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The Latest Breaking News from International Monetary Fund

Argentina Close To Reaching Agreement With IMF Over Review Of $44B Loan Program

The $44 billion loan program agreement is aimed at providing financial assistance to Argentina to stabilize the country's economy and address its economic challenges such as inflation, fiscal deficits, and debt repayment.

Latin Times

Debt debate: On the IMF’s latest India consultation details, Finance Ministry’s response

Despite the Finance Ministry’s views, in the broader picture, IMF staff’s perceptions of India’s fiscal position have actually improved over the past year

The Hindu

Outlook 2024: With no apparent hurdles on horizon, road seems clear for stock investors

Cumulatively, the past 12 months have been stellar for investors who parked their money in Indian stocks. Read further on Dynamite News:

Dynamite News

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read the most diverse news in one place.

Morning Digest | France grounded aircraft with 303 Indians: Indian Embassy; Ex-Finance Minister P Chidambaram to head Congress Manifesto Committee for 2024 Lok Sabha election, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on December 23, 2023

The Hindu

IMF's Debt Warning in India: Worst-Case Scenario Dismissed

Indian government dismisses IMF's debt warning as a 'worst case scenario', showcasing India's resilience to economic challenges. Read more here!

Top News

Why the American technological war against China could backfire

The technological war waged by the United States against China has the potential to backfire, supercharging China’s creation of an independent computer chip industry that would directly compete with American manufacturers.

The Conversation

Milei Begins Shock Therapy in Argentina

The self-described anarcho-capitalist president devalued the peso, halved government ministries, and announced a series of spending cuts.

Reason

Friday briefing: What we learned from Vladimir Putin’s surreal televised press conference

In today’s newsletter: The Russian leader touched on his country’s economy, his political future – and the small matter of his war on Ukraine

The Guardian - UK

Argentina Slashes Subsidies And Devalues Peso By 50% As Milei's Austerity Plan Takes Shape

The new president of Argentina has begun a process of "shock therapy" in a bid to save the country from economic collapse.

International Business Times

Argentina Devalues Local Currency By 50%, Cuts Energy, Transportation Subsidies To Revive Economy

Luis Caputo said the country was going to see "worse than before" for a couple of months, adding that all the new government projects were halted as there was "no more money."

Latin Times

Argentina’s new government devalues peso by more than 50%

Package of spending cuts introduced in attempt to tackle country’s worst economic crisis in decades

The Guardian - UK

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The Independent UK

Sri Lanka will get the second tranche of a much-need bailout package from the IMF

The International Monetary Fund executive board has approved the release of the second tranche of a bailout package to help Sri Lanka recover from the worst economic crisis in its history

Latin Times

Argentina Devalues Peso, Unveils Measures To Avoid 'Hyperinflation'

The government of President Javier Milei announced cuts to generous state subsidies and a halt to all new public construction projects.

International Business Times

IMF Resumes Sri Lanka Bailout After China's Debt Deal

The International Monetary Fund announced on Tuesday it is reviving its $2.9 billion bailout for Sri Lanka after the South Asian nation clinched a debt restructure deal with its largest single lender China.

Fortune

'Cold War II' could wipe trillions from global economy, IMF says

The group says $7 trillion worth of GDP could be lost to a new Cold War, undoing progress since the fall of the Soviet Union.

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The Guardian - AU

Russia-Ukraine war: Biden and Zelenskiy hold press conference after US president announces $200m extra Ukraine aid - as it happened

Biden opens with remarks praising Zelenskiy for ‘enormous victory already’ over Putin; US president also announces additional aid to Ukraine

Al Jazeera

Russia-Ukraine war: List of key events, day 657

As the war enters its 657th day, these are the main developments.

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 657

Volodymyr Zelenskiy visits Washington, saying delays to future military aid are ‘dreams come true’ for Vladimir Putin; Russian opposition leader Alexei Navalny missing

The Guardian - UK

World economy on brink of ‘cold war two’, IMF official warns

Gita Gopinath says global economy’s fragmentation into power blocs risks wipeout of trillions of dollars in GDP

The Hindu

Calibrating a strategy for India’s future growth

India’s future growth strategy needs to be calibrated in view of the changing global conditions

Al Jazeera

Egypt election: Is President el-Sisi poised to win a third term?

Household finances are severely squeezed but with no clear opponent, incumbent is favourite to win upcoming election.

The Independent UK

Sri Lanka experiences a temporary power outage after a main transmission line fails

Sri Lanka's power and energy ministry says the country experienced an island-wide power outage for several hours after a system failure in one of the main transmission lines

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