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The Latest Breaking News from International Monetary Fund

Pakistan fails to reach deal with IMF: What it means for economy

NEW DELHI: Cash-strapped Pakistan's woes deepened further after it failed to reach a consensus with International Monetary Fund (IMF) for $1.1 billion funding.

The Times of India

Top international stories of the day

Rescuers pulled several people alive from the shattered remnants of buildings on Friday, some who survived more than 100 hours trapped under crushed concrete in the bitter cold after a catastrophic earthquake slammed Turkey and Syria, killing more than 22,000.

The Times of India

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

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Pakistan says it agrees to IMF terms on release of $1.1bn payout

As IMF team leaves after 10 days of talks, finance minister Ishaq Dar says ‘routine procedures’ have delayed payment.

Al Jazeera

Crucial $1.1 billion IMF deal eludes Pakistan for now; talks continue

Pakistan and the International Monetary Fund are to resume talks online next week they said on Friday, after ten days of face-to-face discussions in Islamabad on how to keep the country afloat ended without a deal.

Reuters

Have China and Pakistan Hit a Roadblock?

Beijing-funded infrastructure projects have slowed, but their longtime partnership remains inevitable.

Foreign Policy

IMF says Peru unrest could dent growth, recommends temporary stimulus

Peru's economic outlook is "very uncertain," but strong economic fundamentals could provide a buffer against prevailing risks, the International Monetary Fund (IMF) said on Thursday after an annual visit to the country.

Reuters

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Pakistani PM approves IMF agreement, says Geo citing sources

Pakistan's Prime Minister Shahbaz Sharif has approved a deal with the International Monetary Fund (IMF) and all mattters over the bailout program are settled, local broadcaster Geo said on Thursday, citing sources.

Reuters

Pakistan Finance Minister says expect IMF matters to be settled today - Dawn news

Pakistan's finance minister was quoted on Thursday as saying he expects talks with a visiting International Monetary Fund mission to be settled today.

Reuters

Inflation and recession: Can the world defeat both in 2023?

No, it must accept one, per conventional wisdom. But Europe’s showing another way, though it won’t be painless either.

Al Jazeera

China’s Growth Prospects After Zero-Covid

Despite the IMF upgrading its GDP projection, China is facing major downward pressures that seem likely to constrain its recovery, in both the short and medium term.

The News Lens

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

DWP to close 20 Jobcentres putting dozens of roles at risk

It is understood 50 roles will be at risk as part of the closures

Wales Online

Sri Lankan leader appeals for patience amid economic crisis

Sri Lanka’s president has appealed for patience amid the country’s worst economic crisis but promised brighter times ahead

The Independent UK

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The Times of India

Explained: What happens if Pakistan defaults on its debt

NEW DELHI: Cash-strapped Pakistan economy is in dire states with plunging currency, soaring inflation, a balance of payments crisis, diminishing forex reserves all amid political chaos and a deteriorating security situation.

Reuters

Paris Club creditors give assurances to back IMF bailout for Sri Lanka

The Paris Club of creditors has given financing assurances to support the International Monetary Fund's approval of an extended fund facility for Sri Lanka, the Sri Lankan president's office said on Tuesday.

The Independent UK

Lebanese banks close doors to customers to protest ruling

Lebanon’s battered commercial banks have closed their doors to customers in protest of a recent court ruling that forced one of the country’s largest banks to pay out two of its depositors their trapped savings in cash

Asharq Al-Awsat

Lebanese Banks to Start Open-Ended Strike, to Keep ATMs Working

Banks in Lebanon will start an open-ended strike from Tuesday but will keep ATMs operating for basic services, the Lebanese Banks Association said on Monday, urging authorities to pass overdue measures to deal with a deep financial crisis. The decision came after a meeting by the association to discuss judicial…

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Fortune

IMF: U.S. economy might yet manage to pull off a soft landing and avoid recession

Treasury Secretary Janet Yellen also downplayed the risk of the U.S. economy contracting: “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years.”

Reuters

Pakistan, IMF grapple for consensus to unlock critical funding

Pakistan and the visiting International Monetary Fund mission are struggling to arrive at a consensus on fiscal adjustment plans, sources said on Monday, in talks aimed at unlocking critical funds needed for the ailing South Asian economy.

StockNews.com

Boost Your Passive Income in 2023 With These 2 Stocks

The Fed’s hawkish stance to curb inflation is likely to continue throughout 2023, which could keep the stock market under some pressure. Amid price fluctuations, investors looking for passive income could scoop up quality dividend-paying stocks Valero Energy (VLO) and Powell Industries (POWL) this year. Read on….

The Independent UK

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 Guardian - UK

Trade down, economy sinking, support falling: is the tide finally turning on Brexit?

Three years on, Bregret hits home in Britain. For the EU, though, life has moved on

Al Jazeera

Sri Lankans lament Independence Day pomp amid economic crisis

Armed troops parade in Colombo amid criticim over the event’s cost at a time of dire economic crisis.

Asharq Al-Awsat

French Envoy Criticizes Lebanon over 'Slow' Reforms Needed for IMF Loan

The French diplomat charged with coordinating international support for Lebanon, so it can receive International Monetary Fund aid, on Friday criticized the slow pace of reforms in the crisis-hit country. The IMF last April announced an agreement in principle with Beirut for $3 billion in aid spread over four years,…

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