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The Latest Breaking News from Julie Kozack

IMF says it will take time for energy, commodity prices to normalize after US-Iran deal

The IMF notes a decline in energy and commodity prices following a ceasefire in the Strait of Hormuz, though full normalization will take time. While inflationary expectations remain anchored, the Fund is particularly concerned about developing nations, especially in Africa, that are net energy importers. India's domestic demand is robust,…

The Economic Times

Ukraine war briefing: EU president von der Leyen vows to pay loan to Kyiv despite block by Hungary

90bn euro loan has been held up by resistance from Hungarian prime minister Viktor Orbán; US and Ukrainian negotiators to meet on Saturday.

The Guardian - AU

Argentina Seeking $20 Billion IMF Loan

Argentina has sought a $20 billion loan from the International Monetary Fund, the country's economy minister said Thursday, as the government struggles to hold on to foreign reserves while propping up an ailing currency.

International Business Times

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Israel-Hamas War Causes 86-percent Dive In Gaza GDP: IMF

A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP. "Preliminary official estimates indicate an 86 percent decline in GDP in the first…

International Business Times

IMF Discusses Bitcoin Risks in El Salvador Funding Talks

The IMF signaled that it remains interested in financing a program for El Salvador, but it also reiterated that risks associated with Bitcoin need to be addressed first.

International Business Times

Pakistan’s election chaos casts shadow on next IMF deal

Ex-PM Imran Khan has asked the IMF to factor in alleged rigging in recent polls. That’s dangerous, economists say.

Al Jazeera

Argentina Devalues Local Currency By 50%, Cuts Energy, Transportation Subsidies To Revive Economy

Luis Caputo said the country was going to see "worse than before" for a couple of months, adding that all the new government projects were halted as there was "no more money."

Latin Times

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Pakistan needs significantly more financing for successful bailout review -IMF

Pakistan needs significant additional financing for a successful completion of the long-stalled ninth review of the International Monetary Fund's bailout package, the IMF said in a scheduled press conference on Thursday.

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