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The Latest Breaking News from International Monetary Fund

Egypt Secures $5 Bn Additional Loan From IMF As Pound Plunges

Egypt secured an extra $5 billion in IMF loans on Wednesday, the two sides said, after the central bank hiked interest rates and allowed the pound to plunge by nearly 40 percent.

International Business Times

Egypt's Currency Hits Record Lows, Nears IMF Agreement

Egypt's economy strategically devalues its currency to secure IMF deal, aiming for stability and growth.

Top News

Shehbaz Sharif Sworn In As Pakistan's Prime Minister

Shehbaz Sharif takes office as Pakistan's prime minister, prioritizing IMF talks for economic stability and progress.

Top News

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Panama GDP Growth To Slow In 2024 Due To Mine Closure

IMF projects Panama's GDP growth to slow to 2.5% in 2024 due to the closure of the First Quantum mine, highlighting the need for diversification and collab...

Top News

Ghanaian Finance Ministry Warns Against Fallout From Anti-LGBTQ Law

Ghana's finance ministry has advised President Nana Akufo-Addo against endorsing a highly contested anti-LGBTQ bill, warning that it could end up with the financially-strapped country losing billions of dollars in World Bank funds.

International Business Times

Shehbaz Sharif returns as Pakistan's prime minister, as protests hit parliament

Lawmakers in Pakistan's National Assembly elected Shehbaz Sharif as the country's new prime minister for the second time, as allies of imprisoned former premier Imran Khan shouted in protest.

WEKU

OPINION - The Houthis could inspire a new wave of piracy — and the English Channel makes us uniquely vulnerable

“Well, we didn’t see that one coming — the Houthis took us all by surprise,” a distinguished former security official muttered to me this week. In just under four months the Houthis have attacked 57 vessels in and around the Red Sea. They have disrupted waterways carrying 15 per cent…

Evening Standard

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‘Vote-thief!’: Imran Khan allies protest 'rigged election' as Pakistan swears in new parliament

Pakistan's National Assembly swore in newly elected members on Thursday in a chaotic scene, as allies of jailed former Premier Imran Khan protested what they claim was a rigged election.

France 24

As Pakistan’s newly elected parliament meets, a look at the PM candidates

While ex-PM Shehbaz Sharif of the PMLN bloc is frontrunner, independents backed by Imran Khan hope to clinch a surprise.

Al Jazeera

Morning Digest | India denies allegations of blocking deals at WTO; Congress Government fights for survival in Himachal Pradesh, and more

From India denies allegations of blocking deals at the WTO; Congress government fights for survival in Himachal Pradesh, here is a select list of stories to start the day on Feb 29, 2024

The Hindu

IMF Chief Georgieva Focused On Current Role, Not Future Plans

IMF chief, Kristalina Georgieva, emphasizes focus on current responsibilities and global economic challenges at G20 summit.

Top News

The current global order — a fraying around many edges

Reform is essential when it comes to the United Nations, but given the divisions, cosmetic changes may not be enough

The Hindu

Old beginning: On Pakistan politics

Shehbaz Sharif’s challenge is to lead a difficult coalition through choppy political waters while taking tough decisions to rescue Pakistan’s economy

The Hindu

SMPTE Now Hosting IMF User Group

IMF User Group was launched in 2016 under the auspices of the Hollywood Professional Association

TV Tech

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International Business Times

IMF Says Argentine Austerity Should Not Hurt The Poor

The International Monetary Fund has urged the government of Argentine President Javier Milei to shield the poor as he pursues harsh austerity measures to cut government spending, according to an interview published Sunday.

The Guardian - UK

As Ukraine’s economy burns, Russia clings to a semblance of prosperity

Kyiv could require $500bn to get the country back on its feet. But Moscow has so little debt that even sanctions have not done much damage … yet

Top News

Imran Khan Urges IMF Audit Amid Election Rigging Allegations

Imran Khan pushes for election audit amid IMF loan disbursement in Pakistan. Shehbaz Sharif seeks coalition government for economic revival.

Al Jazeera

Pakistan’s election chaos casts shadow on next IMF deal

Ex-PM Imran Khan has asked the IMF to factor in alleged rigging in recent polls. That’s dangerous, economists say.

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The Guardian - AU

Russia-Ukraine war: US sanctions three Russian officials over Alexei Navalny’s death – as it happened

Sanctions come as part of Biden’s broader effort against Russia which he announced on the second anniversary of Russia’s war on Ukraine

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 730

US prepares to unveil hundreds of sanctions against Russian ‘war machine’; Zelenskiy tells US conservatives that sending aid now is cheaper than confronting Putin again later

StockNews.com

Top 3 China Picks for Future Weekly Gains

The Chinese economy, showcasing remarkable resilience as evidenced by the better-than-expected GDP data for 2023, is anticipated to thrive in the future owing to stimulus measures implemented by Chinese authorities designed to bolster investor confidence. Given this backdrop, quality Chinese stocks China Automotive Systems (CAAS), LexinFintech Holdings (LX), and NetEase…

Top News

IMF Urges Zimbabwe to Fast-track Currency Reforms

The International Monetary Fund (IMF) advises Zimbabwe to accelerate currency reforms in order to address economic challenges and promote stability.

International Business Times

From Tourism To Energy, Senegal Economy Braces For Fallout

Senegal's hotels have seen a wave of cancellations since political unrest hit the West African country and many foreign companies are nervous about the deadly troubles.

The Hindu

In Supreme Court, Centre agrees to meet Kerala for an ‘open dialogue’ on State’s financial woes

I The Supreme Court on February 13 asked Centre and Kerala to explore avenues of dialogue to resolve the financial troubles of the State. In an original suit, Kerala criticised the Centre of undue interference, amounting to encroachment in the legislative and executive power of the State, to manage its…

Top News

IMF Chief Economist Urges Caution on Rate Cuts

IMF's chief economist, Gita Gopinath, advises central banks to exercise caution when considering rate cuts, emphasizing the need for a prudent approach.

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