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The Latest Breaking News from the International Monetary Fund

War-torn Ukraine to receive first loan from IMF

The International Monetary Fund (IMF) and Kyiv have reached a staff-level agreement for a $15.6 billion loan which should be finalised in the coming weeks. The Washington-based lender had previously changed its rules in order to allow loans to countries facing "exceptionally high uncertainty", without naming Ukraine specifically. Also in…

Sri Lanka says latest bailout funds can be used for fiscal support - Bloomberg News

Sri Lanka says latest bailout funds can be used for fiscal support - Bloomberg News

The International Monetary Fund (IMF) is allowing Sri Lanka to utilise funds from its latest bailout for fiscal support, unlike previous loans that could only be used to ease balance of payments crises, central bank governor Nandalal Weerasinghe said in an interview with Bloomberg.

IMF says Argentina to delay payment within rules, remains current

IMF says Argentina to delay payment within rules, remains current

The International Monetary Fund said on Tuesday Argentina informed the IMF it will merge two payments due this week into a single payment of about $2.7 billion on March 31.

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IMF to assess Sri Lankan governance as part of $3B bailout

The International Monetary Fund says it is assessing Sri Lanka's governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program

The Independent UK

Debt-stricken Sri Lanka to get first tranche of IMF bailout funds in two days

Sri Lanka will get the first $330 million tranche of an International Monetary Fund bailout in the next two days, the global lender said on Tuesday, putting the onus on the cash-strapped country to rein in its debt to sustainable levels.

IMF approves crucial $3B bailout for bankrupt Sri Lanka

The International Monetary Fund says its executive board has approved a nearly $3 billion bailout program for bankrupt Sri Lanka

The Independent UK

Lebanese Juggle Dizzying Rates for Devalued Pound

When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she keeps her phone in hand – not to check her shopping list but to calculate the spiraling costs of goods now priced at volatile exchange rates that vary by store and sector. As Lebanon's economy continues to collapse, an…

Asharq Al-Awsat

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IMF approves rule change that would allow new Ukraine loan program

IMF approves rule change that would allow new Ukraine loan program

The International Monetary Fund said its executive board on Friday approved rule changes that would allow the IMF to approve new loan programs for countries facing "exceptionally high uncertainty" - a move expected to pave the way for a new Ukraine loan program.

Lebanon: Mikati Says Parties Rejecting Cabinet Meetings Better Elect a President

Lebanon: Mikati Says Parties Rejecting Cabinet Meetings Better Elect a President

Lebanon’s caretaker Prime Minister Najib Mikati hailed the latest development in the Saudi-Iranian relations, stressing that Lebanon supports any "consensual" course in the region mainly that Saudi Arabia is a party to it.

Asharq Al-Awsat

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People

Gotabaya Rajapaksa

Ranil Wickremesinghe

Kristalina Georgieva

Christian Schmollinger

Nandalal Weerasinghe

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