
Results for "IMF"
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A2 Milk Profit Slumps 44% Amid China Supply Disruptions
New Zealand's a2 Milk company announced a 44% decline in its full-year profit, primarily attributed to weaker sales of its China-label infant formula and broader supply disruptions in the Chinese market, leading to a tumble in its stock.

IMF Praises Greece for Macroeconomic Stabilization and Tax Consistency
The International Monetary Fund (IMF) has commended Greece for its macroeconomic stabilization efforts, highlighting tax consistency as a crucial element in the country's progress.

Zelenskyy reportedly at odds with central bank governor over IMF relations
Ukrainian President Volodymyr Zelenskyy is reportedly growing increasingly dissatisfied with the country's Central Bank Governor, Andriy Pyshnyy, believing he maintains excessively close ties with the International Monetary Fund.

Former Ukrainian Submarine Commander Killed in Sevastopol Explosion
A former Ukrainian submarine commander who defected to Russia was killed in an explosion in Sevastopol, with unconfirmed reports identifying the victim as a Russian serviceman. This incident follows other Ukrainian military actions, including the destruction of a Russian command post and claims of damaging air defense systems in Crimea.
Minouche Shafik resigns as UK Prime Minister's chief economic advisor
Minouche Shafik, former Bank of England deputy governor and IMF director, has stepped down from her role as chief economic advisor to the British prime minister.

Trump's Order to Reduce Child Vaccinations Draws Criticism from Health Experts
Donald Trump signed an order to reduce recommended childhood vaccinations, drawing strong criticism from health experts who deem the move dangerous and not based on scientific evidence. This decision was made amidst other unrelated news about Trump's activities.

GoldBod CEO Addresses Gold Trading and Reserve Management in Ghana
The CEO of GoldBod, Sammy Gyamfi, clarified GoldBod's role in Ghana's gold market, stating it is now responsible for buying and selling gold and has cut price discounts. He also addressed concerns about the Domestic Gold Purchase Programme and denied any losses or involvement of his bodyguards in gold trading.

US Firms Support 80/20 EPZ Rule Amidst IMF Concerns
US firms are expressing support for the 80/20 Export Processing Zone (EPZ) rule, warning that IMF curbs on the 20% local market sales limit could negatively impact the global circular economy.

IMF Warns Ghana of Elevated Financing Needs
The International Monetary Fund has cautioned Ghana about its high financing needs, citing a heavy reliance on treasury bills and significant rollover requirements in 2027-28, according to its Country Report.
IMF Official Suggests Japan Has Scope to Normalize Monetary Policy
Dan Katz, First Deputy Managing Director at the International Monetary Fund, discussed the Bank of Japan's potential steps to aid the country's currency and assessed its future monetary policy path.

IMF Urges Ghana's Central Bank to End Quasi-Fiscal Activities After Losses
The International Monetary Fund (IMF) has urged the Bank of Ghana to cease its quasi-fiscal activities following reported losses of GH¢22 billion from its Domestic Gold Purchase Programme (DGPP). An MP from Sagnarigu stated that these losses were necessary for economic recovery.

Ghana’s central bank pumped nearly $13bn into FX market in just a year, IMF says
The International Monetary Fund has disclosed that the Bank of Ghana sold $12.9 billion on the foreign exchange market in the year to end-May 2026, about $1.1 billion a month, laying bare the scale…

András Kármán Appointed to IMF Board for Hungary
András Kármán has been appointed to the International Monetary Fund's Board of Governors, replacing Márton Nagy as Hungary's representative.

IMF Warns Ghana on Fuel Subsidies: Keep Them Temporary and Targeted
The International Monetary Fund (IMF) has cautioned the Ghanaian government that its recent fuel subsidy measures must remain temporary and carefully targeted to prevent undermining the country's fiscal gains.

IMF Projects Ghana to Meet Debt Anchor by 2034
The International Monetary Fund (IMF) has projected that Ghana will achieve its debt anchor by 2034, supported by robust safeguards within the staff's fiscal space framework.

Ghanaian MP demands parliamentary briefing on IMF policy coordination instrument
Kojo Oppong Nkrumah, Ranking Member on Parliament’s Economy and Development Committee, has called on the government to brief Parliament on the International Monetary Fund’s (IMF) Policy Coordination Instrument.

Ghana's IMF-Backed Revenue Reforms Deemed to Be Failing
Economist Professor Godfred Alufar Bokpin states that Ghana's International Monetary Fund (IMF)-backed reforms have not delivered the anticipated structural improvements in domestic revenue collection. This assessment suggests the reforms are failing their intended purpose.

Ghana's economic challenges exposed after IMF program exit
A Ghanaian MP has criticized the government's economic management, stating that the completion of Ghana’s program with the International Monetary Fund has again exposed the country's economic challenges.

IMF Endorses Argentina's Economic Path Under Milei, No Further Financing Needed
The International Monetary Fund (IMF) has approved Argentina's economic direction under President Javier Milei, with the IMF director stating during her visit to Buenos Aires that the country does not require additional financing, despite remaining the largest debtor to the organization.
Egypt Secures $1.8 Billion IMF Payout
Egypt has unlocked approximately $1.8 billion in financing from the International Monetary Fund after successfully completing the penultimate review of its expanded program.

Albanian Politicians Question Proposed Serbian Consulate in Shkodër Amidst Historical Tensions
Albanian politicians are raising concerns and questioning the proposed opening of a Serbian consulate in Shkodër. Critics argue against the move, citing a lack of apology for past genocides against Albanians and questioning the principle of reciprocity without equality.

Venezuela Seeks IMF Funds for Recovery Plan
Delcy Rodríguez is in discussions with the International Monetary Fund to secure financing for Venezuela's 'Venezuela Renasce' recovery plan, announcing access to $346 million from the fund.

Pakistan's Power Sector Circular Debt Breaches IMF Conditions
Pakistan's power sector circular debt increased by Rs61bn in the last fiscal year, reaching approximately Rs1.67tr and breaching the IMF funding program's cap of Rs1.61tr.

