IMF anticipates worst economic blow since the Great Depression

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Data by the International Monetary Fund shows that only 24 per cent of loans collected by farmers under the anchor borrowers’ programme of the Central Bank of Nigeria has been repaid.

Sri Lanka's financial woes have caused severe food and fuel shortages, runaway inflation, and prolonged blackouts. The resulting public outrage forced then-president Gotabaya Rajapaksa to flee the country and resign.

Sri Lanka has secured $2.9 billion from the International Monetary Fund — a lifeline for the debt-ridden country. But for millions struggling with poverty, the bailout might not bring immediate relief.

The funds will be used to support post-war reconstruction and Ukraine's path to joining the European Union. Meanwhile, Xi Jinping departed Moscow after a high-profile meeting with Vladimir Putin. DW has the latest.

The International Monetary Fund (IMF) and Kyiv have reached a staff-level agreement for a $15.6 billion loan which should be finalised in the coming weeks.

The West African nation is facing one of its worst economic crises in decades. Soaring inflation is compounding the sufferings of many Ghanaians who now have to dig deeper into their pockets to afford essential goods.

The $5.4 billion set for disbursement brings the total lent to the Latin American country under the Extended Fund Facility to $28.9 billion. Argentina is the target of the IMF's largest assistance program.

IMF predicts five-year economic dip, with low-income countries hardest hit. We look at why the IMF's predicted economic growth of just 3 percent, the lowest forecast since 1990, could hurt developing nations most.

During its annual Spring Meeting in Washington, the International Monetary Fund has revised its forecasts upward to 7 percent for global inflation this year and 4.9 percent in 2024. Those figures, above the target rate of 2 percent, will be contributing factors in slowing down growth, including for developing economies.

Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions".

The West African nation has been under financial strain stemming from the rolling impact of the pandemic, the war in Ukraine, and a range of other global economic trends.