IMF raises Mexico growth forecasts on robust consumption, services, auto output
Mexico has a significant opportunity to capture 'nearshoring' of US supply chains due to deep trade links to its northern neighbor.
IMF says US$650 billion reserve boost helped global economy, urges caution on future allocation
The US$650 billion SDR allocation was the IMF's largest ever.
IMF approves US$3 billion bailout for cash-starved Pakistan
The board's approval was mandatory before disbursing the first tranche, with the rest to arrive later in instalments.
Pakistan’s deepening political crisis douses hopes for IMF relief
Deadly clashes between supporters of Imran Khan and police spread across the country after Pakistan's anti-corruption agency arrested the former prime minister.
IMF flags Israel's judicial reforms as downside economic risk
Netanyahu says the reforms are seeking a better balance between the different branches of government, but has agreed to delay the overhaul to try to negotiate a middle ground.
IMF chief says global economy mired in weak growth, sticky inflation
The IMF has warned that a major new flare-up of banking system turmoil could slam global growth back to 1%, throwing many economies into recession and putting major stresses on emerging market economies.
IMF warns deeper financial turmoil would slam global growth
The IMF says that banking system contagion risks are contained by strong policy actions after the failures of two US regional banks and the forced merger of Credit Suisse.
Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds
Economic mismanagement coupled with the impact of the pandemic left Sri Lanka severely short of dollars for essential imports, tipping the country into its worst financial crisis in seven decades.
China promises Sri Lanka deal on debt treatment in coming months
Sri Lanka is facing its worst economic crisis in more than seven decades and a shortage of dollars has disrupted imports of essentials.
Sri Lanka workers defy strike ban to protest rescue plan
President Ranil Wickremesinghe is facing a public backlash over steep tax hikes and spending cuts imposed to secure a sorely needed International Monetary Fund bailout.
Sri Lanka outlaws strikes as anti-tax protests spread
Anger towards President Ranil Wickremesinghe is growing as his government slashes spending and hikes taxes to secure an IMF bailout after more than a year of economic and political upheaval.
Global factory activity contracts again in January, highlighting fragile recovery
The latest figures come as central bankers gear up for another round of interest rate increases to combat high inflation.