US-Iran De-escalation Hopes Rise Amid Talks and Netanyahu-Trump Meeting
Hopes for de-escalation in US-Iran hostilities have increased following reports of ongoing talks and a meeting between Israeli Prime Minister Netanyahu and President Trump, where Iran was a primary agenda item, leading to a drop in oil prices.

IMF Approves Ghana's Final Program Review, Clears $300M Disbursement
The IMF Board has completed its sixth and final review of Ghana's ECF program, approving the country's final program review. This decision clears the way for the disbursement of over $300 million to Ghana, with the PCI described as an anchor to the reform agenda.

NASA Artemis Team Conducts Geological Training in Iceland
The NASA Artemis team is currently in Iceland for geological training, preparing for upcoming space missions.

National Philharmonic Season Features Unplayed 1957 Symphony and Bartók Work
The National Philharmonic's new season will open with a previously unplayed 1957 symphony and a Bartók piece discovered after his death, with conductor János Kovács also leading an oratorio by a composer deemed reactionary during the Rákosi era.

IMF Urges Central Banks to Strengthen AI Governance
The International Monetary Fund has called on central banks and financial regulators to enhance governance frameworks for Artificial Intelligence. This recommendation aims to mitigate financial risks associated with the rapid adoption of AI technology.
Nigerian Government Renews Commitment to IMF-Backed Reforms
Nigeria’s Federal Government has renewed its commitment to IMF-backed economic reforms, aiming for stability, stronger finances, and long-term growth.

IMF Warns Tokenisation Could Reshape Global Finance
The International Monetary Fund (IMF) has cautioned that the rapid development of tokenized finance could either strengthen the global financial system or introduce new instabilities, depending on policy decisions.

Ghanaian MP Disputes Finance Minister's Economic Management Claims
Dr. Gideon Boako, MP for Tano North, has challenged claims by Ghana's Finance Minister, Dr. Cassiel Ato Forson, that recent economic gains are solely due to superior economic management, attributing the recovery instead to an IMF program.

IMF Warns Italy on Economic Measures Amid Gulf Crisis
The International Monetary Fund (IMF) has issued a warning to Italy, urging targeted and temporary measures to counter the economic effects of the Gulf crisis, noting the country's reduced but still high public debt and 2.9% inflation.

Ghana Adopts IMF Policy Coordination Instrument for Economic Stability
Ghana is transitioning from an IMF-supported Extended Credit Facility Programme to a 36-month Policy Coordination Instrument to consolidate macroeconomic reforms and stability.

IMF Assesses 'Modest' Impact of US Tariffs on Brazil
The International Monetary Fund (IMF) has stated that the impact of US tariffs on Brazil will be 'modest,' noting that the US accounts for only 11% of Brazilian exports and many products are exempt.

Ukraine Receives Additional IMF Tranche of $690 Million
Ukraine has received an additional $690 million tranche from the International Monetary Fund (IMF). This funding provides further financial support to the country.

Unique Fossils from Limfjorden, Denmark, Could Become UNESCO World Heritage Site
Unique fossil dunes found in Limfjorden, Denmark, are being considered for inclusion on UNESCO's World Heritage List, potentially adding another natural site to Denmark's heritage.

IMF Urges France to Define Credible Budgetary Strategy
The International Monetary Fund (IMF) has called it 'urgent' for France to define a credible budgetary strategy regarding its public spending.
S&P Lifts Pakistan's Credit Rating to 'B' Citing Stability and IMF Reforms
S&P Global Ratings has upgraded Pakistan's sovereign credit rating to 'B', citing improved institutional stability and progress in implementing economic reforms under the IMF program.
IMF: AI Could Boost Nigeria's GDP by 4%
The International Monetary Fund (IMF) reports that Artificial Intelligence has the potential to increase Nigeria’s GDP by 4% over the next decade, provided there is strategic investment in digital infrastructure, skills development, and governance.

FIFA Investigates Argentina Over World Cup Final Clashes Amid Broader Event News
FIFA has launched an investigation into Argentina following clashes during the World Cup final. This comes amidst various other news surrounding the event, including security efforts, catering, attendance records, and player reactions.

Ukraine Receives $690 Million from IMF After Review
Ukraine has received an additional $690 million from the IMF following a review, bringing the total amount disbursed under the IMF loan program to $2.2 billion.
Ukraine continues to meet IMF commitments despite challenges
Ukraine's finance minister stated that the country continues to fulfill its commitments to the International Monetary Fund, despite facing an extremely challenging security and economic environment.

IMF Forecasts Global Economic Outlook, Mentions Robots and Trump
The International Monetary Fund's extensive reports on the global economy for the past and current year highlight several common denominators, noting that robots have the best chance of surviving Trump's impact. The reports identify major sources of global economic shocks.

Economist Gita Gopinath Flags IMF Study on US Tariffs' Negative Impact
Economist Gita Gopinath highlighted a new IMF study indicating that US tariffs have led to Americans paying more for lower quality imports, concluding there is 'no good news' from the findings.

Venezuela Earthquake Death Toll Exceeds 5,000; IMF Approves Recovery Funds
The death toll from recent earthquakes in Venezuela has surpassed 5,000, with thousands more reported missing and homeless. In response to the disaster, the International Monetary Fund (IMF) has approved $346 million in recovery funds for the country.

Andy Burnham Becomes Labour Leader, Vows New Direction for UK
Andy Burnham has been elected as the new leader of the Labour Party, with many articles speculating on his potential to become the next Prime Minister. He has vowed to bring back hope and set a new direction for the UK, emphasizing social justice.

Ukraine's New Prime Minister Serhii Koretskyi Makes First Call to IMF
Ukraine's newly-appointed Prime Minister Serhii Koretskyi has made his first international call to the International Monetary Fund, following his appointment to lead the new government tasked with preparing the country for winter and stabilizing the energy grid.

Economist Olivier Blanchard Criticizes France's Flawed Budget Process
Former IMF chief economist Olivier Blanchard has stated that France's budget process is flawed, increasing the risk of a debt crisis, and proposed six principles for its modernization.

IMF warns global oil buffers are depleting amid Middle East conflict
The International Monetary Fund (IMF) has issued a warning that the global oil market faces significant risks as critical shock absorbers are rapidly diminishing following recent conflicts in the Middle East.

