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The Latest Breaking News from International Monetary Fund

Egypt Government Moves to Control Currency Exchange Rate

The Egyptian government pledged to “control the market,” stressing that the US dollar crisis is on its way to being resolved. It has also sought to crack down on currency dealers in the “black market.” The value of the Egyptian pound declined against the US dollar following the Central Bank’s…

Asharq Al-Awsat

Third of world could be in recession in 2023, IMF chief warns

Kristalina Georgieva, the managing director of the International Monetary Fund, is warning that this year will be tougher than the last and that the war in Ukraine, rising inflation and higher interest rates will weigh heavily on the global economy. She expects the EU to be particularly hard hit, with…

France 24

Ukraine's debts: US aims to get IMF to reexamine loan fees

A provision in the recently signed defense spending bill mandates that the United States work to ease Ukraine’s debt burden at the International Monetary Fund

The Independent UK

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Former Russian President Says Elon Musk Will Be America’s Next President

Former Russian President Says Elon Musk Will Be America's Next President

Zenger

Analysts predict economic struggles for Zimbabwe in 2023

Ahead of the 2023 polls, there are concerns that Zimbabwe’s economic woes could spill over.

Al Jazeera

Economic risks to watch out for in 2023

The world will end 2022 with big celebrations. Yet not because of robust economic growth, as growth this year is projected to be only 3.2% -- following the International Monetary Fund's (IMF) recent projections -- compared to 6.0% growth in 2021.

Bangkok Post

The Global Economy Caught Between Wars and Geopolitical Conflicts

There is a saying, "When the US economy sneezes, the emerging markets get a cold." The global economy now may be more complex: it is more resilient in terms of where new economic growth emerges, but more vulnerable in terms of risk emanating from the United States, but also in…

Asharq Al-Awsat

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How Putin’s war and small islands are accelerating the global shift to clean energy, and what to watch for in 2023

The year 2022 was a tough one for the growing number of people living in food insecurity and energy poverty around the world, and the beginning of 2023 is looking bleak.

The Conversation

Tunisia Expects Inflation to Reach 10.5% in 2023

Tunisia expects inflation to average 10.5% in 2023, up from 8.3% expected for 2022, as inflationary pressures continue to increase, economy minister Samir Saeed said on Monday. The Tunisian government has no alternative to an agreement with the IMF, Saeed added. Tunisia has reached a staff-level agreement with the IMF…

Asharq Al-Awsat

India's GDP to grow at 6.8% in current fiscal year, should prepare for headwinds: IMF

NEW DELHI: Amid persisting challenges from a gloomy global economic scenario, the International Monetary Fund (IMF) on Friday projected India to grow by 6.8% in financial year 2022-23.

The Times of India

Middle East round-up: Only one in 10 vote in Tunisian elections

Here’s a round-up of Al Jazeera’s Middle East coverage this week.

Al Jazeera

Ghana to default on most international debt

Ghana has suspended payments on most of its foreign debts, effectively defaulting as the country starts restructuring, as part of a bailout deal with the International Monetary Fund.

Radio France Internationale

IMF approves Ukraine monitoring program to help spur donor financing

The International Monetary Fund has approved a four-month program for Ukraine aimed at maintaining economic stability following Russia's invasion of the country, and helping promote donor financing.

Reuters

Cabinet: Egypt's New IMF Agreement Aims to Reduce Government Debt

The new International Monetary Fund (IMF) $3 billion financial support package for Egypt aims to reduce government debt to less than 80% of gross domestic product (GDP) in the medium term, a cabinet report released on Saturday said. The fund did not require the Egyptian government to cut spending on…

Asharq Al-Awsat

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Radio France Internationale

France probes former IMF chief Dominique Strauss-Kahn over alleged tax fraud

French authorities have opened a preliminary investigation into the consulting activities of former International Monetary Fund chief Dominique Strauss-Kahn to look into alleged tax fraud revealed in the so-called "Pandora Papers".

France 24

Morocco defeated by France in World Cup semi-final clash

It's the end of the road for Morocco's World Cup campaign, after France beat them 2-0 in their semi-final showdown. The Atlas Lions have still made it further than any African team in the history of the tournament. Also, as the US-Africa Summit continues in Washington, $55 billion have been…

Reuters

IMF not expected to discuss Sri Lanka before year-end -sources

The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka's $2.9 billion bailout before year-end, a key step required for the embattled country to receive funding, two sources familiar with the matter said.

Reuters

IMF shareholders deeply divided on whether to suspend surcharges on some loans

The International Monetary Fund's executive board on Monday discussed the surcharges it collects from mostly middle- and lower-income countries on larger loans that are not repaid quickly, but failed to agree to launch a formal review.

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Reuters

IMF chief Georgieva cites 'fruitful exchange' with China on debt issues

International Monetary Fund chief Kristlina Georgieva said she had a "fruitful exchange" with her Chinese counterparts this week on her repeated calls for accelerating debt treatments for countries like Zambia and Sri Lanka.

Asharq Al-Awsat

Explainer: Why Can’t Lebanon Elect a President?

Lebanon has been without a president for over a month, its legislators unable to agree on a new head of state. The impasse is holding up a range of initiatives, from putting into place structural reforms for an International Monetary Fund program to allowing the country’s state-owned television channel to…

The Times of India

Call for peace to avert food, fuel & fertiliser crisis

UDAIPUR: There was strong convergence at the G20 meet here on Monday, among most member countries on the need for peace and harmony and an end to the war in Ukraine to ease the food, fuel and fertiliser crisis that is severely hurting the world economy.

RideApart

The IMF Now Has A Championship Dedicated For Female Riders

The IMF has launched a new racing series that is exclusive to women called the Campionato Italiano Velocità Femminile, or Italian Women’s Speed Championship.

The Independent UK

EXPLAINER: Can Ukraine pay for war without wrecking economy?

Ukraine has won victories on the battlefield against Russia but faces a looming challenge on the economic front

Asharq Al-Awsat

Jordan’s Draft 2023 Budget Forecasts Lower Deficit, Steady Economic Growth

Finance Minister Mohamad Al Ississ said on Wednesday that Jordan's draft 2023 budget forecasts 11.4 billion dinars ($16 billion) in state expenditure as the economy's recovery gathers pace. Al Ississ said in a statement the budget deficit was expected to fall to 2.9% of GDP next year from 3.4% this…

WEKU

China should end its anti-COVID lockdowns, the head of the IMF says

The change could calm widespread protests, and would ease the impact to a world economy already struggling with high inflation, an energy crisis and disrupted food supply.

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