Some of the world’s lower-income nations face a serious debt crisis which will complicate their efforts to recover from the pandemic-induced global recession.
The IMF's top official has warned of a decrease in the US currency’s dominance in global markets after imposing sanctions on Russia.
The ongoing conflict is a 'major blow' to the global economy that will hurt growth and raise prices, according to the International Monetary Fund.
Somalia's polls are more than a year behind schedule, with voting for the lower house of parliament due to be completed by Friday - a deadline many observers expect the country to miss.
IMF says its loan programme has strengthened the South Asian country's fiscal buffers before the Covid pandemic began, and a strong economic recovery has taken hold since mid-2020.
Talks with the International Monetary Fund resumed in September this year but Lebanese officials have yet to submit a comprehensive recovery plan.
An IMF delegation will visit the Middle Eastern country in late January or early February to lay out “the final formula for the agreement."
Lebanon's president estimates the country needs time to overcome the financial crisis as its central bank governor says around $15 billion would help to restore.
Global growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus.
Fuel, medicine and food shortages have cast a shadow over the transition process, while cuts to international aid could now deepen the country’s economic woes
Lebanese citizens have little confidence that change is on the horizon with the newly-elected billionaire prime minister, Nijab Mikati.
"Try an innovative way of engaging with them [Taliban]. The way that they were being dealt with has not worked," says Pakistani FM Shah Mehmood Qureshi.
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