The Latest Breaking News from International Monetary Fund

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.

Reuters · Dec 13, 2022

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.

Reuters · Dec 10, 2022

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…

Asharq Al-Awsat · Dec 9, 2022

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.

WEKU · Nov 29, 2022

Saudi Arabia Extends Terms of $5 Billion in Aid to Egypt

Saudi Arabia agreed Tuesday to extend the terms of a $5 billion aid package to Egypt in March, Saudi state media said, in a move aimed at bolstering the North African country’s recent deal with the International Monetary Fund. The extension reflects the generous directives of Custodian of the Two…

Asharq Al-Awsat · Nov 29, 2022

AP Interview: IMF chief urges targeted COVID policy in China

The head of the International Monetary Fund says it’s time for China to move away from mass lockdowns under its “zero-COVID” approach

The Independent UK · Nov 29, 2022

Rich nations have promised to pay for the climate crisis – but will they?

For too long pledges have gone unmet, so at Cop28 new solutions need to be explored, says Gordon Brown, WHO ambassador for global health financing

The Guardian - UK · Nov 26, 2022

Lebanon’s Central Bank Says Audit of Gold Reserves Completed ‘Successfully’

Lebanon’s Central Bank announced on Friday that the audit of the bank’s gold reserves- coins and ingots- which came at the request of the International Monetary Fund, has been completed “successfully.” The bank said that the amount of gold bullions declared corresponded exactly with the quantity of gold in its…

Asharq Al-Awsat · Nov 25, 2022

Is Latin America Stuck?

The region could face a new lost decade.

Foreign Affairs · Nov 25, 2022

‘They teach us’: how whales can help dispel the myth of green capitalism

In her new book, Adrienne Buller argues the desire to eke profit out of climate policy is wilfully naive

The Guardian - UK · Nov 24, 2022