REVEALED: 10 | Rare Historical Photos

In 1998, South Korea urged people to save the country from bankruptcy. Millions lined up with gold wedding rings and baby bracelets, raising $2.1 billion in just four months

In January 1998, millions of ordinary South Koreans voluntarily donated gold, including wedding rings and baby bracelets, to help their nation repay a massive IMF debt. This unprecedented public drive, inspired by historical acts of sacrifice, saw over 3.5 million citizens participate, contributing 227 metric tonnes of gold.

The Economic Times · Jul 3

How South Koreans donated 227 tonnes of gold to rescue their economy after the 1997 IMF bailout

When South Korea was plunged into one of the worst financial crises in its modern history, the government turned to the International Monetary Fund (IMF) for what was then the largest bailout package ever approved. Yet one of the country's most remarkable responses did not come from financial markets or…

The Times of India · Jul 3

Venezuela earthquake death toll rises to 2,595

Venezuela's interim president, Delcy Rodriguez, revealed Friday that twin earthquakes on June 24 have claimed 2,595 lives. This grim update follows international aid offers from the IMF and World Bank. Venezuela is now establishing a $200 million reconstruction fund with the IMF to rebuild devastated homes, providing crucial financial support…

The Economic Times · Jul 3

Pakistan's Gen Z taking to investing in stocks in big way, claim stock managers

Pakistan's Gen Z is driving new accounts on the stock exchange, making up 41% of openings in FY25-26. Despite this surge, overall investment remains low compared to neighbours. Financial analysts attribute the growing interest to strong market returns and improved investor confidence, bolstered by IMF support and foreign deposits. The…

The Economic Times · Jun 25

Can the IMF help Africa break the debt cycle? {Business Africa}

Can the International Monetary Fund finally help Africa break out of its multi-generational loop of rescue and repayment and here is how Nigerian businesses are using stablecoins to bypass traditional banks to fight inflation.

Euronews · Jun 25

IMF to closely monitor China’s economic growth amid trade tensions

An accurate measurement of China's digital economy is a priority for other powers competing with Beijing in fast-developing technologies.

Euronews · Jun 24

Poland's Top Economist: Germany’s economy needs “bold revolutionary approach”

Germany is Europe's largest economy. Poland is Europe's most successful one. For economist Marcin Piątkowski, that sounds like a "match made in heaven." In an interview with Euronews, he explains what Germany can learn from Poland's remarkable economic success story.

Euronews · Jun 22

Has Sri Lanka recovered from its economic collapse? Three years after the crisis

Sri Lanka, once a symbol of economic collapse, has achieved remarkable stabilisation. Fuel shortages and soaring inflation have receded, with economic growth returning and tourism booming. While international lenders praise the IMF-backed reforms, significant challenges like high public debt and low investment persist, indicating recovery is still incomplete and transformation…

The Times of India · Jun 17

US President Donald Trump's Iran war weighs on G7 economies, but don't expect hard talk in France

Global economic leaders gather in France amid rising inflation and oil prices. A recent deal between the U.S. and Iran offers optimism, but the war's economic impact persists. Central banks have raised interest rates. G7 nations aim to avoid conflict with U.S. President Donald Trump, focusing on narrower economic issues.…

The Economic Times · Jun 17

Finance survived the quantum threat by preparing early. Mythos won't make it so easy

Anthropic's Claude Mythos model has put a new item on the agenda for business-critical technology.

TechRadar · Jun 16