IMF approves $1.2 billion for Pakistan from bailout, citing progress on economic and climate reforms
Read full article: IMF approves $1.2 billion for Pakistan from bailout, citing progress on economic and climate reformsThe International Monetary Fund says it has approved the release of $1.2 billion to Pakistan, giving the cash-strapped country a fresh boost as it works to recover from one of its worst economic crises in years.
UK inflation unexpectedly holds steady and bolsters hopes of November rate cut
Read full article: UK inflation unexpectedly holds steady and bolsters hopes of November rate cutInflation in the U.K. has unexpectedly held steady in the year to September, according to official figures released Wednesday.
IMF more upbeat about US growth than just months ago, but outlook is dimmer than last year
Read full article: IMF more upbeat about US growth than just months ago, but outlook is dimmer than last yearThe U.S. and global economies will grow a bit more this year than previously forecast as the Trump administrationโs tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging.
IMF chief warns of economic uncertainty and offers this advice: 'Buckle up'
Read full article: IMF chief warns of economic uncertainty and offers this advice: 'Buckle up'The global economy may be holding up better than expected despite major shocks such as President Donald Trumpโs tariffs, but the head of the International Monetary Fund says that resilience may not last.
Syria's post-war economic recovery will require 'substantial' international support, IMF says
Read full article: Syria's post-war economic recovery will require 'substantial' international support, IMF saysThe International Monetary Fund had said it visited Syria for the first time since 2009 as the country scrambles to rebuild after over a decade of conflict.
Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says
Read full article: Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF saysThe International Monetary Fund says that countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid.
IMF chief urges countries to move 'swiftly' to resolve trade tensions that threaten global growth
Read full article: IMF chief urges countries to move 'swiftly' to resolve trade tensions that threaten global growthThe head of the International Monetary Fund urged countries to move โswiftlyโโ to resolve trade disputes that threaten global economic growth.
Bessent says IMF and World Bank need reform, says there's an 'opportunity for a big deal' with China
Read full article: Bessent says IMF and World Bank need reform, says there's an 'opportunity for a big deal' with ChinaTreasury Secretary Scott Bessent has played a balancing act trying to reassure nervous investors that the U.S. would maintain its global leadership role, while staying true to the Trump administrationโs skepticism of multilateral banking organizations.
US and global economic outlook deteriorates in Trump trade war, IMF says
Read full article: US and global economic outlook deteriorates in Trump trade war, IMF saysThe International Monetary Fund says the US and global economies will likely slow significantly in the wake of President Donald Trumpโs tariffs and the uncertainty they have created.
US tariffs will weaken global economy and trigger inflation but not a global recession, IMF says
Read full article: US tariffs will weaken global economy and trigger inflation but not a global recession, IMF saysSurging U.S. tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the International Monetary Fund.
In key milestones for President Milei, Argentina secures IMF deal and ends most capital controls
Read full article: In key milestones for President Milei, Argentina secures IMF deal and ends most capital controlsPresident Javier Milei says that he will lift most of the countryโs strict capital and currency controls next week, a high-stakes gamble made possible by a new loan from the International Monetary Fund.
The International Monetary Fund reaches a deal with Argentina on a $20 billion bailout
Read full article: The International Monetary Fund reaches a deal with Argentina on a $20 billion bailoutThe International Monetary Fund has reached a preliminary agreement with Argentina on a $20 billion bailout package, providing a reprieve to President Javier Milei as he seeks to overturn the countryโs old economic order.
IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
Read full article: IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlookThe International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year.
IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms
Read full article: IMF chief warns that world risks falling into slow-growth rut and urges China to enact reformsThe world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday.
IMF's view: The global fight against high inflation is 'almost won'
Read full article: IMF's view: The global fight against high inflation is 'almost won'The global war against inflation has largely been won โ and at surprisingly little cost to economic growth, the International Monetary Fund has declared.
