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The Latest Breaking News from International Monetary Fund

Citing Russia’s War, IMF Cuts Global Growth Forecast to 3.6%

The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia's war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants. The 190-country lender cut its forecast…

Asharq Al-Awsat

Nirmala Sitharaman discusses geopolitical issues with IMF chief; highlights India's efforts to support growth

WASHINGTON: Finance minister Nirmala Sitharaman on Tuesday discussed a range of issues, including the current geopolitical situation and its economic impact, with IMF chief Kristalina Georgieva, and highlighted the Indian government's commitment to support growth through capital expenditure.

The Times of India

Delegate protests over Russia to upstage G20 meeting

Western nations are preparing to stage coordinated walk-outs and other diplomatic snubs to protest against Russia's invasion of Ukraine at Wednesday's meeting of G20 finance ministers in Washington, their officials said.

Reuters

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Crypto Wallets Controlled By Individuals Are A Global Risk, Says India's Finance Minister To The IMF

India's Minister of Finance and Corporate Affairs Nirmala Sitharaman reiterated the country's negative attitude towards cryptocurrencies such as Bitcoin (CRYPTO: BTC) during a recent International Monetary Fund (IMF) panel.

Benzinga

IMF slashes India's GDP forecast to 8.2% for FY23

NEW DELHI: The International Monetary Fund (IMF) on Tuesday slashed India's gross domestic product (GDP) forecast by 80 percentage points to 8.2 per cent for financial year 2022-23.

The Times of India

French presidential candidates spar over wind energy sector

Ahead of the French presidential run-off on Sunday, we take a closer look at Emmanuel Macron and Marine Le Pen's divergent views on the future of the renewable energy sector in France. Macron wants to add thousands of jobs to the wind turbine industry, while Marine Le Pen wants to…

France 24

Citing Russia's war, IMF cuts global growth forecast to 3.6%

The International Monetary Fund has downgraded the outlook for the world economy this year and next

The Independent UK

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IMF slashes UK growth forecasts as inflation slows economy

The International Monetary Fund (IMF) slashed its growth forecasts for Britain today as it warned inflation will hit spending and investment.

Evening Standard

UK GDP growth to slow to worst in G7 in 2023, says IMF – as it happened

Live rolling coverage of business, economics and financial markets as global growth forecasts downgraded amid Ukraine invasion and inflation

The Guardian - UK

FTSE 100 Live: IMF slashes UK forecast, stocks rally

The IMF’s world economic outlook and earnings updates from more major US companies will provide the main focus for investors today.

Evening Standard

Nirmala Sitharaman meets IMF chief; discusses impact of geopolitical situation on global growth

Kristalina Georgieva also appreciated India's help to Sri Lanka in tackling its economic crises and assured that the IMF would continue to actively engage with the island nation

The Hindu

Sri Lanka asks IMF for urgent financial assistance

The IMF may consider this request due to the unique circumstances, an aide to the nation’s finance minister said.

Al Jazeera

One dead after police fire on protesters in Sri Lanka amid bailout talks with IMF

Sri Lankan police fired live ammunition to scatter protesters on Tuesday, killing one person and injuring a dozen more, as the country sought rapid financial assistance from the International Monetary Fund (IMF) to ease a worsening economic crisis.

Reuters

March quarter CPI will show new inflation shock

Business & Investing: Inflation worldwide is causing a rethink of economic policy, with markets gloom exacerbated by the strong ripple effects of the war in Ukraine

Newsroom.co.nz

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The Independent UK

Yellen to see Ukraine PM, avoid Russians at global meetings

Treasury Secretary Janet Yellen plans to meet with Ukraine's prime minister during this week’s spring meetings of the International Monetary Fund and World Bank in Washington

Reuters

U.S. Treasury's Yellen to skip some G20 sessions, encourage pressure on Russia

U.S. Treasury Secretary Janet Yellen plans to skip some sessions of this week's G20 finance meeting in protest at Russia's assault on Ukraine and will urge International Monetary Fund and World Bank members to increase pressure on Moscow, two senior U.S. Treasury officials said on Monday.

Reuters

IMF expects 'significant' pledges for new climate, pandemics trust

The International Monetary Fund expects to members to make "significant" pledges of support for its newly approved Resilience and Sustainability Trust during the IMF-World Bank spring meetings beginning this week, a senior IMF official said.

The Guardian - US

Will Biden ever stand up to the IMF’s abuses of power?

The IMF claims to deliver stability, strength, and solidarity. Its record shows the opposite

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France 24

Beating expectations, Chinese economy grows 4.8% in first quarter of 2022

Over the first three months of the year, China's economy expanded at an annual rate of nearly 5 percent when compared to the same stretch last year. But as Covid-19 lockdowns roll on, the country's annual growth target looks hard to reach. Also, talks kick off between Sri Lanka and…

Reuters

Sri Lankan president says regrets crisis, expands cabinet ahead of IMF talks

Sri Lanka's embattled president announced 17 new ministerial appointments on Monday, notably leaving out members of his own family, and expressed regret for his government's handling of a devastating economic crisis that has led to widespread protests.

Al Jazeera

Russia-Ukraine updates: Putin honours troops accused of abuses

Ukraine news from April 18: Putin praises ‘mass heroism’ of brigade accused of carrying out mass killings in Bucha.

Asharq Al-Awsat

Lebanon Inches Closer to Abandoning its Banking Secrecy System

Lebanon might soon abandon its “banking secrecy” system, which has been in place for more than six decades. The move comes as part of conforming to the requirements that have been agreed upon by the country's executive and legislative authorities, and in preparation for converting the initial deal with the…

Reuters

Ukraine's prime minister, finance officials to visit Washington next week

Ukrainian Prime Minister Denys Shmyhal and top Ukrainian finance officials will visit Washington next week during the spring meetings of the International Monetary Fund and World Bank, sources familiar with the plans said on Friday.

The Hindu

Sri Lanka stares at bankruptcy or redemption

The IMF agreement and fallout will be the central point of contention between the elite and the working people

The Times of India

Explained: What India is doing to help Sri Lanka in crisis

NEW DELHI: Sri Lanka is in the midst of an unprecedented economic crisis which is slowly but surely snowballing into a political crisis that threatens to dislodge the Rajapaksa brothers.

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