Search For "international monetary"
Pakistan's politicians are failing their most vulnerable people
Updated : 3 years, 1 month ago IST
No attempt was made to reduce wasteful government spending or energy usage. No attempt was made to win back external creditors who have dumped Pakistani assets, unnerved by highly irresponsible comments from key policymakers. Promises made to the IMF were broken and wild accusations were hur
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IMF chief says India, China to account for half of global growth in 2023
Updated : 3 years, 1 month ago IST
The International Monetary Fund (IMF) has said the global economy is estimated to grow less than 3 per cent in 2023, with India and China expected to account for half of global growth during the year.
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World Bank reduces Pakistan's growth forecast to 0.4 per cent
Updated : 3 years, 1 month ago IST
Increasing interest rates and uncertainty in financial markets have further enhanced pressure on Pakistan's economy, with future economic prospects heavily reliant on structural reform.
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World Bank says Pakistan urgently needs foreign loans to avoid "public deb
Updated : 3 years, 1 month 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 : 3 years, 1 month 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 : 3 years, 1 month 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 : 3 years, 1 month 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 : 3 years, 1 month 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 : 3 years, 1 month 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 : 3 years, 1 month 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 : 3 years, 1 month 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 : 3 years, 1 month 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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