The Latest Breaking News from International Monetary Fund

Pakistan: how an economic crisis has sent prices rocketing

Pakistan’s current economic struggles exemplify the little fires everywhere set alight across the global economy by a war during a pandemic. Like others in countries dependent on imported commodities — for example Ghana and Sri Lanka — Pakistanis are seeing food and fuel prices soar. Foreign exchange reserves – used…

The Conversation · Jul 4, 2022

With no fuel and no cash, Sri Lanka grinds to a halt

Less than a day’s worth of fuel remains, says the energy minister, as the cash-strapped nation extends school closures.

Al Jazeera · Jul 4, 2022

Crisis to crisis: What Asia learned from the financial chaos of 1997

Twenty-five years ago this month marked the beginning of economic, political and financial market turmoil that would become known as the Asian Financial Crisis. Currencies and stock markets tumbled. Governments were overthrown. Poverty rates soared.

Bangkok Post · Jul 2, 2022

IMF says Haiti staff-monitored program may lead to loan deal

The International Monetary Fund said on Wednesday its management had approved a staff-monitored program for Haiti to establish a track record of policy implementation that could lead to an IMF-supported loan program.

Reuters · Jun 29, 2022

As Sri Lanka economic crisis worsens, daily wage workers struggle

Government restricting sale of fuel for essential services means less work for people who survive on daily wages.

Al Jazeera · Jun 29, 2022

Gas lines and scuffles: Sri Lanka faces humanitarian crisis

Sri Lanka’s economy, which a few years ago enjoyed strong growth that provided jobs and financial security, is now in a state of collapse, dependent on aid from India and other countries as its leaders desperately try to negotiate a bailout with the International Monetary Fund

The Independent UK · Jun 29, 2022

Sri Lanka Stops Fuel Supply to Non-essential Services as Crisis Worsens

Sri Lanka will shut schools and only allow fuel supplies to services deemed essential like health, trains and buses for two weeks starting Tuesday, a minister said, in a desperate attempt to deal with a severe shortage. Sri Lanka is suffering its worst economic crisis, with foreign exchange reserves at…

Asharq Al-Awsat · Jun 27, 2022

Central Bank Chiefs Meet to Discuss Inflation Challenge

Central bank chiefs and economists gather Monday evening at their annual forum in southern Portugal to discuss the best approach to the inflationary challenges exacerbated by Russia's invasion of Ukraine. Some 200 delegates will attend the ECB Forum on Central Banking at a luxury hotel in Sintra, west of Lisbon,…

Asharq Al-Awsat · Jun 27, 2022

Lebanon’s Rahi Urges Politicians to Form Government Swiftly

Lebanese Maronite Patriarch Beshara al-Rahi urged fractious politicians on Sunday to speed up the formation of a government to allow authorities to prepare for presidential elections due before the end of October. Najib Mikati was nominated premier for a fourth time on Thursday after securing the support of 54 of…

Asharq Al-Awsat · Jun 26, 2022

Lebanon’s top Christian cleric urges politicians to form government

Lebanon's top Christian cleric urged fractious politicians on Sunday to speed up the formation of a government to allow authorities to prepare for presidential elections due before the end of October.

Reuters · Jun 26, 2022