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IMF lifts 2023 growth forecast with boost from China reopening

Beiyi Seow, Agence France-Presse
Posted at Jan 31 11:24 AM

Global growth is set to be higher than expected this year, the IMF said Monday. Read more »

IMF approves $105 mn in emergency aid to Haiti

Agence France-Presse
Posted at Jan 24 02:09 PM

The International Monetary Fund (IMF) on Monday approved emergency aid of $105 million for Haiti, which has long been mired in a humanitarian crisis that has been exacerbated by recent global inflation. Read more »

Growth downgrade for China 'very likely' on COVID surge: IMF chief

Beiyi Seow, Agence France-Presse
Posted at Dec 15 03:31 AM

The IMF earlier warned that tough virus restrictions have been especially hard on China's residents. Read more »

More financing needed for IMF climate change fund: director

Agence France-Presse
Posted at Dec 14 08:13 AM

A new fund helping low-income countries tackle the impacts of climate change already has around $40 billion worth of commitments, but this is "nothing in comparison with the needs," IMF chief Kristalina Georgieva said. Read more »

Bankrupt Sri Lanka clears budget as IMF bailout delays

Agence France-Presse
Posted at Dec 08 11:17 PM

Crisis-hit Sri Lanka's parliament Thursday approved President Ranil Wickremesinghe's 2023 budget, vital to raising government revenue. Read more »

China economic slowdown to drag on Asia growth: IMF

Agence France-Presse
Posted at Oct 28 09:23 AM

China's "sharp and uncharacteristic" economic slowdown is expected to drag on growth across Asia through the end of next year, the International Monetary Fund (IMF) warned Friday, darkening an already gloomy global outlook. Read more »

G20 to meet under Ukraine war, inflation cloud

Agence France-Presse
Posted at Oct 13 03:43 PM

A divided G20 holds talks on Thursday under the shadow of multiple crises, from Russia's war in Ukraine to a global economic slowdown, on top of soaring inflation and climate change. Read more »

IMF cuts 2023 global growth, warns major economies to stall

Beiyi Seow, Agence France-Presse
Updated as of Oct 12 11:45 AM

The IMF has also cut forecasts for the world's two biggest economies, the United States and China. Read more »

IMF chief says world better prepared for this crisis

Heather Scott and Erwan Lucas, Agence France-Presse
Posted at Oct 07 05:33 AM

The global economy is at a difficult crossroads, but the IMF's Kristalina Georgieva said institutions are better prepared to weather this storm. Read more »

BoE intervenes as IMF criticises UK budget

Agence France-Presse
Posted at Sep 28 08:48 PM

The Bank of England stepped in Wednesday to shore up market confidence after the International Monetary Fund criticised Britain's inflation-fighting budget. Read more »

IMF cuts Philippine growth forecast as rates rise

Warren de Guzman, ABS-CBN News
Posted at Sep 26 06:28 PM

The International Monetary Fund has reduced its growth outlook for the Philippines to 6.5 percent, from 6.7 percent. Read more »

IMF agrees to $2.9 billion bailout for bankrupt Sri Lanka

Amal Jayasinghe , Agence France-Presse
Posted at Sep 01 07:01 PM

Bankrupt Sri Lanka will receive a conditional $2.9 billion bailout, the International Monetary Fund said Thursday, following a bruising economic crisis that saw the island nation's president chased from the country. Read more »

IMF ready to help Bangladesh face ongoing crisis

Agence France-Presse
Posted at Aug 04 05:17 AM

The power shortfalls have been compounded by a depreciating currency and dwindling foreign exchange reserves. Read more »

Russia doing better than expected despite sanctions: IMF

Agence France-Presse
Posted at Jul 27 04:08 AM

Despite the sanctions, Russia’s ‘domestic demand is also showing some resilience’ due to government support. Read more »

Global economic outlook has 'darkened significantly': IMF

ABS-CBN News
Posted at Jul 13 10:04 PM

The global economic outlook has 'darkened significantly' and could deteriorate further, the IMF's managing director said, citing Russia's war. Read more »

Shop for daily essentials while sharing with others

Unilever
Posted at Jul 07 03:43 PM

Shopping while giving back to others provides a great sense of fulfillment. Read more »

Bankrupt Sri Lanka's inflation jumps beyond 50 percent

Agence France-Presse
Posted at Jul 06 10:44 AM

Sri Lanka's inflation hit 54.6 percent a day after the IMF asked the bankrupt nation to rein in galloping prices and corruption. Read more »

Bankrupt Sri Lanka opens IMF talks, begins shutdown

Agence France-Presse
Posted at Jun 23 06:00 AM

The country of 22 million people is in the grip of its worst economic crisis after running out of dollars to finance even the most essential imports. Read more »

Bankrupt Sri Lanka hikes taxes

Agence France-Presse
Posted at May 31 09:24 PM

Cash-strapped Sri Lanka on Tuesday announced steep, across-the-board tax hikes to shore up revenue as the country suffers its worst economic downturn and seeks an IMF bailout. Read more »

IMF chief tests positive for COVID-19

Agence France-Presse
Posted at Apr 29 08:37 AM

IMF Managing Director Kristalina Georgieva has tested positive for Covid-19, a spokesman said Thursday, stressing she had only "mild symptoms." Read more »