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UNCOVERED: 6 | History Defined

IMF head welcomes Europe's interest rate hikes in campaign against inflation

The head of the International Monetary Fund has praised the European Central Bank’s decision to raise interest rate for the eighth time in a row

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 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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Zambia asks France to use 'influence' to speed up debt restructuring

Zambian President Hakainde Hichilema has asked French President Emmanuel Macron to use his global influence to help move forward a long-delayed restructuring of Zambia’s foreign debt, after its default in 2020.

Radio France Internationale

Crown Prince Mohammed bin Salman Led ‘Difficult Missions’

In mid-January, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said that Saudi Arabia had become a bright spot for the world and regional economies. Speaking at a session at the World Economic Forum (Davos), Georgieva explained that when she visited Saudi Arabia, she was incredibly impressed…

Asharq Al-Awsat

Age of globalisation is now the age of instability – and we need a plan

Bridgetown Initiative could be way for rich nations’ development finance words to become action

The Guardian - UK

What happened in the Russia-Ukraine war this week? Catch up with the must-read news and analysis

US arrests Jack Teixeira, suspect behind leak of Pentagon documents; fears Ukraine’s drone supremacy may soon be over

The Guardian - AU

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UAE tells IMF it will support Pakistan with $1bn, says minister

Ishaq Dar says the UAE has informed the IMF that it will provide $1bn to the crisis-hit South Asian nation.

Al Jazeera

Pakistan hopes to seal key IMF bailout agreement soon

Pakistan's debt continues to be sustainable, International Monetary Fund (IMF) managing director Kristalina Georgieva said on Thursday, after the government reiterated it had completed all requirements to receive a critical bailout from the IMF.

Reuters

Fragmented world’s rival blocs may risk new cold war, says IMF head

Warning from Kristalina Georgieva after G7 explores economic resilience, secure global supply chains and less reliance on China

The Guardian - UK

Wealthy west has little excuse after finally waking up to global debt crisis

As recent banking failures in US and Europe show, rich countries can act quickly when they want to

The Guardian - UK

IMF Issues Growth Warning as it Lowers 2023 Forecast

The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical tension. Concerns over high inflation, rising geopolitical tension and financial stability all hang over the updated forecasts, with the impact…

Asharq Al-Awsat

Watch live: IMF and World Bank release Global Financial Stability Report

Watch live as the International Monetary Fund (IMF) and the World Bank Group (WBG) release the Global Financial Stability Report on Tuesday, 11 April.It comes after the release of the World Economic Outlook at the 2023 Spring Meetings.

The Independent UK

First look: Yellen's cautious optimism on the economy

The Treasury secretary's glass-half-full outlook isn't shared by IMF chief.

Axios

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Al Jazeera

G20 finance heads face reform calls from Global South

Finance ministers and central bank governors are meeting at the IMF to discuss challenges facing global economy.

Reuters

IMF's Georgieva says 44 countries interested in new resilience trust loans

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that 44 countries have expressed interest in borrowing from its $40 billion Resilience and Sustainability Trust after an initial five had arranged loans.

Asharq Al-Awsat

IMF Sees Global Growth Below 3% in 2023

The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain around 3% for the next five years, IMF Managing Director Kristalina Georgieva said in prepared remarks on Thursday. That is the global lender's lowest medium-term growth forecast since 1990, and well below the…

The Guardian - UK

Global economy heading for weakest growth since 1990, says IMF boss

Kristalina Georgieva says slowdown last year after Covid pandemic and Russian invasion of Ukraine could persist for five years

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Reuters

Countries in stronger position should help others with debt woes -IMF chief

Countries in a relatively stronger position should help vulnerable nations especially those under debt distress, International Monetary Fund managing director Kristalina Georgieva said on Thursday.

Fortune

Bank failures have 'increased' threats to global financial stability, IMF says

Global economic growth was expected to slow this year, but this month's banking crises have raised the risk of even bigger problems.

The Guardian - UK

Markets rally despite banking fears; UK retailers turn optimistic after bleak winter – as it happened

Shares in First Citizens Bank surge 45% as it agrees to buy much of Silicon Valley Bank, while Saudi National Bank’s Ammar Alkhudairy resigns

The Guardian - UK

IMF chief warns global financial stability at risk from banking turmoil

Kristalina Georgieva joins others in voicing fears about threat to world economy after recent bank collapses

The Independent UK

IMF approves crucial $3B bailout for bankrupt Sri Lanka

The International Monetary Fund says its executive board has approved a nearly $3 billion bailout program for bankrupt Sri Lanka

Asharq Al-Awsat

G20 Finance Chiefs Differ on Debt, Russia-Ukraine War

Finance leaders of the world's biggest economies were entangled in differences on Saturday over the war in Ukraine and on resolving the debt burden of distressed developing nations, participants said. The meeting of finance ministers and central bank chiefs of the Group of 20 (G20), hosted by India, was likely…

Reuters

Most G20 nations condemn Russia for war, China silent

Finance chiefs of the world's largest economies strongly condemned Moscow for its war on Ukraine on Saturday, with only China and Russia itself declining to sign a joint statement.

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