Lithuanian Symphonic Wind Orchestra Triumphs at Valencia Competition
The Lithuanian Symphonic Wind Orchestra (LSPO) triumphed in the professional category at the 138th International Wind Orchestra Competition 'Certamen Internacional de Bandas de Música Ciudad de València' in Spain on July 15.

IMF Warns Europe Faces Fiscal Squeeze from Rising Spending Demands
The IMF has warned that European governments face an unprecedented financing challenge due to increasing spending demands related to ageing populations, the energy transition, and defence, which threaten to strain public finances.
IMF warns Europe about public debt risk
The International Monetary Fund (IMF) has warned that the dynamics of public debt in Europe could spiral out of control if governments do not take immediate and comprehensive measures to stabilize public finances.

Ex-IMF Adviser Doubts Plaza Accord-Style Dollar Coordination
A former IMF adviser suggests that Plaza Accord-style exchange-rate coordination is currently unfeasible, despite rising concerns over the dollar-centric monetary system, as central banks prioritize domestic objectives.

IMF Warns Public Sector Growth Masks Private Sector Weakness in Luxembourg
According to the International Monetary Fund (IMF), the growth of the public sector in Luxembourg is obscuring underlying weaknesses in the private sector. Productivity, investments, and the overall business climate remain subdued.

IMF Downgrades Global Growth Forecast for Second Consecutive Time
The International Monetary Fund has downgraded its global growth prospects for the second time this year, now expecting the global economy to grow by just 3 percent in 2026.
Five Experiences Around Limfjorden Highlighted in New Book
A new book guides readers to 111 experiences around Limfjorden, with Politiken featuring an excerpt of five notable attractions. These include historical bunkers, traditional sweets, and craft beers.

Serbian Economic Measures Signal Upcoming Elections
Ivan Radak, editor-in-chief of Forbes Serbia, stated that announced one-off payments to pensioners and potential payments to adults indicate that elections are imminent, and the IMF lacks mechanisms to prevent these measures.

World Bank and IMF Loans Reshaping Policymaking in Africa
As African governments face increasing debt pressures, they are re-evaluating the implications and trade-offs of concessional financing from institutions like the World Bank and IMF on their policymaking.
NASA Scientists to Study Solar Eclipse from Iceland
NASA astronauts and scientists will conduct research on the Snæfellsnes peninsula in Iceland during a solar eclipse in August.

IMF No Longer Worried About Middle East Conflict Causing Recession
The International Monetary Fund (IMF) has revised its global economic growth forecasts downwards for the current year but is no longer concerned that the Middle East conflict will cause a recession.

IMF Warns Rising Costs Will Push More Nigerians into Poverty
The International Monetary Fund (IMF) has warned that the rising cost of essential goods and services is expected to push more Nigerians into poverty. This forecast highlights growing economic challenges for the country's population.
IMF Raises South Korea's Growth Forecast, Citing AI Boom
The International Monetary Fund has significantly raised its growth forecast for South Korea, attributing the upward revision primarily to the booming artificial intelligence sector.
IMF Maintains Growth Outlook, Citing AI's Offset to War and Oil Shocks
The International Monetary Fund has kept its global growth forecast stable, noting that the surge in Artificial Intelligence is helping to offset economic pressures from war and oil price shocks.
Iran war will leave an inflation scar on the U.S. through 2027, IMF says
The conflict with Iran hasn’t hurt the U.S. and global economies as much as expected, but it will leave a lasting legacy: Another bout of high inflation that won’t disappear quickly.

IMF Predicts North Macedonia to be 7th Fastest-Growing Economy in Europe by 2031
According to an IMF analysis, North Macedonia is projected to be the seventh fastest-growing economy in Europe by 2031, as smaller economies, including the Western Balkan six, are expected to outpace the Eurozone's growth.
IMF Ranks Ukraine Among Europe's Fastest-Growing Economies
The International Monetary Fund has surprisingly placed Ukraine among the top three fastest-growing economies in Europe, projecting an average growth rate of 3.8% for the country despite ongoing conflict.

Afenyo-Markin Raises Concerns Over GoldBod Losses and Scandal
Ghanaian politician Afenyo-Markin has voiced serious concerns about the GoldBod initiative, citing an IMF report that indicates $1.7 billion in losses and labeling it a potential major scandal.

Ghana Gold Board Denies GH₵1.7 Billion Loss
An Associate Professor of Development Economics at the University of Ghana, Prof Ebo Turkson, has rejected claims that the Ghana Gold Board (GoldBod) incurred a US$1.7 billion loss, stating the figure cited by the IMF relates to other matters.

Curonian Spit Festival Closes with Beethoven's Fifth Symphony
The 28th "Curonian Spit" chamber music festival will conclude on August 14 with a special concert dedicated to Wolfgang Amadeus Mozart's 270th birth anniversary, featuring works by Mozart, Ludwig van Beethoven, and other composers.

28th Curonian Spit Chamber Music Festival Concludes with Beethoven's Fifth Symphony
The 28th 'Curonian Spit' Chamber Music Festival will conclude on August 14th with a special concert featuring works by Mozart, Beethoven, Dārziņš, and Cuong, dedicated to Wolfgang Amadeus Mozart's 270th birth anniversary.
Sri Lanka Reduces Reliance on Foreign Debt Under IMF Program
Sri Lanka is actively working to reduce its dependence on foreign borrowing and short-term bills. The nation aims to raise more money domestically through longer-term bonds, making its debt more sustainable under an International Monetary Fund program.

Gala Sevdah Concert to be Held in Zenica
A gala sevdah concert featuring 12 soloists and a symphony orchestra will be held on August 29 at the Bosnian National Theater in Zenica, organized by the Government of ZDK, to mark Zenica-Doboj Canton Day.

IMF Urges Ghana to Maintain Quarterly Electricity Tariff Adjustments
The International Monetary Fund has called on Ghana to continue its quarterly adjustments of electricity tariffs to mitigate fiscal risks within the nation's energy sector.

IMF Cautions Ghana on Energy Sector Despite Debt Reduction
The International Monetary Fund (IMF) cautioned Ghana over its energy sector, noting that despite progress in reducing energy debt, the sector's shortfall remains substantial, estimated at US$1.1 billion in 2026.

