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The Latest Breaking News from International Monetary Fund

Sri Lanka’s new president faces uphill battle to revive debt-ridden economy

September 21 was a day of many firsts in Sri Lanka. Millions of people went to the polls to vote in the first presidential elections since mass protests forced the country’s last elected president, Gotabaya Rajapaksa, from office in 2022.

The Conversation

IMF Approves Billion Loan To Boost Pakistan's Economy

IMF approves billion loan for Pakistan to bolster its economy. Prime Minister expresses gratitude for the financial assistance.

Top News

Sri Lanka's New President To Address Economic Crisis

Sri Lanka's new President plans to address economic crisis through IMF talks and debt restructuring. Learn more about the country's recent political and ec...

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IMF loan offers Pakistan relief but long-term reforms remain a challenge

The $7bn loan is a lifeline for Pakistan’s struggling economy, but experts say the country needs fundamental changes.

Al Jazeera

Easing Africa’s debt burdens: a fresh approach, based on an old idea

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.

The Conversation

Pakistan says the IMF has approved a $7 billion loan

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

The Independent UK

Strategies To Mitigate The Impact Of Inflation

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.

International Business Times

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Sri Lankans throw out old guard in election upset: What nation’s new Marxist-leaning leader means for economy, IMF loans

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.

The Conversation

Marxist-leaning Dissanayake wins Sri Lanka’s election: What’s next?

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

Al Jazeera

EXCLUSIVE: Bitpace CEO Talks About The State Of Global Crypto Regulation

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?

International Business Times

Marxist-Leaning Anura Kumara Dissanayake Elected Sri Lanka's President

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

Top News

Marxist Anura Kumara Dissanayake Leads In Sri Lanka Election

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

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Marxist Leader Set To Become Sri Lanka's Next President

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.

International Business Times

Sri Lanka Presidential Election: Economic Recovery At Stake

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

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France 24

Polls close in Sri Lanka's first election since economic collapse

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…

Al Jazeera

Sri Lanka election 2024: Who could be the next president, what’s at stake?

Economic issues top the agenda as the island country of 22 million goes to the polls to elect its 10th president.

Al Jazeera

As Sri Lanka votes, a $2.9bn IMF loan looms large

Ranil Wickremesinghe, Anura Kumara Dissanayake and Sajith Premadasa are contesting an election focused on the economy.

The Guardian - UK

‘The hardship is still there’: Sri Lanka prepares to vote as hopes of revolution falter

Saturday’s election will be the first since a people’s movement toppled the president. But other problems have proved harder to shift

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The Guardian - UK

Russia-Ukraine war: US imposes new sanctions on Russia and North Korea – as it happened

Concerns over deepening military cooperation between Russia and North Korea over war in Ukraine

International Business Times

Sri Lanka To Vote In First Poll Since Economic Collapse

Cash-strapped Sri Lanka will vote for its next president Saturday in an effective referendum on an unpopular International Monetary Fund austerity plan enacted after the island nation's unprecedented financial crisis.

The Guardian - AU

Ukraine war briefing: Trump says he will ‘probably’ meet Zelenskiy in US next week

Ukrainian leader has said he wants to present a peace plan to President Biden, and presidential candidates Trump and Harris. What we know on day 939

The Guardian - UK

IMF postpones Russia visit after heavy criticism across Europe

Trip to Moscow to review economy delayed indefinitely after protests it would ‘normalise relations with aggressor’

The Conversation

Kenya could run out of money to repay massive debts: how to avoid this

Data from Kenya’s central bank show that public debt (total money owed) declined between December 2023 and June 2024.

International Business Times

Cash-strapped Maldives Says No Need For IMF Bailout

The Maldives says its financial troubles are "temporary" and the luxury tourist destination has no plans to seek an International Monetary Fund bailout after warnings of a possible sovereign default.

Fortune

After 2 years of peddling Putin’s propaganda, the IMF is returning to Russia in open defiance of the West

It is hardly surprising that Putin’s cronies are taking victory laps and celebrating the IMF’s legitimization of the Kremlin.

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