What would happen if the IMF bailed out Britain? Fund issues rare rebuke to UK warning against pursuing Kwasi Kwarteng’s tax-slashing agenda The Independent UK · Oct 10, 2022
Ghana and the IMF: debt restructuring must go hand-in-hand with managing finances better Ghana is struggling with managing its debt, 20-year high inflation, a weak currency, and rising inequality. For example, inflation rose to 33.9% in August 2022 from 9.7% a year earlier, while the cedi has depreciated by 41% year-to-date against the US dollar. These vulnerabilities have been worsened by the aftershocks… The Conversation · Oct 10, 2022
Cutting oil output risks global economy, warns US Treasury secretary Janet Yellen’s comments come as figures show business activity declining across most UK regions The Guardian - UK · Oct 9, 2022
IMF Provides Highest Financing to Arab Countries in Decades Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), said that the world was going through a delicate stage due to successive shocks and uncertainty in the global economic system. He underlined the need for international cooperation to face challenges, especially with… Asharq Al-Awsat · Oct 9, 2022
IMF board approves review of Argentina's $44 billion loan program The executive board of the International Monetary Fund (IMF) approved the second review for Argentina's $44 billion extended fund facility program, the lender said on Friday, noting the country's efforts to meet the established targets. Reuters · Oct 8, 2022
Asian shares fall as rate fears return RECAP: Asian markets fell yesterday as optimism that had fuelled earlier buying gave way to nervousness ahead of a US jobs report that could determine Federal Reserve rate hike plans. Bangkok Post · Oct 7, 2022
IMF board approves $1.3 billion in emergency funding for Ukraine The International Monetary Fund said on Friday its executive board approved Ukraine's request for $1.3 billion in additional emergency funding to help sustain its economy as it battles Russia's invasion. Reuters · Oct 7, 2022
IMF: Ghana talks constructive, more work needed on debt analysis The International Monetary Fund said on Friday that talks with Ghana's government about a potential loan programme had been constructive but that more work was needed on a debt-sustainability analysis. Reuters · Oct 7, 2022
Ukrainian parliament approves 2023 draft budget at first reading Ukraine's parliament approved the 2023 draft budget at its first reading on Friday, a senior parliamentarian said. Reuters · Oct 7, 2022
IMF Expects Yemen to Achieve 2% Economic Growth The International Monetary Fund (IMF) mission expected that Yemen would achieve a modest economic growth of about two percent this year and 3.2 percent in 2023. However, the Fund called for more reforms, especially with regard to the customs dollar rate, support for the electricity sector, transparency in financial management,… Asharq Al-Awsat · Oct 7, 2022
Lebanese banks to close ‘indefinitely’ as hold-ups continue Lebanon’s banks have been in crisis for months as depositors demand access to their savings. Al Jazeera · Oct 7, 2022
IMF warns of higher recession risk and darker global outlook The International Monetary Fund is once again lowering its projections for global economic growth in 2023 The Independent UK · Oct 6, 2022
Saudi Arabia Signs MoU with IMF to Establish Regional Office in Riyadh Saudi Arabia concluded a memorandum of understanding with the International Monetary Fund (IMF) to establish a regional office in Riyadh, which would boost its presence in the region and provide its economic recommendations to the countries of the Gulf and the region. Saudi Minister of Finance Mohammed al-Jadaan signed the… Asharq Al-Awsat · Oct 4, 2022
IMF to consider $1.3 billion in emergency funding for Ukraine on Friday The International Monetary Fund's (IMF) executive board will consider Ukraine's request for $1.3 billion in additional emergency funding on Friday as Russia's war against the country continues, two sources familiar with the matter said. Reuters · Oct 3, 2022
Asharq Al-Awsat · Oct 3, 2022 IMF: 141 Million People Across Arab World Are Exposed to Food Insecurity The International Monetary Fund said on Monday that up to 20 countries, many in Africa, could need emergency assistance to cope with the global food crisis. IMF Managing Director Kristalina Georgieva, speaking at a conference in Saudi Arabia, also said that 141 million people across the Arab world are exposed…
Reuters · Oct 3, 2022 More than 140 million in Arab world exposed to food insecurity - IMF's Georgieva The managing director of the International Monetary Fund, Kristalina Georgieva, said on Monday that 48 countries are exposed to the global food crisis, and half of them are vulnerable.
The Conversation · Oct 3, 2022 Mini-budget: lessons from the UK's long history of economic crises It was a mini-budget with a major impact. Shortly after the UK chancellor announced his plans for a “new era” full of tax cuts, there were dramatic falls in the pound, a nervous response from mortgage lenders and an urgent intervention from the Bank of England.
Reuters · Oct 3, 2022 Forty-one million in Arab world exposed to food insecurity - IMF's Georgieva The managing director of the International Monetary Fund, Kristalina Georgieva, said on Monday that 48 countries are exposed to the global food crisis, and half of them are vulnerable.
Reuters · Oct 3, 2022 Tunisian labour union warns of strikes as IMF talks loom Tunisia's powerful UGTT labour union has no deal with the government on reforming subsidies and publicly owned companies and will lead street protests over any "painful" changes, it said on Monday, potentially complicating foreign bailout talks.
Asharq Al-Awsat · Oct 3, 2022 Saudi Arabia Underlines Support to IMF Efforts to Alleviate Global Food Crisis Saudi Minister of Finance Mohammed Al-Jadaan underlined his country’s support to the efforts of the International Monetary Fund (IMF) to mitigate the impact of the global food crisis. During a meeting with IMF Managing Director Kristalina Georgieva, Al-Jadaan discussed areas of bilateral cooperation, including capacity development and the establishment of…
The Independent UK · Oct 3, 2022 Chancellor expected to U-turn on scrapping 45p tax rate The Chancellor’s mini-budget triggered turmoil in the City and was criticised by the International Monetary Fund.
The Hindu · Oct 2, 2022 The U.K. is staring into an economic abyss Britain may well pay the price for Prime Minister Truss’s move to take on the ‘economic orthodoxy’ of the Treasury and economists
The National (Scotland) · Oct 2, 2022 How the Tories wrecked the economy in seven days IT took Liz Truss’s Government just under a month to see the value of the pound drop to historic lows, the Bank of England being forced to step in…
Reuters · Sep 30, 2022 IMF board approves new food shock financing window to ease war shortages The International Monetary Fund said its executive board approved a new mechanism for low-condition emergency loans to help vulnerable countries cope with food shortages and rising costs stemming from Russia's war in Ukraine.
Asharq Al-Awsat · Sep 30, 2022 IMF Says Ukraine War Prompts Worst Global Food Crisis Since at Least 2008 The Ukraine war's disruptions to grain and fertilizer flows have prompted the worst food security crisis since at least the one following the 2007-2008 global financial meltdown, with some 345 million people now facing life-threatening shortages, the International Monetary Fund said on Friday. A new IMF research paper estimates that…