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The Latest Breaking News from International Monetary Fund

Morning Digest | India’s elderly population to double to over 20% by 2050, says UNFPA report; EPFO likely to give employers extension to validate joint forms, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

Guyana’s Economy Set To Double In Size, Driven By Booming Oil Industry

Fastest-growing nation poised for explosive growth as oil production surges and non-oil sectors see investments

Zenger

IMF says Sri Lanka needs to boost reforms and collect more taxes for its bailout funding package

The International Monetary Fund says that Sri Lanka has so far failed to make enough progress in boosting tax collection and other economic reforms sought by the IMF

The Independent UK

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Industries Minister Patil meets top officials of Boeing, GE, IMF in Washington D.C.

A visiting Karnataka delegation headed by M.B. Patil, Minister of Large & Medium Industries & Infrastructure Development, met senior executives of Boeing and GE in Washington to discuss and explore investment opportunities for the State.

The Hindu

Students’ delegation from Andhra Pradesh interacts with IMF officials in United States

Andhra Pradesh students visit IMF office in Washington D.C.; receive guidance from Deputy Managing Director Gita Gopinath and Executive Director K. Subramanian. Students inspired by Subramanian's success story and Gopinath's journey from humble background to IMF Deputy Managing Director. Visit broadens horizons and ignites spark in students to encourage peers…

The Hindu

‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech

In his new book, the maverick Greek economist says we are witnessing an epochal shift. At his island home, he argues it’s now the ‘fiefdoms’ of tech firms that shape us

The Guardian - UK

Zombie Britain sees zero growth – and that’s the good news

Some surveys predict recession, but with pay and confidence rising, they may be wrong. That’s the best we, and the PM, can hope for

The Guardian - UK

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EU to start releasing money to Tunisia under migration pact

The European Union is set to ‘swiftly’ disburse 127 million euros as part of a July deal to halt irregular migration.

Al Jazeera

Ghana arrests demonstrators protesting against the country's economic crisis

Police in Ghana have arrested protesters demonstrating against the cost of living and the economic crisis gripping the country, once seen as a model economy in Africa.

WEKU

COP 28 president: 'It’s time to transform climate finance–and bridge its $2.4 trillion gap'

Is the world capable of mobilizing the trillions of dollars necessary to fund the climate transition?

Fortune

Global corporate power is 'out of control', but reports of democracy’s death are greatly exaggerated

The past 40 years have seen massive expansion of the dominance of large corporations in the global economy. A wave of neoliberal reforms spread internationally from the 1980s with the promise that deregulated markets would unleash the animal spirits of private enterprise, bringing a new era of growth and prosperity.

The Conversation

IMF warns Lebanon that the country is still facing enormous challenges, years after a meltdown began

The International Monetary Fund has warned that Lebanon is still facing enormous economic challenges, four years after the country's historic meltdown began

The Independent UK

Quash report by Editors’ Guild: Meitei body to Manipur High Court

The report was published by the EGI on September 2 after it sent a team to look into a complaint from the Indian Army about misinformation being spread in the State.

The Hindu

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

India could wait a while longer before firming up its domestic regulations for crypto currencies, and initiate a dialogue with stakeholders on the way forward

The Hindu

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Zenger

Does Banning Crypto Solve Anything?

The rapid evolution of the crypto-asset landscape has brought forth a plethora of opportunities and inevitable risks.

Al Jazeera

‘How will I pay?’: Steep power bills, rising inflation hit Pakistan’s poor

Millions of Pakistanis say they have been forced to ration use of fans and other essential electrical items due to hike.

The Hindu

India’s G-20 leadership extremely effective, even if Russia generally absent: Janet Yellen

U.S. Treasury Secretary Janet Yellen said India’s G-20 leadership has proven effective on several fronts, including the reforms of multilateral development banks and addressing the debt concerns of vulnerable countries.

Al Jazeera

Determination, hope and longing in the Tunisians fighting for a better life

‘I met this guy, with a baby. I asked: ‘Why are you here with a baby?’ He said: ‘Either we die here, or in Tunisia.’

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news in one place.

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WEKU

Biden is off to India and Vietnam. It's part of his push to counter China's influence

President Biden is using the G20 summit to push for a bigger, better World Bank as an alternative to China's massive lending programs, which have left some low-income countries with massive debt.

The Independent UK

War sanctions against Russia highlight growing divisions among the Group of 20 countries

Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries

Evening Standard

Poor ONS forecasts could be hurting our economy

City Voices: Investment decisions have already been made based on the incorrect economic analysis

Newsroom.co.nz

IMF report a timely wake-up call for NZ Inc in election countdown

Business & Investing: Restaurant Brands leads earnings downturn, reporting a problem faced by many businesses: margins being severely squeezed due to cost increases. Andrew Patterson reports.

The Independent UK

Pakistani traders strike countrywide against high inflation and utility bills

Pakistani traders have staged strikes across the country against the soaring cost of living, including higher fuel and utility bills and record depreciation of the rupee against the dollar

Al Jazeera

Pakistan gov’t says no relief in power bills as protests escalate

‘No room for subsidies’ as Pakistanis suffer inflated electricity bills, rising inflation.

The Hindu

IMF managing director to attend G20 summit in Delhi after trips to China and Indonesia

IMF MD Kristalina Georgieva to visit China, Indonesia, India for ASEAN & G20 summits. She'll meet with top leaders & discuss global growth outlook. She will be in Jakarta from September 4 to 7 and in New Delhi from September 8 to 10

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