Treasury official says withdrawing the US from the IMF and World Bank would be a 'step backward'
Read full article: Treasury official says withdrawing the US from the IMF and World Bank would be a 'step backward'U_S_ Treasury official Jay Shambaugh says withdrawing the U_S_ from the IMF and World Bank would be โa step backward."
The IMF approves a $7 billion loan for Pakistan, which will get $1 billion immediately
Read full article: The IMF approves a $7 billion loan for Pakistan, which will get $1 billion immediatelyPakistani officials say the executive board of the International Fund has approved a new $7 billion loan for the country.
Sri Lanka's new president says he'll restart talks with the IMF to find a way out of economic crisis
Read full article: Sri Lanka's new president says he'll restart talks with the IMF to find a way out of economic crisisSri Lankaโs new President Anura Kumara Dissanayake says that he will soon resume discussions with the International Monetary Fund and foreign creditors to plot a way out of the worst economic crisis in the countryโs history.
Pakistan says it has met all of the IMF's conditions to secure a new $7 billion loan
Read full article: Pakistan says it has met all of the IMF's conditions to secure a new $7 billion loanPakistanโs leader says the country has met all the conditions set by the International Monetary Fund to qualify for a new $7 billion loan to help prop up its economy.
Kenya will reintroduce some tax proposals that sparked deadly protests
Read full article: Kenya will reintroduce some tax proposals that sparked deadly protestsKenyaโs new finance minister says some of the proposed taxes that led to weeks of deadly protests earlier this year will be reintroduced through a tax amendment bill as the country struggles to find revenue to pay off debts.
IMF's economic view: Brighter outlook for China and India but tepid global growth
Read full article: IMF's economic view: Brighter outlook for China and India but tepid global growthThe International Monetary Fund has upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan.
Argentina's inflation edges up in June, breaking a months-long streak in a blow to President Milei
Read full article: Argentina's inflation edges up in June, breaking a months-long streak in a blow to President MileiA closely watched measure of inflation in Argentina remained stronger than the libertarian government of President Javier Milei would have hoped.
IMF upgrades its forecast for China's economy, but says reforms are needed to support growth
Read full article: IMF upgrades its forecast for China's economy, but says reforms are needed to support growthThe International Monetary Fund has upgraded its forecast for China's economy, while warning that reforms are needed to sustain growth.
Argentina will get next installment of bailout as IMF praises Milei's austerity policies
Read full article: Argentina will get next installment of bailout as IMF praises Milei's austerity policiesThe International Monetary Fund, Argentinaโs biggest creditor, has agreed to release the next tranche of loans due under a bailout program.
IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economies
Read full article: IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economiesThe head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but โthere is plenty to worry about,โณ including stubborn inflation and rising levels of government debt.
IMF: Outlook for world economy is brighter, though still modest by historical standards
Read full article: IMF: Outlook for world economy is brighter, though still modest by historical standardsThe International Monetary Fund has upgraded its outlook for the global economy, saying the world appears headed for a โsoft landingโ โ reining in inflation without much economic pain and producing steady if modest growth.
IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
Read full article: IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfallsThe head of the International Monetary Fund says strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year.
Egypt floats its currency and agrees with the IMF to increase a bailout loan to $8 billion
Read full article: Egypt floats its currency and agrees with the IMF to increase a bailout loan to $8 billionEgypt has floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan to $8 billion.
Pakistani ex-Prime Minister Khan wants the IMF to link talks to an independent audit of the election
Read full article: Pakistani ex-Prime Minister Khan wants the IMF to link talks to an independent audit of the electionPakistanโs imprisoned former Prime Minister Imran Khan is writing a letter to the International Monetary Fund urging it to link any talks with Islamabad to an audit of the countryโs recent election.
Recession has struck some of the world's top economies. The US keeps defying expectations
Read full article: Recession has struck some of the world's top economies. The US keeps defying expectationsBoth Japan and the United Kingdom said Thursday their economies weakened during the final three months of 2023.
