The global financial stability risks have increased since April and have led the balance of risks to be skewed to the downside, the International Monetary Fund (IMF) said in its updated 2022 Global Financial Stability Report on Tuesday

Poor and middle class Americans are increasingly facing the prospects of hunger as a result of record inflation and the end of temporary benefits from the US federal government, Bloomberg reported on Tuesday

The Finance Minister said that they recieved the Letter of Interest (LOI) copy and they would send it back to the IMF's executive board on Monday.