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International Monetary Fund (IMF)

International Monetary Fund (IMF)
Latest news, features and opinion on the International Monetary Fund (IMF). The 189-nation IMF promotes global monetary cooperation, facilities trade, encourages sustainable growth and makes funds available to countries experiencing fiscal difficulties.
last updated:
9 September, 2024
Muhammad Aurangzeb, the Pakistani finance minister, is in Hong Kong for the Asian Financial Forum. Photo: Dickson Lee
Hong Kong economy

Exclusive | Pakistan minister eyes joint ventures, secondary listings in Hong Kong

Finance minister Muhammad Aurangzeb also says he wants to identify areas for closer collaboration with city.

Hong Kong economy

Hong Kong urged to spend ‘smarter’ after IMF backs city’s saving efforts

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Belt and Road Initiative

Opinion | China-Pakistan friendship will hold fast against all weather

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Protests around the world

My Take | South Asia needs to get its political house in order to turn around its economy

Political violence and social unrest have dented support for South Asian countries from investors and multilateral institutions.

A protest in Multan on Monday against US sanctions on some Pakistani companies allegedly involved in long-range missile technology. Photo: EPA-EFE
Sri Lanka

Sri Lanka’s Dissanayake makes first overseas trip to India – is China a factor?

The visit by President Anura Kumara Dissanayake to New Delhi is seen as a move by Colombo to seek India’s support for debt-laden Sri Lanka.

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Africa

Ghana will not quit IMF deal but wants changes, says president-elect

Ghana’s president-elect wants to review the $3 billion rescue package to tackle wasteful spending and upgrade the energy sector.

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China's economic recovery

China rallies world’s economic groups, decries protectionism at ‘1+10’ dialogue

With an eye on peaceful and sustainable economic development for the world, meeting addresses outsized threats and risks in a time of rising uncertainties.

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Premier Li Qiang (centre) gestures as the president of the New Development Bank, Dilma Rousseff, left, and Rebeca Grynspan, right, secretary-general of the United Nations Conference on Trade and Development, arrive at the “1+10” Dialogue on Building Consensus on Development to Promote Global Common Prosperity in Beijing on Monday. Photo: AP
Bitcoin

El Salvador’s President Bukele triumphant after his bet on bitcoin comes true

As bitcoin surpassed US$100,000 for first time, value of El Salvador government’s reported investment now stands at more than US$600 million.

Sri Lanka

Sri Lanka’s new government faces backlash over IMF debt repayment plan

President Dissanayake has chosen to continue with the current IMF programme, raising concerns about its impact on economic growth and relief for the population.

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Sri Lanka

Sri Lanka’s new leftist government sticks within IMF ‘guard rails’

The IMF reached an agreement with the administration of President Dissanayake to continue the four-year loan negotiation last year.

Sri Lankan President Anura Kumara Dissanayake (second from right) arrives at the parliament complex to address the ceremonial inauguration of the 10th parliament in Colombo, Sri Lanka, on Thursday. Photo: EPA-EFE
Sri Lanka

Opinion | In Sri Lanka, China and India have a chance to join hands

The island nation could benefit from the expertise of Beijing and New Delhi, which would do well to help Colombo resist Western influence.

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A vendor displays newspapers for sale at a stall in Kandy on November 16, 2024. Sri Lankan President Anura Kumara Dissanayake’s leftist coalition won a majority in snap parliamentary polls, provisional results showed on November 15. Photo: AFP
Banking & finance

‘China plus one’ strategy to boost Asia’s growth amid Trump’s trade war

Diverting investments from China to neighbouring economies as a hedge against tariffs and geopolitical risks will boost Asia’s growth, HSBC’s Elhedery says.

G20

G20 leaders’ declaration urges ‘action’ on wars, climate change

Statement hopeful about ‘soft landing’ for global economy as its silence on North Korean support for Russia reveals China’s sway.

