This latest funding marks the third and final installment of a USD 3 billion standby arrangement with the IMF, crucial for Pakistan to stave off a sovereign default, particularly as the existing arrangement is set to expire this month.
Kristalina Georgiva was selected as the managing director of International Monetary Fund (IMF) for the second term on Friday by the Executive Board of the organization.
In the letter addressed to IMF Managing Director Kristalina Georgieva, the Imran Khan-led party stated that a government without "legitimate representation, when imposed upon a country, carries no moral authority to govern, and, in particular, to carry out taxation measures".
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), ahead of the World Governments Summit 2024 (WGS), which kicks of tomorrow (Monday), in Dubai under the th
In her address, Georgieva brought attention to the staggering figure of USD 1.3 trillion spent on direct fossil fuel subsidies. She advocated for a strategic and immediate reallocation of these funds to support initiatives addressing climate change.
IMF chief Kristalina Georgieva raised concerns over the potential deepening of inequality and urged governments to take proactive measures in a Sunday blog post.
International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Wednesday said the agreement for the release of the second tranche, amounting to USD 3 billion under the Standby Arrangement (SBA) with Pakistan is expected this week, Dawn reported.
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.
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.
The World Bank posted on X, “How can developing countries become more resilient to debt risks & safeguard funding for critical needs such as healthcare & infrastructure? Kristalina Georgieva and Ajay Banga lead a high-level World Bank meetings conversation on Thursday, Oct. 12”.