IMF-Backed Reforms Must Address Ghana's Energy Crisis and SOEs
Professor Bokpin warns that IMF-backed reforms in Ghana must specifically target the nation's persistent energy crisis and improve policy coordination within state-owned enterprises like ECG.

IMF Upgrades Ghana's Debt Distress Risk to Moderate
The International Monetary Fund (IMF) has upgraded Ghana's risk of debt distress to moderate, attributing the improvement to continuing macroeconomic and exchange rate stability and a clearer fiscal outlook, as stated in its Country Report on Ghana.
IMF Appoints Silvana Tenreyro as Chief Economist
The International Monetary Fund (IMF) has named Silvana Tenreyro, originally from Tucumán, as its new chief economist.

Hungary Replaces Representative at IMF
Magyar Péter has dismissed Márton Nagy from his position at the International Monetary Fund (IMF) and appointed András Kármán as the new deputy governor representing Hungary. This move signifies a change in Hungary's representation within the international financial institution.
Ghana Made $1.9 Billion Loss on Gold Purchases in 2025, IMF Says
Ghana’s central bank incurred losses of 22 billion cedis ($1.9 billion) in 2025 under a domestic gold purchase program aimed at boosting the country’s foreign-exchange reserves.

IMF Backs Slower Fiscal Tightening for Ghana
The International Monetary Fund (IMF) supports a more flexible fiscal approach for Ghana from 2027, allowing for increased development spending while still meeting long-term debt reduction goals.

Gideon Boako Urges Ghana Government Reforms Citing IMF Report
Dr. Gideon Boako, Deputy Ranking Member of Parliament’s Finance Committee, invoked the International Monetary Fund’s (IMF) latest assessment of Ghana’s economy to press the government on the need for reforms, stating that 'stability is not development'.

Ghana's Youth Unemployment Remains High at 30%
Youth unemployment in Ghana continues to be stubbornly high at approximately 30%, while the World Bank estimates poverty (measured at $3 a day) modestly declined to 37.1% in 2025, reflecting disinflation and growth in agriculture and services.

Government Unveils Plan for 90% Clean Electricity
The government has announced a new plan aimed at achieving 90% clean electricity, though a minister noted that IMF restrictions are hindering the implementation of flexible power tariffs.

Gideon Boako Questions Government's Economic Resilience Claims
Gideon Boako has questioned the government's claims of economic resilience following Ghana's exit from the IMF program, arguing that fiscal consolidation measures have suppressed development. He highlighted concerns about the impact on the nation's economic growth.

Ukraine Strikes Russian Targets, Including Wildberries Warehouse and Energy Infrastructure
Ukraine launched drone attacks on multiple Russian targets, including a Wildberries warehouse in the Vladimir region and a technological university, while Russia simultaneously attacked energy infrastructure in six Ukrainian regions. These strikes resulted in casualties and widespread power outages.

IMF Urges Pakistani Provinces to Hike Taxes by Rs430 Billion
The International Monetary Fund (IMF) has urged Pakistani provinces to increase their tax revenue by Rs430 billion, with each province contributing according to its respective share under the NFC Award.

Pakistan Cabinet Rejects Ban on Rich Purchases
Pakistan's cabinet has rejected proposals to ban purchases of cars, property, and stocks for ineligible persons, despite commitments made to the IMF.
IMF Officials Visit Venezuela After Two Decades
A high-level delegation from the International Monetary Fund is visiting Venezuela for the first time in over two decades, as the government seeks to normalize relations with multilateral lenders.

IMF Forecasts Macau Economic Slowdown to 3.3%
The International Monetary Fund (IMF) predicts that Macau's economic growth will decelerate further to 3.3%, with a recovery in investment expected to offset the slowdown.

Humanitarian Appeal Launched for 8-Year-Old Sofija Stikić Needing Stem Cell Transplant
A humanitarian foundation in Serbia is raising funds for eight-year-old Sofija Stikić, who has been diagnosed with malignant lymphoma and requires a stem cell transplant.

Ghana Successfully Completes IMF Program, Signifying Economic Stability
Ghana has successfully completed its Extended Credit Facility (ECF) program with the IMF, a move the Finance Ministry states reflects significant progress in ensuring economic stability. The IMF described Ghana's program as broadly satisfactory.
Crimeans Held Incommunicado in Simferopol Detention Center
At least 56 Crimeans are reportedly being held incommunicado by Russian authorities in Detention Center No. 2 in Simferopol, with 20 separate cells used for complete isolation.
IMF Head Kristalina Georgieva Discusses Argentina's Economy, No Additional Funding Foreseen
IMF head Kristalina Georgieva held a press conference with Economy Minister Caputo in Argentina, stating that the IMF does not foresee the need for additional funding for the country.
IMF Chief Visits Argentina as 2027 Debt Hurdle Approaches
The head of the International Monetary Fund is visiting Argentina as the country faces a significant debt hurdle looming in 2027.

IMF Board to Approve Ghana's Final Programme Review
The International Monetary Fund's Executive Board is expected to meet today to consider and approve Ghana’s sixth and final review under the Extended Credit Facility programme.

Nobel Laureate Simon Johnson on AI Race and China's Over-Automation
MIT professor and Nobel laureate Simon Johnson discusses the global AI race and China's 'over-automation' problem, drawing on his expertise as a former chief economist of the IMF.

Diverse Political and Economic Discussions Across Europe
Various political and economic topics are being discussed across Europe, including potential full-scale conflict with Iran, calls for resistance from Hungarian leaders, and debates on EU regulations for online marketplaces and Ukraine's accession.

Documentary Film 'Spomenik' Explores Post-Apocalyptic Symphony
A documentary film titled 'Spomenik' (Monument) explores reflective metal surfaces that resemble a spaceship wreck in indifferent forests, finding the central axis of the film in the rift between revolutionary ambition and contemporary ruin.

IMF Commends Italy's Fiscal Progress, Urges Acceleration
The International Monetary Fund (IMF) has commended Italy's progress on fiscal consolidation but urged the country to accelerate its efforts. The IMF's assessment highlights both achievements and areas for further improvement in Italy's economic policies.

