The Latest Breaking News from International Monetary Fund

Sri Lankans' fury turns on Wickremesinghe after president flees

Ranil Wickremesinghe, who was named acting president of Sri Lanka on Wednesday as its political and economic crisis deepened, is tantalisingly close to the pinnacle of power but may not get much time to enjoy it.

Reuters · Jul 13, 2022

Sri Lanka in crisis: What, why and how?

Unprecedented economic crisis looks to have finally toppled President Gotabaya Rajapaksa as he flees to the Maldives.

Al Jazeera · Jul 13, 2022

Sri Lanka: Timeline of a Crisis

Sri Lanka is mired in a deep political and economic crisis, and on Wednesday, the country's president flew out of the country days after a huge crowd of protesters stormed his residence. The island nation of 22 million people has suffered months of lengthy blackouts, acute food and fuel shortages…

Asharq Al-Awsat · Jul 13, 2022

Sri Lanka misses a leader as bailout slips further away

Investors are shifting their focus to Sri Lanka’s bilateral creditors as the resignations of President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe dim prospects for rapid aid from the International Monetary Fund (IMF).

Bangkok Post · Jul 12, 2022

Sri Lanka's fallen Rajapaksa dynasty is already planning its next comeback

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.

The Times of India · Jul 12, 2022

Petrol price hike, raising power tariffs: What Pakistan needs to do to obtain IMF loan

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.

The Times of India · Jul 11, 2022

Chad creditors to meet this week; IMF calls on Glencore to 'step forward'

Chad's official creditor committee will meet this week amid growing pressure from the International Monetary Fund and others for progress on the country's request for debt restructuring, two sources briefed on the matter said.

Reuters · Jul 11, 2022

IMF’s Georgieva Warns against ‘Complacency’ on Global Debt Problems

IMF Managing Director Kristalina Georgieva is pushing China and other Group of 20 economies to speed up debt relief for a growing number of heavily indebted countries, warning that failure to do so could unleash a damaging "downward spiral." Georgieva told Reuters it was crucial to jumpstart the largely stalled…

Asharq Al-Awsat · Jul 11, 2022

Sri Lankan opposition parties plan unity government after president quits

Prime minister as well as Rajapaksa will step down after months of protests culminated in attacks on their homes

The Guardian - UK · Jul 10, 2022

Sri Lanka protesters staying put until president, PM leave office

Thousands occupying the presidential palace are determined to stay until both the president and PM step down officially.

Al Jazeera · Jul 10, 2022