Tue, 21-Oct-2025

Slow progress as Lebanon awaits IMF economic deal

IMF

BEIRUT: Lebanon is mired in an economic crisis branded by the World Bank as one of the worst in modern times, but officials are yet to strike an international bailout deal. The financial meltdown began in 2019, and Lebanon defaulted on its debt last year. Politicians have failed to enact significant reforms to rescue the Mediterranean … Read more

Spain’s Calvino elected head of IMF advisory committee

Spain

WASHINGTON: The Spanish government’s First Vice President Nadia Calvino was elected chair of the group of finance ministers and central bankers that advises the IMF’s board, the organization announced Thursday. Calvino, who is also her country’s economy minister, replaces Swedish Prime Minister Magdalena Andersson as head of the International Monetary and Financial Committee (IMFC), and will … Read more