International Monetary Fund

BNM international reserves expand to RM483.8b as of Nov 30

BANK Negara Malaysia’s (BNM) international reserves amounted to US$109.7 billion (RM483.78 billion) as at Nov 30 2022, up from US$107.5 billion…

3 days ago

IMF says China needs to adjust Covid policy, support property

China needs to keep recalibrating its Covid Zero strategy and bolster confidence in the property market in order to spur…

2 weeks ago

Asian economies are running out of fiscal space, IMF says

Asia’s economies will need to focus on fiscal stability in order to offset surging debt and to support monetary policy,…

2 months ago

WTO slashes forecast for merchandise trade growth in 2023

GLOBAL merchandise trade will slow next year as “multiple shocks” ranging from Russia’s war in Ukraine, high energy costs in…

2 months ago

IMF warns ‘worst is yet to come’ as steps to slow inflation raise risks

The International Monetary Fund warned of a worsening outlook for the global economy, highlighting that efforts to manage the highest…

2 months ago

IMF tells UK to rethink tax cuts as Moody’s says rating at risk

THE International Monetary Fund urged the UK government to reconsider the massive unfunded tax cuts announced last week, while Moody’s…

2 months ago

Ousted Sri Lankan leader faces arrest calls after return

COLOMBO, Sri Lanka – Deposed Sri Lankan president Gotabaya Rajapaksa faced calls for his arrest Saturday after returning home from…

3 months ago

IMF agrees to RM13b bailout for bankrupt Sri Lanka

COLOMBO – The International Monetary Fund (IMF) said on Thursday it had reached a staff-level agreement to support bankrupt Sri…

3 months ago

Argentina economy minister vows to respect IMF deficit deal

ARGENTINA'S new economic "super minister" pledged Wednesday to respect the crisis-wracked country's commitment with the IMF to reduce its public…

4 months ago

Bangladesh is seeking RM8.9b from World Bank, ADB, sources say

BANGLADESH is seeking assistance from the World Bank and Asian Development Bank amid efforts to bolster its foreign exchange reserves,…

4 months ago

Bankrupt Sri Lanka seeks urgent help to feed children

COLOMBO – Sri Lanka issued an urgent appeal on Monday to tackle rapidly spreading malnutrition among children as its economic…

4 months ago

Asia factory activity tumbles on supply, weaker demand

ASIA’S factories continued to report weakening activity in July amid lingering supply chain complications and a slowing global economy. Purchasing…

4 months ago

Turkish inflation hits 2-decade high of 78.6%

ONE of the world’s worst inflation crises closed in further on another grim milestone in Turkey, and government efforts to…

5 months ago