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IMF board concludes reviews for Ecuador, unlocking $1b
The International Monetary Fund executive board said Friday it had concluded its fourth and fifth reviews for Ecuador's 27-month Extended Fund Facility (EFF), allowing for the immediate disbursement of about $1 billion.
Sri Lanka opens IMF talks, begins shutdown
Sri Lanka closed schools and halted all non-essential government services on Monday, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund opened talks with Colombo on a possible bailout.
IMF extends Somalia funding following election
The International Monetary Fund (IMF) has agreed to extend the duration of a crucial aid package to Somalia, a senior official said, following a long-overdue presidential election last weekend.
IMF lifts weighting of Chinese yuan in SDR basket
The International Monetary Fund said it has increased the weighting of the Chinese yuan in its review of the currencies that make up the valuation of its Special Drawing Rights (SDR), an international reserve asset.
OPEC tells IMF oil price rally mainly due to geopolitics
OPEC told the International Monetary Fund's steering committee that the surge in oil prices was largely due to the Ukraine conflict, in the latest signal that the producer group would not take further action to add supply.
World Bank, IMF, WTO leaders urge quick action to address food security
The leaders of the International Monetary Fund, World Trade Organization and the World Bank called for quick work on a new action plan on food security to be prepared by international financial institutions.
IMF expects Iran economy to keep growing in 2022
The International Monetary Fund (IMF) expects the Iranian economy will continue to grow in 2022 despite continued pressure on the country because of American sanctions and the economic impacts of the coronavirus pandemic.
IMF cuts global growth forecast
The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, warning that inflation was now a "clear and present danger" for many countries.
IMF, Lebanon reach draft funding deal, subject to reforms
The International Monetary Fund (IMF) said it has reached a draft funding agreement with Lebanon – but that Beirut must enact a batch of economic reforms first before its board decides whether to approve the deal.
Argentinians protest against $45b agreement with IMF
Argentine protesters burned tires, hurled stones and smashed windows outside the Congress building on Thursday, railing against a $45 billion agreement with the International Monetary Fund.
IMF cuts 2022 global growth forecast as U.S., China recovery wanes
The International Monetary Fund has downgraded its global growth forecast for this year as rising COVID-19 cases, supply chain disruptions and higher inflation hamper economic recovery.
Three reasons IMF is worried about cryptocurrencies
The International Monetary Fund is concerned about cryptocurrencies, particularly because the nascent market is growing at such a significant pace and regulation is not following suit, CNBC wrote.
Lebanon needs $12-15b to kick-start recovery: Central bank
Lebanon needs to receive 12 to 15 billion dollars from its partners to kick-start its economic recovery and shore up foreign currency reserves, Banque du Liban Governor Riad Salameh said Tuesday.
IMF warns Bank of England against inflation inaction ahead of key vote
The International Monetary Fund urged the Bank of England to avoid “inaction bias” as it gears up for a key vote Thursday on when to hike interest rates in the face of high inflation.
Argentines protest against IMF debt deal amid economic hardship
Thousands of people thronged the streets of Argentina’s capital, Buenos Aires, to protest against a possible debt restructuring deal with the International Monetary Fund (IMF).

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