The International Monetary Fund (IMF) has announced a significant update regarding the global economy's ongoing battle against inflation. In a recent report, the IMF stated that while the fight against inflation is "almost won," several emerging risks could threaten this progress.

Global fight against inflation nearly won, but new risks emerge, says IMF

The IMF has encouraged world finance leaders to tighten their fiscal belts before they meet in Washington over the next few days. With the world's recent inflation crisis behind them and two weeks before a possibly historic US Election, ministers and central bankers gathered in the nation's capital face mounting pressure to organise their fiscal homes while they can. Take a look at this next report for more...

IMF Urges Debt Reduction As Finance Chiefs Meet In Washington

The global economy faces increasing challenges as low growth and mounting debt continue to weigh on financial stability, according to the International Monetary Fund (IMF) Managing Director Kristalina Georgieva as detailed by her in her conversation with CNBC.

Global economy faces hurdles as IMF Chief flags low growth and high debt concerns

Ahead of the BRICS Summit to be held later this month, Russia which chairs the BRICS group has called on its partners to come up with an alternative to the International Monetary Fund(IMF). The reason being it is bearing the brunt of Western sanctions due to its war in Ukraine. BRICS comprise countries which are key drivers of economic growth, most notably India and China which are the fastest-growing economies. With more countries joining hands, BRICS is fast emerging as a geopolitical counterweight to the West, which seeks to challenge the hegemony of Western institutions such as the World Bank and the United Nations.

Russia Proposes IMF Alternative: Can BRICS Set A New World Order?

The international monetary fund has raised alarms on the growing debt crisis gripping global economies. Global public debt is projected to exceed 100 trillion dollars by the end of 2024, amounting to approximately 93 percent of global gross domestic product.

IMF: Global Public Debt To Exceed $100 Trillion By 2024

Global public debt is set to surpass $100 trillion this year, signalling urgent calls for stronger fiscal measures from major economies, according to a recent report from the International Monetary Fund (IMF).

Global public debt to pass $100tn this year: IMF Report

Sri Lanka's newly elected President, Anura Kumara Dissanayake, met with International Monetary Fund representatives in Colombo to discuss the country's ongoing $2.9 billion bailout.

Sri Lanka's New President Seeks IMF Deal Revisions, Eases Austerity

In his first meeting with the IMF in Colombo, newly elected Sri Lankan President Anura Kumara Dissanayake, a self-avowed Marxist, advocated for tax cuts on lower-income groups. Having won the September 21 election, he pledged to reverse steep tax hikes, raise public servant salaries, and renegotiate the bailout secured by his predecessor, Ranil Wickremesinghe, while committing to continue the IMF's four-year reform programme.

Sri Lankan President Dissanayake Seeks IMF Deal Revisions, Eases Austerity

Ahead of the upcoming Sri Lanka elections, opposition leader Sajith Premadasa has laid out conditions for forming an alliance with the United National Party (UNP). Premadasa, leader of the Samagi Jana Balawegaya (SJB), has expressed willingness to collaborate but insists on key policy agreements and leadership roles within the coalition. The potential alliance could reshape the electoral landscape, as both parties seek to strengthen their positions against the ruling government. Negotiations are ongoing as the election date approaches.

Sri Lanka Elections: Sajith Premadasa Sets Conditions For Alliance With UNP

Pakistan is implementing sweeping reforms to cut costs and meet the terms of a $7 billion loan deal with the international monetary fund. The government announced plans to cut 150,000 government jobs, close six ministries, and merge two others. These measures are part of an agreement with the IMF to reduce administrative expenditures, increase the tax-to-GDP ratio, and formalise the economy.

Pakistan Cuts Expenditures, Expands Tax Base in IMF-backed Reforms

Pakistan is taking drastic measures to address its ongoing economic crisis, announcing significant job cuts and the dissolution of several government ministries as part of a new agreement with the International Monetary Fund (IMF).

Cash-strapped Pakistan cuts 150,000 jobs and dissolves ministries in IMF deal

India's Union Defence Minister Rajnath Singh has stated that New Delhi could have given more money to Pakistan than it is about to receive from the International Monetary Fund (IMF) if ties were better between the two bitter neighbours.

'India could've offered Pakistan more money than IMF aid if...': Defence minister Rajnath Singh

The international monetary fund has approved a $7 billion extended fund facility for Pakistan, aimed at stabilising the country’s struggling economy. This deal marks Pakistan’s 25th IMF program since 1958.

