Latest International Monetary Fund News
IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
WASHINGTON (AP) — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump’s promises to slash U.S. taxes, impose tariffs on foreign goods, ease...
IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
WASHINGTON (AP) — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump’s promises to slash U.S. taxes, impose tariffs on foreign goods, ease...
Pakistan's premier welcomes World Bank's 10-year funding plan of $20 billion
ISLAMABAD (AP) — Pakistan's prime minister on Wednesday welcomed the first-of-its-kind agreement with the World Bank under which Islamabad will get $20 billion in funding in 10 years to invest in renewable energy, education, and social sectors. In a post on the X platform, Shehbaz...
El Salvador's president is triumphant after his bet on bitcoin comes true
SAN SALVADOR, El Salvador (AP) — As bitcoin reached historic highs, surpassing $100,000 for the first tim e, El Salvador's President Nayib Bukele was triumphant on Thursday about his big bet on the cryptocurrency. The adoption of bitcoin — which has been legal tender in the...
Party of Sri Lanka's new Marxist-leaning president wins two-thirds majority in parliament
COLOMBO, Sri Lanka (AP) — The party of Sri Lanka’s new Marxist-leaning President Anura Kumara Dissanayake won a two-thirds majority in parliament, according to official election results Friday, providing a strong mandate for his program for economic revival. Dissanayake’s...
Voting ends in Sri Lanka's parliamentary election that's key for its new Marxist-leaning president
COLOMBO, Sri Lanka (AP) — Sri Lankans voted in a parliamentary election Thursday that is key for the country's new, Marxist-leaning president to consolidate his party's power and follow through on promises of economic recovery. Voting ended at 4 p.m. local time with more than 17...
Sri Lankan president seeks party win in parliamentary election to help him push his economic reforms
COLOMBO, Sri Lanka (AP) — Sri Lankan President Anura Kumara Dissanayake is looking to consolidate his party's power in Thursday's parliamentary election to help him implement his election pledges to solve the country's economic woes and foster good governance. The Marxist-leaning...
Trump's second term could realign US diplomacy toward authoritarian leaders
BUDAPEST, Hungary (AP) — Hungary's fiery, right-wing leader says Donald Trump’s victory will help his own battle against immigration and multiculturalism and restore traditional family values. In Argentina, a president who once bear-hugged Trump at a political conference in...
Taiwan wants to join the IMF to get financial protection from China
WASHINGTON (AP) — Taiwan, a major economy the size of Poland but absent from global organizations, is making a longshot push to join the International Monetary Fund, the 190-country organization that offers members emergency loans and other financial assistance. “Taiwan's...
IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms
WASHINGTON (AP) — The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday. She also urged Chinese leaders to take more decisive action to jump-start their...
