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The Latest Breaking News from International Monetary Fund

It’s high time to rethink how the World Bank operates

Many believe there is little future in trying to tackle problems of the 2020s with institutions created in the 1940s

The Guardian - UK · Feb 19, 2023

Year of war in Ukraine left developing nations picking up pieces

Some of the harshest economic effects of the war are being felt much farther afield than Russia’s theatre of battle.

Al Jazeera · Feb 19, 2023

IMF, Ukraine reach staff-level deal, paving way for full loan talks

The International Monetary Fund on Friday said it reached a staff-level agreement with Ukraine, setting the stage for talks on a full loan program that would support Kyiv's economy and its bid to join the European Union.

Reuters · Feb 17, 2023

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Tunisia crackdown on opposition and media alarms rights groups

Ten public figures arrested since Saturday as President Kais Saied pursues what Amnesty calls a repression of dissent

The Guardian - UK · Feb 17, 2023

Poor Pakistanis worry IMF bailout measures risk stark future

Economists say cash-strapped Pakistan’s latest plan for economic recovery is likely to take a painful toll on its poor

The Independent UK · Feb 17, 2023

Lebanon’s Finance Minister Says Difficult to Replace C. Bank Head Salameh

Lebanese Finance Minister Youssef Khalil said replacing central bank governor Riad Salameh, who has held the job for three decades, would be difficult and that his term may be extended though no consensus has yet been reached. Salameh, who is being investigated by European and Lebanese prosecutors for alleged embezzlement…

Asharq Al-Awsat · Feb 17, 2023

External backers pour billions into Ukraine to counter war damage

Pictures of devastation in Ukraine following Russia's invasion have sparked urgent questions over how its reconstruction can be paid for. But before they can even begin to be answered, Kyiv is seeking billions just to ride out this year.

Reuters · Feb 17, 2023

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Taking over the Sri Lankan presidential palace was a high point for Wasantha. Then came six months of horror

This 29-year-old spearheaded a protest movement that toppled Sri Lanka's government. But after his triumphant moment, Wasantha was taken into a feared detention system where prisoners have been tortured and killed.

ABC News · Feb 16, 2023

Climate advocates urge World Bank overhaul as leader exits

Leading climate figures are urging the Biden administration to use the early departure of the Trump-appointed head of the World Bank as an opening to overhaul the powerful financial institution

The Independent UK · Feb 16, 2023

As cash runs out, Pakistan introduces bill to unlock IMF funds

Measures proposed to secure the crucial loan include raising the general sales tax by a percentage point to 18 percent.

Al Jazeera · Feb 16, 2023

Five factors to explain FTSE 100’s record high despite recession

Economy and business backdrop is grim, but the energy boom and shareholder payouts have helped

The Guardian - UK · Feb 16, 2023

Rockefeller Foundation boss favourite to succeed David Malpass at World Bank

Calls for White House to lose stranglehold on choosing bank’s leadership

The Guardian - UK · Feb 16, 2023

How Pakistan is taking desperate economic measures for IMF bailout

NEW DELHI: The Pakistan government is trying its best to secure a deal with the International Monetary Fund (IMF) for the release of a critical bailout package, failing which it can slump into default.

The Times of India · Feb 15, 2023

China expresses support for Sri Lanka ahead of debt meeting

China has expressed support for Sri Lanka ahead of a meeting of lenders to poor economies but gave no indication if it might help to cut debts that have plunged the Indian Ocean island nation into financial and political turmoil

The Independent UK · Feb 15, 2023

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The Independent UK · Feb 14, 2023

Pakistan in bailout bid sharply raises natural gas taxes

Cash-strapped Pakistan sharply increased taxes on natural gas to comply with a long-stalled financial bailout, and both industrial and everyday consumers were expected to feel the pain

The Times of India · Feb 14, 2023

India: China should take losses in poor-nation debt rework

NEW DELHI: China must stop taking positions that block debt relief to some of the world’s poorest nations and be willing to take losses on its loans to them, India said in its capacity as the current Group of 20 leader.

Fortune · Feb 13, 2023

America is probably going to avoid a recession and that's giving markets a 'good reason to be more upbeat,' according to the head of the IMF

Kristalina Georgieva struck a positive tone in a Monday interview, arguing the resilient labor market and China's reopening will boost the U.S. economy.

Reuters · Feb 13, 2023

IMF, Pakistan to resume talks on unlocking bailout funds, official says

Talks between the International Monetary Fund and Pakistan will resume virtually on Monday, a Pakistani official said, as the two sides look to reach a deal to unlock funding critical to keep the cash-strapped south Asian country afloat.

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Reuters · Feb 10, 2023

IMF to meet Ukraine officials in Warsaw next week -source

International Monetary Fund staff will meet with Ukrainian officials in Warsaw next week, a source familiar with the plans said on Friday, as Ukraine presses for a multi-billion dollar borrowing program to cover its funding needs given Russia's war.

The Times of India · Feb 10, 2023

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 · Feb 10, 2023

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%

Al Jazeera · Feb 10, 2023

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.

Reuters · Feb 10, 2023

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.

Foreign Policy · Feb 9, 2023

Have China and Pakistan Hit a Roadblock?

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

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