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Sri Lankan Buddhist monks wait for the arrival of President Mahinda Rajapaksa at the Mattala Rajapaksa International Air Port in Mattala, Sri Lanka, Monday, March 18, 2013. The Chinese-funded airport built in the president’s hometown away from most of the country’s population is so barely used that elephants have been spotted wandering on its tarmac. (AP Photo/Sanka Gayashan, File)

China’s loans pushing world’s poorest countries to brink of collapse

By Bernard Condon - Associated Press

People drive towards the city of Frankfurt, Germany, Friday, Feb. 3, 2023. The IMF delivered modest upgrades to the economies of the United States and Europe, which have proven more resilient than expected in the face of higher interest rates and shock of Russia's invasion of Ukraine. The European Central Bank appears at center, rear. (AP Photo/Michael Probst, File)

IMF: Prolonged high inflation dims outlook for world economy

By Paul Wiseman and Fatima Hussein - Associated Press

People visit a shopping mall in Peshawar, Pakistan, Wednesday, Jan. 4, 2023. Authorities on Wednesday ordered shopping malls and markets to close by 8:30 p.m. as part of a new energy conservation plan aimed at easing Pakistan's economic crisis, officials said. The move comes amid talks with the International Monetary Fund. (AP Photo/Muhammad Sajjad)

Pakistan orders malls to close early amid economic crisis

By Munir Ahmed - Associated Press

Risk of recession rising as Russian invasion of Ukraine, inflation hit global economy, IMF warns

By Dave Boyer - The Washington Times

A woman walks past a headline posted on a wall in London, Tuesday, Sept. 27, 2022. The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy. The instability is having real-world impacts, with several British mortgage lenders withdrawing deals amid concern that interest rates may soon rise sharply. (AP Photo/Frank Augstein)

Bank of England to buy U.K. bonds to avert financial risk

By Danica Kirka and Jill Lawless - Associated Press

FILE - Pakistan's Army Chief General Qamar Javed Bajwa arrive to attend a military parade to mark Pakistan National Day in Islamabad, Pakistan, Wednesday, March 23, 2022. Officials say Pakistan’s powerful army chief in a rare move this week, Saturday, July 30, contacted Washington, urging U.S. authorities to use their influence to secure an early release of a key $1.7 billion installment from the International Monetary Fund. The latest development comes as Islamabad struggles to stave off a deepening economic crisis. (AP Photo/Anjum Naveed, File)

Pakistan military chief seeks U.S. help on release of IMF loan

By Munir Ahmed - Associated Press

An investor monitors a stock index on a screen while brokers work at their desks at the Pakistan Stock Exchange, which responded positively after the news of an International Monetary Fund bailout package, in Karachi, Pakistan, Thursday, July 14, 2022. The IMF said Thursday it had reached a preliminary agreement with Pakistan to revive a $6 billion bailout package for this impoverished Islamic nation, which has been facing a serious economic crisis since last year. (AP Photo/Fareed Khan)

IMF reaches preliminary deal with Pakistan on $6B bailout

By Munir Ahmed - Associated Press

Protesters dance shouting slogans against president Gotabaya Rajapaksa outside his office in Colombo, Sri Lanka, Wednesday, July 13, 2022. The president of Sri Lanka fled the country early Wednesday, slipping away in the middle of the night only hours before he was to step down amid a devastating economic crisis that has triggered severe shortages of food and fuel. (AP Photo/Eranga Jayawardena)

What’s happened and what’s next in Sri Lanka

Associated Press

Protesters stand on a vandalised police water canon truck and shout slogans at the entrance to president's official residence in Colombo, Sri Lanka, Saturday, July 9, 2022. (AP Photo/Eranga Jayawardena)

