Latest International Monetary Fund News
Argentina's libertarian president-elect picks a former Central Bank chief as his economy minister
BUENOS AIRES, Argentina (AP) — Argentina’s president-elect, Javier Milei, announced Wednesday he has chosen Luis Caputo, a former finance minister and Central Bank chief known as an expert in markets, to lead the Economy Ministry when the right-wing leader takes office on Dec. 10. ...
Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds
COLOMBO, Sri Lanka (AP) — Sri Lanka said Wednesday that it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring, a crucial move toward unlocking a second instalment of a $2.9 billion bailout package from the International Monetary Fund. ...
The second installment of Sri Lanka's bailout was delayed. The country hopes it's coming in December
COLOMBO, Sri Lanka (AP) — The governor of Sri Lanka’s Central Bank said Friday he's confident it will receive the second instalment of a $2.9-billion bailout package from the International Monetary Fund before the end of the year, after payment was delayed due to inadequate oversight and debt...
Pakistan and IMF reach preliminary deal for releasing $700 million from $3B bailout fund
ISLAMABAD (AP) — Pakistan and the International Monetary Fund reached a much-awaited preliminary agreement Wednesday for the release of $700 million from a $3 billion bailout fund approved by the international lender in July. The standby credit fund is meant to save cash-strapped...
International Monetary Fund warns Europe against prematurely declaring victory over inflation
FRANKFURT, Germany (AP) — The European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until they're sure inflation is under control despite sluggish growth, the International Monetary Fund said Wednesday, warning against “premature...
The Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan
WASHINGTON (AP) — Economic crises are rippling through the countries bordering Israel, raising the possibility of a chain reaction from the war with Hamas that further worsens the financial health and political stability of Egypt, Jordan and Lebanon and creates problems well beyond. ...
IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
DUBAI, United Arab Emirates (AP) — Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade, the International Monetary Fund said Thursday, but the escalating war between Israel and the Hamas militant group could dampen the outlook. ...
Sri Lanka says it has reached an agreement with China's EXIM Bank on debt, clearing IMF funding snag
COLOMBO, Sri Lanka (AP) — Sri Lanka says it has reached an agreement with the Exim Bank of China on key terms and principles for restructuring its debt, a key step toward unlocking a second instalment of a $2.9 billion package from International Monetary Fund aimed at rescuing the island nation...
IMF and World Bank are urged to boost funding for African nations facing conflict and climate change
ABUJA, Nigeria (AP) — Many poor countries in Africa face the harshest effects of climate change: severe droughts, vicious heat and dry land, but also unpredictable rain and devastating flooding. The shocks worsen conflict and upend livelihoods because many people are farmers — work that is...
IMF outlook worsens for a 'limping' world economy. Mideast war poses new uncertainty
The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty from the war between Israel and Hamas militants, International Monetary Fund warned Tuesday. The IMF said it expects...
