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DARK SECRETS: 54 | Rare Historical Photos

EU offers Tunisia aid package, seeks tighter border control

The EU is considering a major financial package for the cash-strapped nation amid a growing refugee and migrant crisis.

Al Jazeera

EU may give Tunisia more than €1bn in aid to help finances and stem migration

Ursula von der Leyen says €900m will be macrofinancial assistance while €105m will help combat people-smuggling

The Guardian - UK

European leaders meet in Tunisia for talks on the economy, migration

Tunisia is hosting the leaders of Italy, the Netherlands and the European Union on Sunday for talks aimed at smoothing the way for an international bailout and restoring stability to a country that has become a major source of migration to Europe.

France 24

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European leaders hope to restore stability in Tunisia, a major source of migration

Tunisia is hosting the leaders of Italy, the Netherlands and the European Union for talks aimed at smoothing the way for an international bailout

The Independent UK

Pakistan lays out budget but may not satisfy IMF

The ‘plain-vanilla’ budget is unlikely to satisfy IMF, which could lead to the South Asian nation defaulting on debt.

Al Jazeera

Bank of England interest rates announcement to be made in June - what to expect

Experts have warned that inflation may not have fallen low enough to prevent another hike in interest rates

Manchester Evening News

Crisis-hit Pakistan set to present budget as IMF watches

Pakistan hopes budget will help unlock more than $2.5bn left in $6.5bn IMF bailout programme expiring this month.

Al Jazeera

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Italy's Meloni expresses hope for deal on IMF bailout of Tunisia as she preps weekend visit

The leaders of Italy and the Netherlands along with the EU Commission president travel to Tunisia on Sunday with a packet of initiatives to help create security in Tunisia, easing the way for a possible international bailout

The Independent UK

Pakistan PM hopeful of IMF deal this month amid escalating crisis

Shehbaz Sharif’s statement comes as Pakistan seeks immediate release of $1.1bn from IMF, part of $6.5bn bailout package.

Al Jazeera

IMF's Gopinath: We lack the 'luxury of time' with A.I.

Gita Gopinath argued that automation in manufacturing is an example of how experts can't accurately gauge the impact of tech on the labor force.

Fortune

Sri Lanka to reduce drug prices by 16% as crisis eases- minister

Sri Lanka will slash the price of 60 essential drugs by 16% from June 15, the Health Minister said on Tuesday, as the country sees a glimmer of relief from its worst financial crisis in decades.

Reuters

Pakistan's Prime Minister hopeful for deal with IMF this month

Pakistani Prime Minister Shehbaz Sharif is hopeful of finalising a deal with the International Monetary Fund (IMF) this month, he said in an interview with Turkish news agency Anadolu.

Reuters

Italy PM hopes trip to Tunisia may unblock IMF loan, sources say

Italian Prime Minister Giorgia Meloni will travel to Tunisia on Tuesday looking to make progress in unblocking loans from the International Monetary Fund (IMF) for the north African state, two diplomatic sources told Reuters.

Reuters

IMF's Georgieva warns Fed may need to hike further to cool down overheating U.S. economy

The Fed has already hiked to levels not seen since September 2007, but that might not be enough to bring inflation down to sustainable levels.

Fortune

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Reuters

Explainer-Blood, treasure and chaos: the cost of Russia's war in Ukraine

Russia's 2022 invasion of Ukraine has left tens of thousands of dead, displaced millions and sown economic turmoil across the world.

Reuters

Lebanese Christian and opposition coalition nominate IMF's Azour for president

Lebanon's disparate opposition, independent and main Christian parties said on Sunday they had nominated IMF official Jihad Azour for the presidency in a challenge to Hezbollah-backed candidate Suleiman Franjieh.

StockNews.com

2 Dividend Stocks to Sell, and 1 to Watch

Despite the lower probability of the Fed’s rate hike in June, interest rate increases are projected to resume later this year to control persistent inflation. Amid an uncertain market backdrop, it seems wise to avoid fundamentally weak dividend stocks Realty Income (O) and Washington Trust (WASH). However, the relatively stable…

The Conversation

South Africa's role as host of the BRICS summit is fraught with dangers. A guide to who is in the group, and why it exists

South Africa will host the BRICS summit in August 2023. The event could offer the country an opportunity to exercise leadership in the BRICS’ efforts to reform the arrangements for global economic governance and in supporting sustainable and inclusive development in Africa and the Global South. However, the opportunity has…

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Al Jazeera

Tax the wealthiest to avoid IMF, says Tunisia’s president

Tunisia’s president is looking for ways to avoid a bailout package worth nearly $2bn that hinges upon reform.

The Independent UK

IMF says Sri Lanka's economic recovery shows signs of improvement but challenges remain

The International Monetary Fund says that debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recovery still faces challenges

Al Jazeera

Despair in Ettadhamen: The harsh reality of Tunisia’s economy

‘This … system, goes back to the beys who needed to keep their courtiers happy to maintain their rule’, analyst says.

The Independent UK

Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of rebounding

Sri Lanka’s Central Bank has reduced its interest rates for the first time since the island nation declared bankruptcy last year

Fortune

I got rich in Russia and got out in time, twice. Here’s what I learned about democracy and free markets

Most totalitarian regimes never prosper for more than a generation or two. The parasitic behaviors of such governments eventually drain the economy.

The Independent UK

Ukraine's economy shows 'resilience' from Russian attacks, IMF says as it backs aid

International Monetary Fund has signed off on an initial loan of $900 million and raised its estimate for the country’s economic growth

The Conversation

Ghana and the IMF have struck a deal, but hard choices lie ahead

In mid-May 2023 the International Monetary Fund (IMF) finally approved a US$3 billion 36-month arrangement with Ghana. It immediately disbursed the first tranche of US$600 million.

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