The Latest Breaking News from International Monetary Fund

The statistics are stark: 54 governments, of which 25 are African, are spending at least 10% of their revenues on servicing their debts; 48 countries, home to 3.3 billion people, are spending more on debt service than on health or education.

Pakistani officials say the executive board of the International Fund has approved a new $7 billion loan for the country

According to the International Monetary Fund (IMF), inflation is decreasing more quickly than anticipated. Global inflation is projected to drop to 5.8% in 2024 and 4.4% in 2025.

Sri Lankans voted for a new direction in leadership on Sept. 22, 2024, electing a leftist anti-poverty campaigner as president of the South Asian nation.

From an IMF deal he wants to renegotiate to parliamentary elections, president-elect faces key challenges.

Regulatory clarity remains a pain point for the crypto industry, more than a decade after the first cryptocurrency emerged – how is the global regulatory landscape catching up to a fast-evolving industry?

Anura Kumara Dissanayake elected as Sri Lanka's new president, promising change and facing economic challenges ahead.

Sri Lanka's presidential election sees Anura Kumara Dissanayake leading but short of majority, crucial for economic recovery.

A previously fringe Marxist politician was on course Sunday to become Sri Lanka's next leader after a presidential vote coloured by discontent over the island nation's response to an unprecedented financial crisis.

Learn about Sri Lanka's presidential election focusing on economic recovery, debt restructuring, and leadership amid crisis.

Sri Lankans voted on Saturday in the country's first presidential election since its economic collapse, with the unpopular IMF austerity plan at the forefront of voters' minds. President Ranil Wickremesinghe faces tough opposition as his economic reforms, though stabilising the nation, have caused widespread hardship, fuelling support for candidates advocating…