The Latest Breaking News from International Monetary Fund

The deal comes as the central bank said it would let the Egyptian pound trade freely.

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.

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

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

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...

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.

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.

“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…

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.

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

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