Rappler's latest stories on IMF
IMF predicts worst Middle East downturn in half century
The International Monetary Fund sees the Middle East and North Africa regional economy shrinking by 5.7% in 2020

Without IMF bailout, is Lebanon heading for 'hell'?
A Lebanese source says an International Monetary Fund rescue would help Lebanon avoid the worst, but negotiations are stalling

IMF warns cutting spending too soon could derail recovery
(UPDATED) The 'massive fiscal response' to the coronavirus pandemic leads to 'global public debt reaching its highest level in recorded history.' But the International Monetary Fund says the spending shouldn't be stopped too soon.

IMF and World Bank to hold fall meetings virtually
The 2020 IMF-World Bank Annual Meetings set for October 12 to 18 will be held 'in a primarily virtual format'

Ukraine central bank chief's resignation sparks global outcry
Business leaders are alarmed over the resignation of National Bank of Ukraine Governor Yakiv Smoliy, who said 'systematic political pressure' triggered his move

Gulf economies to shrink 7.6% over virus, oil slump – IMF
The International Monetary Fund's 2020 projection for the 6-nation Gulf Cooperation Council dramatically worsens

IMF warns pandemic set to undo decade of progress in Africa
The International Monetary Fund sees the economy of sub-Saharan Africa contracting by 3.2% in 2020

IMF approves emergency funding for pandemic-hit Myanmar
Myanmar will receive $356.5 million in emergency financial assistance from the International Monetary Fund

IMF approves $5.2-billion, 1-year loan program for Egypt
The International Monetary Fund's new loan for Egypt comes on top of $2.8 billion in emergency aid approved in May 2020

Market 'disconnect' could worsen virus downturn – IMF
'Investors seem to be betting that lasting strong support from central banks will sustain a quick recovery even as economic data point to a deeper-than-expected downturn,' says the International Monetary Fund

Coronavirus crisis exacerbates globalization worries – IMF economist
International Monetary Fund chief economist Gita Gopinath urges countries to be 'collaborative' amid the global crisis

IMF sharply cuts Saudi forecast as oil, virus hit economy
The International Monetary Fund predicts Saudi Arabia's economy will contract by 6.8% in 2020

Amid grim outlook, IMF says things could get better, or worse
(UPDATED) The International Monetary Fund acknowledges the high levels of uncertainty as the coronavirus pandemic ravages the global economy

Coronavirus sinks global economy in 2020, collapsing GDP 4.9% – IMF
(UPDATED) The International Monetary Fund estimates the coronavirus crisis will destroy $12 trillion over two years, leaving lasting scars on employment, businesses, and trade

Service-dependent economies feel coronavirus pain – IMF
Advanced and emerging market economies are seeing a larger impact in services, says International Monetary Fund chief economist Gita Gopinath

Spend more, keep receipts – IMF's Georgieva
International Monetary Fund chief Kristalina Georgieva warns countries not to withdraw stimulus measures 'too quickly'

IMF approves $5 billion in aid to Ukraine
The International Monetary Fund says the aid is intended to 'ensure that Ukraine is well-poised to return to growth' when the coronavirus pandemic ends

Bangladesh becomes 60th nation to receive IMF pandemic aid
The coronavirus outbreak is severely affecting Bangladesh's exports of ready-made garments and remittances, notes the International Monetary Fund

Chile, Peru secure credit lines from IMF amid pandemic
(UPDATED) The International Monetary Fund grants Chile a $24-billion credit line and Peru an $11-billion credit line, both for two years

IMF approves $396 million for Jordan to fight coronavirus
The International Monetary Fund says Jordan has 'taken proactive efforts since the COVID-19 outbreak to protect [the] safety of its citizens and refugees'

IMF approves $520-million emergency loan for Jamaica
Without vital tourism revenue, Jamaica's economy is seen to contract 5.6% in 2020, says the International Monetary Fund

Lebanon starts talks with IMF for financial aid
The Lebanese government is seeking more than $10 billion in financial support from the International Monetary Fund to save its crumbling economy

Chile asks IMF for $23.8-billion credit line
International Monetary Fund Managing Director Kristalina Georgieva intends to recommend approval of Chile's request

IMF approves $2.77-billion emergency virus loan for Egypt
The International Monetary Fund says Egypt's economy had seen a 'remarkable turnaround' prior to the coronavirus pandemic, but that progress is now threatened

IMF more negative on global economic projections
The International Monetary Fund notes that incoming economic data for many countries is even below the IMF's 'already pessimistic assessment'

