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The Latest Breaking News from Fund

Nayib Bukele Says El Salvador Will Keep Buying Bitcoin Despite IMF Deal, Draws Criticism

Nayib Bukele is under fire among Bitcoiners and prominent figures in the crypto industry after he insisted that El Salvador will not halt its strategic Bitcoin reserve even if the IMF's funding deal clearly states that the country is prohibited from buying $BTC throughout the funding program's duration.

International Business Times

Explained: The NWSL's $5 Million Settlement

Following an investigation into widespread allegations of abuse between 2013 and 2022, NWSL players have access to a new restitution fund.

Sports Illustrated

Cate Blanchett announces refugee film fund

Cate Blanchett has announced a refugee film fund, offering five filmmakers €100,000 to tell the story of those displaced by conflict.

BANG Premier

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Moon selected as historical preservation site to protect lunar heritage

The World Monuments Fund has added the moon to its watch list of 25 historic places that face major challenges and has called for preserving lunar heritage.

Space

Australia’s $230 billion Future Fund encouraged to invest in housing, energy transition, infrastructure

The Albanese government has rewritten the mandate of the Future Fund – the nation’s sovereign wealth fund – to urge it to direct investment into the “national priorities” of housing, the energy transition and infrastructure, where the risk and returns are acceptable.

The Conversation

Mining tech firm is first to get federal fund money

Russell Mineral Equipment will get $40 million from the federal government's National Reconstruction Fund, allowing it to remain Australian-owned and operated.

AAP

The NZ Super Fund has Israeli investments worth $35 million – could it divest?

The decision by Israel’s parliament to designate the United Nations’ Palestinian relief agency UNRWA a “terrorist organisation” has been condemned by many governments, with claims it will create a “catastrophe in what is already an unmitigated disaster”.

The Conversation

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Two years ago, world leaders established a global Pandemic Fund. Now its co-chairs are warning it needs at least $2 billion by June

Due to the high demand in many countries, the Pandemic Fund will exhaust most of its funds by next June.

Fortune

IMF Official Calls On International Community To Bring End To Lebanon Conflict

The international community should work to end the conflict in the Middle East and address the "huge" humanitarian crisis that has engulfed countries in the region, the head of the IMF's Middle East and Central Asia department said Thursday.

International Business Times

IMF Chief Seeks More Details On BRICS Payments System Plans

The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund's managing director said Thursday.

International Business Times

IMF Predicts Slightly Slower Global Growth In 2024 And 2025

Global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025, the IMF announced Tuesday, while warning that the stable figures masked "important" regional and sectoral shifts.

International Business Times

IMF warns markets are underestimating geopolitical risks; UK faces a ‘narrow path’ on debt reduction – as it happened

IMF predicts UK will grow by 1.1% this year, making it the joint third-fastest G7 country, but debt consolidation will be a challenge

The Guardian - UK

Jerk Hits Endangered Horse With UTV, Flees The Scene

Banker horses are a critically endangered species and the state horse of North Carolina, but a reckless UTV driver hit one and tried to flee the scene after.

RideApart

IMF reform is tricky: the US and China will need to work together

Europe is overrepresented while China is underrepresented, and the US will need to give up its veto

The Guardian - UK

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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.

Fortune

The case for a DEI rebrand

Impact funds that invest in people of color have come under legal heat in the past year and so are moving away from using terms like DEI and ESG.

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.

International Business Times

IMF Gives Draft Approval To Argentina Payout Of Almost $800 Mn

IMF staff have reached an agreement with Argentina on a loan program review that should unlock almost $800 million in much-needed funds for the Latin American country, the Washington-based financial institution said Monday.

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TV Tech

Scripps Appoints New President and CEO of the Scripps Howard Fund

Meredith Delaney succeeds Liz Carter, whose retirement was announced in January

International Business Times

Mideast In 'Shadow Of Uncertainty' Due To Regional Conflicts: IMF

Economies in the Middle East and North Africa face a "shadow of uncertainty" from ongoing tensions in the region, a senior IMF official told AFP on Thursday.

International Business Times

IMF Chief Urges Attention To War-ravaged Yemen, Sudan

International Monetary Fund chief Kristalina Georgieva on Thursday drew attention to the suffering in Yemen and Sudan, both plagued by civil wars and often overshadowed by the plight of other countries.

International Business Times

Pakistan And IMF Discussing New Multi-billion-dollar Program, Finance Minister Says

Pakistan has initiated discussions with the IMF over a new multi-billion dollar loan agreement to support its economic reform program, its new finance minister told AFP on Monday.

International Business Times

IMF Chief Georgieva Sole Candidate In Reelection Process

The International Monetary Fund confirmed Thursday that its current managing director is the only candidate to lead the global financial institution once her first term expires later this year.

International Business Times

IMF Chief Georgieva Says 'Available To Serve' For Second Term

The managing director of the International Monetary Fund has told AFP she is making herself "available to serve" for a second five-year term running the Washington-based financial institution, shortly after she received the backing of European finance ministers.

The Hindu

Ensure Pakistan does not divert loans to foot defence bills: India to IMF

India pushes for stringent monitoring of IMF funds to Pakistan, ensuring they're not used for defense or debt repayment.

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