Latest International Monetary Fund News
IMF says Sri Lanka's economic recovery shows signs of improvement but challenges remain
COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recovery still faces challenges, the International Monetary Fund said Friday. The Indian Ocean island nation declared bankruptcy in April 2022...
Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of rebounding
COLOMBO, Sri Lanka (AP) — The Central Bank of Sri Lanka reduced its interest rates Thursday for the first time since the island nation declared bankruptcy, after stern fiscal controls, improved foreign currency income and help from an International Monetary Fund program resulted in inflation...
Ukraine's economy shows 'resilience' from Russian attacks, IMF says as it backs aid
FRANKFURT, Germany (AP) — Ukraine's economy is showing “remarkable resilience” following Russian attacks on its electricity infrastructure, officials from the International Monetary Fund said Tuesday as they signed off on an initial loan of $900 million and raised their estimate for the...
Germany economy shrinks in first quarter, signaling one definition of recession
BERLIN (AP) — The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. Data released Thursday by the Federal Statistical Office shows Germany's gross domestic product, or GDP,...
UK economy to avoid recession but inflation still a worry, IMF says
LONDON (AP) — The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund. In its latest assessment of the U.K. economy, the Washington-based fund said domestic demand had proven more...
Ghana bets on $3bn IMF loan to ‘reset’ economy, ease hardship
ACCRA, Ghana (AP) — Ghanian officials said Thursday that the $3 billion International Monetary Fund (IMF) bailout approved for the West African nation would help “reset the economy” and ease the economic hardship on millions of citizens. Though “far from a magic solution...
China's loans pushing world’s poorest countries to brink of collapse
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. An Associated Press analysis of a dozen countries most...
Top Lebanese official in IMF talks calls for central bank head to resign amid corruption allegations
BEIRUT (AP) — The Lebanese official heading talks with the International Monetary Fund to bail out Lebanon's tanking economy called Thursday for the country's embattled central bank chief to resign, amid allegations of corruption and an international arrest warrant issued against him. ...
IMF board approves $3 billion bailout for Ghana amid economic crisis
LONDON (AP) — The International Monetary Fund's executive board has approved a long-awaited $3 billion bailout for Ghana in hopes of combating the country’s economic crisis. The arrangement will allow for the immediate release of $600 million, with the remaining funds to be made...
IMF: Sri Lanka's crisis-hit economy likely to resume growth in 2024 after contracting 3% this year
COLOMBO, Sri Lanka (AP) — Sri Lanka’s crisis-hit economy is expected to resume growing in 2024 after contracting 3% this year, an International Monetary Fund official said Monday. Krishna Srinivasan, the IMF's director for Asia and Pacific, said expected economic growth of 1.5%...
