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Demonstrators dressed as animals flock to the IMF

Avaaz activists dressed as animals and trees flocked to the 2022 IMF Spring Meetings to demand that biodiversity criteria be included in the new Resilience and Sustainability Trust (RST) on Thursday, April 21, in Washington D.C.

Money

Could Russia's frozen assets cover the rebuilding of war-torn Ukraine?

Financial aid sent by the US and Europe is "only the beginning of what Ukraine will need to rebuild," US Treasury Secretary Janet Yellen has warned.

Greece

Greece repays IMF bailout debt two years ahead of schedule

Three successive bailouts totalling some €260 billion between 2010 and 2018 prevented Greece from going bankrupt.

Money

IMF urges El Salvador to drop Bitcoin as legal tender

El Salvador became the first country in the world to adopt Bitcoin as legal tender, but the International Monetary Fund is not a fan.

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Economy

IMF issues austerity warning to Europe

International Monetary Fund managing director Kristalina Georgieva praises EU's recovery efforts and warns against "the suffocating force of austerity".

World News

COVID-19 recovery marked by inequality between rich and poor countries

Officials say a two-tier speed of pandemic recovery is developing between rich and poor countries and more money is needed to tackle the problem.

Economy

European economic recovery: IMF outlook shows gradual growth

With an increase in vaccination rates, more mobility, and support schemes, Europe's economic recovery is growing stronger despite uncertainty, according to the International Monetary Fund (IMF).

Tech News

IMF reduces global growth forecast amid inflation and supply problems

In its latest World Economic Outlook, the IMF projects that global output will increase by 5.9% this year, compared with its projection in July of 6%.

World News

IMF's board approves allowing Georgieva to remain as head

The International Monetary Fund expressed “full confidence” in its managing director on Tuesday in response to allegations that World Bank staff were pressured to change business rankings for China in an effort to placate Beijing.

Afghanistan

Taliban 'step up' search for Afghans who worked for US

The Taliban have been conducting "targeted door-to-door visits" of individuals they want to apprehend and their family members, a UN report says, despite their promise not to seek revenge on opponents.

Business

DRC: a new narrative emerges

In partnership with Primature DRC

There is a breath of fresh air in the Democratic Republic of the Congo. After not receiving any significant foreign economic support for over nine years, the country has just finalised a new economic programme with the International Monetary Fund (IMF).

Sudan

France holds global talks to offer debt relief for Sudan

France hosted global talks on Monday to offer debt relief for Sudan in a bid to support the country's transitional leadership and help its crippled economy recovering.

World News

Major economies support €547 billion boost for IMF resources

The G20 agreed on a $650 billion (€547 billion) resource boost for the International Monetary Fund.

Europe News

World economy on 'firmer footing' but 'debt and inequality pose risks'

Speaking to Euronews, Kristalina Georgieva said the IMF is ready to upgrade its global forecast but fiscal support must not be withdrawn prematurely.

Ukraine

Ukraine's central bank chief quits over 'political pressure'

Yakiv Smolii's resignation is raising concerns about the central bank's independence and the continuation of a much-needed IMF bailout.

World News

COVID-19 recession: How the euro area will be affected

To survive this crisis, the Eurogroup may have to throw away the old rule book.

World News

COVID-19: World economy in 2020 to suffer 'worst year since 1930s'

The International Monetary Fund has given a bleak assessment in its World Economic Outlook briefing on COVID-19.

World News

Coronavirus: 'Don't let urgent financial aid fall into wrong hands'

Human rights campaigners warn that anti-corruption measures are being ignored in the rush to send financial aid to countries in need.

World News

Coronavirus: 500m people worldwide 'could be pushed into poverty'

A study says the pandemic could push 8% of the world's population into poverty, prompting calls for a huge rescue package for vulnerable communities. "Never in the 75 years history of our institution have so many countries found themselves in need," said IMF head Kristalina Georgieva,

World News

IMF declares global recession

The IMF has declared a global recession and urged countries in need of financial help to request it sooner rather than later