Nobel Economist Simon Johnson Discusses US Policies and AI Risks
Nobel laureate Simon Johnson, a professor at MIT and former IMF chief economist, shared his perspectives on anti-China and anti-science sentiments in the US, as well as the potential risks associated with artificial intelligence.

Ghana Nears IMF Exit as Fiscal Targets Are Met
Ghana is on track to exit its IMF bailout program next week, with Finance Minister Ato Forson crediting the country's economic recovery to superior economic management and the achievement of fiscal targets. The IMF Executive Board is expected to approve Ghana's final review soon.

Economic Impact of Protests: Historical Data Shows Disruptions
Historical data suggests that social unrest and protests can significantly disrupt economic activity by negatively affecting consumer confidence, business sentiment, and investor behavior, according to the IMF.

Pakistan Seeks $10 Billion from US for Currency Stabilization
Pakistan's Finance Minister has requested $10 billion from Scott Bessent for a "currency stabilization mechanism" to alleviate pressure from the IMF, following Pakistan's role in mediating negotiations.

Swiss Cantons Warn Travelers About Invasive Japanese Beetle
The cantons of Basel-Stadt and Basel-Landschaft are warning holiday returnees to thoroughly check their luggage and cars for the invasive Japanese beetle. The beetle is currently in its main flight period, posing a risk of being brought into Switzerland.

S&P Upgrades Pakistan's Credit Rating to 'B', Highest in Eight Years
S&P Global Ratings has upgraded Pakistan's sovereign credit rating to 'B' from 'B-', marking its highest level in eight years, citing stronger institutional capacity and sustained implementation of IMF reforms.

Ghana Government Criticized for Early Borrowing Post-IMF Program
The Ghanaian government is facing criticism for resorting to borrowing too soon after its IMF program, particularly to fund initiatives like Free SHS. Critics argue this sends a wrong signal about fiscal management.

IMF to Disburse $690 Million Loan to Ukraine
The International Monetary Fund (IMF) is set to disburse approximately $690 million to Ukraine in the coming days. This loan will provide crucial financial support to the country.

Commentary on Financial Risks of New Technologies
Barry Eichengreen, a professor of economics and political science at UC Berkeley and former IMF senior policy advisor, provides a commentary on the financial implications and market security of radical new technological advancements.

Major tech firms face new regulatory scrutiny for financial services
Large technology firms are increasingly encroaching on traditional banking, prompting the International Monetary Fund (IMF) to demand a comprehensive overhaul of how these conglomerates are policed…
Bangladesh Negotiating New $5 Billion IMF Loan
Bangladesh is currently in discussions with the International Monetary Fund (IMF) to secure a fresh loan package amounting to $5 billion.

Panel to Shortlist IMF Senior Adviser Candidates
A panel is set to select a senior adviser for a Washington-based post at the International Monetary Fund, with three joint secretaries already shortlisted for the position.
Venezuela requests $346 million from IMF after earthquake
Relations between the left-wing authoritarian Maduro regime and the international lender had been frozen for several years prior.

Latvia's Budget Revenue Increase Recommended by IMF
The International Monetary Fund (IMF) has concluded that Latvia needs to increase its budget revenues in the coming years, as reducing state spending alone will not be sufficient.
Serbian Government Hires Consultant for Belgrade City Finance Analysis
The Serbian government has engaged an external consulting firm, Ernst & Young, to conduct a detailed analysis of Belgrade's city finances by September, fulfilling a commitment made to the International Monetary Fund (IMF).

IMF Warns Andy Burnham Against Increased Public Spending
The International Monetary Fund (IMF) has cautioned Andy Burnham, the Mayor of Greater Manchester, against increasing public spending. The IMF advises that such hikes would be unaffordable.

Experts fault privatization of government services 40 years after Nigeria's SAP
Forty years after Nigeria adopted the IMF-induced Structural Adjustment Programme (SAP), leading economists and civil society leaders criticize the privatization of government services, arguing that the country is still pursuing the wrong solutions.

IMF, President Tinubu, and Nigeria's Transparency Challenge
An article discusses the transparency challenges facing Nigeria's current budget, drawing parallels to the legacy of human rights lawyer Gani Fawehinmi. It examines the roles of the IMF and President Tinubu in this context.
Officials Indicate New IMF Loan for Bangladesh May Arrive in January
Bangladeshi officials have suggested that a new loan from the International Monetary Fund (IMF) could be disbursed as early as next January.

IMF Warns of Global Inflation Surge Due to Potential Iran War
The International Monetary Fund (IMF) has cautioned that the global economy could face a sharp slowdown by 2026 and a new wave of inflation if a war against Iran disrupts energy supply chains and raises commodity prices.

IMF Warns Europe: Public Debt Could Reach 130% of GDP by 2040 Without Reforms
A new study by the International Monetary Fund (IMF) warns that European public debt could surge to 130% of GDP by 2040 if deep structural reforms and fiscal adjustments are not implemented. The IMF highlights that rising public spending threatens the long-term sustainability of government finances.

World Bank Launches New Report on Fiscal Federalism in Pakistan
The World Bank has released a new report on fiscal federalism, presenting it as a fresh diagnosis of Pakistan's economic challenges, following the IMF's recent report on governance.
Finance Minister Emphasizes Public Interest Protection in New IMF Program
A finance minister has asserted that any new program implemented by the International Monetary Fund must prioritize and safeguard the public interest.
IMF's New Loan Programme May Begin in January Next Year
The International Monetary Fund's (IMF) new loan programme is anticipated to commence in January of the upcoming year, according to reports from The Daily Star.

IMF Lowers Global Growth Outlook Citing War in Iran
The International Monetary Fund (IMF) has revised its 2026 global economic growth forecast downwards, citing the ongoing war in Iran as a primary reason for the adjustment, now expecting global growth to reach 3.0 percent.
IMF Lowers Mexico's Economic Forecast
The International Monetary Fund has reduced its economic forecast for Mexico, citing global uncertainties and the Middle East conflict, a move immediately challenged by Economy Minister Edgar Amador.

