The Latest Breaking News from the International Monetary Fund

IMF head welcomes Europe's interest rate hikes in campaign against inflation

The head of the International Monetary Fund has praised the European Central Bank’s decision to raise interest rate for the eighth time in a row

The Independent UK · Jun 16, 2023

IMF slams new Pakistan budget proposal, says government failing to implement a more fair tax system

The International Monetary Fund has slammed Pakistan’s government over its proposal for the new annual budget, saying it failed to implement a more fair tax system in the draft

The Independent UK · Jun 15, 2023

Time for an Asian Monetary Fund

Although the International Monetary Fund (IMF) has long been the most prominent global institution for promoting financial stability, calls to create regional alternatives are growing louder.

Bangkok Post · Jun 13, 2023

Despair in Ettadhamen: The harsh reality of Tunisia’s economy

‘This … system, goes back to the beys who needed to keep their courtiers happy to maintain their rule’, analyst says.

Al Jazeera · Jun 1, 2023

Ghana and the IMF have struck a deal, but hard choices lie ahead

In mid-May 2023 the International Monetary Fund (IMF) finally approved a US$3 billion 36-month arrangement with Ghana. It immediately disbursed the first tranche of US$600 million.

The Conversation · May 30, 2023

IMF reaches staff agreement on Ukraine loan review; will enable $900 million disbursement

The International Monetary Fund said on Tuesday that it has reached a staff-level agreement with Ukraine for the first review of the war-torn country's $15.6 billion IMF loan program, which would allow for a $900 million disbursement to Kyiv upon approval by the IMF Executive Board.

Reuters · May 30, 2023

A world of debt is in need of more flexibility

Recent headlines seem to augur a global debt crisis. The US is teetering on the precipice of a self-inflicted default. Egypt, Ghana, Pakistan, and other countries face grave financial difficulties. And the Chinese are delaying or hampering multilateral efforts to restructure low- and middle-income countries' debt.

Bangkok Post · May 29, 2023

Pakistan to share budget details with IMF to unlock funds - finance minister

Pakistan's Finance Minister Ishaq Dar said on Sunday the country will share its upcoming budget details with the International Monetary Fund (IMF) in order to unlock stalled funds.

Reuters · May 28, 2023

Improving how the IMF does business could help billions of people worldwide — by giving governments money to spend on public goods and increasing accountability. Podcast

In countries across the Global South, the launch of IMF programs often sparks considerable concern. This is because of the IMF’s reputation: during the 1980s, many nations in Africa, Asia and Latin America turned to the IMF seeking loans to mitigate economic challenges. These loans were accompanied by stringent conditions,…

The Conversation · May 25, 2023

Bangladesh PM says 'very much sure' country able to repay IMF loan

The Prime Minister of Bangladesh Sheikh Hasina said on Wednesday she is confident that the country will be able to meet its commitments to the International Monetary Fund.

Reuters · May 24, 2023