Pakistan Secures $7 Billion Imf Deal Amid Economic Reforms

As Sri Lanka grapples with an economic crisis, the newly elected President, Anura Kumara Dissanayake is taking decisive steps to reshape the country's financial future. In a televised address...president Dissanayake called for immediate talks with the IMF regarding a crucial $2.9 billion bailout.

Sri Lanka President Dissanayake Urges Immediate Talks With IMF

The International Monetary Fund (IMF) has officially approved a substantial bailout package worth $7 billion for Pakistan, a move aimed at stabilising the country’s struggling economy.

IMF approves $7 billion bailout for Pakistan amid economic challenges

Russia's economic growth has defied IMF estimates. The country grew by 4.4% in 2024. This despite multiple sanctions imposed by U.S. & allies. But what's really driving the Russian economy? Take a look at this report for more...

Russia's GDP Soars Amid Rising Defence Spending

The International Monetary Fund (IMF) has approved a $7 billion loan for Pakistan, over two months after reaching an agreement. Prime Minister Shehbaz Sharif on Wednesday praised the deal, thanking IMF chief Kristalina Georgieva and her team for their support.

Pakistan: IMF Approves $7 Billion Loan For Cash Starved Country

Russia’s economy has defied expectations, growing by 4.4 percent in the first seven months of 2023 despite facing multiple western sanctions. This is significantly higher than the 3.2 percent growth forecasted by the IMF.

It is within this fiscally tight macroeconomic context that governments have to navigate multiple competing priorities against an increasingly complicated backdrop.

Navigating the global fiscal trilemma: Spend more, tax less, manage debt

A recent IMF study examining 65 countries over six decades reveals a striking trend: Political parties across the spectrum are increasingly advocating for higher government spending. This shift challenges traditional notions of conservative fiscal policy. It also highlights a growing consensus on expansionary approaches. Take a look at this report for more.

Political Parties Show Increased Support for Public Spending

The International Monetary Fund is ready to discuss its controversial $2.9 billion bailout programme for Sri Lanka with the country's new government, a spokesman said.

Ready to talk about bailout programme with Sri Lanka's new leftist government, says IMF

Media reports show the first scheduled discussions between the international monetary fund (IMF) and Russia since the beginning of Moscow's invasion of Ukraine have been postponed indefinitely. This is due to opposition from governments within the European union.

IMF halts Russia review after EU nations criticise plan

As China’s trade surplus expands and the U.S. Faces a widening trade deficit, the IMF is asking a question: what’s driving these imbalances? Is this a new chapter in the global economic rivalry? Or are deeper macroeconomic forces at play? Take a look at this next report for more…

IMF flags global trade gaps post-pandemic

The Marxist Janatha Vimukthi Peramuna (JVP) has pledged to cancel the Adani Group's wind power project in Sri Lanka if they win the upcoming presidential election. This statement was made on Monday as part of their campaign leading up to the election scheduled for this weekend.

Sri Lanka's JVP Party vows to cancel Adani deal

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Global fight against inflation nearly won, but new risks emerge, says IMF

IMF Urges Debt Reduction As Finance Chiefs Meet In Washington

Global economy faces hurdles as IMF Chief flags low growth and high debt concerns

Russia Proposes IMF Alternative: Can BRICS Set A New World Order?

IMF: Global Public Debt To Exceed $100 Trillion By 2024

Global public debt to pass $100tn this year: IMF Report

Sri Lanka's New President Seeks IMF Deal Revisions, Eases Austerity

Sri Lankan President Dissanayake Seeks IMF Deal Revisions, Eases Austerity

Sri Lanka Elections: Sajith Premadasa Sets Conditions For Alliance With UNP

Pakistan Cuts Expenditures, Expands Tax Base in IMF-backed Reforms

Cash-strapped Pakistan cuts 150,000 jobs and dissolves ministries in IMF deal

'India could've offered Pakistan more money than IMF aid if...': Defence minister Rajnath Singh

Pakistan Secures $7 Billion Imf Deal Amid Economic Reforms

Sri Lanka President Dissanayake Urges Immediate Talks With IMF

IMF approves $7 billion bailout for Pakistan amid economic challenges

Russia's GDP Soars Amid Rising Defence Spending

Pakistan: IMF Approves $7 Billion Loan For Cash Starved Country

Russia's GDP Soars Amid Rising Defence Spending

Navigating the global fiscal trilemma: Spend more, tax less, manage debt

Political Parties Show Increased Support for Public Spending

Ready to talk about bailout programme with Sri Lanka's new leftist government, says IMF

IMF halts Russia review after EU nations criticise plan

IMF flags global trade gaps post-pandemic

Sri Lanka's JVP Party vows to cancel Adani deal