Topic - International Monetary Fund

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A man reads morning newspaper in a market, which closed due to strike called by traders to protest a rise in electricity costs and new taxes imposed on shop owners, in Peshawar, Pakistan, Wednesday, Aug. 28, 2024. (AP Photo/Muhammad Sajjad)

Traders observe a daylong strike across Pakistan to protest rising costs and new taxes

Associated Press

FILE - Kenya's President William Ruto gestures to party officials as he walks with his wife Rachel Ruto as he prepares to address the media at his official residence in Nairobi, Kenya Monday, Sept. 5, 2022. The ballooning debt in East Africa's economic hub of Kenya is expected to grow even more after deadly protests forced the rejection of a finance bill that President William Ruto said was needed to raise revenue. He now warns “it will have huge consequences.” (AP Photo/Brian Inganga, File)

Kenya’s president warns of huge consequences after his effort to address an $80 billion debt fails

By Evelyne Musambi - Associated Press

FILE - A hostess walks by the national flags of the United States and China ahead of the bilateral meeting between U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng, at the Guangdong Zhudao Guest House in southern China's Guangdong province, April 6, 2024. Simmering tensions between Beijing and Washington remain the top worry for U.S. companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday, April 23, 2024. (AP Photo/Andy Wong, Pool, File)

Who is the biggest and richest?

By Richard W. Rahn

FILE - Kristalina Georgieva, Managing Director of the International Monetary Fund, IMF, speaks in Davos, Switzerland, Jan. 17, 2024. During a IMF and World Bank meeting Thursday, April 18, 2024, Georgieva said the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but "there is plenty to worry about,'' including stubborn inflation and rising levels of government debt. (AP Photo/Markus Schreiber, File)

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies

By Paul Wiseman - Associated Press

Egyptians walk past an exchange office in Cairo, Egypt, Wednesday, March 6, 2024. The Egyptian pound slipped sharply against the dollar on Wednesday after the Central Bank of Egypt raised its main interest rate and said it would allow the currency's exchange rate to be set by market forces. (AP Photo/Amr Nabil)

IMF confirms increasing Egypt’s bailout loan to $8 billion

By Samy Magdy - Associated Press

Egyptians walk past an exchange office in Cairo, Egypt, Wednesday, March 6, 2024. The Egyptian pound slipped sharply against the dollar on Wednesday after the Central Bank of Egypt raised its main interest rate and said it would allow the currency's exchange rate to be set by market forces. (AP Photo/Amr Nabil)

Egypt floats its currency and agrees with the IMF to increase a bailout loan to $8 billion

By Samy Magdy - Associated Press

A container ship is docked at a port in Tokyo, Tuesday, Oct. 12, 2021. Japan has reported Thursday, Dec. 16, 2021, that its exports jumped 20% and imports rose at an even faster pace in November as disruptions to manufacturing supply chains began to ease. (AP Photo/Koji Sasahara, File)

Japan slips down global economic ladder, loses third place to Germany

By Andrew Salmon - The Washington Times

A Sri Lankan woman blows air to fire a hearth to boil sweet corn before selling them by a roadside in Colombo, Sri Lanka, Wednesday, Dec. 6, 2023. The woman has resorted to the roadside trading after her husband lost his job in the economic crisis. (AP Photo/Eranga Jayawardena)

Asian Development Bank approves a $200M loan to debt-stricken Sri Lanka

By BHARATHA MALLAWARACHI - Associated Press

FILE - Secretary of State Antony Blinken, second from left, participates in global infrastructure and investment forum with Amos Hochstein, left, senior advisor to the president on energy and and investment, Janet Yellen, second from right, United States Secretary of Treasury, and Ajay Banga, right, World Bank president, in New York, Sept. 21, 2023. Economic crises are rippling through the countries bordering Israel. That raises the possibility of a chain reaction from the war against Hamas that further worsens the financial health and political stability of Egypt, Jordan and Lebanon and creates problems well beyond.(AP Photo/Seth Wenig, Pool)

The Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan

By Fatima Hussein and Josh Boak - Associated Press

A member of the security forces stands guard outside a convention center hosting the IMF and World Bank annual meetings, in Marrakech, Morocco, Monday, Oct. 9, 2023. The International Monetary Fund and World Bank kicked off their annual meeting in Marrakech on Monday, one month after a deadly earthquake struck Morocco and killed nearly 3,000 people. (AP Photo/Mosa'ab Elshamy)

IMF outlook worsens for a ‘limping’ world economy. Mideast war poses new uncertainty

By Paul Wiseman and David McHugh - Associated Press

FILE - World Bank President David Malpass speaks at a news conference during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington, on April 13, 2023. IMF officials told reporters Wednesday in Kyiv that an announcement from U.S. President Joe Biden of his commitment to supporting Ukraine is still the baseline assumption. (AP Photo/Jose Luis Magana)

IMF expects continuing U.S. support for Ukraine despite Congress dropping aid

By David McHugh and Hanna Arhirova - Associated Press

Javier Milei, the presidential candidate of the Liberty Advances coalition, smiles at his campaign headquarters after polling stations closed during primary elections in Buenos Aires, Argentina, Sunday, Aug. 13, 2023. (AP Photo/Natacha Pisarenko)

Argentina’s anti-establishment candidate Milei engages IMF in economic talks after shock primary win

By Daniel Politi and Gisela Salomon - Associated Press

Motorcyclists drive through a flooded road caused by heavy rainfall, in Lahore, Pakistan, Monday, June 26, 2023. (AP Photo/K.M. Chaudary)

Pakistan’s premier says he hopes the IMF will decide on the bailout for his country in a day or two

Associated Press

International Monetary Fund Managing Director Kristalina Georgieva walks to the podium during the 2022 annual meeting of the International Monetary Fund and the World Bank Group on Oct. 14, 2022, in Washington. Heads of state, finance leaders and activists from around the world will converge in Paris this week to seek ways to overhaul the world's development banks — like the International Monetary Fund and World Bank — and help them weather a warmer and stormier world.(AP Photo/Manuel Balce Ceneta, File)

Paris summit aims to shake up the financial system. It will test leaders’ resolve on climate

By FATIMA Hussein and Paul Wiseman - Associated Press

United Nations Secretary-General Antonio Guterres speaks to reporters in the Treaty Room before a meeting with Secretary of State Antony Blinken at the State Department, April 27, 2023, in Washington. From the ashes of World War II, three institutions were created as linchpins of a new global order. Now, in an unusual move the top official in one, Guterres, is pressing for major changes in the other two. Guterres says the International Monetary Fund has benefited rich countries instead of poor ones. And he describes the IMF and World Bank’s response to the COVID-19 pandemic as a “glaring failure” that left dozens of countries deeply indebted. (AP Photo/Manuel Balce Ceneta, File)

U.N. steps up criticism of IMF, World Bank, the other pillars of the post-World War II global order

By Edith M. Lederer - Associated Press