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.”
Ghana’s newly elected President, John Mahama, is calling for a reassessment of the country’s three-year, $3bn agreement with the International Monetary Fund (IMF), a deal forged by the previous administration. Mahama, who
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Editorial Note: This article is republished from Project Syndicate, where it first appeared. It is shared here in its original form as an important contribution to the ongoing discussion on the potential
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Investors in Ethiopia’s defaulted $1 billion dollar bond have publicly criticized the International Monetary Fund (IMF) for exaggerating the country’s need for debt relief. A committee representing these bondholders contends that the
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The International Monetary Fund (IMF) has long played a pivotal role in managing sovereign debt crises, providing loans to countries teetering on the brink of default, contingent upon their agreement to an
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by Our Economic Affairs Editor A latest report by the International Monetary Fund (IMF) highlights pressing concerns about Sri Lanka’s public debt management systems, underscoring critical deficiencies in the nation’s legal and
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by a Special Correspondent in Washington DC A reliable source in Washington DC, who wishes to remain anonymous but maintains strong connections with the International Monetary Fund (IMF), has raised concerns over
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The financial problems faced by the Maldives are temporary and there is no need to seek assistance from the International Monetary Fund (IMF), PSM, the country’s state media, said on Saturday quoting
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Sri Lanka needs a new political model to make the best use of the opportunity now before it to move forward without having to pay foreign loans, including International Sovereign Bonds, capital
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Editor’s Note: The following article is based on a recent speech delivered by the author. It offers a critical examination of the roles of the International Monetary Fund (IMF) and the World
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The International Monetary Fund (IMF) on Tuesday revised China’s 2024 economic growth up to 5 percent in an update to its World Economic Outlook (WEO), from the 4.6-percent forecast in April. The
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