Search For "extended fund facility"
Pakistan to formally approach IMF for fresh bailout package in upcoming an
Updated : 1 year, 11 months ago IST
Pakistan has decided to formally approach the global lender, the International Monetary Fund (IMF) for the medium-term Extended Fund Facility (EFF) during the upcoming annual spring meetings of the Bretton Wood Institutions (BWIs).
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Sri Lanka needs to finalize deals with creditors ahead of second review in
Updated : 2 years, 3 months ago IST
International Monetary Fund (IMF) Senior Mission Chief for Sri Lanka Peter Breuer has said the country needs to enter into agreements with its official and private creditors before the second review of the Extended Fund Facility (EFF), which is expected to be concluded by the end of the firs
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Pak: Remittances plunge 22 pc in July-August as expats use informal channe
Updated : 2 years, 6 months ago IST
Remittances in Pakistan decreased by 22 per cent in the first two months of the fiscal year, as expatriate workers chose unauthorised methods to send money home amid the widening gulf between official and unofficial currency rates, The News International reported.
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IMF deal expected in next 24 hours: Pakistan Finance Minister Ishaq Dar
Updated : 2 years, 8 months ago IST
The Pakistan government is racing against time to unlock at least USD 1.1 billion under the lender's ninth review of a USD 6.5-billion Extended Fund Facility agreed in 2019. The programme expires on Friday.
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Pakistan: IMF executive meeting scheduled without Pakistan
Updated : 2 years, 8 months ago IST
As the ninth review under the Extended Fund Facility (EFF) programme still remain pending, the International Monetary Fund (IMF) Executive Board has issued meetings scheduled till June 29 without Pakistan.
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Sri Lankan envoy interacts with commercial diplomats concurrently accredit
Updated : 2 years, 10 months ago IST
Sri Lanka's High Commissioner to India Milinda Moragoda had an interactive session with the New Delhi-based Trade Commissioners/ Commercial Diplomats concurrently accredited to Sri Lanka today at the High Commission premises.
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Pakistan: IMF restraints hopes of early deal, foreign banks reluctant due
Updated : 2 years, 11 months ago IST
In a statement, Nathan Porter, IMF Mission Chief to Pakistan, said that the IMF "looks forward to obtaining the necessary financing assurances as soon as possible to pave the way for the successful completion of the 9th Extended Fund Facility (EFF) review".
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IMF's 'Pakistan' dilemma in lending: Report
Updated : 2 years, 11 months ago IST
Pakistan has implemented a series of policy measures, including higher taxes, higher energy prices, and raising interest rates to their highest level in 25 years in order to unlock funding from the IMF's stalled USD 6.5 billion lending programme
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Of Sri Lanka's total USD 3-bln IMF package, USD 330-mln to be immediately
Updated : 2 years, 11 months ago IST
Sri Lanka has been facing a severe economic crisis as a result of past policy missteps and economic shocks.
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IMF Executive Board approves USD 3 billion under New Extended Fund Facilit
Updated : 2 years, 11 months ago IST
Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis. The economy is facing significant challenges stemming from pre-existing vulnerabilities and policy missteps in the lead-up to the crisis, further aggravated by a series of external shocks, according to a release
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Sri Lankan President expresses gratitude to IMF for approving Sri Lanka's
Updated : 2 years, 11 months ago IST
"I thank the IMF for approving Sri Lanka's program under the Extended Fund Facility. We are committed to full transparency in our efforts to achieve sustainable levels of debt and our reform agenda. The IMF program is critical to achieving this vision," the Sri Lankan President tweeted on M
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IMF loan delay pushing Pakistan economy "into a tailspin": Report
Updated : 3 years ago IST
Pakistan is in panic after the IMF team that came to negotiate the details left without reaching a final agreement last week. Even though Finance Minister Ishaq Dar and Prime Minister Shehbaz Sharif agreed to all the preconditions. And now Pakistan increased the petrol price which is increas
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