The Latest Breaking News from International Monetary Fund

Sri Lanka's president to cut spending in interim budget

Sri Lanka's president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the year, amid discussions with the International Monetary Fund on a bailout package.

Reuters · Aug 29, 2022

Pakistan foreign minister says help needed after 'overwhelming' floods

Pakistan needs financial help to deal with "overwhelming" floods, its foreign minister said on Sunday, adding that he hoped financial institutions such as the International Monetary Fund would take the economic fallout into account.

Reuters · Aug 28, 2022

IMF: Saudi Arabia Reaping Benefits of Transparent Economic, Financial Policies

Saudi Arabia is reaping the fruits of success after implementing transparent economic and financial policies, good management of the coronavirus crisis and carrying out economic reforms that have led to increased job opportunities and continued improvement in living standards, revealed IMF Mission Chief for Saudi Arabia Amine Mati. The Kingdom’s…

Asharq Al-Awsat · Aug 28, 2022

Want permanent peace with India: Pakistan PM Shehbaz Sharif

Pakistan PM Shehbaz Sharif says, ‘War never an option to resolve Kashmir issue.’

The Hindu · Aug 20, 2022

IMF fees on war-torn countries closer to elimination

The International Monetary Fund is facing pressure to eliminate, or at least, reevaluate how it imposes fees on loans it disperses to needy countries like war-torn Ukraine — which is one of the fund’s biggest borrowers

The Independent UK · Aug 20, 2022

IMF eyes creditor assurances as it prepares Sri Lanka visit

The International Monetary Fund said it will need "adequate assurances" from Sri Lanka's creditors for a new program as it prepares a visit to Colombo later this month.

Reuters · Aug 19, 2022

Analysis-Years of political crises in Peru are finally hitting its economy

Since 2011, Peruvians have lived under seven presidents and seen four ex-leaders detained or wanted on corruption allegations. Yet, in the same period Peru has held onto the unlikely title of the fastest growing major economy in Latin America.

Reuters · Aug 18, 2022

Sri Lanka hopes to reach initial agreement with IMF for help

Sri Lanka’s central bank chief says he is hopeful the crisis-ridden island nation can reach a preliminary agreement that could lead to a bailout package with the International Monetary Fund when officials from the financial institution visit Sri Lanka later this month

The Independent UK · Aug 18, 2022

Egypt Says Central Bank Governor Resigns

President Abdel Fattah el-Sisi on Wednesday accepted the resignation of central bank governor Tarek Amer and named him a presidential adviser, the Egyptian leader' office said in a statement. The brief statement offered no reasons for Amer's resignation. He had been appointed as governor of the central bank in November…

Asharq Al-Awsat · Aug 17, 2022

Analysis-As economy wilts, Argentina's Massa seeks to sow hope with farm chiefs

The "superminister" tasked with rescuing Argentina's crisis-racked economy needs cash now, and so just days into the job he has launched a charm offensive to win over farm industry titans to access crucial debt forgiveness ahead of a looming deadline.

Reuters · Aug 16, 2022