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The Latest Breaking News from International Monetary Fund

Sri Lanka to seek World Bank support alongside IMF loan programme - sources

Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund (IMF) rescue plan to be discussed next month, two sources said.

Reuters

Egypt Requests New IMF Loan

Egypt will apply for a new loan from the IMF, the Washington-based crisis lender announced Wednesday, after Russia's invasion of Ukraine caused inflation to spike in the Middle Eastern nation. "The rapidly changing global environment and spillovers related to the war in Ukraine are posing important challenges for countries around…

Asharq Al-Awsat

What explains food price hikes in Kenya. And what should be done

Kenyans are caught in the grip of higher food prices brought about by a combination of adverse weather, rising input costs – which have been worsened by the Ukraine war – as well as policy adjustments the government agreed to to access funding from the International Monetary Fund. The prices…

The Conversation

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There’s an easy way to help Ukraine without military escalation: cancel its foreign debt

A country battered and bruised by Russia’s invading forces needs space to breathe – not demands from hedge funds, says Guardian columnist Owen Jones

The Guardian - UK

IMF board to meet March 25 over Argentina debt deal: statement

The International Monetary Fund's executive board will meet on March 25 to discuss Argentina's request for a debt deal, an IMF spokesman said on Saturday.

Reuters

Ukraine war Hits world economy like an earthquake, IMF head says

The war in Ukraine is like a powerful earthquake that will have ripple effects throughout the global economy, especially in poor countries, according to the head of the International Monetary Fund.

Tribune News Service

Argentina's Senate gives thumbs up to $45 billion IMF debt deal

Argentina's Senate voted late on Thursday to approve a $45 billion debt deal with the International Monetary Fund (IMF), converting the agreement into law and ensuring that the economically battered country can avoid another messy default.

Reuters

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Argentina's debt deal with IMF gets final legislative OK

Argentina’s Senate has given final legislative approval for President Alberto Fernández’s administration to refinance the government's $45 billion debt with the International Monetary Fund and avoid a default

The Independent UK

Global economic fallout of war in Ukraine is expected to negatively impact Indian economy: says IMF

WASHINGTON: The global economic fallout of the war in Ukraine is expected to negatively impact India's economy, while the immediate impact of the conflict on China is likely to be relatively small, the IMF said on Thursday.

The Times of India

IMF Staff to Visit Tunisia for Talks on Possible Financing Program

A small team of International Monetary Fund staff will visit Tunisia later this month for further discussions about a possible IMF-supported financing program, the global lender said on Thursday, citing good progress in discussions to date. IMF spokesperson Gerry Rice said the visit came after several months of consultations with…

Asharq Al-Awsat

More Isolation For Russia as IMF Board Suspends Russian Representative Role: FT

Amid Russia's ongoing military operations in Ukraine, International Monetary Fund (IMF) executive board has temporarily suspended the ceremonial role of dean held by Russian representative Aleksei Mozhin, Financial Times reported. The role of dean, held by Aleksei Mozhin since 2015, is the longest-serving Director. He came to the IMF in 1992…

Benzinga

Poor the hardest hit in Latam by Russia's Ukraine invasion -IMF

The poorest will be the hardest hit across Latin America and the Caribbean by the economic fallout from Russia's invasion of Ukraine, with the region facing further inflationary pressure, a senior official at the International Monetary Fund said on Wednesday.

Reuters

Sri Lankan leader seeks IMF help as economic crisis deepens

Sri Lanka’s president says his government is in discussions with the International Monetary Fund, other agencies and countries on deferring loan repayments

The Independent UK

Bank of England joins effort to safeguard Ukraine’s assets as country faces economic devastation

Exclusive: The governor of the Bank of England, Andrew Bailey, offered his support to his Ukrainian counterpart

The Independent UK

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Reuters

IMF says working on bilateral donor trust fund for Ukraine

The International Monetary Fund is working on a new Ukraine trust fund instrument to allow bilateral donor countries to contribute resources to the war-torn country as it battles a Russian invasion, an IMF official said on Monday.

Reuters

Ukraine economy to contract sharply in 2022 due to war, IMF report says

Ukraine's economy is expected to contract by 10% in 2022 as a result of Russia's invasion, but the outlook could worsen sharply if the conflict lasts longer, the International Monetary Fund said in a staff report released on Monday.

The Guardian - UK

Ukraine economy could shrink by up to 35% in 2022, says IMF

Institution believes invasion by Russia will cause ‘devastating’ damage to global economy

The Guardian - UK

Russia threatens to pay external debt in roubles; Ukraine’s GDP ‘could shrink 35%’; UK petrol to surge – as it happened

Rolling coverage of the latest economic and financial news

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Al Jazeera

Ukraine latest updates: Civilian convoy leaves besieged Mariupol

Ukraine news from March 14: Attempts to evacuate civilians and deliver humanitarian aid has failed for several days.

The Guardian - UK

Russian default on debts no longer ‘improbable’, says IMF head

Fund says a default from Russia after sanctions over its invasion of Ukraine would not trigger a global financial crisis

Reuters

Russian default no longer 'improbable', but no trigger for global financial crisis- IMF

Russia may default on its debts in the wake of unprecedented sanctions over its invasion of Ukraine, but that would not trigger a global financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Sunday.

The Guardian - UK

Zelenskiy’s reforms were too slow for us, but too fast for Putin

Like other world leaders, Ukraine’s president found tackling corruption difficult. Unlike them, he had Moscow watching him

The Times of India

Finance minister holds virtual meeting with IMF chief, discusses impact of rising commodity prices

NEW DELHI: Finance minister Nirmala Sitharaman on Friday held a virtual meeting with International Monetary Fund (IMF) managing director Kristalina Georgieva and discussed various issues, including the impact of rising commodity prices on world economy.

France 24

As Western firms cut ties with Russia, Kremlin signals it could seize assets

The growing exodus of Western firms has upset Russian consumers, while authorities are weighing up the possibility of temporarily taking over firms with large shares of foreign ownership. We take a closer look. Also, the IMF warns that rising commodity prices due to the war in Ukraine could hurt developing…

France 24

Ukraine war will have 'lasting consequences on global economy': IMF

Russia's invasion of Ukraine has sparked a massive humanitarian and economic crisis. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund, tells FRANCE 24 the war will also have "lasting consequences on the global economy". Also in the show: how should the current energy crisis be compared to…

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