An interfaith delegation of the Indian Minorities Foundation (IMF) has censured the attempts to "misrepresent" the facts and the bias shown by the Western agencies towards India, concerning religious freedom in the country.
She said central banks must remain resolute in keeping policies tight and recognize that insufficient monetary tightening now may necessitate even more painful actions down the road
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.
The IMF official said the country's economic prospects hinge quite critically on the implementation of the economic reform program it had agreed in particular for five key areas.
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.
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.
The foreign exchange reserves continued their downward trend and fell to USD 4.38 billion in the week ending May 5, central bank data showed on Thursday.
According to the sources, Pakistan has been asked to present a repayment plan for a USD 3.7 billion loan to the IMF in June as well as needs to demonstrate stronger support from friendly nations in order to meet the commitment.