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The Latest Breaking News from International Monetary Fund

'What criticism?': Tory MSP claims he never heard of IMF attack on UK tax cuts

THE Scottish Tories have backed the UK Government’s tax cuts despite an extraordinary intervention from the International Monetary Fund and the…

The National (Scotland) · Sep 28, 2022

Fears of a Labour government caused market turmoil, claims Tory peer

Daniel Hannan played down concerns about the £45 billion package of tax cuts announced by Chancellor Kwasi Kwarteng.

The Independent UK · Sep 28, 2022

House prices could fall by 15% as IMF issues stinging criticism of Tory plan

Leading economists have warned that consumers and the housing market are in for a rough ride following the drop in the value of the pound.

Daily Record · Sep 28, 2022

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China's Yuan falls to lowest level since 2008 global financial crisis

Like many other world currencies, China's onshore and offshore Yuan both fell against the dollar on Wednesday, increasing the pressure on the People's Bank of China to intervene directly. The drop is a result of the strong US dollar following the Federal Reserve's rate hikes, coupled with Beijing's more dovish…

France 24 · Sep 28, 2022

IMF urges UK to "re-evaluate" tax cuts on inflation concerns

The International Monetary Fund has urged the U.K. government to “reevaluate” a package of unfunded tax cuts that it says may fuel inflation and are likely to increase economic inequality

The Independent UK · Sep 28, 2022

IMF launches stinging attack on Kwasi Kwarteng tax cut plans in 'very serious' warning

Chancellor Kwasi Kwarteng spooked markets this week after delivering his Mini-Budget, with the pound plunging to an all-time low against the US dollar and mortgage deals being pulled

Daily Mirror · Sep 28, 2022

Pakistan finance minister known for propping up rupee in earlier stints

Ishaq Dar, Pakistan's new finance minister, has strongly favoured intervention in currency markets in three previous stints in the job, but faces a nation in economic crisis this time and the conditions of an International Monetary Fund (IMF) programme.

Reuters · Sep 28, 2022

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IMF urges Kwasi Kwarteng to change course in extraordinary statement

THERE is international pressure on Chancellor Kwasi Kwarteng to change course following his mini budget announcement.

The National (Scotland) · Sep 28, 2022

Keir Starmer demands Tories respond to 'mess' of economy as Brits 'very, very worried'

The Labour leader said the Government needed to act following a 'very serious' warning from the International Monetary Fund about the Chancellor's tax cutting bonanza

Daily Mirror · Sep 28, 2022

Truss ‘standing by Kwarteng’ as Treasury defends plans despite market turmoil – as it happened

No 10 says PM has faith in chancellor, as Treasury minister says tax cuts are the ‘right plan’

The Guardian - UK · Sep 28, 2022

FTSE 100 Live: Bank of England intervenes to calm UK debt market; London stocks fall

The Bank of England intervened to calm the fraught conditions in UK debt markets by pledging to buy long-dated gilts and suspending plans to sell its existing holdings.

Evening Standard · Sep 28, 2022

London politics LIVE: Treasury minister says ‘we’ll press on with tax cuts’ as Tory backlash grows amid markets turmoil

Tory MP slams ‘inept madness’ in Chancellor’s mini-Budget - but Treasury minister rejects calls for U-turn

Evening Standard · Sep 28, 2022

What's happening with the British pound and what does it mean for Australia's economy?

With the UK government fighting off fears of a recession, the British pound tumbled against the US dollar this week. Here's why stock markets are concerned and what it means for Australia.

ABC News · Sep 28, 2022

Pound – live: Calls for Truss to ‘come out of hiding’ to fix ‘economic disaster’

Bank of England launches emergency action after pound falls

The Independent UK · Sep 28, 2022

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Wales Online · Sep 27, 2022

International Monetary Fund makes extraordinary intervention as it urges Chancellor to change course

Kwasi Kwarteng has been urged to 're-evaluate the tax measures' outlined in last week's mini-budget

The Guardian - UK · Sep 27, 2022

IMF urges UK government to reconsider tax-cutting plans

International Monetary Fund says measures should target households worst affected by energy crisis and inflation

Reuters · Sep 27, 2022

IMF urges caution as oil-rich Guyana's economic growth nears 60%

Guyana's economic growth could reach close to 60% this year, the International Monetary Fund said in a statement on Tuesday, urging cautious policies even as the tiny South American nation benefits from surging oil production.

Reuters · Sep 23, 2022

Sri Lanka aims to have $2.9 billion IMF loan finalised in December - sources

Sri Lanka expects the International Monetary Fund board to approve a $2.9 billion loan by year-end, officials from the country's central bank told investors during a virtual presentation on Friday, sources participating in the event said.

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Asharq Al-Awsat · Sep 23, 2022

Calls in Lebanon’s Parliament to Reach Solution with IMF

Chairman of the Finance and Budget Committee at the Lebanese parliament MP Ibrahim Kanaan called for holding constructive dialogue with the international community to reach an agreement with the International Monetary Fund (IMF) that takes into consideration the economic situation in Lebanon. He slammed the fees included in the country’s…

Al Jazeera · Sep 23, 2022

Pakistan PM says ‘all hell will break loose’ without debt relief

As Pakistan reels under unprecedented flood crisis, Shehbaz Sharif appeals for debt relief and more global aid.

The Independent UK · Sep 23, 2022

Inflation, unrest challenge Bangladesh's 'miracle economy'

Bangladesh's economic miracle is under severe strain as fuel price hikes amplify public frustrations over rising costs for food and other necessities

Reuters · Sep 22, 2022

IMF's board seen backing 'food shock window,' aiding Ukraine and others

The International Monetary Fund's board is expected to approve a new "food shock window" in the next few weeks that will allow the global lender to provide emergency funding to Ukraine, the head of the fund's European department said on Thursday.

The Independent UK · Sep 21, 2022

IMF criticizes Lebanese government over slow reforms

The International Monetary Fund says the Lebanese government’s slowness to implement desperately-needed reforms was exacerbating the country’s economic meltdown

Asharq Al-Awsat · Sep 21, 2022

IMF Criticizes Lebanese Government over Slow Reforms

The International Monetary Fund on Wednesday said the Lebanese government's slowness to implement desperately-needed reforms was exacerbating the country's economic meltdown, even as officials met to discuss an urgent and long-delayed bailout. The IMF statement followed a three-day visit to Beirut of the fund's representatives to discuss with Lebanese officials…

Reuters · Sep 21, 2022

Lebanon's progress in implementing reforms remains very slow - IMF

Lebanon's progress in implementing reforms required to unlock relief funds from the International Monetary Fund (IMF) remains very slow, the IMF said in a statement on Wednesday.

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