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The Latest Breaking News from International Monetary Fund

IMF's Georgieva, Zelenskiy discussed ways to boost Ukraine funds

International Monetary Fund chief Kristalina Georgieva said she and Ukraine's President Volodymyr Zelenskiy on Tuesday agreed to explore ways to expand the IMF's support for the war-torn country and build toward a full-fledged financing program.

Reuters

Lazard in talks with China, India, Japan on Sri Lanka debt

Financial advisory group Lazard has started talks with India, China and Japan on restructuring Sri Lanka's debt, a spokesman for the Sri Lanka government said on Tuesday, as the crisis-hit island nation seeks an International Monetary Fund (IMF) bailout.

Reuters

Ukraine's Zelenskiy to speak with IMF chief on Tuesday -sources

Ukrainian President Volodymyr Zelenskiy will speak with International Monetary Fund Managing Director Kristalina Georgieva on Tuesday, two sources familiar with the plan told Reuters, as Ukraine continues to press the global lender for a full-fledged financing program.

Reuters

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Exclusive-IMF eyes expanded access to emergency aid for food shocks - sources

The International Monetary Fund's executive board, under pressure to provide emergency funding to countries facing war-induced food price shocks, reviewed a plan on Monday that would help Ukraine and other countries hit hard by Russia's war, sources familiar with the matter told Reuters.

Reuters

Explained | What is windfall tax and why are countries imposing it on the energy sector right now?

Big energy companies clocked huge profits in the first half of this year, making record windfall gains which governments have tried to rein in

The Hindu

Analysis-Lebanon's bid for IMF deal hits snags

Five months after Lebanon's draft IMF deal raised hopes it could finally pull together an economic reform plan to address its financial meltdown, political and financial elites are obstructing prospects of securing any rescue package.

Reuters

IMF anticipates no further relief needed for Zambia post-debt programme

The International Monetary Fund (IMF) does not anticipate any relief for Zambia after the end of a 2022-2025 debt programme, its mission chief Allison Holland said at a briefing on Wednesday.

Reuters

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Ukraine thanks EU for 5 billion euros aid, calls for full IMF program

Ukraine's President Volodymyr Zelenskiy on Wednesday thanked the European Union for confirming 5 billion euros ($4.97 billion) in macro-financial aid but said the country needed a "full-fledged" program of financing from the International Monetary Fund.

Reuters

United States backs Sri Lanka's debt restructuring effort

The United States will support the restructuring of Sri Lanka's debt and extend financing assurances to the crisis-hit island nation, the U.S. Treasury Secretary Janet Yellen said in a letter seen by Reuters.

Reuters

Sri Lanka has an IMF deal, now it courts China and India

(Corrects paragraph 30 to show Center for Financial Stability is based in New York, not London)

Reuters

The difficult path to India-Pakistan peace

The failure to manage the domestic audience in Pakistan is a recurrent trope that has overwhelmed peace attempts

The Hindu

UK facing 1970s-style balance of payments crisis under Liz Truss

Tax cuts and spending pledges could alarm global markets and trigger a 30% collapse in sterling, Deutsche Bank warns

The Guardian - UK

Bangladesh will not face a situation like Sri Lanka, PM Hasina says

Bangladesh Prime Minister Sheikh Hasina has said her country will not face a situation like the economic crisis in Sri Lanka although her government has sought loans from global agencies amid a fall in its reserves and surging import costs.

Reuters

Ousted Sri Lanka leader faces arrest calls

COLOMBO: Deposed Sri Lankan president Gotabaya Rajapaksa faced calls for his arrest Saturday after returning home from self-imposed exile under the protection of his successor's government.

Bangkok Post

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The Hindu

India overtakes U.K. to become fifth largest economy in the world

With India being the world's fastest growing major economy, its lead over the U.K. will widen in the next few years

AFP

Ousted Sri Lanka leader faces arrest calls after return

Colombo (AFP) - Deposed Sri Lankan president Gotabaya Rajapaksa faced calls for his arrest Saturday after returning home from self-imposed exile under the protection of his successor's government.

Evening Standard

UK ‘worst hit’ in Western Europe by energy crisis, says IMF

The UK also has the biggest projected gap between those most and least affected

The Independent UK

Johnson takes swipe at Truss over fracking as he confirms £700m backing for nuclear plant

Controversial technology ‘not a panacea’, PM warns his successor

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Bangkok Post

IMF approves $2.9bn bailout for Sri Lanka

Bankrupt Sri Lanka will receive a conditional $2.9-billion bailout to repair its battered finances, the International Monetary Fund said on Thursday, raising hopes that a bruising economic crisis might start to ease.

AFP

Sri Lanka: timeline of a crisis

Colombo (AFP) - The International Monetary Fund approved a $2.9 billion bailout deal for Sri Lanka on Monday, raising hopes for an easing of the island nation's dire economic crisis.

AFP

IMF agrees to $2.9 bn bailout for bankrupt Sri Lanka

Colombo (AFP) - Bankrupt Sri Lanka agreed a conditional $2.9 billion bailout with International Monetary Fund negotiators on Thursday, as the island nation seeks to overcome a bruising economic crisis that saw its president flee the country.

WEKU

IMF set to provide $2.9 billion to help crisis-hit Sri Lanka

The International Monetary Fund will provide Sri Lanka $2.9 billion over four years to help salvage the country from its worst economic crisis under a preliminary agreement the agency announced

The Independent UK

IMF agrees to provide crisis-hit Sri Lanka $2.9 billion

The International Monetary Fund says it has reached a preliminary agreement to provide $2.9 billion over four years to help crisis-hit Sri Lanka

Reuters

Sri Lanka gains IMF's provisional agreement for $2.9 billion loan

Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion, the global lender said on Thursday, as the country seeks a way out its worst economic crisis in decades.

Reuters

Zambia wins IMF board approval for $1.3 billion loan program

Zambia won International Monetary Fund approval for a $1.3 billion, 38-month loan program on Wednesday, a crucial step in the southern African country's quest to restructure its debts and rebuild an economy ravaged by mismanagement and COVID-19.

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