The Latest Breaking News from International Monetary Fund

IMF paper lauds India's 'Ann Yojna' for averting extreme poverty

NEW DELHI: India has averted the rise in extreme poverty through the food security scheme, Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), according to the International Monetary Fund report.

The Times of India · Apr 6, 2022

Gotabaya loses majority in parliament

Over 40 MPs including from allies of ruling SLPP alliance sat as a separate block

The Hindu · Apr 5, 2022

Call for greater focus on developing Covid vaccines that block transmission

Experts have warned that the pandemic could ‘reverberate’ around the world for years to come.

The Independent UK · Apr 5, 2022

IMF Delegation Launches Two-Week Mission in Crisis-Hit Lebanon

An International Monetary Fund (IMF) delegation kicked off talks in Beirut Wednesday as part of a two-week mission aimed at securing progress towards funding for crisis-hit Lebanon. The government is hoping to secure a rescue package to exit a deep financial crisis that started in 2019 and has seen most…

Asharq Al-Awsat · Mar 30, 2022

Tunisia's UGTT Warns of Public Sector Strike

Tunisia's powerful UGTT union warned on Wednesday that public sector workers may go on strike to reject a package of economic reforms proposed by the government that it said included privatizations, wage freezes and cuts to subsidies. "The Department of Public Sector and Public Service (within the UGTT) approved the…

Asharq Al-Awsat · Mar 30, 2022

Climate-Related Disasters Pose ‘Major’ Growth Threat in Middle East, Central Asia, Warns IMF

The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world, posing a "major threat" to growth and prosperity, IMF Managing Director Kristalina Georgieva said. A new International Monetary Fund paper showed that climate disasters in the region injured…

Asharq Al-Awsat · Mar 30, 2022

Egypt Asserts New IMF Program Won't Entail New Burdens on Citizens

Egypt's Finance Minister Mohamed Maait said that the new program with the International Monetary Fund (IMF) aims to maintain the economic reform program and ensure the sustainability of growth rates, asserting that it won't entail any additional burdens on citizens. Egypt kicked off talks with IMF officials to consult on…

Asharq Al-Awsat · Mar 27, 2022

Lebanese parliament to debate capital control law

A draft Lebanese capital control law will be discussed by parliamentary committees on Monday and put to a vote on Tuesday if the text is agreed, two lawmakers said, a new bid to pass the long-delayed law amid a standoff between banks and some judges.

Reuters · Mar 26, 2022

Lebanese PM expects progress in talks with IMF over meltdown

Lebanon's prime minister says talks between his government and the International Monetary Fund over an economic recovery plan should make progress in the next two weeks

The Independent UK · Mar 26, 2022

Lebanon's Banks Threaten to Sue the State

A senior Lebanese official in the financial sector warned that the country was in a severe monetary crisis as a result of explicit duplicity in the state to dealing with the governance of the central bank and the banking system. The danger looms at a time when the talks with…

Asharq Al-Awsat · Mar 26, 2022