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The Latest Breaking News from International Monetary Fund

Maldives Gets IMF Debt Warning As More Chinese Loans Loom

Since winning office last year, President Mohamed Muizzu has reoriented the atoll nation -- known for its upmarket beach resorts and celebrity vacationers -- away from traditional benefactor India and towards Beijing.

International Business Times

World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say

Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect

The Guardian - UK

IMF Warns Of High Economic Risks For Pakistan

IMF warns of high economic risks in Pakistan due to COVID-19 impact and structural challenges, urging urgent policy actions for stabilization.

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IMF Maintains Nigeria Growth Forecast At 3.3% For 2024

IMF maintains Nigeria's 2024 growth forecast at 3.3%, reflecting stability and confidence in the country's economic prospects.

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Pakistan Considers Raising Retirement Age Ahead Of IMF Visit

Pakistan considers raising retirement age to bolster economy and meet IMF conditions, reflecting commitment to tough economic measures.

Top News

3 China Stocks With Potential to Soar

With the higher-than-expected economic growth in the first quarter, China seems on track to achieve its GDP target of around 5% in 2024 despite the struggling real estate market. Thus, fundamentally solid China stocks Sunlands Technology (STG), China Automotive Systems (CAAS), and X Financial (XYF) could be ideal buys now.…

StockNews.com

IMF Mission To Discuss New Loan With Pakistan

IMF mission to Pakistan for potential loan agreement to address economic challenges and strengthen the economy.

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EAM Jaishankar rejects Joe Biden's 'xenophobia' comment

Jaishankar rejects Biden's xenophobia claim, defends India's economy and open society amid IMF growth forecast.

The Hindu

OPINION - Rishi Sunak's 'comeback narrative' collides with economic reality

"Was in the slow lane. Still in the slow lane. Will remain in the slow lane." The laconic words of Jonathan Prynn, the Standard's business editor, summarising (off the record but oh well) today's report by the Organisation for Economic Co-operation and Development (OECD), which forecasts that the UK will be…

Evening Standard

IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet

Pakistan seeks another long-term IMF programme to support its ailing economy but experts say focus must be on reforms.

Al Jazeera

Pakistan Central Bank Expected To Hold Rates Ahead Of IMF Deal

Pakistan's central bank likely to maintain interest rates to support economy amid IMF negotiations.

Top News

IMF Executive Board Meeting On IMF Executive Board Meeting On Top News.1 Billion Pakistan Disbursement.1 Billion Pakistan Disbursement

IMF approves IMF Executive Board Meeting On Top News.1 Billion Pakistan Disbursement.1 billion for Pakistan under EFF program to support economic reforms and stability.

Top News

‘Absolute power’: After pro-China Maldives leader’s big win, what’s next?

Muizzu’s party wins huge mandate in parliamentary polls. Will Beijing now step in to alleviate Maldives’ economic woes?

Al Jazeera

Egypt Economy Growth Slows Post IMF Deal, Expected Recovery

Learn about Egypt's economy projected to grow slower post-IMF deal but rebound with crucial reforms for stability and growth.

Top News

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Pakistan Anticipates New IMF Loan By Early July

Pakistan aims to secure an IMF loan by July to address economic challenges exacerbated by COVID-19, with a focus on structural reforms for stability and gr...

The Guardian - UK

Break the cycle of debt and dependency that stunts developing countries’ growth

Letter: The Jubilee 2000 saw $130bn of debt written off, and yet we now find ourselves in a renewed global debt crisis, says Maria Finnerty of Cafod

Top News

Thai Central Bank Prepared To Adjust Rates Based On Outlook

Deputy Governor of Bank of Thailand discusses potential interest rate adjustments in response to global economic conditions.

Crikey

As Chinese demand for iron ore fades, Australia’s golden goose is looking a little ill

Until now, resource exports have largely shielded Australia from China’s economic problems. No longer.

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The Hindu

Sobering assessment: On the IMF forecast, World Bank report

Given that the world needs to tap every reserve of economic potential to achieve universal peace and prosperity, it can ill afford to turn its back on a quarter of its people

The Guardian - UK

World Bank official calls for shake-up of G20 debt relief scheme

Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020

The Guardian - UK

Most difficult global outlook since 1930s heralds end of US-led world order

IMF has revised up growth forecasts but medium-term prospects remain poor as globalisation goes into reverse

Top News

South Africa Faces Inflation And Financial Upside Risks

Governor of South Africa's Central Bank warns of inflation risks and financial instability, emphasizing the need for vigilance and proactive measures.

The Guardian - UK

Hunt reportedly mulling stamp duty and NI cuts in effort to woo voters

Possible move in autumn statement come as experts sound alarm about dire state of UK public services

The Hindu

Role played by India during G-20 presidency appreciated at IMF and WB meeting: Seth

“There is a widespread appreciation of Indian presidency of the G-20 in building consensus on several issues,” Ajay Seth said.

Top News

IMF Urges Italy And France To Cut Spending, Germany To Invest

IMF advises Italy and France to cut spending, while urging Germany to increase fiscal stimulus measures to address economic challenges in Europe.

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