El Salvador's Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with a key international lender to make acceptance of the cryptocurrency voluntary.

El Salvador has rescinded Bitcoin’s status as a full legal tender in order to close a deal with the International Monetary Fund (IMF), leaving Bitcoin (BTC) advocates split over what this means for adoption in the country.

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Samoa on January 16, 2025 and endorsed the staff appraisal without a meeting on a lapse-of-time basis.

Greece's economy is projected to grow 2.1% in 2025, mainly driven by investment, the International Monetary Fund mission said on Thursday, adding that any crisis in major euro area countries as well as global uncertainties could hamper growth.

The IMF delegation is set to visit Pakistan twice before June to review economic performance and discuss key financial targets. Successful talks could lead to the release of a $1 billion loan tranche.

The International Monetary Fund, IMF, and the World Trade Organisation, WTO, both have a remit to monitor and review the economic developments and policies of their members. The aim, for the IMF, is to ensure that countries manage their economies and finances well to prevent financial instabilities both nationally and internationally.

Russia’s representative to the International Monetary Fund’s executive board has received permission by Washington to move to the US, a reprieve from sanctions imposed in response to the 2022 invasion of Ukraine.

The International Monetary Fund has warned that US economic policies under incoming president Donald Trump could hit the rest of the world and ultimately backfire on the US. The IMF says a threatened wave of tariffs could make trade tensions worse, lower investment, hit market pricing, distort trade flows and disrupt supply chains.

A delegation from the Opposition United National Congress (UNC) raised concerns about the country's foreign exchange challenges and the status of the Dragon Gas project during a meeting with represent

El Salvador has rushed to approve an amendment that will keep it compliant with the terms of its $1.4 billion IMF loan.

With the European economy lagging behind the United States, the head of the International Monetary Fund had a piece advice for the continent on Friday: "Believe in yourself."

The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation with the Republic of Kazakhstan on a lapse of time basis on November 27, 2024.