International Monetary Fund

Lebanese PM-designate: Cabinet needed to restore trust, hope

The economic and financial crisis roiling Lebanon is the gravest threat to its stability since the 15-year civil war ended in 1990.

Niger votes in presidential runoff to usher in first democratic transition

Ruling party candidate Mohamed Bazoum is seen by many as the favourite after leading in the first round on December 27 with 39.3 percent of the vote. Polling stations opened at 0700 GMT and will close at 1800 GMT (8 am to 7pm) local time.

World Bank channels $2.5B more into nine additional projects in Turkey

The international financial institution said that with the additional approvals of 2020, the active lending portfolio in Turkey rises to $6.7B in support of 21 projects.

What's behind Pakistan's pandemic-defying remittance boom?

The Covid-19 pandemic has ravaged economies globally, but Pakistan has been on the receiving end of a boom that could continue until the end of this year.

Covid-19 resurgence poses biggest risk to US economy – IMF

IMF warns that the brunt of the economic impact is being borne by lower income families, predominantly Black and Hispanic, who are least able to weather the downturn.

IMF says global economy to take big hit in face of virus

The IMF predicts that the global economy will shrink 4.9 percent this year, calculating damages worse than from any other downturn since the Great Depression of the 1930s.

International students in Turkey ‘suspended between loneliness and fear’

While most Turkish students have returned home, international students are mainly confined to their dormitories, unsure of what the future holds.

South Africa seeks $5B from multilateral lenders to fight virus

Africa's most advanced economy is talking to the International Monetary Fund (IMF), World Bank, New Development Bank of the BRICS and African Development Bank to source funding to contribute to a $26.5 billion rescue package against Covid-19.

Protesters hit Beirut streets to mark 100 days of demos

Protests demanding the removal of politicians deemed incompetent and corrupt have gripped Lebanon since October 17 and forced the resignation of the government.

Egypt's smouldering dissent against rising inequality and corruption

Why the government's austerity measures and claims of decreasing inflation don’t sit well with regular Egyptians.

Argentina asks IMF to restructure debt payments: minister

Recession-hit Argentina has suffered market volatility since business-friendly President Mauricio Macri was trounced in party primaries three weeks ago by leftist challenger Alberto Fernandez.

Argentine president announces salary hikes, tax cuts, after poll setback

The peso got slammed for a third day on Wednesday, despite President Mauricio Macri's measures to soften the impact of austerity on voters.