International Monetary Fund

Global Public Debt to Exceed $100tn Says IMF

Global public debt is expected to reach a record $100 trillion this year, the IMF said Tuesday, warning that the fiscal outlook for many countries may be even "worse than expected." In its latest report on fiscal policy, the International Monetary Fund said it expects global public debt to hit 93 percent of global gross domestic product (GDP) ...

Sri Lanka Announce First Elections Since Economic Crisis

Sri Lanka's first presidential elections since an unprecedented economic crisis spurred widespread unrest will be held in September, the election commission said Friday. The election will be the first test of the public mood since the height of the 2022 downturn, which caused months of food, fuel and medicine shortages across the island ...

Tunisia to Hold Presidential Election on October 6

Tunisia will hold a presidential election on October 6, the office of President Kais Saied announced Tuesday, though he has not indicated if he will seek a new five-year term after his 2019 election. Saied, a constitutional specialist, took full control of the country in 2021, ruling by decree after dismissing his prime minister and parliament, ...

IMF and World Distraught by Middle East Instability

The IMF and World Bank expressed their fears over the repercussions of  instability in the Middle East. The war in Gaza and the Houthi's attacks in the Red Sea are jeopardizing the global economy. The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global ...

Red Sea Container Shipping Down 30% Over Attacks

The International Monetary Fund announced on Wednesday that container shipping through the Red Sea has decreased by nearly one-third this year due to ongoing attacks by Yemen's Houthis. Container shipping through the Red Sea has dropped by nearly one-third this year as attacks by Yemen's Houthi rebels continue, the International Monetary Fund ...