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The Latest Breaking News from the International Monetary Fund

IMF upgrades UK economic growth as elections drive global uncertainty

It came as the financial agency held its forecasts for the global economy steady for 2024, with a slight downgrade for next year.

Evening Standard

IMF Asks Sri Lanka To Protect Hard-won Gains

Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said Friday as the country's new president sought changes to its $2.9 billion bailout.

International Business Times

Strategies To Mitigate The Impact Of Inflation

According to the International Monetary Fund (IMF), inflation is decreasing more quickly than anticipated. Global inflation is projected to drop to 5.8% in 2024 and 4.4% in 2025.

International Business Times

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Russia-Ukraine war: US imposes new sanctions on Russia and North Korea – as it happened

Concerns over deepening military cooperation between Russia and North Korea over war in Ukraine

The Guardian - UK

Ethiopia’s bold economic reforms target stability and growth, but they come with risks

Ethiopia’s recent macroeconomic reforms, supported by the International Monetary Fund (IMF) and the World Bank, could have profound implications for the country and the region. The key reforms include the use of a floating exchange rate system and of interest rates as a policy tool.

The Conversation

Ethiopia Implements Flexible Exchange Rate Policy To Stabilize Economy

Ethiopia's currency devalued by 30% due to new exchange rate policy, sparking inflation concerns and market adjustments.

Top News

New fears Brexit has ‘drained life out of UK economy’ following IMF report

The International Monetary Fund’s July report warns ‘the global economy is in a sticky spot’ with the UK lagging behind most other major economies

The Independent UK

IMF's economic view: Brighter outlook for China and India but tepid global growth

The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

The Independent UK

Pakistan Reaches $7 Bn Aid Deal With IMF

The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.

International Business Times

The IMF is failing countries like Kenya: why, and what can be done about it

The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a rapidly changing global political economy.

The Conversation

Kenyan president withdraws tax bill after violent protests leave 23 dead

Police in Kenya brace for more protests as calls for Ruto’s resignation grows

The Independent UK

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TechRadar

IMF suggests taxing CO2 emissions caused by AI

Noting its potentially negative impacts on the labor force, the IMF is prepared to explore restrictions on AI, including taxation.

The Conversation

Mauritius’ next growth phase: a new plan is needed as the tax haven era fades

Mauritians will head to the polls by November 2024 and politicians are considering the economic direction of the island country.

France 24

Situation in Sudan's El Fasher a 'disaster', former MSF chief warns

In tonight's edition: As the World Health Organization warns of the prospect of mass starvation in war-stricken Sudan, we speak to the former director of Médecins Sans Frontières about the devastation being wrought on the Darfuri city of El Fasher. Also, as Ghana moves a step closer to unlocking millions…

Al Jazeera

Russia test: Will Pakistan attend the Ukraine peace summit?

Pakistan insists it has stayed neutral on Russia’s war on Ukraine. But it now faces a difficult choice.

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The Guardian - UK

Fiscal tussle: who will win the battle to put up taxes the least?

The Conservatives and Labour are embroiled in a fight to woo voters with promises to keep rates of tax low

Top News

IMF Upgrades China's Economic Forecast, Calls For Consumer-Friendly Reforms

IMF upgrades China's growth forecast to 5%, emphasizing consumer-friendly reforms for sustained high-quality growth. Risks ahead include declining growth r...

Barchart

Stock Index Futures Plunge as Bond Yields Climb on Rate Fears, U.S. Inflation Data Awaited

June S&P 500 E-Mini futures (ESM24) are down -0.53%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.58% this morning as U.S. Treasury yields continued to rise following weak debt auctions, resilient consumer confidence data, and hawkish comments from a Federal Reserve official, while investors braced for key U.S.…

Barchart

Stock Index Futures Plunge as Bond Yields Climb, U.S. Inflation Data Awaited

June S&P 500 E-Mini futures (ESM24) are down -0.58%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.65% this morning as U.S. Treasury yields continued to rise following weak debt auctions and hawkish comments from a Federal Reserve official, while investors braced for key U.S. inflation data later this…

The Independent UK

IMF upgrades its forecast for China's economy, but says reforms are needed to support growth

The International Monetary Fund has upgraded its forecast for China's economy, while warning that reforms are needed to sustain growth

International Business Times

IMF Lifts China Growth Forecast But Warns On Industrial Policy

The International Monetary Fund on Wednesday raised its yearly growth forecast for China, but warned that Beijing's industrial policy risks a "misallocation" of resources and could harm trade.

International Business Times

IMF Cautions On Timing Of UK Rate Cut

The International Monetary Fund on Tuesday said the Bank of England should be mindful over when to start cutting interest rates or risk harming an economy recently out of recession.

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