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The Latest Breaking News from the International Monetary Fund

Politics with Michelle Grattan: Economist Chris Richardson on a likely interest rate rise and the fall in living standards

The International Monetary Fund (IMF) released a report this week calling on Australia to raise interest rates again, adding to the speculation the Reserve Bank will increase the cash rate on Tuesday.

The Conversation

The World Bank and the IMF need to keep reforming to become fit for purpose

The World Bank and the International Monetary Fund are being challenged to make substantial reforms so that they become fit for purpose in the 21st century.

The Conversation

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

The International Monetary Fund says Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade

The Independent UK

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Shocks are new normal for weakened global economy, says IMF head

Kristalina Georgieva says fund had been conducting ‘thinking the unthinkable’ scenario-planning before Israel-Hamas war began

The Guardian - UK

UK to have highest inflation and slowest growth of any G7 economy, IMF says

THE UK is set to become the slowest growing economy among major developed nations next year, according to the International Monetary Fund (IMF).

The National (Scotland)

IMF warns on inflation risk, clips growth forecasts, but sees US resilience

The International Monetary Fund warned Tuesday that the battle to tame global inflation has not yet been won, and urged central banks to keep interest rates elevated as price pressures impose restricts on economic growth over the coming year. In its annual World Economic Outlook report, published ...

The Street

IMF outlook worsens for a world economy left 'limping' by shocks like Russia's war

The International Monetary Fund warns that the world economy is losing momentum in the face of higher interest rates, the ongoing war in Ukraine and widening geopolitical rifts

The Independent UK

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Morocco welcomes the annual meeting of the IMF and World Bank a month after its deadly earthquake

The International Monetary Fund and World Bank are holding their annual meeting in Morocco, one month after an earthquake killed nearly 3,000 people in the North African country

The Independent UK

IMF expects continuing US support for Ukraine despite Congress dropping aid

The International Monetary Fund says it expects the U.S. to continue playing its key role in amassing multinational support that has helped keep Ukraine’s economy afloat during Russia’s invasion

The Independent UK

IMF says Sri Lanka needs to boost reforms and collect more taxes for its bailout funding package

The International Monetary Fund says that Sri Lanka has so far failed to make enough progress in boosting tax collection and other economic reforms sought by the IMF

The Independent UK

IMF warns Lebanon that the country is still facing enormous challenges, years after a meltdown began

The International Monetary Fund has warned that Lebanon is still facing enormous economic challenges, four years after the country's historic meltdown began

The Independent UK

India’s G-20 leadership extremely effective, even if Russia generally absent: Janet Yellen

U.S. Treasury Secretary Janet Yellen said India’s G-20 leadership has proven effective on several fronts, including the reforms of multilateral development banks and addressing the debt concerns of vulnerable countries.

The Hindu

Four years into crisis, Lebanon's leaders hope tourism boom will help bypass reforms in IMF bailout

Lebanon's political elites are pushing a recovery plan for the country's financial collapse that would allow them to sidestep tough reforms demanded by the International Monetary Fund

The Independent UK

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says

Chinese Vice Premier He Lifeng says Beijing has invested $25.4 billion dollars in Pakistan in the past ten years under the China-Pakistan Economic Corridor, or CPEC package

The Independent UK

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The National (Scotland)

UK to be second worst economy in the G7, says IMF

The UK is expected to be the second slowest-growing economy in the G7 this year, the International Monetary Fund has said, despite a major upgrade…

Evening Standard

UK to be second worst economy in the G7 in 2023 despite upgrade, says IMF

The International Monetary Fund said it expects UK output to grow by 0.4% this year.

The Independent UK

IMF deposits much-awaited $1.2 billion with Pakistan's central bank under bailout, minister says

Pakistan's finance minister says the International Monetary Fund has deposited the much-awaited first installment of $1.2 billion with the country's central bank under a new bailout deal

The Independent UK

IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt

The International Monetary Fund has approved a much-awaited $3 billion bailout for Pakistan, the global lender said, a move that’s likely to save the impoverished Islamic nation from defaulting on its debt repayments

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The Independent UK

Saudi Arabia deposits $2 billion in Pakistan's central bank as a boost ahead of a key IMF meeting

Saudi Arabia has deposited $2 billion into Pakistan’s central bank, a much-needed financial boost ahead of a critical meeting of the International Monetary Fund on the new bailout package for the cash-strapped South Asian country

Fortune

China's Gen Z graduates fear they have 'blank paper' diplomas as youth unemployment hits a record 20% and the economy chokes on anemic growth

Millions of fresh college graduates and early career professionals in China face daunting prospects amid a cooling economy.

The Independent UK

The IMF agrees to a long-awaited bailout for Pakistan of $3 billion

The International Monetary Fund has agreed to provide $3 billion to Pakistan — a long-awaited relief to bail out the impoverished country’s ailing economy

The Independent UK

Pakistan's premier says he hopes the IMF will decide on the bailout for his country in a day or two

Pakistan’s prime minister says he hopes the International Monetary Fund will make its decision in a day or two on the fate of the much-needed $6 billion bailout package for his country

The Independent UK

Pakistan's premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default

Officials say Pakistan’s Prime Minister Shahbaz Sharif has met with the head of the International Monetary Fund in Paris on the sidelines of the global financing summit in a last-ditch effort to unlock a $6 billion bailout package to help avoid a default

The Independent UK

Paris summit aims to shake up the financial system. It will test leaders' resolve on climate

Heads of state, finance leaders and activists are converging in Paris to seek ways to overhaul the International Monetary Fund and World Bank and usher the global development banks into a post-pandemic world with a rapidly changing climate

The Conversation

Gold fraud: the Goldenberg scam that cost Kenya billions of dollars in the 1990s – and no one was jailed

The Goldenberg scandal in the early 1990s is Kenya’s largest documented gold fraud. The scheme involved Goldenberg International Limited, which pretended to export gold and diamonds, and in exchange received substantial subsidies from the government for “earning” foreign exchange. Kenyan businessman Kamlesh Pattni – who was at the centre of…

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