Pakistan’s economy suffers major setback as IMF denies $6 billion loan
The International Monetary Fund (IMF) has dealt another blow to Pakistan’s economy by rejecting the country’s claim of fulfilling the conditions necessary to secure a...
Tag : IMF
World Bank and IMF leaders to discuss global economic challenges at 2023 spring meetings
World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva will launch the 2023 Spring Meetings in Washington, D.C. with a discussion on...
A third of world economies will be in recession by 2023 – IMF chief
The International Monetary Fund (IMF) chief Kristalina Georgieva warns that this year will be tougher on the global economy than last year. In a CBS...
Debt forgiveness by late 2023, IMF staff agreement with Somalia
A team from the International Monetary Fund (IMF) reached an agreement with Somalia that will allow the release of about $10 million to that country...
Asian central banks have been urged by the IMF to tighten policy further
The International Monetary Fund has stated that most Asian central banks must tighten monetary policy further. This is because rising commodity prices and their currencies’...
Emergency aid of $160 million to be sought by the UN for Pakistan floods
It is anticipated that the United Nations (UN) and Pakistan will appeal on behalf of the nearly half a million displaced persons as a result...
Indian economic growth is expected to be 7.4 percent this year and next
Indian Finance Minister Nirmala Sitharaman said the Indian economy will grow at 7.4 percent this fiscal year and next. International Monetary Fund (IMF) and World Bank...
Preliminary agreement between Sri Lanka and the IMF is expected
In a statement, the head of Sri Lanka’s central bank said that he hopes that the government can reach a preliminary agreement with the International...
Pakistani rupee hits historic all time low of 200 against the US dollar
Pakistan’s rupee (PKR) has reached an all-time historic low against the US Dollar on the open market. Pakistani media reported that PKR traded at 197.61...