Central Bankers' Silence on Digital Currency Agenda Raises Questions
An analysis piece questions why central bankers have become notably silent regarding the digital currency agenda, referencing globalist institutions like the WEF, IMF, and BIS.

IMF: Connectivity, Reforms Key to Expanding GCC-Central Asia Trade
The International Monetary Fund (IMF) states that trade and investment between the Gulf Cooperation Council (GCC) and countries in the Caucasus and Central Asia (CCA) remain below their potential, emphasizing that improved connectivity and reforms are key to expansion.

Pakistan's PSDP spending surpasses revised allocation by Rs92b
Pakistan's Public Sector Development Programme (PSDP) spending has exceeded its revised allocation by Rs92 billion, with key ministries surpassing budget authorizations, which puts the IMF-mandated primary surplus target at risk.

IMF Maintains Low Global Growth Forecast Amidst Middle East Risks
The International Monetary Fund (IMF) has reiterated its low global growth forecast, keeping it at 3.5% for 2026, and continues to warn of heightened price volatility due to renewed conflict in the Middle East. This follows an earlier reduction of its 2026 forecast to 3%, citing lingering risks from geopolitical factors and anticipating weaker growth in Germany.
US-Iran war impact: IMF lowers India’s GDP growth forecast marginally
According to the IMF, the global economy has so far avoided a steeper slowdown despite the war, as strong demand linked to the technology sector has helped offset the impact of reduced energy…

Premiere of 'Europe Symphony' at Grad Teatar with Nikčević and Bulatović
The music program of 'Grad teatar' will feature the premiere performance of 'Europe Symphony' by Darko Nikčević and Srđan Bulatović, who will perform with the Bokeljski Symphony Orchestra.

Economists Urge US to Lift Sanctions on Venezuela Following Earthquakes
Over 100 economists have called on the United States to lift sanctions on Venezuela and for the IMF to restore Caracas' access to funds, citing the urgent human emergency after recent earthquakes.

IMF Assesses Belgrade as a Fiscal Risk for Serbian Budget
The International Monetary Fund (IMF) has assessed Belgrade as a "fiscal risk" for the Serbian national budget, leading the Serbian government to allocate 1.2 million euros to the city due to "unforeseen needs."
IMF to Visit Uganda for New Programme Negotiations
The International Monetary Fund (IMF) is scheduled to visit Uganda next month to engage in negotiations for a new financial programme.

Lymphatic Walking Emerges as New Wellness Trend
Lymphatic walking, a new wellness trend combining walking with deep breathing and arm movements to stimulate lymph, is gaining popularity.

Lymphatic Walk Emerges as New Wellness Trend
A 'lymphatic walk,' described as a simple habit of walking at a conversational pace with good posture, is gaining popularity as a new wellness trend, offering benefits without requiring strenuous effort.

Pakistan Exceeds IMF Primary Surplus Target, Federal Deficit Narrows
Pakistan's government has surpassed its primary surplus target set by the IMF, recording a Rs3.63 trillion surplus and narrowing the federal deficit to Rs4.8 trillion.

Hamburg Court Rules Journalist Can Accuse NGO of "Unclean" Figures on Anti-Muslim Hostility
The Hamburg Regional Court has ruled that journalist Sascha Adamek is permitted to accuse the publicly funded NGO "Claim" of making exaggerated claims about anti-Muslim incidents. The NGO had taken legal action against Adamek, but the court sided with the journalist.

Pakistan's Federal Debt Reaches Rs83.6 Trillion, 75% Increase in Four Years
Pakistan's federal debt has climbed to Rs83.6 trillion, marking a 75% increase over the past four years despite higher taxes and multiple International Monetary Fund (IMF) programs.

IMF Lowers Lithuania's Economic Growth Forecast
The International Monetary Fund (IMF) has lowered its economic growth forecast for Lithuania this year by 0.1 percentage points to 2.8 percent.

IMF Advises Bank of Ghana on Policy Rate Cuts
The International Monetary Fund (IMF) has advised the Bank of Ghana (BoG) to exercise caution with further policy rate cuts, warning that easing could shift monetary policy from neutral to accommodative, which is not currently warranted.

Ghanaian Economist Warns of Fiscal Risks and IMF Return Due to ECG Inefficiencies
Economist Prof. Godfred Bokpin has called for greater transparency on Ghana's electricity sector reforms, warning that persistent financial challenges and inefficiencies within the Electricity Company of Ghana (ECG) could lead the country back to the International Monetary Fund for financial intervention.

Commentary on IMF's Role in National Economies
This article discusses the role of the IMF, arguing that it should not become a permanent fixture in a nation's economic health, drawing an analogy to a family living permanently in an emergency ward.

Liepāja Symphony Orchestra's 'Rimbenieks' Festival
The Liepāja Symphony Orchestra musicians are embarking on their sixth annual musical journey through the South Kurzeme region with the 'Rimbenieks' festival, a recognized cultural event aiming to bring high-quality classical music to the area.

IMF advises government on merit-based SOE appointments
The International Monetary Fund has recommended that government board appointments for State-Owned Enterprises should be based solely on merit, also suggesting a strategic review of the SOE portfolio.

IMF Report Reveals Bank of Ghana's $1.7 Billion Gold Purchase Losses
An IMF report has revealed that the Bank of Ghana incurred $1.7 billion in losses from its gold purchase program, a figure eight times higher than the previously reported $214 million. Gideon Boako has cited the report and questioned GoldBod about these significant losses.

IMF Warns Ghana on Gold Dependence
The International Monetary Fund has cautioned that Ghana's growing reliance on gold exports leaves its economy dangerously exposed to risks.

Ghana Lost $11.4 Billion to Gold Smuggling, IMF Reports
According to an IMF Ghana Selected Issues Paper, Ghana lost an estimated US$11.4 billion in gold due to smuggling activities between 2019 and 2024. The report was prepared as background documentation for Ghana's 2026 Article IV Consultation.

IMF Praises Ghana's Macroeconomic Progress, Notes Remaining Vulnerabilities
The IMF acknowledged Ghana's significant progress towards macroeconomic stabilization and debt sustainability, attributing it to the ECF arrangement, while also highlighting persistent vulnerabilities.

