International Monetary Fund (IMF)

“A logistical marvel” says IMF on India’s direct cash transfer scheme“A logistical marvel” says IMF on India’s direct cash transfer scheme

“A logistical marvel” says IMF on India’s direct cash transfer scheme

The International Monetary Fund (IMF) on Wednesday hailed the deployment of the cash transfer scheme in India and described it…

3 years ago
Are foreign investors packing their bags for India–the fastest growing major economy?Are foreign investors packing their bags for India–the fastest growing major economy?

Are foreign investors packing their bags for India–the fastest growing major economy?

Indian economic managers are unfazed by the revision of the country’s GDP growth projections. The International Monetary Fund (IMF) on…

3 years ago
India to grow at around 7% this year despite headwinds: SitharamanIndia to grow at around 7% this year despite headwinds: Sitharaman

India to grow at around 7% this year despite headwinds: Sitharaman

Finance Minister Nirmala Sitharaman has said that India is likely to register a growth rate of about 7 per cent…

3 years ago
Can Sri Lanka downgrade from middle-income to low-income country to get foreign funds?Can Sri Lanka downgrade from middle-income to low-income country to get foreign funds?

Can Sri Lanka downgrade from middle-income to low-income country to get foreign funds?

With Sri Lanka still on a weak wicket on the economic and financial fronts, it is looking at newer ways…

3 years ago
More worries for Pakistan’s exporters as Finance Minister vows to prop up local currencyMore worries for Pakistan’s exporters as Finance Minister vows to prop up local currency

More worries for Pakistan’s exporters as Finance Minister vows to prop up local currency

Will ‘Daronomics’ as Pakistan’s Finance Minister Ishaq Dar’s policies are referred to, lead to a further dent on the country’s…

3 years ago
Another red flag goes up as Pakistan’s forex reserves dip below $8 billion markAnother red flag goes up as Pakistan’s forex reserves dip below $8 billion mark

Another red flag goes up as Pakistan’s forex reserves dip below $8 billion mark

Pakistan’s foreign exchange reserves have dipped below the psychological $8 billion mark to touch $7.8 billion during the week ended…

3 years ago
Pakistan’s new Finance Minister will find it hard to clear the financial messPakistan’s new Finance Minister will find it hard to clear the financial mess

Pakistan’s new Finance Minister will find it hard to clear the financial mess

All eyes are on Pakistan’s new Finance Minister Ishaq Dar who completes a week in office. Needless to say, his…

3 years ago
Will IMF continue its loan programme under Pakistan’s new finance minister?Will IMF continue its loan programme under Pakistan’s new finance minister?

Will IMF continue its loan programme under Pakistan’s new finance minister?

As Pakistan is now set to get a new finance minister-- senior member of Pakistan Muslim League – N (PML-N)…

3 years ago
Is Pakistan once again on the brink of default?Is Pakistan once again on the brink of default?

Is Pakistan once again on the brink of default?

Pakistan’s devastating floods which could cost more than $30 billion to the exchequer have once again sparked fears of a…

3 years ago
IMF loan not enough to help Pakistan’s economy, says country’s top public think tankIMF loan not enough to help Pakistan’s economy, says country’s top public think tank

IMF loan not enough to help Pakistan’s economy, says country’s top public think tank

The much-hyped revival of the International Monetary Fund’s (IMF) bailout package under the Extended Fund Facility (EEF) for Pakistan is…

3 years ago
Are Pakistani and Chinese utilities set to quarrel over electricity payments?Are Pakistani and Chinese utilities set to quarrel over electricity payments?

Are Pakistani and Chinese utilities set to quarrel over electricity payments?

Power crisis is deepening in Pakistan. Scores of people in the country are living in the dark as power generation…

3 years ago
Pakistan’s forex reserves depleting again despite IMF assistancePakistan’s forex reserves depleting again despite IMF assistance

Pakistan’s forex reserves depleting again despite IMF assistance

Pakistan is once struggling with dwindling foreign exchange reserves despite the International Monetary Fund (IMF) assistance. After the country’s forex…

3 years ago
Is China arm-twisting Sri Lanka as price to restructure loan?Is China arm-twisting Sri Lanka as price to restructure loan?

Is China arm-twisting Sri Lanka as price to restructure loan?

Sri Lankan President Ranil Wickremesinghe said on Thursday that the Indian Ocean region should be open to all for freedom…

3 years ago
Sri Lanka approaches Japan, China and India to restructure debtSri Lanka approaches Japan, China and India to restructure debt

Sri Lanka approaches Japan, China and India to restructure debt

Sri Lanka plans to hold debt restructuring talks with Japan, China and India—its three largest bilateral creditors. This follows successful…

3 years ago
How Pakistan’s Kashmir obsession is obstructing flow of Indian humanitarian supplies to flood-hit nationHow Pakistan’s Kashmir obsession is obstructing flow of Indian humanitarian supplies to flood-hit nation

How Pakistan’s Kashmir obsession is obstructing flow of Indian humanitarian supplies to flood-hit nation

The devastating floods in Pakistan, which could cost more than $10 billion to the exchequer, has largely undone the gains…

3 years ago

Quad backs Sri Lanka to salvage economy: Dr Srimal Fernando

Sri Lanka has seen one of its worst years—the government decided to default on its external debt, widespread shortages of…

3 years ago

For India, trade with Pakistan is not a priority

Pakistan Prime Minister Shehbaz Sharif’s stand that trade with India will not be resumed until the Kashmir issue is resolved…

3 years ago

Pakistanis fear hunger pangs after massive floods damage crops

Massive destruction of crops in Pakistan due to the torrential rains and floods has already started impacting the country’s food…

3 years ago

IMF board to meet tomorrow to discuss Pakistan’s bailout package

The executive board of the International Monetary Fund (IMF) will meet tomorrow to discuss the issue of disbursement of the…

3 years ago

IMF team coming to Colombo for assessing Sri Lanka’s debt burden

<p> An IMF team is arriving in Colombo this Wednesday to assess the total external and internal debt of bankrupt…

3 years ago

Pakistan’s weekly inflation scales 42% amid political churn

<p> <strong>High food and fuel prices have pushed Pakistan’s weekly inflation for the week ended August 5 to a record…

3 years ago