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The Latest Breaking News from International Monetary Fund

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 · Feb 9, 2023

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 · Feb 9, 2023

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 · Feb 9, 2023

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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 · Feb 9, 2023

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 · Feb 9, 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%

The Independent UK · Feb 9, 2023

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 · Feb 8, 2023

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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 · Feb 8, 2023

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.

The Times of India · Feb 7, 2023

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.

Reuters · Feb 7, 2023

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

The Independent UK · Feb 7, 2023

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…

Asharq Al-Awsat · Feb 7, 2023

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.”

Fortune · Feb 6, 2023

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.

Reuters · Feb 6, 2023

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StockNews.com · Feb 6, 2023

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 · Feb 5, 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%

The Guardian - UK · Feb 5, 2023

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 · Feb 4, 2023

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.

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Asharq Al-Awsat · Feb 4, 2023

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,…

StockNews.com · Feb 3, 2023

2 High-Flying Growth Stocks to Buy Now

As inflation continues to ease, the Fed recently raised interest rates by 25 bps, lower than its December hike of 50 bps. With the continued slowdown in rate hikes and the economy moving in the right direction, a soft landing for the economy looks increasingly possible to most analysts. Hence,…

The Independent UK · Feb 3, 2023

Pakistan PM warns of 'tough time' to fulfill IMF conditions

Pakistan’s prime minister has warned of a “tough time” as his government struggles to comply with conditions set by the International Monetary Fund for the next tranche of the country’s bailout package

Al Jazeera · Feb 3, 2023

‘Beyond imagination’: Pakistan PM warns of IMF bailout conditions

An IMF delegation is in Pakistan for last ditch talks to revive financial aid, which has stalled for months.

StockNews.com · Feb 3, 2023

The 5 Best Stocks to Invest $1,000 in Right Now

Improving investors’ sentiments amid the cooling inflation and moderating interest rate increases helped the stock market to surge in recent weeks. Moreover, the IMF raised its world economy growth forecast. Given the rising optimism, AbbVie (ABBV), Vertex Pharmaceuticals (VRTX), Murphy (MUSA), MasterCraft Boat (MCFT), and PrimeEnergy Resources (PNRG) might be…

France 24 · Feb 3, 2023

Apple reports sharp drop in quarterly sales

BUSINESS DAILY – Friday, 03.02.2023: We take a look at the reasons behind Apple's largest drop in sales since 2019. We also see how Adani stock dropped 35 percent before rallying. Meanwhile, tense negotiations are taking place between Pakistan and the IMF, with the nation's PM saying it has no…

Chicago Tribune · Feb 3, 2023

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…

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