by Our Economic Affairs Correspondent “The IMF’s emphasis on fiscal austerity has proven to be misguided and has resulted in economic stagnation, high levels of unemployment, and increased poverty in many countries.”
Across Africa, the International Monetary Fund (IMF) presents itself as the custodian of macroeconomic stability. Its latest Article IV staff reports on Ethiopia. Malawi, Nigeria, South Africa, and Zambia are written for economies with very different histories and
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Archbishop of Colombo, Malcolm Ranjith, has issued a sharp critique of Sri Lanka’s long-standing open economic model, urging authorities to reconsider the direction of national policy. Speaking to the media, he argued
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The United States is hurtling toward a debt milestone that economists describe as unprecedented in modern history. According to the latest report from the International Monetary Fund, the national debt, already exceeding
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The International Monetary Fund has urged Pakistan to gradually scale back government spending on foreign remittance incentives, a move that economists warn could undermine formal transfer channels and revive the use of
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The scandal erupted when Ukraine’s National Anti-Corruption Bureau charged seven individuals, including Timur Mindich, a former longtime business partner of President Vladimir Zelensky, with kickbacks and embezzlement in the Western-funded energy sector.
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Sri Lankan President Anura Kumara Dissanayake’s 2026 budget, presented to Parliament on November 7, marks a further escalation of the assault on the living conditions of workers and the poor, while granting
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The Asia-Pacific region remains the world’s fastest-growing economic area, but rising tariffs and protectionist policies could dampen export demand and weigh on activity, the International Monetary Fund said in a report released
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In February 2025, Senegal’s Court of Auditors released a report that found ‘anomalies’ in the management of public finances between 2019 and 2024, during the presidency of Macky Sall (2012–2024). For instance, the court found that
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Pakistan’s central bank governor has said inflation is expected to hold steady in the coming months, though the prospect of further interest-rate cuts will depend on the economic fallout from recent floods
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Britain could face a crisis reminiscent of the 1976 International Monetary Fund (IMF) bailout if the government fails to get debt under control, a leading economist has warned. Jagjit Chadha, a professor
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