Congo seeking IMF loan of up to $500 million
The Republic of Congo, the 3rd biggest oil producer in Africa, is asking for aid from the International Monetary Fund amid the coronavirus pandemic

Kenya, Uganda latest to receive IMF help against pandemic
Both Kenya and Uganda face severe economic shocks amid efforts to contain the spread of COVID-19, says the International Monetary Fund

IMF releases $226 million to help Cameroon against virus
'The outbreak of the COVID-19 pandemic and the terms of trade shocks from the sharp fall in oil prices are having a significant impact on Cameroon's economy,' says the International Monetary Fund

IMF approves emergency loan for Ecuador
Ecuador faces a double crisis in the form of the coronavirus and a fall in oil prices

IMF renews $10.8-billion credit line for Colombia as recession looms
The International Monetary Fund says Colombia's economy is expected to contract for the first time in two decades due to the coronavirus pandemic

IMF approves emergency virus loans for Mali, Ethiopia
The International Monetary Fund grants $411 million to Ethiopia and $200 million to Mali for their coronavirus response

Crisis-hit Lebanon to seek IMF funding after approving reform plan
The Lebanese government approves a plan to provide support to 'needy sectors' during the coronavirus crisis, and also aims to get aid from the International Monetary Fund

IMF approves $650 million in virus aid to Dominican Republic
Money from the International Monetary Fund will be used to finance increased healthcare spending and to provide assistance to the most vulnerable in the Dominican Republic

IMF approves $504-million loan for Costa Rica
The funding for Costa Rica will 'support essential COVID-19-related health spending and relief measures targeted to the most affected sectors and vulnerable populations'

IMF approves $220-million loan for Afghanistan
'The pandemic is inflicting heavy damage on Afghanistan's economy, which is expected to contract sharply in 2020,' says the International Monetary Fund

IMF approves $3.4 billion for Nigeria to address coronavirus
The International Monetary Fund notes that the coronavirus pandemic and the plunging global demand for oil are severely affecting Nigeria's economy

Egypt seeks aid from IMF amid virus-inflicted downturn
(UPDATED) Egyptian Prime Minister Mostafa Madbouli does not specify the size of the one-year financial aid package the government is seeking from the International Monetary Fund

South Africa to seek $4.2 billion in IMF, World Bank help
With the number of coronavirus cases at 3,953 including 75 deaths, South Africa is the worst affected country on the African continent

IMF, WTO warn against export controls on medical supplies, food
Disruptions to supply chains and misdirection of critical products could 'prolong and exacerbate the health and economic crisis'

IMF approves $363 million in virus aid to DR Congo
The International Monetary Fund says the Democratic Republic of Congo is 'experiencing a severe shock' due to the coronavirus pandemic

IMF, World Bank roll out all their lending tools
Here is a summary of the financing available from the International Monetary Fund and World Bank for countries battling the coronavirus pandemic

Leaders warn Africa short of funds to fight coronavirus pandemic
The World Bank and International Monetary Fund say Africa, the world's poorest continent, needs $44 billion more to combat the coronavirus pandemic

IMF approves $1.4 billion in coronavirus aid to Pakistan
'While uncertainty remains high, the near-term economic impact of COVID-19 is expected to be significant,' says the International Monetary Fund as it approves aid for Pakistan

Coronavirus could spark 2nd Latin America 'lost decade' – IMF
Latin America's 'lost decade' traditionally refers to the 1980s, when countries were forced to tightened their belts to meet debt payments. Could this happen again?

Everything on the table to attack virus' economic damage – IMF
'Speed of action is of [the] essence in the crisis that has moved so rapidly and is so deep,' says International Monetary Fund Managing Director Kristalina Georgieva

IMF cautions renewed social unrest possible amid pandemic
The International Monetary Fund says protests are 'more likely in countries with histories of widespread corruption, lack of transparency in public policy, and poor service delivery'

Middle East debt, unemployment to spike in virus recession – IMF
Countries in the Middle East and North Africa will lose hundreds of billions of dollars in revenues in 2020, says the International Monetary Fund

IMF approves $230 million in virus aid for Niger, Burkina Faso
The International Monetary Fund will give $115.3 million to Burkina Faso and $114.5 million to Niger to help them combat the coronavirus pandemic

IMF: 3 ways a bad outlook could get worse
The economic outlook of the International Monetary Fund for 2020 is already bleak, but possibly not the worst yet

Pandemic set to plunge sub-Saharan Africa into recession – IMF
The International Monetary Fund forecasts a 1.6% contraction for sub-Saharan Africa in 2020
