Search For "international monetary fund"
World Bank says Pakistan urgently needs foreign loans to avoid "public deb
Updated : 2 years, 11 months ago IST
The World Bank in its flagship report 'Pakistan Development Update' warned Pakistan regarding serious dangers to its economic and debt viability while predicting almost flat economic growth.
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Ukraine receives first tranche of USD 2.7 billion financial aid from IMF
Updated : 2 years, 11 months ago IST
Ukraine has received the first tranche of USD 2.7 billion from a new International Monetary Fund (IMF) EEF program, CNN reported quoting Ukrainian Finance Minister Sergii Marchenko.
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State Bank of Pakistan likely to raise interest rate to unlock IMF loan pr
Updated : 2 years, 11 months ago IST
The staff-level agreement between the International Monetary Fund (IMF) and Pakistan was scheduled to take place on February 9.
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Pakistan's inflation soars to 35.4 per cent in March, highest since 1965
Updated : 2 years, 11 months ago IST
Pakistan's year-on-year inflation hit 35.37 per cent in March -- the highest in nearly five decades -- as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.
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Pak Finance Ministry warns inflation to increase further
Updated : 2 years, 11 months ago IST
According to Pakistan's newspaper, the second-round effect of the policy decision had led to decisions like a rise in energy and fuel prices, the central bank's policy rate, and the rupee's depreciation to secure International Monetary Fund's funding.
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Pakistan waiting for China's decision on its request for rollover of loan
Updated : 2 years, 11 months ago IST
Such a rollover is critical for Pakistan, whose foreign exchange reserves have fallen to four weeks' worth of imports at a time when it is seeking a $1.1 billion IMF bailout tranche.
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China's premier Li resists new Cold War in warning to US
Updated : 2 years, 11 months ago IST
In a keynote address at the Boao Forum for Asia, Li insisted China "will always be a builder of world peace, a contributor to global development and a defender of international order" despite growing concerns over China's arms buildup and increased military pressure on Taiwan, which Beijing
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Pakistan's political turmoil delivers more twists as key provincial electi
Updated : 2 years, 11 months ago IST
The unrest came as Pakistan faces delays in accessing crucial assistance from the International Monetary Fund, further exacerbating the instability.
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Pakistan's economy spiralling out of control as friendly nations refuse t
Updated : 2 years, 11 months ago IST
Pakistan is in a fix as it has entered into a vicious cycle of borrowing loans to pay off the debts it had taken earlier, thus displaying the scenario that the country's economy will spiral out of control as even friendly countries refused to provide any more easy financial bailout or intere
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No talks with Imran Khan unless he apologises to public: Pak PM Shehbaz Sh
Updated : 2 years, 11 months ago IST
Talks between the central government and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan will be possible only if the former prime minister admits his wrongdoing and apologises to the people for all the things he has done, Pakistan Prime Minister Shehbaz Sharif said, Geo News reported.
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China now bails out countries after pushing them into 'debt-trap'
Updated : 2 years, 11 months ago IST
American officials have accused China of engaging in "debt trap diplomacy" that is saddling countries with excessive debt for construction projects carried out by Chinese companies often using Chinese engineers, Chinese workers and Chinese equipment.
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India, US, Japan secure USD 2.286 bn IMF bailout for Sri Lanka
Updated : 2 years, 11 months ago IST
After a protracted battle by India, the United States and Japan to get China to agree to restructure its massive loan of USD 7bn to Sri Lanka, the International Monetary Fund (IMF) approved the USD 2.286 billion (about USD 3bn) bailout for Sri Lanka on March 20. The Sri Lankan government und
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