Iraq Seeks IMF Program, Fund Chief Pledges 'Firm' Support
Iraq has requested IMF financial support due to lost oil export revenue caused by Strait of Hormuz tensions, following a 13% currency devaluation.
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Iraq has requested IMF financial support due to lost oil export revenue caused by Strait of Hormuz tensions, following a 13% currency devaluation.
The IMF warns that prolonged war and energy disruptions pose the greatest risk to the Middle East economy. Oil-exporting nations face contraction while dwindling inventories threaten larger price adju
The IMF warns that dwindling oil and gas inventories following Middle East conflicts leave the global economy vulnerable to future supply shocks. Depleted reserves risk nonlinear price adjustments des
The IMF warns that global economic resilience is nearing its limit due to depleted emergency oil stocks and high government debt levels. While growth forecasts were marginally revised up, risks from g
The IMF warned of global economic risks from AI market corrections, Middle East conflicts, and high debt, forecasting 3.1% growth for 2026 while noting oil price impacts.
The IMF raised its 2026 global GDP growth projection to 3.1%, driven by energy diversification and AI investment despite geopolitical tensions. Key risks include dwindling oil inventories, fertilizer
Japan's chemical wholesale prices surged 13.3% year-on-year in September, driven by higher benzene and VCM costs, while overall PPI growth slowed. The IMF projects economic growth will decelerate amid
The IMF lowered growth forecasts for Latin America and the Caribbean due to energy shocks from the Middle East war, citing high fuel costs and limited AI benefits despite commodity exporter gains.
The IMF forecasts global growth above 3%, driven by AI investment despite risks from Middle East conflicts and high oil prices. The report highlights energy shocks and debt as key threats impacting ma
IMF and World Bank officials gather in Bangkok amid Middle East tensions impacting global energy and fertilizer markets. Rising oil prices and debt burdens threaten economic stability, prompting discu
The IMF and World Bank annual meetings in Bangkok address high energy costs and geopolitical tensions, while Chinese exports of solar cells and lithium-ion batteries surge despite domestic demand issu
IMF Managing Director Kristalina Georgieva warned that Middle East conflicts driving up energy prices, alongside record debt and AI risks, threaten global growth. High oil prices at $100/barrel and re
Iraq devalued its currency by 13% amid Strait of Hormuz disruptions that slashed oil exports to 1.25 million barrels per day. The IMF projects the economy will shrink by nearly 7% following $80 billio
The IMF warns that sharp spikes in food and energy prices drive long-term inflation and worsen poverty. Targeted cash transfers are more efficient than broad subsidies to mitigate shocks from geopolit
The OECD, IMF, and IIF warned of escalating global debt risks amid soaring borrowing costs. Reports also flagged oil price surges and El Niño-driven food price hikes as key economic threats.
The IMF reports that AI could boost European productivity by 1% over five years but risks straining power networks and increasing dependence on foreign technology. It recommends deeper EU energy marke
The IMF forecasts global economic expansion of approximately 3% in 2026, highlighting that while the economy weathered the Middle East energy shock well, oil and gas prices remain high with persistent
Bolivian civic groups oppose an IMF program linked to diesel subsidy cuts, citing fuel shortages impacting industry and agriculture. Protests in Santa Cruz increase pressure on President Paz's adminis
Oil prices surged roughly 21% this month as US-Iran tensions strained supply, with WTI near $84 and Brent around $89 per barrel. The IMF warns the Middle East oil shock risks tipping the global econom
IMF and World Bank forecast global growth amid rising energy costs, projecting Brent crude at $100/barrel, while AI exports offset risks for Asian economies facing inflation and supply chain disruptio
The IMF cut its 2026 global growth forecast to 3% due to Middle East war risks and trade fragmentation, highlighting persistent high energy prices from supply disruptions. Recovery to 3.4% is expected
The IMF maintained its global growth forecast, noting AI offsets war fallout, but warned that stalled inflation and Middle East tensions could reignite commodity price volatility, impacting energy and
Egypt reached a preliminary deal with the IMF to unlock $1.6 billion, contingent on privatizing state assets including fuel stations and wind farms.
Outgoing IMF Chief Economist Pierre-Olivier Gourinchas warns that depleted strategic petroleum reserves limit future options if Middle East conflicts resume, risking higher oil prices. He also notes s
Egypt's state-asset sales, including fuel and energy stakes, satisfied IMF benchmarks to unlock $1.6 billion in financing amidst regional oil price pressures. The privatization drive aims to reduce pu
Vitol secured exclusive diesel supply rights to Zambia via the Tazama pipeline, drawing IMF criticism over open access policies. This arrangement impacts Zambia's mining-dependent economy, where fuel
IMF Chief Kristalina Georgieva stated that oil prices are expected to ease rather than plummet following the US-Iran interim peace deal, which allows resumed shipments through the Strait of Hormuz whi
IMF Managing Director Kristalina Georgieva stated the global economy is weathering Middle East war shocks despite surging commodity prices and inflation. She warned that supply disruptions remain a ri
The IMF warns the global economy remains vulnerable to Middle East war fallout affecting energy supplies, even after a US-Iran deal to reopen the Strait of Hormuz. While commodity prices and inflation
Pakistan's budget faces challenges from IMF fiscal targets and rising oil prices driving inflation to 11.7%. The government aims for 4% growth while stabilizing the economy amidst global energy constr