This development has prompted a special meeting of the Economic Coordination Committee (ECC) to convene, where discussions will revolve around a remarkable 3,900 per cent surge in fixed monthly charges and a substantial 194 per cent hike in consumer rates for natural gas.
Georgieva expressed her appreciation for Nancy Onyango's dedication and contributions during her six-year tenure, emphasizing the importance of Onyango's role in ensuring transparency and accountability within the Fund.
The International Monetary Fund (IMF) has reportedly proposed tight austerity conditions in Pakistan's development budget and expressed concern over the allocation of funds for new projects in the current financial year, ARY News reported.
A delegation from the Executive Office of Anti-Money Laundering and Counter Terrorism Financing and the Executive Office for Control and Non-Proliferation has visited Washington, DC, and met with officials from the US government, the World Bank Group, the International Monetary Fund, the Ins
The UAE Ministry of Finance participated in the fourth and final G20 Finance Ministers and Central Bank Governors meeting under the Indian Presidency, which took place on the sidelines of the World Bank Group and the International Monetary Fund annual meetings, held in Marrakech, from Octobe
"I think the economy is on the right track in terms of meeting the objective of the program, getting inflation under control and addressing macroeconomic challenges given the difficult global environment," IMF Director for the Asia and Pacific Department (APD) Krishna Srinivasan said on Frid
The overall macroeconomic environment in India is "pretty sound", it is fiscally disciplined and the central bank moved fast to bring inflation under control, said the International Monetary Fund (IMF).
Finance Ministers and Central Bank Governors (FMCBGs) of G20 nations under India's Presidency have adopted the roadmap for crypto regulation as was proposed by the International Monetary Fund (IMF) and Financial Stability Board (FSB) before the New Delhi Summit in September.
In a world marked by severe shocks, slow growth, and economic fragmentation, Georgieva unveiled her Global Policy Agenda, emphasizing that many nations and communities are grappling with the consequences of natural disasters and conflicts, such as the ongoing war in Ukraine and the Middle Ea
Calling the deadly Hamas attack on Israel "heartbreaking", the International Monetary Fund said that the attack is a new cloud "darkening" the horizon of the world economy.
Many emerging market economies proved quite resilient and surprised on the upside, with China an exception, which was facing growing headwinds from its real estate crisis and weakening confidence, IMF noted in its latest World Economic Outlook report, released on Tuesday.