Beijing replaces head of China Securities Regulatory Commission during stock market slump
Read full article: Beijing replaces head of China Securities Regulatory Commission during stock market slumpBeijing has replaced the head of the China Securities Regulatory Commission in an apparent effort to restore confidence in the stock market following major losses in domestic share prices.
Britain's Conservative government warned against tax cuts by IMF economist
Read full article: Britain's Conservative government warned against tax cuts by IMF economistThe International Monetary Fundโs chief economist has advised the U.K. government to avoid further tax cuts amid expectations Prime Minister Rishi Sunakโs battered administration will do just that to win over voters in an election year.
IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation
Read full article: IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflationThe International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation.
UN economic forecast cites conflicts, sluggish trade, high interest and climate disasters
Read full article: UN economic forecast cites conflicts, sluggish trade, high interest and climate disastersThe United Nations has issued a somber global economic forecast for 2024, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters.
Germany's economy seen shrinking again in the current quarter as business confidence declines
Read full article: Germany's economy seen shrinking again in the current quarter as business confidence declinesGermany's central bank says the country's economy is likely to shrink again slightly in the current fourth quarter.
Sri Lanka will get the second tranche of a much-need bailout package from the IMF
Read full article: Sri Lanka will get the second tranche of a much-need bailout package from the IMFThe International Monetary Fund executive board has approved the release of the second tranche of a bailout package to help Sri Lanka recover from the worst economic crisis in its history.
Argentina sharply devalues its currency and cuts subsidies as part of shock economic measures
Read full article: Argentina sharply devalues its currency and cuts subsidies as part of shock economic measuresArgentina has announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock adjustments new President Javier Milei says are needed to deal with an economic emergency.
Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds
Read full article: Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF fundsSri Lanka says it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring.
Germany's leader vows to fix a spending crisis that's worsening gloom in the struggling economy
Read full article: Germany's leader vows to fix a spending crisis that's worsening gloom in the struggling economyGerman Chancellor Olaf Scholz has promised quick action to fix a budget crisis after a court decision blew a large hole in the almost-finished plan for next year.
International Monetary Fund warns Europe against prematurely declaring victory over inflation
Read full article: International Monetary Fund warns Europe against prematurely declaring victory over inflationThe International Monetary Fund says the European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until theyโre sure inflation is under control despite sluggish growth.
IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
Read full article: IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risksThe International Monetary Fund says Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade.
IMF and World Bank are urged to boost funding for African nations facing conflict and climate change
Read full article: IMF and World Bank are urged to boost funding for African nations facing conflict and climate changeMost of the population in conflict-affected countries like Niger, Mali, Burkina Faso, Chad and northern Nigeria depends on climate-vulnerable agriculture.
IMF outlook worsens for a 'limping' world economy. Mideast war poses new uncertainty
Read full article: IMF outlook worsens for a 'limping' world economy. Mideast war poses new uncertaintyThe International Monetary Fund warns that the world economy has lost momentum from the impact of higher interest rates, the invasion in Ukraine and widening geopolitical rifts.
IMF and World Bank pledge Africa focus at first meetings on the continent in 50 years
Read full article: IMF and World Bank pledge Africa focus at first meetings on the continent in 50 yearsThe International Monetary Fund and World Bank are holding their annual meetings in Morocco, one month after an earthquake killed nearly 3,000 people in the North African country.
IMF chief says the global economy has shown resilience in the face of COVID, war and high rates
Read full article: IMF chief says the global economy has shown resilience in the face of COVID, war and high ratesThe global economy has shown remarkable resilience but still bears deep scars from the coronavirus pandemic, the war in Ukraine and rising interest rates.
IMF expects continuing US support for Ukraine despite Congress dropping aid
Read full article: IMF expects continuing US support for Ukraine despite Congress dropping aidThe International Monetary Fund says it expects the U.S. to continue playing its key role in amassing multinational support that has helped keep Ukraineโs economy afloat during Russiaโs invasion.
