Latest International Monetary Fund News
Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout
ISLAMABAD (AP) — Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax collection target while talks with the International Monetary Fund about a new...
IMF upgrades its forecast for China's economy, but says reforms are needed to support growth
The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF's report, issued late Tuesday, said the world's second-largest economy will likely expand at a 5%...
Argentina will get next installment of bailout as IMF praises Milei's austerity policies
BUENOS AIRES, Argentina (AP) — The International Monetary Fund, Argentina's biggest creditor, agreed Monday to release the next tranche of loans due under a bailout program, endorsing government austerity measures so severe they even surpass the terms of its $43 billion loan. The...
Violent protests continue in Pakistan-held Kashmir against price hikes. Talks with the IMF begin
MUZAFFARABAD, Pakistan (AP) — Protests against price hikes continued for the fourth day in Pakistan-controlled Kashmir with demonstrators clashing with police, officials said Monday, while government talks began with the International Monetary Fund in pursuit of billions of dollars in new...
A police officer was killed in Pakistan-held Kashmir during protests against price hikes
ISLAMABAD (AP) — A protest against rising costs of food, fuel and utility bills turned violent in Pakistan-controlled Kashmir, leaving a police officer dead and dozens of people injured, officials said Sunday. Traders in some of the cities in Pakistan-controlled Kashmir pulled...
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
KABUL, Afghanistan (AP) — The International Monetary Fund on Monday approved the immediate release of the final $1.1 billion tranche of a $3 billion bailout to Pakistan, the global lender said in a statement. Pakistan needs the money to overcome one of the worst economic crises in...
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
WASHINGTON (AP) — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. Thursday’s report from the Commerce Department said the gross...
Columbia's president, no stranger to complex challenges, walks tightrope on student protests
Columbia University president Minouche Shafik is no stranger to navigating complex international issues, having worked at some of the world’s most prominent global financial institutions. At the World Bank and the International Monetary Fund, for example, she tackled both the...
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...
