The Latest Breaking News from International Monetary Fund

As the economy shrinks by 0.1% in the March quarter, officials say the impacts of cyclones Hale and Gabrielle worsened the economic outlook

Lebanon has been plunged deeper into crisis after Hezbollah and its allies thwarted a bid to elect a top IMF official as president.

Lebanese lawmakers have failed in yet another attempt to elect a president and break a seven-month power vacuum roiling the country

The UK's GDP was boosted by 0.2 percent in April after a fall in March

Although the International Monetary Fund (IMF) has long been the most prominent global institution for promoting financial stability, calls to create regional alternatives are growing louder.

The EU hopes to stem the number of refugees departing for Europe from the country’s coast during an economic crisis.

The merger was finalised just under three months after a rapid agreement brokered by the Swiss government. Meanwhile, European leaders are exerting pressure on Tunisia to accept a $1.9 billion IMF bailout. In other news, financier George Soros is transferring control of his $25 billion empire to his 37-year-old son.

The EU is considering a major financial package for the cash-strapped nation amid a growing refugee and migrant crisis.

Ursula von der Leyen says €900m will be macrofinancial assistance while €105m will help combat people-smuggling

Tunisia is hosting the leaders of Italy, the Netherlands and the European Union on Sunday for talks aimed at smoothing the way for an international bailout and restoring stability to a country that has become a major source of migration to Europe.

Tunisia is hosting the leaders of Italy, the Netherlands and the European Union for talks aimed at smoothing the way for an international bailout