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The Latest Breaking News from International Monetary Fund

What is the IMF? Leaders to meet in Morocco in aftermath of earthquake

The world economy needs Africa to prosper, says the IMF’s chief

Evening Standard · Mar 22, 2023

War-torn Ukraine to receive first loan from IMF

The International Monetary Fund (IMF) and Kyiv have reached a staff-level agreement for a $15.6 billion loan which should be finalised in the coming weeks. The Washington-based lender had previously changed its rules in order to allow loans to countries facing "exceptionally high uncertainty", without naming Ukraine specifically. Also in…

France 24 · Mar 22, 2023

Ukraine, IMF agree on $15.6 billion loan package REDIRECTED

The IMF and Ukraine have agreed on a new loan package to support the government's financies severely strained by Russia's invasion

The Independent UK · Mar 22, 2023

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IMF, Ukraine Reach Staff Level Agreement on $15.6b 'EFF Arrangement'

The International Monetary Fund announced on Tuesday that it reached with Ukrainian authorities a staff have a staff-level agreement that would be supported by a new 48-month Extended Fund Facility (EFF) Arrangement. It said the EFF, with requested access of around $15.6 billion aims to support the Ukrainian authorities anchor…

Asharq Al-Awsat · Mar 22, 2023

Zelensky says Ukraine will 'respond to every blow' after Russian attacks

Ukrainian President Volodymyr Zelensky on Wednesday said his country would "respond to every blow" after Russian strikes killed at least seven people in the Kyiv region, and claimed another victim in southern Zaporizhzhia. Follow our blog to see how the day's events unfolded. All times are Paris time (GMT+1).

France 24 · Mar 22, 2023

Asian currencies subdued as investors await Fed decision

SYDNEY: Most Asian currencies were tepid on Wednesday, with the Philippine peso falling most, as investors await the conclusion of the Federal Reserve's (Fed) policy meeting for clarity on the future United States rate path.

Bangkok Post · Mar 22, 2023

Sweden approves bill to allow country to join Nato; US says China is watching west’s response to Russia – as it happened

Sweden says membership of Nato is best way to safeguard security; Anthony Blinken warns reaction to war in Ukraine has impact in Asia

The Guardian - AU · Mar 22, 2023

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Sri Lanka receives first tranche of IMF bailout, says president

Ranil Wickremesinghe says his government will kick off next round of talks with creditors in the third week of April.

Al Jazeera · Mar 22, 2023

Sri Lanka to start next round of talks with creditors in April

Sri Lanka will kick off the next round of talks with creditors in the third week of April, President Ranil Wickremesinghe said on Wednesday, adding that the debt-stricken nation has started to receive funds from the International Monetary Fund.

Reuters · Mar 22, 2023

Sri Lanka says latest bailout funds can be used for fiscal support - Bloomberg News

The International Monetary Fund (IMF) is allowing Sri Lanka to utilise funds from its latest bailout for fiscal support, unlike previous loans that could only be used to ease balance of payments crises, central bank governor Nandalal Weerasinghe said in an interview with Bloomberg.

Reuters · Mar 22, 2023

IMF says Argentina to delay payment within rules, remains current

The International Monetary Fund said on Tuesday Argentina informed the IMF it will merge two payments due this week into a single payment of about $2.7 billion on March 31.

Reuters · Mar 21, 2023

IMF staff reaches agreement with Ukraine for $15.6 billion program

The International Monetary Fund said on Tuesday it had reached a staff-level agreement with Ukraine for a four-year financing package worth about $15.6 billion, offering funds the country needs as it continues to defend against Russia's invasion.

Reuters · Mar 21, 2023

Sri Lanka ready to engage with all creditors after IMF deal - minister

Sri Lanka is ready to engage in debt restructuring talks with bilateral and private creditors to recover debt sustainability as "soon as possible", state finance minister Shehan Semasinghe said on Tuesday.

Reuters · Mar 21, 2023

Politics Are Holding Pakistan’s Economy Hostage

Drama around former Prime Minister Imran Khan leaves Pakistan’s finances in the lurch.

Foreign Policy · Mar 21, 2023

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Al Jazeera · Mar 21, 2023

Sri Lanka to get first tranche of $2.9bn bailout in two days: IMF

Global lender says island nation battling its worst economic crisis in seven decades will get $330m in next two days.

Reuters · Mar 21, 2023

Sri Lanka's national consumer price inflation at 53.6% in Feb

Sri Lanka's National Consumer Price Index (NCPI) rose 53.6% in February on the year, after a rise of 53.2% in January, the statistics department of the debt-stricken country said on Tuesday.

The Independent UK · Mar 21, 2023

IMF to assess Sri Lankan governance as part of $3B bailout

The International Monetary Fund says it is assessing Sri Lanka's governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program

Asharq Al-Awsat · Mar 21, 2023

EU Fears Tunisia’s ‘Collapse’

European Union foreign policy chief Josep Borrell said Monday that the EU is worried about the deterioration of the political and economic situation in Tunisia. “The situation in Tunisia is very dangerous,” he warned after a meeting of EU foreign ministers in Brussels.

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Reuters · Mar 21, 2023

Sri Lanka's economic crisis: From protests to IMF bailout

The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7 billion more from other lenders such as the World Bank and the Asian Development Bank.

Reuters · Mar 21, 2023

Wickremesinghe delivers IMF deal for Sri Lanka despite public mistrust

When Ranil Wickremesinghe took over as Sri Lanka's president in July after a popular uprising ousted his predecessor, the South Asian island nation was engulfed in its worst economic meltdown in 75 years.

Reuters · Mar 21, 2023

Debt-stricken Sri Lanka to get first tranche of IMF bailout funds in two days

Sri Lanka will get the first $330 million tranche of an International Monetary Fund bailout in the next two days, the global lender said on Tuesday, putting the onus on the cash-strapped country to rein in its debt to sustainable levels.

The Independent UK · Mar 21, 2023

IMF approves crucial $3B bailout for bankrupt Sri Lanka

The International Monetary Fund says its executive board has approved a nearly $3 billion bailout program for bankrupt Sri Lanka

Reuters · Mar 21, 2023

IMF says 'substantial progress' by Pakistan toward loan program -Bloomberg News

The International Monetary FundPAKISTAN-CRISIS-IMF (IMF) said Pakistan has made "substantial progress" toward meeting policy commitments needed to unlock loans the country needs to avoid default, Bloomberg News reported on Monday.

Reuters · Mar 20, 2023

IMF says $3 billion loan for Sri Lanka will catalyze lending from others

The International Monetary Fund's executive board on Monday approved a $3 billion four-year extended financing arrangement for Sri Lanka, paving the way for immediate disbursement of about $333 million to the cash-strapped country.

Reuters · Mar 20, 2023

IMF approves nearly $3 billion bailout for Sri Lanka

The International Monetary Fund (IMF) on Monday said its executive board approved a nearly $3 billion bailout for Sri Lanka, and the country's presidency said the program will enable it to access up to $7 billion in overall funding.

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