Train Derails Near Erkelenz on Commute from Internship
A train derailed on Monday evening near Erkelenz, Germany, during what began as a routine commute home from an internship in Düsseldorf.

IMF Concludes Annual Meeting in Belgrade
The International Monetary Fund (IMF) concluded its annual meeting in Belgrade on August 2nd, with participants looking forward to next year's event.
IMF Urges Guyana to Resolve Exxon Cost-Oil Disputes
The International Monetary Fund (IMF) has called on Guyana to resolve its cost-oil disputes with Exxon and strengthen oversight of the oil sector. This recommendation aims to improve financial transparency and management.
Yen Strategists Analyze IMF Rules for Japan's Next Currency Move
Strategists are examining the International Monetary Fund's technical guidelines to anticipate Japan's upcoming actions regarding the yen.

Cape Verdean Politician Accuses Former Government of Misleading IMF
Francisco Carvalho has accused the previous Cape Verdean government of deceiving the IMF and producing falsified data, citing discrepancies in initial budget allocations.

Dubrovnik Symphony Orchestra Performs Two Concerts at Summer Festival
In the final days of July, the Dubrovnik Symphony Orchestra held two concerts at the Dubrovnik Summer Festival, one dedicated to the 120th birth anniversary of Boris Papandopulo and the other featuring a premiere of a new Croatian work.

IMF Acknowledges Bank of Ghana's End to Government Financing
The International Monetary Fund (IMF) has recognized the corrective measures taken by the Bank of Ghana (BoG) to cease financing the government, following a temporary breach of lending limits.

Former Minister Credits Akufo-Addo Administration for Ghana's IMF Recovery
Former Ghanaian Minister Andrew Egyapa Mercer credited the administration of former President Nana Addo Dankwa Akufo-Addo with laying the groundwork for Ghana's successful completion of its IMF recovery path.
IMF Urges Stronger AI Oversight to Curb Financial Risks
The IMF has warned that the growing role of AI in finance could create systemic risks, urging regulators to reinforce governance frameworks for AI-related financial risks.

Wheat import decision sparks farmer protests in Punjab
Farmers in Punjab are protesting the government's decision to import wheat, stating that their local crops remain unsold due to IMF reforms affecting government procurement.

Ukrainian Forces Strike Thermal Power Plant in Simferopol, Crimea
Ukrainian forces concentrated strikes on Crimea, attacking a thermal power plant in Simferopol, which resulted in a fire. Military experts suggest Russia paid a high price for poor planning.
Senator Omtatah Challenges IMF and World Bank Immunity Law in Court
Busia Senator Omtatah, along with two activists, has filed a court challenge against the Bretton Woods Agreements Act, which grants immunity to the IMF and World Bank.

Pakistan's Economy Faces Inflation and Fiscal Pressures
A think tank warns that Pakistan's economy is threatened by rebounding inflation and fiscal pressures, with increasing government borrowing crowding out private investment and requiring a policy shift from IMF-mandated stabilization.

Serbian President Vučić Anticipates High Economic Growth for Serbia
Serbian President Aleksandar Vučić expressed hope that Serbia will rank among the top three European countries for economic growth this year, and potentially first next year, citing IMF forecasts.

Deadly Clashes and Arrests Escalate in West Bank
Deadly violence has escalated in the West Bank, with clashes between Israeli settlers and Palestinians resulting in multiple fatalities and injuries. Following a deadly shooting and an attack on an off-duty soldier, Israeli forces conducted extensive operations, arresting over 70 terror suspects.

Turkey's Economic Plan to Benefit from War Against Iran
Turkey is reportedly developing an economic plan to capitalize on a potential war against Iran, which the IMF estimates has already caused $600 billion in damages to Iran and led to 7% job losses. This strategy aims to benefit from the economic fallout in the region.

Russian Missile Strike on Kyiv Region Defense Event Kills 10, Injures 100
A Russian ballistic missile strike on a private training ground near Kyiv, where a defense event was taking place, resulted in 10 deaths and approximately 100 injuries. Ukraine has launched an investigation into the deadly attack.

Ato Forson Defends Ghana's IMF Program and Fiscal Discipline
Ghana's Finance Minister, Ato Forson, defended the government's adherence to IMF program targets and emphasized the need for fiscal discipline to prevent economic collapse. He also announced that the Women's Development Bank is set to begin operations before the end of 2026.

Former IMF Chief Economist Rogoff Predicts Long, Senseless War
Kenneth Rogoff, former chief economist of the IMF, expressed pessimism about the ongoing conflict, describing it as 'senseless and without exit' and predicting a prolonged crisis due to the deep animosity between the warring parties.

Pakistan Finance Minister Reviews Macroeconomic Performance with IMF Officials
Pakistan's Finance Minister met with International Monetary Fund (IMF) officials to review the country's macroeconomic performance and progress on reforms. The minister reaffirmed the government's commitment to economic transformation.

Ghana's Majority Dismisses Opposition Claims on Fiscal Surplus
The Majority in Ghana's Parliament has rejected claims by the opposition NPP that the government's fiscal gains are solely due to expenditure cuts, asserting that improving economic indicators are backed by the IMF.

France's Debt Situation Declared 'Worrying and Even Serious'
French Prime Minister Lecornu has acknowledged that the country's debt situation is 'worrying and even serious,' with the IMF and OECD also raising alarms about public finances.

Ghana Seeks New $1 Billion Loans Weeks After Exiting IMF Program
Ghana's Mahama administration is seeking parliamentary approval for nearly $1 billion in fresh loans, just nine weeks after the country exited its International Monetary Fund (IMF) Extended Credit Facility (ECF) programme, prompting questions about its fiscal strategy.
IMF: AI Could Boost Sub-Saharan Africa's GDP by 4% with Infrastructure Improvements
The International Monetary Fund (IMF) projects that artificial intelligence could add 4% to the GDP of Nigeria and Sub-Saharan Africa, provided there are significant improvements in power and internet infrastructure. This highlights the potential for AI to drive economic growth in the region.
IMF Warns of Oil Prices and Monsoon Risks to India's FY27 GDP Growth
The International Monetary Fund has identified rising oil prices and a weak monsoon season as the biggest risks to India's projected GDP growth for fiscal year 2027.
Icelandair Flight from Gothenburg Canceled Due to Minor Malfunction
An Icelandair flight from Gothenburg was canceled yesterday due to a minor aircraft malfunction, delaying the return of Icelandic passengers.
IMF Pushes for Banking Reforms and Tax Boost in New Loan Program
The International Monetary Fund (IMF) is advocating for significant banking reforms and increased taxation as part of a new loan program.