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G20

G20 summit begins with Brazilian host laying out ambitious global priorities

Anti-poverty agenda set by Brazil’s leader gains some initial support, but progress is threatened by instability and conflict around the world.

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The G20 Summit opens on Monday at the Museum of Modern Art in Rio de Janeiro. Photo: EPA-EFE
United States

Macroscope | Trump’s tariff weapon may amount to little in a changed world

US-China decoupling and trade diversification across the Asia-Pacific mean Trump’s tariffs are no longer capable of mass destruction.

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Donald Trump is reflected in the bullet-proof glass as he finishes speaking at a campaign rally in Lititz, Pennsylvania, on November 3. Photo: AP
United States

Outside In | ‘Trump-proofing’ is distracting the world from far graver challenges

From G20 and Apec to the WTO and Nato, global cooperation on climate, security and open trade and investment must be quickly restored.

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US-China trade war

Macroscope | IMF is changing its tune on trade. Should Asian economies listen?

In matters of open trade, Asian policymakers can no longer rely on the IMF, which is now advising Asia to focus on building domestic demand.

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Africa

US writes off over US$1 billion of Somalia debt

The announcement is the result of a deal between the two countries signed by Somalia’s finance minister and the US ambassador to Mogadishu.

Somalia is one of the poorest countries on the planet, enduring decades of civil war, a bloody insurgency by the al-Qaeda linked jihadist group al-Shabaab, and frequent climate disasters. Photo: AP
Banking & finance

IMF welcomes US-sanctioned former Russia central banker

Former first deputy governor of Bank of Russia Ksenia Yudaeva has been elected as the IMF’s executive director for Russia and Syria.

Banking & finance

Macroscope | Why stock market confidence may just be the calm before the storm playing

The lack of financial market volatility amid economic uncertainty related to geopolitical risks should worry more people.

US-China relations

Janet Yellen, senior China finance official discuss Beijing’s stimulus measures

US Treasury chief reiterates Washington’s concerns about industrial overcapacity and impact on American workers and firms.

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US Secretary of the Treasury Janet Yellen has expressed discontent with China’s recent economic stimulus measures. Photo: Getty Images via AFP
Climate change

Outside In | Nature needs saving but where will the West find the money?

However leaders feel about biodiversity and global warming, there is almost no money where their mouths are.

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A ranger reaches out towards female northern white rhino Najin, one of the last two northern white rhinos on the planet, in her enclosure at Ol Pejeta Conservancy in Kenya on August 23, 2019. Photo: AP
Global monetary policy

As China urges global financial reform, Global South ties more crucial: analysts

The world’s second-largest economy is looking to balance the scales of international financial governance under a system dominated by the World Bank and IMF.

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China-EU relations

Defend euro as China, Russia push for alternative currency: Europe’s bank chief

Next US leader also urged to weigh negative impacts of American and EU trade ‘restrictions and barriers’ on economic growth and inflation.

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China GDP

IMF lowers China GDP forecast on property, consumer confidence despite stimulus

China’s economy is projected to grow by 4.8 per cent this year, the International Monetary Fund said in its World Economic Outlook.

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Last week, China said its economy grew by 4.6 per cent in the third quarter compared to a year earlier. Photo: AP
Central banks

As global debt nears US$100 trillion, IMF urges action

International Monetary Fund economists warn that failure to address rising debt could lead to ‘significant spillovers’ for the world economy.

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The International Monetary Fund (IMF) logo is seen outside its headquarters in Washington. Photo: Reuters
Sri Lanka

Sri Lanka’s Dissanayake seeks strong win in election to advance crucial reforms

Anura Kumara Dissanayake’s National People’s Power, which holds only three seats currently, is aiming to win a parliamentary majority.

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Pakistan

IMF’s demand to end investment perks in Pakistan could hit Chinese projects

The condition is likely to deal a blow to a new export processing zone being planned in Karachi.

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