Why Sri Lanka’s economy collapsed and what’s next

By Krishan Francis and Elaine Kurtenbach - Associated Press

Protesters react as a tear gas shell fired by police lands next to them in Colombo, Sri Lanka, Saturday, July 9, 2022. Sri Lankan protesters demanding that President Gotabaya Rajapaksa resign forced their way into his official residence on Saturday, a local television report said, as thousands of people took to the streets in the capital decrying the island nation's worst economic crisis in recent memory. (AP Photo/Amitha Thennakoon)

Sri Lanka Parliament speaker: President to resign Wednesday

By Krishan Francis - Associated Press

FILE - In this Tuesday, April 14, 2020 file photo, people crowd a street a few hours ahead of curfew in Cairo, Egypt. The world’s economy is forecast to grow around 3.6% this year, but Arab oil exporters are seeing a windfall from high energy prices that will buoy their economies and replenish their financial reserves this year and next. A report released Wednesday, April 27, 2022, by the International Monetary Fund says those hard-hit in the Mideast are oil importers and countries like Egypt that also rely heavily on food imports from the Black Sea region, where Russia’s invasion of Ukraine has impacted exports like sunflower oil, barley and wheat worldwide. (AP Photo/Nariman El-Mofty, File)

IMF sees bumper year for Arab oil producers, risk for others

By Aya Batrawy - Associated Press

Citing Russia’s war, IMF cuts global growth forecast to 3.6%

By Paul Wiseman - Associated Press

FILE - Treasury Secretary Janet Yellen speaks to the Atlantic Council, on April 13, 2022, in Washington. Yellen plans to meet with Ukraine's prime minister Denys Shmyhal during this week's spring meetings of the International Monetary Fund and World Bank in Washington. At the same time, she'll be trying to avoid contact with Russian officials who plan attend some Group of 20 portions of the event. (AP Photo/Jacquelyn Martin, File)

Finance heads urged to boost fight against food insecurity

By Fatima Hussein and Paul Wiseman - Associated Press

In this Oct. 19, 2019 file photo, International Monetary Fund Managing Director Kristalina Georgieva speaks during a news conference after the International Monetary and Financial Committee (IMFC) meeting, at the World Bank/IMF Annual Meetings in Washington. (AP Photo/Jose Luis Magana, File)

IMF, World Bank condemn invasion, prepare emergency aid for Ukraine

By David R. Sands - The Washington Times

In this Sept. 6, 2021, file photo, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), delivers a speech during the opening ceremony for the Floating Office where a high-level dialogue on climate adaptation takes place in Rotterdam, Netherlands. (AP Photo/Peter Dejong, File)

IMF board confident about leader despite data-rigging claims

By Martin Crutsinger and Elaine Kurtenbach - Associated Press

In this Aug. 19, 2021, photo, Taliban fighters display their flag on patrol in Kabul, Afghanistan. (AP Photo/Rahmat Gul)

IMF to withhold $460M in funds from Afghanistan after Taliban takeover

By Jeff Mordock - The Washington Times

FILE - In this April 15, 2020 file photo, a billboard urges people to stay home during the coronavirus pandemic in Dubai, United Arab Emirates. Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned Sunday, April 11, 2021, that an uneven vaccine distribution would derail the region's rebound, as the prospects of rich and poor countries diverge. (AP Photo/Jon Gambrell, File)

IMF: Vaccine inequity threatens Mideast’s economic recovery

By ISABEL DEBRE - Associated Press

A poster is displayed on the International Monetary Fund building, Monday, April 5, 2021, in Washington. The IMF and the World Bank open their virtual spring meetings. (AP Photo/Andrew Harnik)

IMF policy panel endorses $650 billion increase in resources

By MARTIN CRUTSINGER - Associated Press

FILE - In this Dec. 1, 2020 file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. Powell on Thursday, April 8, 2021 said the U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, though he cautioned not all will immediately benefit. (Al Drago/The New York Times via AP, Pool)

Fed’s Powell: US nears full reopening to ‘different economy’

By CHRISTOPHER RUGABER - Associated Press

Major economies support $650 billion boost in IMF resources

By MARTIN CRUTSINGER - Associated Press