Latest International Monetary Fund News

Pakistan swears in new parliament amid chaotic scenes as Imran Khan's followers protests vote count

Feb. 29, 2024 10:01 AM EST

ISLAMABAD (AP) — Pakistan's National Assembly swore in newly elected members of parliament on Thursday in a chaotic scene as allies of imprisoned former Prime Minister Imran Khan shouted and protested what they claim was a rigged election. Lawmakers from Khan's Pakistan...

Pakistani ex-Prime Minister Khan wants the IMF to link talks to an independent audit of the election

Feb. 23, 2024 16:01 PM EST

ISLAMABAD (AP) — Pakistan’s imprisoned former Prime Minister Imran Khan is writing a letter to the International Monetary Fund urging it to link any talks with Islamabad to an audit of the country's recent election, which his party alleges was rigged, an official from his party said Friday. ...

China pledges more help for its ailing property market, as IMF forecasts economy will slow

Feb. 02, 2024 10:21 AM EST

BANGKOK (AP) — Markets in China sank Friday despite a fresh flurry of measures to help prop up the ailing property sector, as the International Monetary Fund forecast that the Chinese economy will continue to slow in coming years. The report by the IMF forecast that the economy...

Tunisia wants to borrow billions from its central bank to address deficits. Experts call that risky

Jan. 31, 2024 15:40 PM EST

TUNIS, Tunisia (AP) — Cash-strapped Tunisia wants to take the unprecedented step of borrowing billions from its central bank to address budget deficits and bandage its economic crisis, a step that experts warn could bring inflation and lessen faith in institutions. In an emergency...

Police in Sri Lanka use tear gas to disperse opposition protest against dire economic conditions

Jan. 30, 2024 20:28 PM EST

COLOMBO, Sri Lanka (AP) — Sri Lanka's police used Tuesday tear gas and water cannons to disperse an opposition protest in the island nation facing its worst economic crisis while gearing up for a national election later this year. Protesters from the main opposition United...

Britain's Conservative government warned against tax cuts by IMF economist

Jan. 30, 2024 11:21 AM EST

LONDON (AP) — The International Monetary Fund’s chief economist has advised the U.K. government to avoid further tax cuts amid expectations Prime Minister Rishi Sunak’s battered administration will do just that to win over voters in an election year. Instead of reducing taxes,...

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation

Jan. 30, 2024 08:04 AM EST

WASHINGTON (AP) — The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation. In its latest outlook, the 190-country lending agency said Tuesday that it now expects...

Crisis-ridden Sri Lanka's economic reforms are yielding results, but challenges remain, IMF says

Jan. 19, 2024 07:51 AM EST

COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka’s economic reform program is yielding the first signs of recovery, but the improvements still need to translate into improved living conditions for its people, the International Monetary Fund said Friday. Sri Lanka has been...

Pakistan says the IMF executive board approved release of $700 million of $3B bailout

Jan. 11, 2024 14:17 PM EST

ISLAMABAD (AP) — The International Monetary Fund's executive board approved Thursday the release of $700 million of a $3 billion bailout for cash-strapped Pakistan, the finance ministry said. The bailout is meant to enable Pakistan to emerge from one of the worst economic crises in...

UN economic forecast cites conflicts, sluggish trade, high interest and climate disasters

Jan. 05, 2024 07:10 AM EST

UNITED NATIONS (AP) — The United Nations issued a somber global economic forecast for 2024 on Thursday, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters. In its flagship economic report, the...