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The Latest Breaking News from the International Monetary Fund

The World Bank Is Still Failing the Poor

Poverty alleviation in the economically weakest parts of the world will require giving the poor a real seat at the table—which the World Bank has…

Foreign Policy

Brazil's Lula takes swipe at IMF and World Bank on China trip

Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions". The NDB was created by the BRICS group and is headed by his predecessor Dilma Rousseff. Meanwhile in Washington,…

France 24

Strikes drag UK economic growth to a standstill; mortgage defaults rising as households struggle – as it happened

Latest GDP report shows that civil service and teachers’ strikes held back service sector growth, leading to no growth in February

The Guardian - UK

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IMF forecasts inflation could remain high until 2025, affecting global growth

During its annual Spring Meeting in Washington, the International Monetary Fund has revised its forecasts upward to 7 percent for global inflation this year and 4.9 percent in 2024. Those figures, above the target rate of 2 percent, will be contributing factors in slowing down growth, including for developing economies.…

France 24

IMF slashes cash-strapped Pakistan's growth outlook to 0.5%

The International Monetary Fund has slashed the growth outlook for cash-strapped Pakistan, forecasting the South Asian country’s fragile economy will grow just 0.5% this year, down from 6% in 2022

The Independent UK

Companies skeptical about Egypt's push to ease industry ties

Egypt is embarking on a privatization push to help its cash-strapped government after pressure from the International Monetary Fund

The Independent UK

Watch: Economic warning, School violence, Liberal turmoil

Watch: The International Monetary Fund is warning the global economy faces feeble and uneven growth for the rest of the decade. Assaults in NSW schools

The New Daily

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IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

ABC News

Australia ‘not immune’ from global economic malaise

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

The New Daily

Australia 'not immune' from global economic malaise

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

AAP

IMF expects Australia’s economy to slow amid ‘perilous’ international pressures

International Monetary Fund forecast echoes predictions from Treasury and RBA and warns ‘ominous forces’ may be behind global economic strains

The Guardian - AU

IMF warns risk of global recession is growing; ASX gains as investors await US inflation data

Australian shares are boosted by miners on higher iron ore prices, and the International Monetary Fund has slashed its growth forecast for 2023 because of high inflation, banking crises, the Ukraine war, and COVID-19.

ABC News

IMF warns deeper financial turmoil would hit growth

The International Monetary Fund has trimmed its 2023 global growth outlook slightly as higher interest rates cool activity.

The New Daily

UK will be worst performing G7 nation this year as economy shrinks, experts predict

The International Monetary Fund thinks UK plc will shrink 0.3%, and the only other advanced economy in the G7 group expected to decline is Germany’s, by 0.1%

Daily Mirror

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Daily Record

SNP blame 'Tory economic incompetence' as UK set for worst growth in G7

The International Monetary Fund said the UK's economy will grow slower than most other G20 countries.

Asharq Al-Awsat

IMF Issues Growth Warning as it Lowers 2023 Forecast

The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical tension. Concerns over high inflation, rising geopolitical tension and financial stability all hang over the updated forecasts, with the impact…

Evening Standard

Only Italy will grow slower than the UK, according to grim IMF forecast

The International Monetary Fund has warned of ‘thickening fog’ over the world’s economic outlook

The Independent UK

Watch live: IMF and World Bank release Global Financial Stability Report

Watch live as the International Monetary Fund (IMF) and the World Bank Group (WBG) release the Global Financial Stability Report on Tuesday, 11 April.It comes after the release of the World Economic Outlook at the 2023 Spring Meetings.

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Daily Mirror

When will interest rates start to fall? New IMF prediction is good news for homeowners

In a new glimmer of hope, the International Monetary Fund (IMF) this week said interest rates in major economies are expected to fall back to pre-pandemic levels

The Guardian - UK

Is the Ukraine war boosting or damaging the Russian economy?

IMF suggests invasion spending is pushing up GDP but academics argue non-military economy is foundering

Reuters

Pakistan finance minister cancels US trip due to political crisis

Pakistan Finance Minister Ishaq Dar on Saturday said he had canceled his trip to Washington for the spring meetings of the International Monetary Fund and World Bank on the orders of the prime minister due to the political situation in the country.

Asharq Al-Awsat

IMF Approves Two-Year Flexible Credit Line for Morocco

The Executive Board of the International Monetary Fund (IMF) has approved a two-year arrangement for Morocco under the Flexible Credit Line (FCL).

Reuters

Russia's war on Ukraine latest: Huge blaze injures 34 in latest wave of Russian strikes

Russia unleashed a fresh volley of missiles on Ukraine overnight, causing huge blazes in an eastern city, damaging dozens of homes and wounding at least 34 people.

Reuters

IMF approves $15.6 billion Ukraine loan, part of $115 billion in global support

The International Monetary Fund said on Friday its executive board approved a four-year $15.6 billion loan program for Ukraine, part of a global $115 billion package to support the country's economy as it battles Russia's 13-month-old invasion.

Asharq Al-Awsat

EU Official Says Major Aid to Lebanon Depends on IMF Deal

A European Union official visiting Lebanon said Friday that the international body will increase its humanitarian assistance to the crisis-struck country, but that more significant long-term aid depends on reforms and a deal with the International Monetary Fund. EU Commissioner for Crisis Management Janez Lenarčič said at a press conference…

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