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The country's economy is currently in a "tailspin" due to the IMF's holdup in releasing financing

Global Growth Likely To Fall From 3.4% In 2022 To 2.9% In 2023: IMF

Global inflation is expected to fall from 8.8 per cent in 2022 to 6.6 per cent in 2023 and 4.3 per cent in 2024, still above pre-pandemic (2017–19) levels of about 3.5 per cent

Poor Countries Will Require $500 Bn In External Financing By 2026: IMF

According to the IMF, the fiscal position of low-income countries is increasingly under stress as governments ramped up spending to address the impact of the pandemic and the war in Ukraine and protect the vulnerable from high food and fuel prices, resulting in increased debt vulnerabilities

Sri Lanka May Miss Next Month’s IMF Loan Deadline: Analysts

According to a Lankan newspaper, if the country misses the December IMF deadline, it will have to wait until March 2023 to receive a USD 2.9 billion loan from the IMF in eight equal instalments

Global Economic Outlook Gloomier Than Projected Last Month: IMF

The global lender last month cut its global growth forecast for 2023 to 2.7 per cent from a previous forecast of 2.9 per cent

Sri Lanka’s Inflation Rate Eases To 66% Amid Economic Crisis

Easing inflation rate could be the result of the decrease in fuel price, which has lowered twice in October, however, the inflation rate is still higher than the previous year

IMF Should Increase Resources For Emerging & Low-Income Countries: FM Sitharaman

The FM urged IMF to avail more resources for emerging nations to help safeguard global financial system

Asia Sails Into Headwinds From Rate Hikes, War, China Slowdown: IMF

"Asia’s strong economic rebound early this year is losing momentum, with a weaker-than-expected second quarter," it said

IMF Slashes India’s FY 2022-23 Growth Forecast To 6.8%

The United States (US) is likely to grow at 1 per cent while Russia, Italy, and Germany were forecast to suffer a decline in economic growth, the IMF said

Crisis-Hit Sri Lanka Strikes Staff-Level Pact With IMF On Loan-Report

The island nation, struggling with its worst economic crisis in more than seven decades, had sought up to USD three billion from the IMF

Former CEA K Subramanian Appointed As Executive Director For India at IMF

Subramanian's term will begin from November and will continue for a period of three years or until further orders, whichever is earlier

IMF Wants Stability In Sri Lanka To Resume Talks On Bailout Deal