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The Latest Breaking News from International Monetary Fund

IMF chief says Africa vulnerable to higher food, fuel prices due to Ukraine war

Africa's economic outlook is particularly vulnerable to higher food and fuel prices prompted by Russia's invasion of Ukraine, as well as to reduced tourism revenues and diminished access to financial services.

Reuters

IMF approves $1.4 billion in emergency funding for Ukraine

The International Monetary Fund said its executive board on Wednesday approved $1.4 billion in emergency financing for Ukraine to help meet urgent spending needs and mitigate the economic impact of Russia's military invasion.

Reuters

Latest Ukraine updates: Kyiv mayor says half the city has fled

Russia-Ukraine news from March 10: Kyiv’s mayor says nearly two million people have left the capital since invasion.

Al Jazeera

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Financial aid for Ukraine critical to keep services working

Washington (AFP) - As the crisis worsens in Ukraine, humanitarian and security aid is flowing into the country, but financial support to keep the government running also is critical.

AFP

Explainer-Ousting Russia from WTO, IMF would mark end of an era

Amid the devastation of World War Two, the United States and its allies created the institutions that have governed the post-war global economic order, focused on rebuilding Europe, fighting poverty and bringing rivals together to work out trade disputes peacefully.

Reuters

IMF board to consider $1.4 billion in funding for Ukraine on Wednesday - Georgieva

The International Monetary Fund's executive board is poised to approve on Wednesday $1.4 billion in emergency funding for Ukraine to help it respond to Russia's invasion, IMF Managing Director Kristalina Georgieva said on Tuesday.

Reuters

Ukraine war adds to economic, social setbacks for women -IMF's Georgieva

The war in Ukraine has worsened a difficult period for women, who have seen major economic and social setbacks prompted by the COVID-19 pandemic, International Monetary Fund Managing Director Kristalina Georgieva told the U.N. Security Council on Tuesday.

Reuters

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Morning Digest | Government reassures students stranded in Ukraine’s Sumy; IMF says war in Ukraine will have ‘severe impact’ on global economy, and more

A select list of stories to read before you start your day.

The Hindu

Russia-Ukraine conflict escalation would cause 'devastating' economic damage: IMF

Washington (AFP) - The IMF warned on Saturday that the already "serious" global economic impacts of the war in Ukraine would be "all the more devastating" should the conflict escalate.

AFP

IMF says war in Ukraine will have ‘severe impact’ on global economy

The International Monetary Fund on Saturday said it expected to bring Ukraine's request for $1.4 billion in emergency financing to its board for approval as early as next week and was in talks about funding options with authorities in neighboring Moldova.

The Hindu

IMF: War in Ukraine Will Have 'Severe Impact' on Global Economy

Asharq Al-Awsat

IMF says war in Ukraine will have 'severe impact' on global economy

Reuters

The International Monetary Fund announced it could approve $1.4b emergency funding – as it happened

Biden says US and allies have ‘raised the costs’ on Russia over its aggression, as credit card giants Visa and Mastercard halt Russian business operations

The Guardian - AU

Putin likens Western sanctions to war as Russian assault traps Ukrainian civilians

Russian President Vladimir Putin said Western sanctions were akin to war as his forces pressed their assault on Ukraine on Saturday for a 10th day and the IMF warned the conflict would have a "severe impact" on the global economy.

Reuters

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Reuters

Exclusive: EU considering curbing Russia's rights in IMF over invasion- sources

(Adds missing word 'banks' in para 9)

The Independent UK

Argentina reaches prospective deal to refinance $45B debt

Argentina’s government has announced a deal with the International Monetary Fund to refinance some $45 billion in debt

AFP

Argentina, IMF agree on loan repayment plan

Buenos Aires (AFP) - Argentina and the IMF said Thursday they had reached agreement on a "pragmatic and realistic" plan for the country to repay a ruinous $44-billion debt.

AFP

IMF urges Sri Lanka to raise taxes, devalue currency

Colombo (AFP) - The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was "unsustainable", and called for devaluation and higher taxes to revive the almost bankrupt economy.

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Bangkok Post

Free the money for a brighter future

The main factor limiting the global recovery is not the much-discussed increase in inflation in advanced economies, which is likely to be transient, but rather the massive inequalities between most rich countries and the rest of the world, with the exception of China. These disparities, by constraining the expansion of…

Asharq Al-Awsat

IMF Could Visit Lebanon Mid-March to Discuss Aid Program, Says Deputy PM

An International Monetary Fund delegation could visit Lebanon in the second half of March to continue discussions on an aid program supported by reforms, Lebanon's Deputy Prime Minister Saade Chami said in a statement on Wednesday. Lebanese officials held talks with the IMF last month with the aim of securing…

The Guardian - UK

Oil price jumps to nearly $114; natural gas prices reach record highs – as it happened

US and European shares push higher, while rouble drops 8% and Moscow stock exchange stays shut for third day, as Russia bombards Ukrainian cities

Reuters

Argentina to send IMF deal to Congress this week -president

Argentina's government will this week send an agreement with the International Monetary Fund (IMF) to delay debt repayments to the South American country's Congress for approval, President Alberto Fernandez said on Tuesday.

Reuters

World Bank, IMF racing to get aid to Ukraine in coming weeks, months

The International Monetary Fund and World Bank on Tuesday said they were racing to provide billions of dollars of additional funding to Ukraine in coming weeks and months, adding the war there is creating "significant spillovers" to other countries.

Al Jazeera

Latest Ukraine updates: UNGA votes to demand Russian withdrawal

Russia-Ukraine news from March 2: UN General Assembly resolution condemns Russia for the invasion of Ukraine.

The Guardian - UK

Kristalina Georgieva: the IMF boss tackling Covid, the climate crisis and, now, war

The attitudes of the first fund chief to come from a former communist country were shaped by her early life, but her focus is now on a greener post-Covid future

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