Search For "bailout"
IMF urges crisis-hit Sri Lanka to decide on debt restructuring, including
Updated : 2 years, 9 months ago IST
China's role as Sri Lanka's main creditor has drawn global attention, as the delay caused by China in obtaining the IMF bailout is being closely monitored and questioned. Similarly, China, being a major creditor of Sri Lanka, closely observes other countries' actions regarding an IMF bailout
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Pakistan looking towards friendly countries for funding following delay in
Updated : 2 years, 10 months ago IST
The current loan programme with the IMF will end on June 30, 2023, and Pakistan is now 'considering' a new IMF programme on renewed conditions.
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External financing requirements for IMF deal with Pakistan not changed, cl
Updated : 2 years, 10 months ago IST
On Sunday, Perez Ruiz said that external funding requirements had not changed throughout the discussions, under a review that would unlock USD 1.1 billion in financing for the cash-strapped South Asian nation as part of a USD 6.5 billion IMF package, Dawn reported.
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IMF asks Pakistan to arrange USD 8 billion for successful bailout review
Updated : 2 years, 10 months ago IST
A staff-level accord to release a USD 1.1 billion tranche out of a USD 6.5 billion IMF package has been delayed since November, with nearly 100 days gone since the last staff-level mission to Pakistan.
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IMF to discuss Pakistan's upcoming budget plans before unlocking "financin
Updated : 2 years, 10 months ago IST
Pakistan will need another IMF programme once this one ends. For that, Islamabad needs to bridge the trust gap with the lender, Dawn reported. Despite assistance from the UAE, Saudi Arabia and China, the financing gap of up to USD 2bn remains. Further, the IMF seems averse to combining the r
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IMF's staff-level agreement with Pakistan looks dicey: Report
Updated : 2 years, 10 months ago IST
Amidst very high inflation and extremely low forex reserves, the International Monetary Fund (IMF) bailout plan for Pakistan looks dicey, unless the country makes a strong case for debt sustainability, reported Daily Times.
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Pakistan is the largest recipient of ADB loans in Asia
Updated : 2 years, 10 months ago IST
According to the ADB Annual Report 2022, released on Monday, out of total disbursement of over USD 31.8 billion to 40 countries, Pakistan received loans of USD 5.58 billion.
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New Saudi Arabia reluctant to spend on unstable countries like Pakistan
Updated : 2 years, 10 months ago IST
Even if Pakistan wins Saudi Arabian support for the resumption of its IMF programme, it will only be a temporary respite. The truth is that Pakistan will not be able to secure any major package of economic support from Saudi Arabia today or in the foreseeable future because the model for suc
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World Bank suggests Pakistan end subsidies amid "dangerous" fiscal deficit
Updated : 2 years, 11 months ago IST
To improve Pakistan's economy, the World Bank, in its review report, has recommended several suggestions to the country to counter the problem -- starting with the end of subsidies.
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Amid reeling economic crisis, Pak govt hikes petrol price for next 15 days
Updated : 2 years, 11 months ago IST
Ishaq Dar, the finance minister, revealed on Saturday that the federal government has decided to raise the cost of petrol by Rs 10 per litre for the ensuing 15 days, Geo News reported.
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"IMF has no excuse to delay loan, country was not created to act like begg
Updated : 2 years, 11 months ago IST
Shehbaz Sharif also expressed his gratitude to Saudi Arabia and the United Arab Emirates. The UAE had committed a loan of USD 3 billion. He lauded the efforts of Foreign Minister Bilawal Bhutto, Finance Minister Ishaq Dar and Chief of the Army Staff Asim Munir for making efforts in this r
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IMF seeks more Pak assurances before releasing bailout package
Updated : 2 years, 11 months ago IST
The International Monetary Fund (IMF) has "welcomed" Pakistan's confirmation of having secured crucial bilateral support from key partners and said it looked forward to receiving further "financing assurances as soon as possible", which would help conclude the much-delayed ninth review of a
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