The Latest Breaking News from International Monetary Fund

IMF, Malawi reach staff deal on $88 million emergency financing

The International Monetary Fund said on Friday that it had reached a staff-level agreement with Malawi for up to $88.3 million in emergency financing, as the southern African country struggles with acute forex shortages.

Reuters · Oct 21, 2022

IMF concludes mission on Ukraine, urges authorities to avoid eroding tax revenues

An IMF team held productive discussions with Ukrainian authorities this week and will work in coming weeks on their request for enhanced program monitoring in the wake of Russia's invasion, IMF mission chief Gavin Gray said on Friday.

Reuters · Oct 21, 2022

How the Liz Truss leadership crisis could end in a general election

Conservative government again in turmoil after new PM’s disastrous start

The Independent UK · Oct 20, 2022

Lebanon MPs Pass Second Attempt at New Banking Secrecy Law

Lebanon's parliament on Thursday passed another round of amendments to a banking secrecy law after the International Monetary Fund said a previous draft retained key deficiencies. The IMF has laid out a list of reforms, including amending its banking secrecy law, that Lebanon must implement before it can gain access…

Asharq Al-Awsat · Oct 18, 2022

OECD Expects Saudi Arabia to Top G20 Economies for 2 Years

The real GDP growth projections of the Saudi economy are expected to reach 9.9 percent this year, and six percent in 2023, recording the highest growth rate among the G20 countries, according to a report by the Organization for Economic Cooperation and Development (OECD). The report "OECD Economic Outlook Interim…

Asharq Al-Awsat · Oct 18, 2022

IMF reaches staff agreement with Somalia, eyes debt forgiveness in late 2023

International Monetary Fund staff on Monday reached a staff-level agreement with Somalia that will allow the release of about $10 million to the East African country, once approved by the board, the head of the IMF mission told Reuters.

Reuters · Oct 18, 2022

Ministry eyes steps to spur spending

The Finance Ministry is considering new measures to encourage spending in a bid to maintain the Thai economic recovery, according to Pornchai Thiraveja, director-general of the Fiscal Policy Office (FPO).

Bangkok Post · Oct 17, 2022

Tourism, consumption lead GDP growth

The economy is on course for continuous recovery driven by increasing tourism activities and active private consumption, with the growth rate expected to return to pre-Covid level by the end of this year or beginning of 2023, according to Anucha Burapachaisri, the government spokesman.

Bangkok Post · Oct 17, 2022

Bitcoin City: Is El Salvador's Crypto Dream Crashing Down With The Market

By Tereza Bízková

Benzinga · Oct 17, 2022

IMF, Egypt Agree to Finalize Work to Reach Staff-level Agreement ‘Very Soon'

The International Monetary Fund (IMF) and the Egyptian authorities have agreed to finalize work to reach a staff-level agreement ‘very soon’, the multilateral lender said on Saturday. “IMF staff and the Egyptian authorities have held very productive in-person discussions on the margins of the IMF and World Bank Annual Meetings…

Asharq Al-Awsat · Oct 16, 2022