Search For "international monetary fund"
Pakistan's foreign reserves continue to decline due to loan repayment
Updated : 2 years, 1 month ago IST
The foreign exchange reserve continued its downward trend and recorded at USD 8.21 billion as of January 26 which is a USD 54 million drop compared to the previous week at USD 8.27 billion, said the State Bank of Pakistan (SBP) report.
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IMF says Asia on track to again deliver two-thirds to global growth in 202
Updated : 2 years, 1 month ago IST
Asia is on track to again deliver two-thirds of global growth in 2024, as it did in 2023, said Krishna Srinivasan, Director of the IMF's Asia and Pacific Department. At a press conference on the Regional Economic Outlook, the IMF official said the news on the inflation front has also been
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IMF lowers Pakistan's economic growth forecast to 2% for current fiscal ye
Updated : 2 years, 1 month ago IST
The International Monetary Fund (IMF) on Tuesday lowered Pakistan's economic growth forecast to two per cent for the current fiscal year, down 0.5 percentage points from its October estimate of 2.5 per cent, Dawn newspaper reported.
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IMF projects India as fastest growing economy in 2024, raises concerns ove
Updated : 2 years, 1 month ago IST
The International Monetary Fund (IMF) in its growth forecast for 2024, has predicted that India will emerge as the fastest-growing economy yet again with a robust growth of 6.5 per cent.
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Pakistan faced worst economic crises in 2023: Human Rights Watch
Updated : 2 years, 1 month ago IST
Human Rights Watch observed that the insistence of the International Monetary Fund (IMF) on austerity and the removal of subsidies without adequate compensatory measures resulted in additional hardship for low-income groups in Pakistan.
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Pakistan receives tranche of USD 700 mn from IMF amid economic crisis
Updated : 2 years, 1 month ago IST
The loan was approved after the IMF Executive Board completed its first review last week, bringing the total disbursements under the USD 3 billion Standby Arrangement (SBA) to about USD 1.9 billion.
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IMF's Gita Gopinath calls for good quality data for climate financing
Updated : 2 years, 1 month ago IST
First Deputy Managing Director at the International Monetary Fund (IMF), Gita Gopinath, called for a need for a solid information architecture for the banking sector when it comes to funding climate infrastructure projects.
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China "few more months" away from US in race for AI supremacy: US senator
Updated : 2 years, 1 month ago IST
The Biden administration's recent decision to tighten controls on the export of advanced AI chips to China is seen as a strategic move to maintain a competitive edge for "a few more months."
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Nearly 40 pc of global employment could be disrupted by Artificial Intelli
Updated : 2 years, 2 months ago IST
IMF chief Kristalina Georgieva raised concerns over the potential deepening of inequality and urged governments to take proactive measures in a Sunday blog post.
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IMF approves USD 700 mn loan for Pakistan
Updated : 2 years, 2 months ago IST
Amid the crippling economic woes in Pakistan, the Executive Board of the International Monetary Fund (IMF) completed its first review of the country's economic reform programme and allowed the immediate disbursement of USD 700 million, ARY News reported on Thursday.
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Kazakhstan bags leading position in GDP growth among Central Asian countri
Updated : 2 years, 2 months ago IST
Kazakhstan has bagged a leading position in Gross Domestic Product (GDP) among the Central Asian countries and the Commonwealth of Independent States (CIS), Finprom financial and business analytical service reported, according to the Astana Times.
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IMF projects 6.3% growth for India in 2023-24 says growth supported by mac
Updated : 2 years, 2 months ago IST
The Indian economy is projected to grow at 6.3 per cent in the current financial year and the next, the International Monetary Fund (IMF) said in a report.
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