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The Latest Breaking News from International Monetary Fund

IMF says corruption has inflated costs of high-profile projects in Zambia

The International Monetary Fund said on Tuesday that corruption had inflated the cost of numerous high-profile tenders and construction projects in Zambia.

Reuters · Jan 10, 2023

Pakistan reaffirms commitment to IMF programme after meeting

Pakistan reiterated its commitment to completing a programme with the International Monetary Fund in a meeting on the sidelines of a climate conference in Geneva on Monday, the finance ministry said in a statement.

Reuters · Jan 9, 2023

France's forgotten African war heroes finally receive full pension rights

In tonight's edition: France's African soldiers, who fought in the world wars and France's colonial conflicts, win a final battle. Known as Senegalese tirailleurs, the surviving fighters will be able to live out their days back in Africa after a pension U-turn by Paris. Also, Tunisia's central bank chief says…

France 24 · Jan 4, 2023

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3 Stocks With Strong Momentum to Buy This New Year

The stock market witnessed significant volatility due to macroeconomic headwinds last year. While the market could remain under pressure in the near term, strong momentum stocks TotalEnergies (TTE), North American Construction (NOA), and Overseas Shipholding (OSG) might be able to sustain their gains, given their solid fundamentals. Therefore, these stocks…

StockNews.com · Jan 4, 2023

War accelerating clean energy adoption

Call it the Putin effect: Russia’s war is speeding up the global shift away from fossil fuels

Salon · Jan 4, 2023

2 Upgraded Stocks to Add to Your Watchlist This January

IMF chief has warned that this year will be more challenging than the last year. Furthermore, growing recessionary fears and the COVID “bushfire” could negatively impact the economy. Amid an uncertain economic backdrop, it could be wise to add fundamentally strong stocks Altria Group (MO) and Schlumberger (SLB) to your…

StockNews.com · Jan 3, 2023

A global recession is coming, and this is where economists predict will fare the worst

IMF director Kristalina Georgieva said simultaneous contractions in three major economies—the U.S., the EU, and China—will be the driving forces behind a global recession in 2023.

Fortune · Jan 3, 2023

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Oil Slides on Worries on China, IMF Slow-Growth Expectations

Oil prices slid on Tuesday from their highest levels in a month after Chinese economic data dampened market sentiment and the head of the International Monetary Fund warned of a tougher 2023. Brent crude futures had fallen by 25 cents, or 0.29%, to $85.66 a barrel by 0400 GMT, while…

Asharq Al-Awsat · Jan 3, 2023

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 · Jan 2, 2023

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 · Jan 2, 2023

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 · Dec 31, 2022

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 · Dec 30, 2022

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 · Dec 30, 2022

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 · Dec 28, 2022

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Asharq Al-Awsat · Dec 27, 2022

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…

The Conversation · Dec 26, 2022

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.

Asharq Al-Awsat · Dec 26, 2022

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…

The Times of India · Dec 23, 2022

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.

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Al Jazeera · Dec 22, 2022

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.

Radio France Internationale · Dec 20, 2022

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.

Reuters · Dec 20, 2022

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.

Asharq Al-Awsat · Dec 17, 2022

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…

Radio France Internationale · Dec 15, 2022

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 · Dec 14, 2022

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 · Dec 13, 2022

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.

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