#imf

#imf

Lebanon's new central bank governor may lack the independence needed for necessary reforms amid the ongoing economic crisis.

Egypt raises fuel prices by 15% to meet IMF demands and unlock loans.

Sri Lanka is experiencing a significant political shift due to its severe economic crisis and subsequent protests, leading to a new presidency under Anura Kumara Dissanayake.

The delay in IMF loan approval raises concerns about Pakistan's economic stability and ongoing negotiations.

Accusations suggest geopolitical factors may be influencing the IMF's decision-making process regarding Pakistan.

El Salvador's adjustment to its bitcoin policy enables a $1.4bn loan from the IMF, suggesting reduced risks in cryptocurrency adoption.

El Salvador remains Bitcoin country despite removing bitcoin as legal tender, as ongoing adoption and education continue.

The IMF's loan agreement influenced the legislative decision to revoke Bitcoin's legal tender status.

The IMF urges El Salvador to modify its bitcoin law and limit public sector exposure for financial stability.

El Salvador's adoption of Bitcoin exemplifies a shift towards financial independence and challenges the traditional power of institutions like the IMF.

President Bukele's concessions in the Bitcoin Law reflect a pragmatic approach to governance focused on the needs of the Salvadoran people.

IMF has upgraded the UK growth forecast to 1.6% for this year, despite global uncertainties.

The IMF warns the UK about potential higher interest rates due to persistent service sector inflation.

IMF urges tax increases and spending cuts for sustainable public finances in the UK. Immediate action is critical to prevent exacerbation of existing issues.

UK economy projected to grow by 1.6% in 2023, reflecting improved real incomes and consumption.

The IMF supports Rachel Reeves' budget, emphasizing its role in sustainable economic growth.

Labour's budget marks a significant shift from previous austerity measures towards increased public investment.

IMF opposes pre-election tax cuts from Jeremy Hunt due to looming 30bn deficit in UK's finances.

Yellen criticized China's lending practices and called for swift global debt relief for disadvantaged nations to support their development efforts.

IMF urges global finance leaders to address rising public debt and prepare for economic shocks.

India and China will lead global economic growth over the next two years, while the U.S. may benefit from a neoliberal approach under the new administration.

Governments must reduce mounting public debt levels to ensure economic stability and avoid future crises.

The IMF alarm about US fiscal slippages and growing public debt, impact on global economy. Costly servicing US debt increases with deficit spending.

The global war against inflation has largely been won with minimal impact on economic growth.

Europe's economic recovery remains sluggish, especially compared to the U.S., primarily due to structural weaknesses and the ongoing impact of the Ukraine war.

The Independent advocates for accessible journalism and real-time reporting on significant issues like reproductive rights and economic forecasts.

Gita Gopinath highlighted the disconnect between perceived inflation impacts and the actual robustness of the global economy.

The IMF forecasts that the UK will be the fastest-growing major European economy over the next two years.

Pakistan seeks $1.1bn IMF loan tranche for ailing economy, emphasizes need for deep reforms.

Egypt reaches agreement with the IMF to unlock $1.2bn, contingent on fiscal reforms and divestment of state-owned firms.

The IMF warns against pre-election voter giveaways to avoid risks to public finances.

The IMF has postponed its mission to Moscow amid European criticism regarding its potential review of the Russian economy post-Ukraine invasion.

Air raids declared in Belgorod after US-approved strikes near Ukraine border

Ukraine receives $1.1bn from IMF amid ongoing conflict with Russia, totaling $9.8bn since March 2023.

IMF's upcoming assessment of the Russian economy has incited strong backlash from European nations concerned about its implications for accountability post-invasion.

IMF postpones Moscow mission amid European criticism over post-invasion engagement, reflecting reputational concerns and the complexities of international relations.

IMF's return to Russia indicates a troubling tolerance for authoritarian regimes and undermines international law, demanding urgent leadership changes within the organization.

The IMF is worsening the global polycrisis by imposing unnecessary surcharges on indebted countries.

The World Bank and IMF exacerbate the impact of climate disasters in the Global South, particularly in the Caribbean, calling for their abolition.

The IMF has approved $333m for Sri Lanka as economic recovery signs emerge, though challenges remain with debt restructuring.

Sri Lanka's economy is stabilizing but remains vulnerable and requires further reforms.

The IMF, established 80 years ago, requires urgent reform, including providing alternative global liquidity sources, enhancing debt restructurings, fair surveillance policies, and leadership selection reforms.

IMF raised US growth forecast to 2.8% for 2024; projected decline to 2.2% in 2025 due to spending cuts and labor market cooling.

The U.S. economy's recovery is attributed to the Biden administration's approach against isolationism, opposed to Trump's policies.

The U.S. economy is projected to grow 2.8% in 2024, the highest among G7 nations, solidifying recovery post-pandemic.

The IMF is committed to increasing Africa's representation and addressing its debt crisis through liquidity support, debt restructuring, and growth promotion.

Many African countries are facing severe debt crises due to a combination of global economic factors, worsening governance, and local crises.

Zambia and Ghana are emblematic of a wider trend of increasing national debt across Africa, exacerbated by COVID-19 and rising global costs.

IMF urges proactive measures to address AI's impact on labor disruptions and inequality.

AI impact on labor market highlighted by IMF chief Georgieva, requiring swift preparation and adaptation.