IMF

The IMF said Wednesday that its board had voted to allow member states' IMF-issued international reserve assets to be used by multilateral development banks (MDBs) to acquire financial instruments that would stretch their balance sheets further.

IMF staff have reached an agreement with Argentina on a loan program review that should unlock almost $800 million in much-needed funds for the Latin American country, the Washington-based financial institution said Monday.

Since winning office last year, President Mohamed Muizzu has reoriented the atoll nation -- known for its upmarket beach resorts and celebrity vacationers -- away from traditional benefactor India and towards Beijing.

The International Monetary Fund has urged the government of Argentine President Javier Milei to shield the poor as he pursues harsh austerity measures to cut government spending, according to an interview published Sunday.

The strategically-placed Indian Ocean nation of the Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of "debt distress," the IMF warned Wednesday.

China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging productivity and a rapidly aging population, the International Monetary Fund (IMF) said Friday.

AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund's managing director, Kristalina Georgieva, said in an interview in Washington, shortly before departing for the annual World Economic Forum in Davos, Switzerland.

What will the relationship be like between Javier Milei, Argentina's new self-described "anarcho-capitalist" president, and the IMF, with which the Latin American country has an ongoing $44 billion loan agreement?

Hurricane Otis' devastation in Mexico energy system vulnerabilities during natural disasters; solar microgrids could be the key to a stormier future.

The International Monetary Fund raised India's growth forecast to 6.3% in 2023 from an earlier forecast of 6.1%. Experts say that India's Covid-19 policies and other factors have armored the economy for a robust growth.

US Treasury Secretary Janet Yellen said Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change.

The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change.

Republicans are expected to choose a final candidate for House Speaker; Citigroup, JPMorgan and Wells Fargo release third-quarter results.

After a two-week visit to Sri Lanka, an IMF team said the South Asian country failed to make enough progress in boosting tax collection and other economic reforms. Despite encouraging signs of improvement, Sri Lanka's recovery is "not yet assured" after the first review of its $2.9 billion bailout.

In June, IMF provided a $3 billion bailout package to cash-strapped Pakistan. At the time, Pakistani officials nodded to a significant increase in electricity costs as part of the bailout package.

Japan pressed bankrupt Sri Lanka on Saturday to expedite its debt restructuring, including with its biggest creditor China, to stabilise the island nation's economy after an unprecedented crisis.

Western nations fear an economic collapse in Tunisia could trigger even greater migrant flows to Europe and have offered financial assistance.

US Treasury Secretary Janet Yellen said Tuesday that international financial institutions like the IMF and World Bank "reflect American values" and serve as key counterweights to "unsustainable lending from others like China."

IMF says UK economy to grow this year in big U-turn

The Zimbabwean central bank announced it had received 135 applications, amounting to a total of 14.07 billion Zimbabwean dollars.

UAE and China promise Pakistan $1.3 bln to get IMF deal on track