The Latest Breaking News from International Monetary Fund

‘Ostrich’ Boris Johnson has head in sand over cost of living, claims Labour

The Prime Minister repeatedly claimed Labour has ‘no plan’ and defended his Government’s economic record during PMQs.

The Independent UK · Apr 27, 2022

Keir Starmer brands Boris Johnson 'cost of living Comical Ali' in furious PMQs clash

Labour's leader accused the Prime Minister to Iraq's former information minister - made famous in a meme trying to play down the scale of the crisis facing his country

Daily Mirror · Apr 27, 2022

Oil Prices Stable Amid Balancing Act Of Russia Supply Fears and Asian Demand Concerns On COVID-19 Restrictions

On Wednesday, oil was steady after Russia cut gas supplies to Bulgaria and Poland. However, lingering concerns about Asian COVID-19 related lockdowns (especially in China) weigh on economic growth, and oil demand constrains the prices, writes Reuters. Brent crude futures rose $0.26, or 0.30%, to $105.25 a barrel by 0823 GMT. U.S.…

Benzinga · Apr 27, 2022

IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday.

Reuters · Apr 26, 2022

Global growth engines sputtering

The International Monetary Fund's revised World Economic Outlook (WEO) is sobering. It is rare for the organisation to revise down sharply its projections for economic growth just one quarter into the calendar year. Yet in this case, it has done so for 86% of its 190 member countries, resulting in…

Bangkok Post · Apr 25, 2022

Egypt Seeks Increasing Private Sector Participation in Economic Activities

Egypt has a new document for the state ownership policy, a national strategy aimed at maximizing the participation of the private sector in economic activity, announced Finance Minister Mohamed Maait. The Minister indicated that this "reassures" local investors, attracts foreign investments, and enhances the confidence of international institutions. Maait met…

Asharq Al-Awsat · Apr 24, 2022

Saudi Arabia Expects Stronger Growth in Non-Oil Sector

Saudi Minister of Finance Mohammed al-Jadaan said he is expecting stronger-than-expected growth this year in the non-oil sector underpinned by the structural reforms under Vision 2030. Jadaan asserted that the Kingdom remains committed to prudent policies to maintain monetary and financial stability and preserve a solid fiscal position while accelerating…

Asharq Al-Awsat · Apr 24, 2022

World Bank readies Sri Lanka aid package, IMF calls loan talks 'fruitful'

The International Monetary Fund said on Saturday it held "fruitful technical discussions" with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country.

Reuters · Apr 23, 2022

Argentina will not modify $45 billion debt with IMF -finance minister

Argentine economy minister Martin Guzman said late on Friday that a $45 billion debt deal with the International Monetary Fund will not be modified, following a meeting with IMF head Kristalina Georgieva.

Reuters · Apr 23, 2022

India extends additional $500 million credit line to Sri Lanka for purchasing fuel

Sri Lanka needs at least $4 billion to tide over its mounting economic woes.

The Hindu · Apr 23, 2022