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The Latest Breaking News from the International Monetary Fund

Fact check: Minister’s growth claim, NHS appointments and the size of the Army

Round-up of fact checks from the last week compiled by Full Fact.

Evening Standard

Lebanon’s new government wins confidence vote in parliament

Nawaf Salam’s government wins the backing of 95 lawmakers in the 128-seat parliament.

Al Jazeera

IMF Chief Tells Europe To Take Page Out Of US Book

With the European economy lagging behind the United States, the head of the International Monetary Fund had a piece advice for the continent on Friday: "Believe in yourself."

International Business Times

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Eurobonds issued by African countries are popular with investors: why this isn’t good news

Eurobonds are debt instruments issued by a country in a currency different from its own. Eurobonds have risen to prominence in Africa because they have opened a window for governments to diversify their funding sources from traditional concessionary loans offered by the International Monetary Fund (IMF) and foreign aid, both…

The Conversation

Ukraine war briefing: IMF approves $1.1bn loan to Ukraine

Loan approval by the International Monetary Fund will bolster Ukraine as it faces continued Russian attacks. What we know on day 1,032

The Guardian - AU

El Salvador Plans To Sell Or Shut Its Crypto Wallet

The announcement came after the Central American nation's government reached a $1.4 billion loan deal with the International Monetary Fund that addressed its controversial embrace of bitcoin.

Latin Times

Economic hardship looms over Ghana as country readies for polls

Election is being contested between vice-president Mahamudu Bawumia and former president John Mahama, under whom corruption ballooned

The Guardian - UK

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Should we fear the rise of robots? What the future of life and work will look like with AI

Four in 10 jobs could be affected by the power of generative AI, according to research by the International Monetary Fund. But what will our lives look like in the years to come? Chris Stokel-Walker investigates

Evening Standard

Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Rachel Reeves has hit back at criticism of her Budget after the chancellor received backing from the International Monetary

The Independent UK

Budget 2024: Commons clash on 'higher mortgage rates' from Labour's Rachel Reeves borrowing billions to invest

The Chancellor is expected in the Budget on Wednesday to ease her debt fiscal rules to borrow some £20 billion extra to fund transport and other infrastructure projects

Evening Standard

Taiwan wants to join the IMF to get financial protection from China

Taiwan is making a longshot push to join the International Monetary Fund

The Independent UK

IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms

The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday

The Independent UK

Nasdaq Futures Fall on Higher Bond Yields Ahead of Tesla Earnings

December Nasdaq 100 E-Mini futures (NQZ24) are trending down -0.23% this morning as Treasury yields continued to rise on the prospect of less aggressive Federal Reserve interest rate cuts, while investors awaited a slew of corporate earnings reports, with a particular focus on results from “Magnificent Seven” member Tesla.

Barchart

FTSE 100 regains most of its losses after early falls

The UK’s top stock index recovered later in the day after improved predictions for the UK economy by the International Monetary Fund.

Evening Standard

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The Independent UK

IMF's economic view: A brighter outlook for US but still-tepid global growth

The International Monetary Fund has upgraded its economic outlook for the United States this year, while lowering its expectations for growth in Europe and China

Evening Standard

IMF upgrades UK economic growth as elections drive global uncertainty

It came as the financial agency held its forecasts for the global economy steady for 2024, with a slight downgrade for next year.

International Business Times

IMF Asks Sri Lanka To Protect Hard-won Gains

Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said Friday as the country's new president sought changes to its $2.9 billion bailout.

International Business Times

Strategies To Mitigate The Impact Of Inflation

According to the International Monetary Fund (IMF), inflation is decreasing more quickly than anticipated. Global inflation is projected to drop to 5.8% in 2024 and 4.4% in 2025.

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The Guardian - UK

Russia-Ukraine war: US imposes new sanctions on Russia and North Korea – as it happened

Concerns over deepening military cooperation between Russia and North Korea over war in Ukraine

The Conversation

Ethiopia’s bold economic reforms target stability and growth, but they come with risks

Ethiopia’s recent macroeconomic reforms, supported by the International Monetary Fund (IMF) and the World Bank, could have profound implications for the country and the region. The key reforms include the use of a floating exchange rate system and of interest rates as a policy tool.

Top News

IMF Upgrades China, India, Europe; Lowers US, Japan Expectations

IMF revises global economic projections, highlighting growth in China, India, and Europe, with challenges in the US and Japan. Global inflation expected to...

The Independent UK

New fears Brexit has ‘drained life out of UK economy’ following IMF report

The International Monetary Fund’s July report warns ‘the global economy is in a sticky spot’ with the UK lagging behind most other major economies

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