IMF warns Lebanon that the country is still facing enormous challenges, years after a meltdown began
Read full article: IMF warns Lebanon that the country is still facing enormous challenges, years after a meltdown beganThe International Monetary Fund has warned that Lebanon is still facing enormous economic challenges, four years after the country's historic meltdown began.
US economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikes
Read full article: US economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikesThe U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserveโs 16-month-long fight to bring down inflation.
IMF global economic outlook sees slight growth, but inflation still a drag
Read full article: IMF global economic outlook sees slight growth, but inflation still a dragThe International Monetary Fund is projecting that global economic growth will see a slight improvement compared to its previous projections but cautions that many challenges still cloud the horizon.
IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt
Read full article: IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debtThe International Monetary Fund has approved a much-awaited $3 billion bailout for Pakistan that likely will save the nation from defaulting on its debt repayments.
Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid default
Read full article: Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid defaultThe International Monetary Fund has agreed to provide $3 billion to Pakistan โ a badly needed relief to bail out the impoverished countryโs ailing economy.
Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say
Read full article: Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French sayThe French government says that Zambia has reached a deal with China and several other government creditors to restructure $6.3 billion in loans.
Pakistan's premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default
Read full article: Pakistan's premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid defaultOfficials say Pakistanโs Prime Minister Shahbaz Sharif has met with the head of the International Monetary Fund in Paris on the sidelines of the global financing summit in a last-ditch effort to unlock a $6 billion bailout package to help avoid a default.
Paris summit aims to shake up the financial system. It will test leaders' resolve on climate
Read full article: Paris summit aims to shake up the financial system. It will test leaders' resolve on climateHeads of state, finance leaders and activists are converging in Paris to seek ways to overhaul the International Monetary Fund and World Bank and help them weather a warmer and stormier world.
UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order
Read full article: UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global orderFrom the ashes of World War II, three institutions were created as linchpins of a new global order.
IMF head welcomes Europe's interest rate hikes in campaign against inflation
Read full article: IMF head welcomes Europe's interest rate hikes in campaign against inflationThe head of the International Monetary Fund has praised the European Central Bankโs decision to raise interest rate for the eighth time in a row.
IMF says Sri Lanka's economic recovery shows signs of improvement but challenges remain
Read full article: IMF says Sri Lanka's economic recovery shows signs of improvement but challenges remainThe International Monetary Fund says that debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recovery still faces challenges.
Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of rebounding
Read full article: Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of reboundingSri Lankaโs Central Bank has reduced its interest rates for the first time since the island nation declared bankruptcy last year.
Ukraine's economy shows 'resilience' from Russian attacks, IMF says as it backs aid
Read full article: Ukraine's economy shows 'resilience' from Russian attacks, IMF says as it backs aidInternational Monetary Fund has signed off on an initial loan of $900 million and raised its estimate for the countryโs economic growth.
IMF says inflation to slow growth across Mideast this year
Read full article: IMF says inflation to slow growth across Mideast this yearEconomies across the Middle East and Central Asia will likely slow this year as persistently high inflation and rising interest rates bite into their post-pandemic gains.
Fed's Powell was tricked by fake call from Russia pranksters
Read full article: Fed's Powell was tricked by fake call from Russia prankstersFederal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelenskyy, during which Powell appeared to discuss the impact of interest rate hikes.
IMF: Prolonged high inflation dims outlook for world economy
Read full article: IMF: Prolonged high inflation dims outlook for world economyThe outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks.
IMF head expects less than 3% global economic growth in 2023
Read full article: IMF head expects less than 3% global economic growth in 2023The International Monetary Fund chief warns the world economy is expected to grow less than 3% this year, down from 3.4% last year, increasing the risk of hunger and poverty globally.
