Latest International Monetary Fund News
World Bank's Banga wants to make gains in tackling the effects of climate change, poverty and war
WASHINGTON (AP) — There was no shortage of stressors to the global economy when Ajay Banga took charge at the World Bank almost a year ago: inflation eating at nations drowning in debt, a once-in-a-generation pandemic, climate disasters and Russia's invasion of Ukraine. Factor in...
IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economies
WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but "there is plenty to worry about,'' including stubborn inflation and rising levels...
Yellen says Iran's actions could cause global 'economic spillovers' and warns of more sanctions
WASHINGTON (AP) — Treasury Secretary Janet Yellen warned Tuesday of potential global economic damage from rising tensions in the Middle East and pledged that the U.S. and its allies won't hesitate to use their sanctions powers to address Iran's "malign and destabilizing activity” in the region....
IMF: Outlook for world economy is brighter, though still modest by historical standards
WASHINGTON (AP) — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth. The IMF now envisions...
IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
WASHINGTON (AP) — Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year, the International Monetary Fund's chief said Thursday, below the annual historic average and a warning sign about potential lackluster performances...
IMF confirms increasing Egypt's bailout loan to $8 billion
CAIRO (AP) — The executive board of the International Monetary Fund confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion, in a move that is meant to shore up the Arab country’s economy which is hit by a staggering shortage of foreign currency and soaring...
New finance minister says Pakistan will seek a long-term IMF loan to stabilize the economy
ISLAMABAD (AP) — Pakistan plans to seek a long-term loan from the International Monetary Fund to help stabilize the country's ailing economy after the end of the IMF's current $3 billion bailout package, the country's newly appointed finance minister said Friday. Muhammad...
IMF says the economic situation in debt-stricken Sri Lanka is gradually improving
COLOMBO, Sri Lanka (AP) — The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund said Thursday. Inflation has come down from a peak of 70% in 2022 to 5.9% last month and...
Pakistan and IMF reach preliminary deal to release $1.1 billion from bailout fund, IMF says
ISLAMABAD (AP) — Pakistan and the International Monetary Fund reached a preliminary agreement for the release of $1.1 billion from a $3 billion bailout following dayslong talks in Islamabad, the IMF said Wednesday. Under the deal, Pakistan will receive the final tranche from the...
IMF to hold crucial talks with Pakistan over release of final $1.1B tranche of $3B bailout
ISLAMABAD (AP) — The International Monetary Fund will hold a crucial round of talks with Pakistan's newly elected government this week to determine whether the country has met conditions for receiving the much needed final $1.1 billion tranche of a $3 billion bailout, officials said Wednesday. ...
