The Latest Breaking News from International Monetary Fund

COLOMBO: For years, Sri Lanka's Rajapaksa dynasty ruled the island nation with an iron fist, striking fear into political opponents, journalists and other perceived threats to their power. Now protesters are chasing them out of their homes, and out of power.

NEW DELHI: The economic crisis in Pakistan has posed severe challenges for the government as it grapples with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency.

Protesters occupying government buildings say they will remain until the president and the prime minister step down.

Sri Lanka's economic crisis looks to have finally toppled President Gotabaya Rajapaksa.

Sri Lankans roamed through a ransacked presidential palace on Sunday as calm returned to the commercial capital, Colombo, a day after protesters stormed the building and forced President Gotabaya Rajapaksa to announce his resignation. Prime Minister Ranil Wickremesinghe also said he would step down to allow an all-party interim government…

The International Monetary Fund (IMF) said it is hoping for a resolution to Sri Lanka's political turmoil that will allow a resumption of talks for a bailout package after a violent day of protests.

Rising anger in Sri Lanka has boiled over as protestors broke through police lines into the president's home amid enormous shortages of fuel, food, and medicine

The International Monetary Fund's (IMF) executive board has approved a $638 million extended fund and extended credit facility for Benin under a 42-month arrangement to help the West African nation address pressing financing needs, the IMF said in a statement late on Friday.

Sri Lanka's President Gotabaya Rajapaksa fled his official residence in Colombo Saturday, according to defence sources, as protesters stormed his compound to demand his resignation. Earlier, the government declared bankruptcy amid the country's worst food and fuel crisis since independence in 1948.