Venezuela Earthquake Death Toll Exceeds 5,000; IMF Releases Aid
The death toll from the recent earthquake in Venezuela has surpassed 5,000, with thousands more displaced and 50,000 still missing. In response to the disaster, the International Monetary Fund has released emergency aid to the affected nation.
Bangladesh Finance Minister Announces Phased IMF Reforms
Bangladesh's finance minister stated that reforms under the International Monetary Fund (IMF) program will be implemented in phases. This aims to ensure a smooth transition and effective execution of the economic adjustments.

Arise TV's Rufai Oseni Weeps Over Nigeria's Economic Decline
Nigerian TV personality Rufai Oseni of Arise TV expressed distress over Nigeria's economic state, lamenting its transformation from a nation capable of funding the World Bank and IMF to one of the world's most persistent borrowers.

China's Xi Jinping Calls for Open Global AI Governance, Challenges US Dominance
Chinese President Xi Jinping advocated for an open and fair global AI governance system, emphasizing that no single country should dominate the technology. He also called for international cooperation and support for developing nations in the AI sector, implicitly challenging US leadership and restrictions on China's tech access.

O besmrtnosti muzike i duha
MUZIČKA KRITIKA: Nastup Akademskog hora Ivan Goran Kovačić iz Zagreba, uz Bokeljski simfonijski orkestar na svečanom otvaranju jubilarnog KotorArta

IMF Discusses New Programme with Bangladesh, Forecasts Slower Growth
The International Monetary Fund (IMF) has announced upcoming talks with Bangladesh regarding a new programme, while also forecasting a slowdown in the country's economic growth.

Angela Gheorghiu to Perform at 'Autumn Symphonies' Festival in Suceava
Suceava is set to host the highly anticipated 'Autumn Symphonies' cultural event, featuring a performance by Angela Gheorghiu, marking a historic 13th edition of cultural excellence in Bucovina.

Biography Published for Composer Imants Kalniņš' 85th Birthday
A new biography titled 'Zvaigžņu ielas simfonija' has been published to celebrate the 85th birthday of Latvian composer Imants Kalniņš. The book, authored by Linda Apse, covers his creative life.
IMF Warns Europe About 'Explosive' Debt Development
The International Monetary Fund (IMF) has issued a warning to European nations regarding the potentially 'explosive' development of their national debts, urging them to implement reforms without delay.

IMF Reports Highlight Fiscal Discipline Concerns
Reports from the International Monetary Fund are frequently perceived by governments, analysts, and citizens as urgent warnings regarding fiscal discipline.
Bangladesh Finance Minister: IMF Program Reforms to Be Phased In
Bangladesh's Finance Minister announced that reforms under the International Monetary Fund (IMF) program will be implemented in a phased manner. This approach aims to gradually introduce the changes required by the IMF agreement.
IMF Reviews Bad Loans and Bank Reforms in Bangladesh
The International Monetary Fund (IMF) is reviewing the issue of bad loans and bank reforms in Bangladesh as part of its loan package to the country.

PTI Criticizes Fuel Price Hike and Wheat Crisis in Pakistan
Pakistan's PTI party has criticized the recent hike in fuel prices, which is linked to the end of IMF levy relief, and the ongoing wheat crisis. The party expressed strong disapproval of the government's handling of these economic issues.

Forbes Serbia Weekly Review: Government Promises to IMF and Energoprojekt Owner
Forbes Serbia's weekly review highlights how the government has 'fulfilled' its promises to the IMF and the owner of Energoprojekt, covering the most-read news from their website.

IMF Reports Resilient Global Growth Despite Middle East War
The International Monetary Fund (IMF) indicates that the global economy is proving more resilient than anticipated, with growth projections holding steady despite the ongoing conflict in the Middle East.

IMF Raises GDP Growth Forecasts for Thailand and Poland
The International Monetary Fund (IMF) has revised its GDP growth forecasts upwards for both Thailand and Poland. This indicates a more optimistic outlook for the economic performance of these two countries.

VMRO-DPMNE and SDSM Clash Over IMF Economic Forecasts for North Macedonia
VMRO-DPMNE accuses SDSM of selectively interpreting economic data and creating pessimism, while the ruling party states that IMF forecasts are not final results but expectations, still predicting stability for North Macedonia's economy.

IMF Lowers Global Economic Growth Forecast Due to Iran War
The International Monetary Fund (IMF) has revised its global economic growth forecast down to three percent, attributing the reduction to the ongoing conflict in Iran. This represents a decline from previously planned projections.

IMF cuts 2026 world growth forecast, citing Iran war fallout
Global economy to grow 3 percent in 2026, as AI demand partly offsets energy shock from Iran war, IMF says.
IMF Lowers 2026 World Growth Forecast
The International Monetary Fund (IMF) has revised down its forecast for global economic growth in 2026.

Strait of Hormuz Tensions Escalate, Impacting Shipping, Oil Markets, and Global Economy
Nearly 6,000 seafarers are trapped in the Strait of Hormuz, prompting calls for de-escalation. The ongoing flare-up, marked by attacks on tankers and US military actions in Iran, has put the oil market on edge, caused oil prices to rise, and led to a drop in crypto prices. Speculators predict normal traffic flows may not resume until 2027, with the IMF warning of lasting inflation scars on the US economy through 2027 due to the conflict.

IMF Appoints Silvana Tenreyro as Next Chief Economist
The International Monetary Fund (IMF) has named former Bank of England policymaker Silvana Tenreyro as its next chief economist, making her the second woman to hold the prominent role.

Latvian Government Approves Merger of National Symphony Orchestra and Choir
The Latvian government has approved a Ministry of Culture initiative to merge the Latvian National Symphony Orchestra and the "Latvija" academic choir into a single entity.