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The Latest Breaking News from International Monetary Fund

Takeaways of AP's report on Chinese loans pushing poor countries to brink of collapse

A dozen poor countries are facing economic instability and even collapse because of a common, undeniable factor: their struggle to pay back hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China

The Independent UK

'Clock has hit midnight': China loans pushing world’s poorest countries to brink of collapse

A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China

The Independent UK

Mission Impossible 7's thrilling trailer sees Tom Cruise ride a motorbike off a mountain

Mission: Impossible – Dead Reckoning Part One sees Ethan Hunt take on his most difficult task yet.

TechRadar

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Mission: Impossible - Dead Reckoning Part One's Trailer Shows Off A Tom Cruise And Hayley Atwell On A Falling Train

The new trailer for Mission: Impossible - Dead Reckoning Part One is here, with Tom Cruise and Hayley Atwell achieving zero G in a falling train.

Cinemablend

Creating pathways for Arab youth

Optimism can be difficult to muster at a time of heightened uncertainty and global turmoil. The 2022 ASDA'A BCW Arab Youth Survey, conducted only a few months after Russia's full-scale invasion of Ukraine and on the heels of the Covid-19 pandemic, reflected a darkening economic outlook.

Bangkok Post

UK economy: why the Bank of England is now more upbeat than the IMF

The Bank of England has changed its mind about the prospects for the UK economy. Having been predicting a recession in 2023 as recently as February, its latest May report is expecting a soft landing from the bout of high inflation and a year of interest rate hikes.

The Conversation

IMF: Sri Lanka's crisis-hit economy likely to resume growth in 2024 after contracting 3% this year

The International Monetary Fund says Sri Lanka’s crisis-hit economy is expected to resume growing in 2024 after contracting 3% this year

The Independent UK

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Government sells 9.5% of state-controlled Telecom Egypt

The sale comes as part of the country’s privatisation drive to meet a series of foreign debt obligations.

Al Jazeera

Pakistan's external financing requirements for IMF deal unchanged - IMF

Pakistan's external financing requirements have not been changed in talks with the International Monetary Fund (IMF) over bailout funds, the IMF Resident Representative in Pakistan said, denying local media reports that the Fund was seeking fresh financing.

Reuters

Finance Minister meets IMF MD Georgieva on sidelines of G7 meeting

Finance Minister Nirmala Sitharaman on May 12 met International Monetary Fund (IMF) managing director K Georgieva on the sidelines of G7 Finance Minister Central Bank Governors meet.

The Hindu

Pakistan’s reeling economy takes new hit from protests

Firms and gig workers see losses piling up amid internet shutdowns in big cities.

Al Jazeera

Pakistan needs significantly more financing for successful bailout review -IMF

Pakistan needs significant additional financing for a successful completion of the long-stalled ninth review of the International Monetary Fund's bailout package, the IMF said in a scheduled press conference on Thursday.

Reuters

Turns Out Tom Cruise Regretted One Death From The First Mission: Impossible Movie So Much, He Tried To Undo It

Following the first Mission: Impossible movie, Tom Cruise had regrets about a specific character being killed off and tried to undo it.

Cinemablend

G7 finance chiefs tackle crises from Ukraine to banking

Niigata (Japan) (AFP) - Support for war-torn Ukraine topped the agenda at G7 finance talks on Thursday in Japan, where ministers and central bankers also weighed concerns ranging from banking uncertainty to US debt default fears.

AFP

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AFP

G7 finance ministers discuss crises from Ukraine to banking

Niigata (Japan) (AFP) - Support for war-torn Ukraine will top the agenda as G7 finance talks start Thursday, but ministers and central bankers will also weigh concerns ranging from banking uncertainty to US debt default fears.

Reuters

Analysis-North Africa backslides toward swirling debt troubles

Tunisia and Egypt are edging closer to major debt crises that could suck in a volatile North Africa region and pose tough choices to wealthy Gulf Arab neighbours, investors and analysts warn.

AFP

Crises from Ukraine to banking await G7 finance ministers

Niigata (Japan) (AFP) - Support for war-torn Ukraine will top the agenda at G7 finance talks on Thursday, but ministers and central bankers will also weigh concerns ranging from banking uncertainty to US debt default fears.

Reuters

IMF delegation to arrive in Sri Lanka on Thursday

An International Monetary Fund (IMF) staff team will arrive in Sri Lanka on Thursday, a statement from the global lender said as the crisis-hit country prepares for the first review of a loan programme in September.

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Reuters

Factbox-Imran Khan's arrest adds to Pakistan's economic, political challenges

The arrest of former Pakistan Prime Minister Imran Khan and the call from his party for nationwide protests present another blow to the nuclear-armed country struggling with an economic crisis.

The Guardian - UK

Inflation, IMF austerity and grandiose military plans edge more Egyptians into poverty

Two-thirds of the population are struggling with falling living standards as even the once-thriving middle classes hunt for second jobs and eat less

Asharq Al-Awsat

IMF: Gov. Strategy Helped the Saudi Economy

The International Monetary Fund (IMF) confirmed that government-led reforms and private investment growth in new sectors would help support non-oil economic growth in Saudi Arabia to be less dependent on oil. The Saudi economy grew 8.7 percent last year, while the real GDP during the fourth quarter of 2022 increased…

The Independent UK

IMF says inflation to slow growth across Mideast this year

Economies across the Middle East and Central Asia will likely slow this year as persistently high inflation and rising interest rates bite into their post-pandemic gains

AFP

Pakistan inflation hits record-high 36.42 percent

Islamabad (AFP) - Pakistan's year-on-year inflation hit its highest-ever level of 36.42 percent in April, after the government introduced new taxes and raised fuel prices to try to meet International Monetary Fund (IMF) conditions for a crucial bailout.

Asharq Al-Awsat

IMF Raises Asia’s Economic Forecast on China Recovery, Warns of Risks

The International Monetary Fund (IMF) raised Asia's economic forecast on Tuesday as China's recovery underpinned growth, but warned of risks from persistent inflation and global market volatility driven by Western banking-sector woes. The reopening of China's economy will be pivotal for the region with the spillover to Asia seen focused…

The Hindu

Asia-Pacific to grow 4.6% in 2023; India, China to contribute half of global growth: IMF

India and China, the two largest emerging market economies of the region, are expected to contribute around half of global growth.

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