International Monetary Fund (IMF)

Pakistan rupee touches a new low, could lose further until IMF deal is finalised

<p> <strong>The Pakistan rupee, which hit a fresh low of 202.83 to a US dollar on Tuesday, could continue to…

2 years ago

IMF’s austerity pill set to hurt common Pakistanis the most

<p> <strong>Pakistan's common citizens are the most concerned as they have to brace for tougher times. </strong><strong>The International Monetary Fund has…

2 years ago

World Bank’s assistance to Sri Lanka will provide Wickremesinghe the much needed breather

<p> <strong>The World Bank loan of $700 million to cash strapped Sri Lanka will provide the Ranil Wickremesinghe government the…

2 years ago

Sri Lanka’s inflation skyrockets to 29.8% in April mirroring economic decay

<p> <strong>Amid an acute economic crisis, Sri Lanka’s inflation touched 29.8 per cent in April. In March it was 18.7…

3 years ago

Is Pakistan getting rid of its China addiction by going ahead with IMF reforms?

<p> <strong>Pakistan’s newly appointed Finance Minister Miftah Ismail is likely to roll back tax exemptions and raise fuel prices with…

3 years ago

Desperate Sri Lanka seeks finance lifeline from India till IMF loan comes through

<p> While India plays a prominent role in helping its neighbour Sri Lanka come out of a deep economic crisis,…

3 years ago

Stern IMF cracks the whip on Sri Lanka–asks debt-ridden Colombo to raise taxes

<p> <strong>Debt ridden Sri Lanka, which is now looking for financial assistance from multilateral lenders including the International Monetary Fund,…

3 years ago

Will IMF continue its assistance to Pakistan amid deepening political crisis?

<p> Doubts have risen over the International Monetary Fund (IMF)'s approval of the next tranche of its $6 billion assistance…

3 years ago

Pakistan signs trade deal with Russia amid war–how will the IMF react?

<p> <strong>Pakistan has become the first country to officially sign a huge trade deal with Russia at a time when…

3 years ago

World Bank, IMF come to Ukraine’s rescue–will increase funding to war-torn nation

<p> <strong>The World Bank and the International Monetary Fund (IMF) are jointly working towards supporting Ukraine while assessing the economic…

3 years ago

Covid batters Sri Lanka–drop in tourism, expat remittances force Colombo to seek the IMF’s ‘advice’

<p> <strong>Even as a near bankrupt Sri Lanka averted a default by repaying $500 million international sovereign bond (ISB) in…

3 years ago

IMF approves $1bn to Pakistan but will Imran Khan be able to bring in more reform measures amid rising inflation

<p> <strong>Much to the relief of Pakistan Prime Minister Imran Khan, the International Monetary Fund (IMF) approved disbursement of $1…

3 years ago

Imran Khan passes mini budget to appease IMF but angers citizens

<p> <strong>Discontent has risen among the people in Pakistan as the Imran Khan government, which is looking for a financial…

3 years ago

Pakistan’s high taxes on mobiles could widen digital divide

<p> <strong>As Pakistan increased taxes on imported mobile phones, as part of the International Monetary Fund (IMF) diktat before it…

3 years ago

IMF experts warn of danger posed by cryptocurrencies

<p> IMF experts have warned that the financial stability risks posed by cryptocurrencies “could soon become systemic in some countries.”</p>…

3 years ago

Rich Pakistanis rush to hoard dollars anticipating financial meltdown

<p> Economic and political uncertainties along with devaluation of the Pakistani Rupee have led to a rise in hoarding of…

3 years ago

Afghanistan’s economy could shrink 30% this year: IMF

<p> Afghanistan’s economy could contract 30 per cent this year, the International Monetary Fund has said in a report. This…

3 years ago

Pakistan, IMF talks for fresh $1 billion loan remain inconclusive

<p> Talks between Pakistan and the International Monetary Fund (IMF) that began on October 4 for fresh loans of $1…

3 years ago

With a projected growth rate of 9.5%, India retains the fastest growing economy tag–IMF

<p> India’s with a projected growth rate of 9.5 per cent in 2021 has retained the tag of being the…

3 years ago

IMF chief’s fate hangs in balance but Europe is backing her despite China scandal

<p> The International Monetary Fund has said it will decide "very soon" whether its beleaguered managing director Kristalina Georgieva will…

3 years ago

By 2035, Sri Lanka may be left with no money even to pay pensions, says former PM

<p> In a shocking revelation, Sri Lanka’s former Prime Minister and leader of the United National Party Ranil Wickremesinghe has…

3 years ago