EU official says major aid to Lebanon depends on IMF deal
Read full article: EU official says major aid to Lebanon depends on IMF dealA European Union official visiting Lebanon says the international body will boost its humanitarian assistance to the crisis-stricken country, but that more significant long-term aid depends on reforms and a deal with the International Monetary Fund.
Fernรกndez, Biden hold talks amid Argentina's economic strain
Read full article: Fernรกndez, Biden hold talks amid Argentina's economic strainPresident Alberto Fernรกndez of Argentina has used a White House meeting to spotlight the economic strain his country faces as he looks for President Joe Biden to back Argentinaโs effort to renegotiate with the International Monetary Fund on terms of $44 billion debt.
IMF to assess Sri Lankan governance as part of $3B bailout
Read full article: IMF to assess Sri Lankan governance as part of $3B bailoutThe 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.
China's Xi wants bigger global role after Saudi-Iran deal
Read full article: China's Xi wants bigger global role after Saudi-Iran dealPresident Xi Jinping is calling for China to play a bigger role in managing global affairs after Beijing scored a diplomatic coup by hosting talks that produced an agreement by Saudi Arabia and Iran to reopen diplomatic relations.
Climate advocates urge World Bank overhaul as leader exits
Read full article: Climate advocates urge World Bank overhaul as leader exitsLeading climate figures are urging the Biden administration to use the early departure of the Trump-appointed head of the World Bank as an opening to overhaul the powerful financial institution.
China expresses support for Sri Lanka ahead of debt meeting
Read full article: China expresses support for Sri Lanka ahead of debt meetingChina has expressed support for Sri Lanka ahead of a meeting of lenders to poor economies but gave no indication if it might help to cut debts that have plunged the Indian Ocean island nation into financial and political turmoil.
Pakistan in bailout bid sharply raises natural gas taxes
Read full article: Pakistan in bailout bid sharply raises natural gas taxesCash-strapped Pakistan sharply increased taxes on natural gas to comply with a long-stalled financial bailout, and both industrial and everyday consumers were expected to feel the pain.
IMF upgrades outlook for the global economy in 2023
Read full article: IMF upgrades outlook for the global economy in 2023The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russiaโs ongoing war against Ukraine.
Yellen boosting Biden's agenda in Virginia as midterms near
Read full article: Yellen boosting Biden's agenda in Virginia as midterms nearTreasury Secretary Janet Yellen is promoting Biden administration policies as the key to advancing the nationโs โlong-term economic well-beingโ in the lead-up to the midterm elections.
IMF chief urges aggressive fight against soaring inflation
Read full article: IMF chief urges aggressive fight against soaring inflationThe managing director of the International Monetary Fund urged global policymakers to stop inflation from becoming โa runaway trainโณ at a time of extraordinary economic turmoil.
IMF dims outlook for 2023 global economy amid Ukraine war
Read full article: IMF dims outlook for 2023 global economy amid Ukraine warThe International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russiaโs war against Ukraine, chronic inflation pressures, punishing interest rates and the lingering consequences of the global pandemic.
Sri Lanka begins crucial debt restructuring talks with China
Read full article: Sri Lanka begins crucial debt restructuring talks with ChinaSri Lankaโs government has started debt restructuring discussions with China, an important step toward finalizing an International Monetary Fund rescue of the island nation from a severe economic crisis.
India quarterly growth rises to 13.5% after pandemic slump
Read full article: India quarterly growth rises to 13.5% after pandemic slumpThe Indian government says the country's economy grew by 13.5% in the April-June quarter from a year earlier, pushed up by a boost in agriculture and manufacturing as pandemic curbs eased.
IMF fees on war-torn countries closer to elimination
Read full article: IMF fees on war-torn countries closer to eliminationThe International Monetary Fund is facing pressure to eliminate, or at least, reevaluate how it imposes fees on loans it disperses to needy countries like war-torn Ukraine โ which is one of the fundโs biggest borrowers.
