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The Latest Breaking News from International Monetary Fund

Pakistan, IMF reach staff-level deal to release $1.1bn from bailout package

It’s the final tranche of $3bn programme agreed last year to avert default as Islamabad seeks another long-term bailout.

Al Jazeera

Pakistan, IMF Conclude Final Review For Pakistan, IMF Conclude Final Review For Top News.1 Billion Disbursement.1 Billion Disbursement

Pakistan and IMF complete final review for Pakistan, IMF Conclude Final Review For Top News.1 Billion Disbursement.1 billion disbursement, boosting economic recovery efforts.

Top News

IMF confirms some accounts were hacked following cyberattack

Roughly a dozen emails were compromised in an attack discovered in February, but the details are scarce.

TechRadar

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EU announces $8bn package for Egypt as part of deal to check migration

The agreement, which lifts EU’s relationship with Egypt to ‘strategic partnership’, draws criticism from rights groups.

Al Jazeera

Talk of a soft landing for the global economy is premature – many dark scenarios are lurking

Big obstacles to rising living standards remain, from populism to protectionism, military conflict to the climate crisis, and China to Wall Street

The Guardian - UK

After two years of war, Russian economy proves resilient – but for how long?

Despite several rounds of sanctions levied by Western powers over the war in Ukraine, the Russian economy registered strong growth in 2023 after a recession the previous year. Fuelled by increased public spending – particularly military spending – other industrial sectors also benefited from the war in Ukraine, with the…

France 24

IMF Urges Tight Monetary Stance In Emerging European Economies

IMF recommends implementing tight monetary stance in emerging European economies to address economic challenges and promote sustainable growth.

Top News

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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.

International Business Times

Tackling inequality vital for next century of growth, IMF head says

Kristalina Georgieva invokes John Maynard Keynes as she says fostering fairer economy would raise living standards ninefold

The Guardian - UK

Somalia has 99% of $2bn debt cancelled in major boost to fragile recovery

Paris Club of creditor nations agree cancellation as Mogadishu moves towards financial normalisation amid ongoing conflict

The Guardian - UK

IMF To Select New Managing Director By End Of April

Learn about the IMF's upcoming selection of a new managing director and its importance for global economic stability.

Top News

Pakistan Seeks Longer-Term IMF Bailout During Review

Pakistan seeks new IMF bailout to address economic challenges and set path for sustainable growth.

Top News

IMF Urges Slovakia To Reduce Debt

IMF calls for Slovakia to reduce debt levels post-COVID-19 to ensure economic stability.

Top News

Who is Muhammad Aurangzeb, the man tasked with fixing Pakistan’s economy?

A veteran banker, Aurangzeb is a political outsider who analysts say must grapple with IMF reforms and crippling debt.

Al Jazeera

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Top News

African Development Bank Calls For End To Resource-Backed Loans

African Development Bank's push to end natural resource-backed loans due to exploitation concerns and promote sustainable financing for infrastructure proj...

International Business Times

Pakistan PM Appoints Cabinet Tasked With Ending Economic Crisis

Pakistan's 19 new ministers took their oath of office Monday, after an election marred by allegations of vote rigging.

The Guardian - UK

The US could be facing a 2008-style financial crisis. Why does Sunak want to copy it?

The PM’s admiration for Washington’s economic model may backfire amid looming US banking and stock market disasters

The Guardian - UK

Kristalina Georgieva wins backing to run for second term as IMF chief

Bulgaria’s ‘eternal optimist’ in favour with European finance ministers after first five-year stint encompassing Covid and Ukraine

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Top News

IMF Ready To Support Pakistan With New Programme Upon Request

IMF expresses readiness to assist Pakistan in implementing economic programme amidst COVID-19 challenges, offering potential avenue for economic reform.

Top News

IMF Emphasizes Preserving Value Of Argentine Pensions

Learn why the IMF is urging Argentina to safeguard pension values amidst economic challenges for retirees.

Top News

Brazil's Public Debt Reaches 75% Of GDP

Learn about Brazil's public sector debt challenges and the need for fiscal discipline to ensure economic stability and growth.

Top News

Egyptian Pound Stable After Devaluation, IMF Deal

Stable Egyptian pound post-devaluation and IMF agreement signals positive economic impact.

The Hindu

Morning Digest | Ensure Pakistan does not divert loans to foot its defence, third-country debt bills, India tells IMF; Team India looks to finish on a high in Ashwin’s 100th, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on March 07, 2024

The Guardian - UK

Budget 2024: UK taxes head for highest level since 1948 despite Hunt’s NI cut

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

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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