Latest International Monetary Fund News

G-20 finance officials pledge to protect global growth

Jun. 9, 2019 8:07 AM EDT

FUKUOKA, Japan (AP) — Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth from disruptions due to trade and other tensions. The G-20 finance leaders said in a joint...

Argentina anti-austerity strike halts flights, trains, buses

May. 29, 2019 5:14 PM EDT

BUENOS AIRES, Argentina (AP) — Much of Argentina came to a standstill Wednesday as a strike to protest government austerity measures grounded hundreds of flights, halted bus and train lines and forced the closing of banks, courts and many schools. The country's main grains ports were also shut and...

Pakistan's currency reaches all-time low against US dollar

May. 16, 2019 6:25 AM EDT

ISLAMABAD (AP) — Pakistan's currency has reached a new all-time low against the dollar after the government last week reached a preliminary agreement with the IMF for $6 billion bailout. The Pakistani rupee dropped to 147 rupees to the dollar on Thursday morning. The rupee was traded at 141 to the dollar...

Pakistan secures preliminary deal for $6B IMF bailout

May. 12, 2019 3:37 PM EDT

ISLAMABAD (AP) — The International Monetary Fund said Sunday it reached a preliminary agreement with Pakistan for a $6 billion bailout over the next three years to finance sweeping economic reforms. Pakistan and the international lender reached a "staff level agreement" subject to approval by the IMF...

Pakistan, IMF in final round of talks on $8 billion bailout

Apr. 29, 2019 7:24 AM EDT

ISLAMABAD (AP) — Pakistan and the International Monetary Fund have launched the final round of talks over the $8 billion bailout package for Islamabad, a deal that's expected to be signed next month. The round started on Monday in the Pakistani capital and is expected to last till May 7. It comes as the...

IMF: Mideast economies face volatile politics, oil prices

Apr. 29, 2019 2:21 AM EDT

DUBAI, United Arab Emirates (AP) — Political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year, according to a new report released Monday by the International Monetary Fund. The report, which looks at the economies of 23 countries spanning North...