Latest International Monetary Fund News
IMF's economic view: Brighter outlook for China and India but tepid global growth
WASHINGTON (AP) — The International Monetary Fund on Tuesday upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. But it says worldwide progress against accelerating prices has been slowed by...
Argentina's inflation edges up in June, breaking a months-long streak in a blow to President Milei
BUENOS AIRES, Argentina (AP) — A closely watched measure of inflation in Argentina was stronger than the libertarian government of President Javier Milei would have hoped on Friday, as the official statistics agency reported prices edging up in June and breaking a months-long streak of declines....
Pakistan reaches new $7 billion loan deal with IMF
Pakistan has reached a staff-level agreement for a new $7 billion loan deal, the International Monetary Fund said Friday, the country's latest turn to the global lender for help in propping up its economy and dealing with its debts through big bailouts. Earlier this year, the IMF...
Kenya's president warns of huge consequences after his effort to address an $80 billion debt fails
NAIROBI, Kenya (AP) — The ballooning debt in East Africa's economic hub of Kenya is expected to grow even more after deadly protests forced the rejection of a finance bill that President William Ruto said was needed to raise revenue. He now warns “it will have huge consequences.” ...
India's president inaugurates newly elected parliament and sets out economic reforms as a key agenda
NEW DELHI (AP) — India’s president inaugurated a new parliament on Thursday after national elections, listing the priorities of Prime Minister Narendra Modi’s government in coming years, including fast-tracking economic reforms and boosting small and medium-size enterprises to create jobs. ...
Sri Lanka reaches deal on debt restructuring with bilateral creditors including China and France
COLOMBO, Sri Lanka (AP) — Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. The agreement marks a key step in the country’s economic recovery after defaulting...
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...
