International Monetary Fund

Thousands of Pakistan traders shuttered their shops on Sept. 2, striking over soaring energy and fuel bills stirring widespread discontent ahead of national elections.

Decades of mismanagement and instability have hobbled Pakistan's economy, and this summer Islamabad was forced into a deal with the International Monetary Fund (IMF) to avert default.

Climate change threatens to exacerbate conflict in fragile nations across the globe and lead to increased deaths, the International Monetary Fund (IMF) has said in a report. 

While climate shocks alone may not trigger new unrest, the IMF said, they "significantly worsen conflict, compounding fragility" such as hunger, poverty and displacement.

The Treasury and Finance Ministry has denied speculations suggesting that Türkiye is seeking support from the International Monetary Fund (IMF) and that a delegation from the fund will visit the country.

The ministry does not have an official invitation to the fund, officials from the ministry told state-run news agency Anadolu.

Türkiye's Central Bank is implementing its roadmap designed to lower inflation with gradual and decisive steps, Hafize Gaye Erkan, its governor has said.

Since Erkan took the helm at the bank in June, the Central Bank has hiked its main policy rate, the one-week repo auction rate, by a cumulative 1,650 bps from 8.5 percent to 25 percent.

Greece experienced an almost 1% GDP loss as a result of the consequences of climate change, such as heatwaves and natural disasters, from the beginning of May to August 4, according to Allianz Research. The fact that this number effectively "takes away" less than half of the growth that the Greek economy is predicted to experience this year makes it incredibly significant.

Argentina is set to receive a much-needed disbursement of funds from the International Monetary Fund (IMF), the lender has said, with a fresh staff-level agreement paving the way for access to $7.5 billion.

The aim is to "support Argentina's policy efforts and near-term balance of payments needs," as the country grapples with a tough economic backdrop, the IMF said in a statement.

Across the developed world, we are hearing the argument that high costs are "profit inflation," meaning that rising prices stem mainly from rising profit margins. This is confirmed by reputable economists at multinational banks like UBS and others, by the chief economist of the European Central Bank, Philip Lane, and by its president, Christine Lagarde.

Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the International Monetary Fund (IMF) in Washington on June 30.

The economy has been stricken by a balance-of-payments crisis as it attempts to service crippling external debt, while months of political chaos have scared off potential foreign investment.

The United States of America itself is to blame for the fact that many countries began to give up trade in US dollars, Alexei Mozhin, Russia's representative at the International Monetary Fund, told "RIA Novosti".

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 — the secretary-general of the United Nations — is pressing for major changes in the other two.