Sri Lanka resumes bailout discussions with IMF, finance ministry says
NEW DELHI – Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the finance ministry said on Friday. Discussions with…
Central banks must resist urge to back off inflation fight – IMF economist
By David Lawder WASHINGTON – Global central banks may get “antsy” about the swiftness of economic pain brought on by monetary tightening to fight inflation and be tempted to cut interest rates…
IMF says not holding active discussions on potential new SDR issue
By David Lawder WASHINGTON – A new issue of International Monetary Fund Special Drawing Rights reserves is among options that could be considered to aid countries struggling with spillovers from the Ukraine…
IMF chief welcomes push to boost Argentina’s fiscal health
BUENOS AIRES – The head of the International Monetary Fund on Monday described a meeting with Argentina’s economy minister, Silvina Batakis, as “productive,” amid a deepening economic crisis afflicting South America’s third-biggest…
Argentina’s new economy chief to meet IMF head on Monday
BUENOS AIRES – Argentina’s newly appointed economy minister Silvina Batakis will meet on Monday with the head of the International Monetary Fund in Washington, the government said, as Argentina’s economy struggles with…
IMF says loan talks with Tunisia to continue over coming weeks
TUNIS – The International Monetary Fund (IMF) said its talks with Tunisian authorities for a staff level agreement on a rescue package would continue “over the coming weeks” as the government seeks…
IMF says Russian gas embargo could hit central Europe hard
WASHINGTON – A Russian natural gas embargo would cause deep recessions in Hungary, Slovakia, the Czech Republic and Italy unless countries can cooperate more to share alternative supplies, the International Monetary Fund…
IMF chief sees ‘exceptionally uncertain’ global outlook, deteriorating debt situation
NUSA DUA, Indonesia – IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the “exceptionally uncertain” global…
El Salvador finance minister says possible IMF deal no panacea
SAN SALVADOR – Salvadoran Finance Minister Alejandro Zelaya minimized on Thursday the potential positive impact of a long-delayed deal with the International Monetary Fund, even as the highly indebted country stares down…
IMF in positive engagement with Argentina, welcomes govt efforts – spokesman
NEW YORK – The International Monetary Fund had a “very positive” first engagement with Argentina’s recently named economy minister Silvina Batakis, an IMF spokesman said on Thursday. “I hope that our staff…
IMF says hopes to start lending from new resilience trust in October
By David Lawder WASHINGTON – The International Monetary Fund said on Thursday it hopes to begin lending from its new Resilience and Sustainability Trust (RST) for vulnerable low and middle-income economies in…
IMF says China needs more fiscal, monetary support to fight COVID slowdown
By David Lawder WASHINGTON -The International Monetary Fund said on Thursday that China needs to add more fiscal and monetary policy support to combat an economic slowdown brought on by continued COVID-19…
IMF calls for quick creditor agreements on Chad, Ethiopia, Zambia debts
By David Lawder WASHINGTON -The International Monetary Fund on Thursday called on creditor committees for Chad, Ethiopia and Zambia to quickly reach agreements with authorities to restructure the countries’ debts, saying this…
African Nation Demands Massive Bailout From IMF. It Hasn’t Worked Out The Last 17 Times
African Nation Demands Massive Bailout From IMF. It Hasn’t Worked Out The Last 17 Times Micaela Burrow on July 12, 2022 Ghana’s president announced his intention to request a loan from an…
IMF hopes for resolution of Sri Lanka crisis to allow bailout talks
NEW DELHI – The International Monetary Fund (IMF) said it is hoping for a resolution to Sri Lanka’s political turmoil that will allow a resumption of talks for a bailout package after…
IMF executive board approves $638 million for Benin
DAKAR – The International Monetary Fund’s (IMF) executive board has approved a $638 million extended fund and extended credit facility for Benin under a 42-month arrangement to help the West African nation…
Crisis-hit Sri Lanka to present debt restructure plan to IMF by August
By Uditha Jayasinghe COLOMBO -Crisis-hit Sri Lanka will present a debt restructuring plan to the International Monetary Fund by the end of August, in a bid to win approval for a four-year…
Argentina economy minister, IMF deal architect, quits as government crisis builds
By Jorge Otaola BUENOS AIRES -Argentina’s economy minister Martin Guzman, the architect of a recent major debt deal with the International Monetary Fund (IMF), resigned on Saturday as deep splits emerged in…
U.S. dollar share of FX reserves steady in Q1, euro share dips, IMF says
By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund was 58.8% in the first quarter, unchanged from that of the last three…
IMF says Haiti staff-monitored program may lead to loan deal
By David Lawder WASHINGTON – The International Monetary Fund said on Wednesday its management had approved a staff-monitored program for Haiti to establish a track record of policy implementation that could lead…
IMF reaches staff agreement with Cameroon that could unlock $73.6 million
WASHINGTON – The International Monetary Fund said on Wednesday its staff had reached an agreement with Cameroon on the second review of its loan programs that could lead to the disbursement of…
IMF delivers targets to Pakistan in step toward restoring bailout
By Gibran Naiyyar Peshimam and Asif Shahzad ISLAMABAD – Pakistan said on Tuesday that it has received economic and financial targets from the International Monetary Fund (IMF) that once agreed and ratified…
Costa Rica asks IMF for $700 million from new sustainability trust
By Alvaro Murillo SAN JOSE – Costa Rica has told the International Monetary Fund (IMF) it is interested in obtaining a nearly $700 million loan to invest in infrastructure from a newly…
Any U.S. recession would likely be short, shallow, IMF official says
WASHINGTON – If the United States does fall into a recession, it would likely be “relatively short,” with only modest increases in unemployment, and may look like U.S. downturns in the early…
IMF says it will start talks with Tunisia over loan program
By Tarek Amara TUNIS – The International Monetary Fund said on Wednesday it welcomed an economic reform program announced by the Tunisian government this month and is ready to start negotiations in…
IMF approves immediate release of $216 million to Senegal
DAKAR – The International Monetary Fund has completed a programme review enabling the immediate release of about $216 million to Senegal, it said in a statement on Wednesday. The IMF board also…
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