The Maldives says its financial troubles are "temporary" and the luxury tourist destination has no plans to seek an International Monetary Fund bailout after warnings of a possible sovereign default.

Maldives rules out IMF bailout despite financial woes, plans tax hikes to manage debt

In a bid to bolster its struggling economy, Bangladesh has urgently requested $5 billion in financial assistance from leading international lenders, including the International Monetary Fund (IMF), World Bank, and Japan International Cooperation Agency (JICA), according to Muhammad Yunus, the head of the interim government as detailed in a report by Reuters.

Bangladesh seeks $5 billion in emergency funds to boost dwindling forex reserves

Two years after an economic meltdown nearly doubled poverty rates in Sri Lanka, the nation is gearing up for a crucial presidential election on September 21st. With austerity measures still fresh in people's minds, this vote could redefine the country's economic future.

Sri Lanka Elections: What does it mean for the IMF bailout? | World Business Watch

The impending interest rate cuts to be made by the Fed are "in line" with International Monetary Fund advice that has put a premium on making sure inflation was controlled but now sees risks shifting toward the labour market, IMF economic counsellor Pierre-Olivier Gourinchas said on Friday.

IMF's Gourinchas supports US rate cuts but warns inflation risks remain

The new head of Bangladesh's Central Bank said the country is requesting an extra $3 billion in emergency aid from the International Monetary Fund (IMF). This is to recover from the recent political unrest.

Bangladesh seeks $3 Billion IMF emergency aid | World Business Watch | WION

Artificial intelligence and cryptocurrencies are rapidly reshaping our world, but their environmental impact is raising serious concerns. New IMF data shows these industries are massive energy consumers, contributing significantly to global carbon emissions. Take a look at this next report for more

IMF: AI & crypto threaten climate goals

Can 'made in India' replace 'made in China'? Here's what Krishnamurthy Subramanian, Executive Director at IMF and India's former Chief Economic Adviser told WION's Molly Gambhir in an exclusive interaction.

Can 'made in India' replace 'made in China'? IMF Executive Director comments

Three of India's neighbouring countries- Bangladesh, Sri Lanka, and Pakistan- have witnessed unusual shifts in their political environment including calls for politicians to step down and mass protests against ruling governments which often took a violent turn, killing and injuring numerous people.

Crisis in Bangladesh, Sri Lanka, Pakistan: What's going on with India's neighbours?

The International Monetary Fund announced on Tuesday that it has reached "preliminary understandings" with El Salvador to make economic growth and fiscal stability more forceful.

IMF, El Salvador agree on preliminary accord to strengthen economic stability, fiscal health

Krishnamurthy Subramanian, Executive Director at IMF and India's former Chief Economic Adviser tells WION's Molly Gambhir that India can become the 'Sachin Tendulkar' of the global economy as they discuss India's growth story, India's potential as a manufacturing hub and the key takeaways from Budget 2024. Can 'made in India' replace 'made in China'? How will a reduction in corporate tax help? Will the budget do a good job of job creation? Watch to find out more

Executive Director at IMF and India's former Chief Economic Adviser speaks to WION's Molly Gambhir

Pakistan formally requested China to restructure its debt. This comes as outstanding dues for power projects increased by 44% to $410billion. Pakistan's Finance Minister had arrived in Beijing on Thrusday to engage in crucial talks on debt relief and structural reforms proposed by International Monetary Fund.

Pakistan Finance Minister Muhammad Aurangzeb in China as Pak seeks debt relief from China

The International Monetary Fund on Tuesday raised India's growth forecast for 2024-25 to 7% from 6.8% on the back of improving private consumption, particularly in rural India.

IMF raises India's GDP forecast to 7% for 2024-25

Pakistan has entered a deal for a fresh $7-billion loan with the International Monetary Fund (IMF), the global lender announced on Saturday (July 13). In exchange for the 37-month loan, the Pakistani government under Prime Minister Shehbaz Sharif pledged to implement more economic reforms that are expected to be unpopular among the Pakistani people.

Pakistan gets 24th IMF loan since 1947; this time it’s $7 billion

The IMF has warned that the UK, under its new Labour government, faces tough decisions due to high public debt. In its annual economic review, the IMF emphasized the need to balance public spending while stabilizing debt, which is nearing 100% of GDP. This challenge arises as the country requires significant investment in sectors like healthcare, which suffers from chronic underfunding and an aging population. Additionally, the IMF called for ambitious reforms to boost growth.

UK faces tough fiscal choices: IMF

The International Monetary Fund (IMF) has warned that the United Kingdom, under its new Labour government, faces tough decisions due to high public debt. In its annual economic review, the IMF stressed the need to balance public spending while stabilising debt, which is nearing 100 per cent of GDP.

UK faces fiscal tightrope: IMF urges reforms amid high debt

As the election season intensifies, the international monetary fund has issued a stark warning to the United States about its rising debt and fiscal deficits. In its annual report, the IMF highlighted that the US' debt-to-gdp ratio could reach 140% by 2030 if current trends continue.

IMF warns US debt-to-gdp ratio could reach 140% by 2030

Pakistan is aiming to finalize a staff-level agreement with the International Monetary Fund (IMF) for a bailout exceeding $6 billion this month. Junior Finance Minister Ali Pervaiz Malik stated that all IMF requirements in the annual budget have been addressed, despite domestic concerns over new taxation measures.

Pakistan blocks 210,000 SIM cards over tax filings

The price Japanese companies charge each other for services increased 2.5 per cent in May compared to last year, indicating that businesses are passing on rising labour costs to their clients.

Japan's business service prices rise as companies pass on labour costs

Sri Lanka's recent economic data paints a robust picture of the country's economic recovery after a crippling foreign exchange crisis. The economy grew 5.3 per cent in January-March quarter, a drastic improvement on the 10.

Sri Lankan economy rebounds as inflation slows

IMF releases $336 million as part of bailout program The International Monetary Fund (IMF) has approved the second review of Sri Lanka's $2.9 billion bailout package, authorising the flow of around $336 million to the crisis-hit nation.

IMF approves second review of Sri Lanka's $2.9 billion bailout, warns of vulnerabilities

Pakistan's coalition government is set to unveil ambitious fiscal targets in its 2024/2025 budget today. The country aims to secure a crucial bailout from the international monetary fund. Officials and analysts anticipate that the budget will be contractionary. Aiming to bridge the gap between revenue collection and total expenditure.

PM Sharif's tough reforms under pressure

Now, we look at whether the dollar is losing its global dominance. International Monetary Fund's data reveals that US dollar's dominance as the world's primary reserve currency is slowly eroding. While it remains the most widely held reserve currency, the share has been declining for the past two decades. This trend continues despite recent strength in the dollar itself.

IMF data shows gradual decline in dollar's share of global reserves

Pakistan: PM Sharif's tough reforms under pressure

IMF data shows the US Dollar is slowly losing its grip as the world’s reserve currency. It’s still the most held reserve currency but has been declining for 20 years.

Dollar dominance fading? IMF data reveals falling share of US currency in global reserves

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