced another dismal forecast for the UK economy. The IMF expects it to contract by 0.6% in 2023, whereas all other major economies are expected to grow – including sanctions-hit Russia. Meanwhile the Bank of England expects the UK economy will be no larger…

The Conversation

Rod Oram: Floods and strikes should shock NZ from complacency

We can avoid a recession if companies invest wisely in their future; our mood will be the crucial determinant.

Newsroom.co.nz

Pakistan is roiled by multiple crises at once, with little end in sight

A storm of global issues, from the Russian invasion of Ukraine to the Taliban's takeover of Afghanistan, has exposed and exacerbated Pakistan's political, economic and security fault lines.

WEKU

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Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%

The Independent UK

More interest rate increases are warranted, says IMF

Australia's economy is tracking toward a soft landing but the International Monetary Fund envisions more cash rate increases in 2023.

AAP

Rishi Sunak’s first 100 days — Raab, Zahawi and the ‘anti-tax loons’

Personnel dramas, infighting and growing fissures caused by the ‘anti-tax loons’ are threatening to de-rail Sunak. Amidst intimidating new statistics from the IMF, can the PM prove his naysayers wrong, asks Anne McElvoy

Evening Standard

Watch: James Cartlidge makes statement after IMF forecasts UK economy to shrink

Watch as British junior finance minister James Cartlidge makes a statement on the latest IMF forecast, which slashes the UK’s growth outlook.

The Independent UK

Why the UK economy is worse off than Russia and other EU countries

IMF says UK economy will contract by a worse-than-expected -0.6 per cent

The Independent UK

SNP and Labour blame Tories for predicted economy shrink

The UK is set to be the only major economy to shrink this year with all other developed nations experiencing growth, including sanction-hit Russia.

Daily Record

IMF says global growth 'surprisingly resilient' in updated forecast

The International Monetary Fund's new projections for 2023 show GDP for the world economy growing by 3.2 percent, compared to a 1.9 percent expansion last year. The improved forecast is aided by China's scrapping of its zero-Covid policy and the fall in gas prices. Also on the programme, we report…

France 24

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The Guardian - UK

No 10 warns public of ‘significant disruption’ tomorrow because of mass strikes – as it happened

Lecturers and university staff will walk out on Wednesday as teachers and train drivers also take action; ambulance staff to stage further strikes

Evening Standard

Family food bills up by £800 a year

Record 16% surge in shopping prices, Kantar survey shows

Asharq Al-Awsat

IMF Upgrades Outlook for the Global Economy in 2023

The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine. That's the view of the International Monetary Fund, which now expects the world…

The Independent UK

IMF warns UK economy is set for sharp contraction in ‘weakest performance among G7’

IMF predicts UK economy will contract by 0.6% in 2023 as Britain looks set to suffer more than most from soaring inflation

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Wales Online

UK tipped to be weakest major economy in world as cost-of-living crisis hits households hard

The IMF has predicted UK output to shrink by 0.6% this year

The Independent UK

UK economy to shrink more than Russia, predicts IMF

The forecast leaves the UK economy languishing behind sanctions-hit Russia

Daily Mirror

UK economy to go BACKWARDS in 2023 with worst performance of all major nations

The UK is set to see its economy contract 0.6% this year according to the International Monetary Fund which will be the worst performance of all the advanced nations

Evening Standard

UK recession warning as IMF predicts weakest performance among G7

Britain's economy will slam into reverse this year as the cost-of-living crisis hits households hard, the International Monetary Fund warns

Reuters

Bangladesh secures $4.7 billion from IMF as other South Asian countries see delays

The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the first to secure such funds out of three South Asian countries that applied last year amid economic trouble.

Al Jazeera

Bangladesh to get $4.7bn IMF package

The funding comes under a new programme which aims to help vulnerable middle-income countries and island states.

Asharq Al-Awsat

Egypt Central Bank: Pound Slips to New Low against Dollar

The Egyptian pound dipped to a new low Monday of just over 30 for $1, as the country continues to battle surging inflation and foreign currency shortages, authorities said. The landmark slide in Egypt's Central Bank selling rate is the latest in a series of tumbles following the country's $3…

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