AJ Impact

IMF says $10 trillion spent to combat pandemic, far more needed

New estimates suggested that up to 100 million people could fall into extreme poverty as a result of the crisis: IMF

IMF says $10 trillion spent to combat pandemic, far more needed

AJ Impact

Help world's poorest nations or risk 'disorderly default': IMF

IMF chief says private creditors, and G20, need to provide debt relief to poor states hit by coronavirus wave.

Help world's poorest nations or risk 'disorderly default': IMF

AJ Impact

Argentina to extend debt deadline, offer restructuring sweeteners

The government needs to restructure about $65bn in bonds made unsustainable by long recession and dive in its currency.

Argentina to extend debt deadline, offer restructuring sweeteners

AJ Impact

Debt relief blueprint for poor nations: Is it enough?

Proposal says relief could be granted on a case-by-case basis and voluntary basis rather than one-size-fits-all remedy.

Private creditors lay out debt relief plan for poorest countries

AJ Impact

'This is the worst a nation could experience'

UNDP will receive funds directly to assuage concerns about corruption, Venezuela's central bank governor told Reuters.

Venezuela reaches UN deal to use gold held in UK bank to buy food

Opinion

The US should stop blocking vital IMF funds for poorer countries

New SDR allocations issued by the IMF could help developing economies cope with the looming economic crisis.

Rick Rowden

by Rick Rowden

Rick Rowden

Counting the Cost

Why are some OPEC nations struggling to make any money right now?

Some resource-rich OPEC nations are turning to the International Monetary Fund for emergency loans.

AJ Impact

Private creditors reject blanket debt relief for African nations

Private creditor group holds debt of African countries whose finances are buckling under the strain of coronavirus.

Private creditors reject blanket debt relief for African nations

AJ Impact

Egypt seeks $9bn in aid from IMF and other institutions

Egypt faces an estimated $10bn funding shortfall this year as its economy is battered by coronavirus.

Egypt seeks $9bn in aid from IMF and other institutions

AJ Impact

Argentina pushes $65bn debt deadline as default risk rises

Argentina is racing to revamp debts amid high inflation and increasingly expensive borrowing costs.

Argentina pushes $65bn debt deadline as default risk rises

Counting the Cost

Should big money give poor nations debt relief to fight COVID-19?

The poorest countries get a debt repayment holiday to fight the pandemic. Why are private investors not taking part?

AJ Impact

Leaked letter warns Zimbabwe headed towards economic catastrophe

The country's debt arrears mean it cannot access foreign lenders, the finance minister wrote in a letter to the IMF.

Leaked letter warns Zimbabwe headed towards economic catastrophe

AJ Impact

Lebanon to seek IMF loan, says it needs $10bn in aid

PM Diab says Lebanon will also try to secure $11bn in funding previously pledged by donor countries.

Lebanon to seek IMF loan, says it needs $10bn in aid

AJ Impact

IMF wants Mideast sovereign wealth funds to boost local economies

MENA oil exporters may see a 4.2 percent real GDP contraction in 2020, says the International Monetary Fund.

IMF wants Mideast sovereign wealth funds to boost local economies

AJ Impact

‘Proactive steps’: Egypt seeks IMF help to fight coronavirus

Egypt asked for emergency financing to support investor confidence as it suffers an economic hit from the virus.

‘Proactive steps’: Egypt seeks IMF help to fight coronavirus