IMF cuts global growth forecast during Hormuz blockade
Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.
![Ousmane Sonko speaks after he was appointed prime minister by Senegal's newly-elected President Bassirou Diomaye Faye, in Dakar, Senegal [File: Abdou Karim Ndoye/Reuters]](/wp-content/uploads/2024/04/2024-04-03T054833Z_161381706_RC2LY6AILHMX_RTRMADP_3_SENEGAL-POLITICS-1712129356.jpg?resize=770%2C513&quality=80)
![The AI investment boom was also cited as one of the key factors propping up US and global growth [Elizabeth Frantz / Reuters]](/wp-content/uploads/2025/10/2025-10-14T140852Z_1576048181_RC2QBHAUCT5Q_RTRMADP_3_IMF-WORLDBANK-1760452844.jpg?resize=770%2C513&quality=80)
![The global economy is forecasted to grow by 3 percent in 2025. [Jose Luis Magana/AP]](/wp-content/uploads/2025/10/AP25281486067131-1759936860.jpg?resize=770%2C513&quality=80)
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IMF says Gita Gopinath leaving at end of August to return to Harvard
The move gives the US Treasury a chance to recommend a replacement at a time Trump is reshaping global economy.
![Gita Gopinath will return to Harvard University by August end, a move that has surprised some IMF insiders [File: Rodrigo Garrido/Reuters]](/wp-content/uploads/2020/10/gita.jpg?resize=770%2C513&quality=80)
Public workers in Africa see wages fall by up to 50% in five years: Survey
Budget cuts leave health and education workers struggling to make ends meet, ActionAid reports.
Russia-Ukraine war: List of key events – day 1,093
Here are the key developments on the 1,093rd day of Russia’s full-scale invasion of Ukraine.
![A Ukrainian serviceman of the 68th Jaeger Brigade attends military exercises at a training ground in Dnipropetrovsk region, Ukraine, on February 20, 2025 [Valentyn Ogirenko/Reuters]](/wp-content/uploads/2025/02/2025-02-20T154516Z_731590854_RC28YCAGURH0_RTRMADP_3_UKRAINE-CRISIS-DRILLS-1740104726.jpg?resize=770%2C513&quality=80)
From: The Stream
How do global perceptions of Africa affect the continent?
We examine how negative global perceptions of the African continent affect its economies and the lives of its people.
Published On 9 Feb 2025
The Global South’s poor should not be subsidising the IMF
The IMF is making the polycrisis we are facing even worse by forcing its most indebted borrowers to pay surcharges.
IMF loan offers Pakistan relief but long-term reforms remain a challenge
The $7bn loan is a lifeline for Pakistan’s struggling economy, but experts say the country needs fundamental changes.
![Pakistan has secured a 37-month-long, $7bn loan from the IMF but analysts say the government must take steps to protect the poor [Akhtar Soomro/Reuters]](/wp-content/uploads/2024/09/2024-09-12T114452Z_1196412525_RC2W88ADC54N_RTRMADP_3_PAKISTAN-ECONOMY-CENBANK-1727339405.jpg?resize=770%2C513&quality=80)
IMF approves $7bn funding agreement for Pakistan
Approval comes more than two months after international lender and Islamabad said they had agreed on programme.
![Prime Minister Shehbaz Sharif told Pakistani media that the country had fulfilled all of the lender's conditions [File: Rahat Dar/EPA]](/wp-content/uploads/2024/02/SS-Rahat-Dar-1709120887.jpg?resize=770%2C513&quality=80)
EXPLAINER
Marxist-leaning Dissanayake wins Sri Lanka’s election: What’s next?
From an IMF deal he wants to renegotiate to parliamentary elections, president-elect faces key challenges.
Curfew imposed in Sri Lanka amid counting of votes in presidential election
Election being seen as referendum on Ranil Wickremesinghe who has restored some economic stability in crisis-hit nation.
Is Pakistan’s $7bn IMF bailout package in trouble?
Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate.
