"international-monetary-fund-imf"

The IMF says Pakistan’s economic problems come mainly from corruption, weak institutions and powerful groups controlling the system. Everyday people suffer while elites benefit. The report warns that without honest accountability and major reforms, the country will stay in crisis

Pakistan and the IMF reached a staff-level agreement for a $1.2 billion loan under EFF and RSF programmes, pending board approval. The IMF lauded macroeconomic progress but noted flood-related risks to growth and stressed climate resilience measures.

An IMF mission held a formal kick-off meeting with Pakistan’s economic team to review the $7 billion Extended Financing Facility and $1.1 billion Resilience and Sustainability Facility. Revenue collection shortfalls and stalled refinery investments are among key discussion points.

The IMF has approved a $350 million disbursement to Sri Lanka under its $2.9 billion bailout, bringing total support to $1.74 billion. Despite earlier opposition, the NPP-led government continues to pursue IMF-backed reforms amid economic recovery efforts.

The IMF team started high-level policy talks in Islamabad on May 19 to discuss the FY 2025-26 budget, which went on for days but apparently were inconclusive, forcing the government to delay the announcement of the budget till June 10

Defence Minister Rajnath Singh on Friday issued a clear warning against Pakistan’s alleged plans to fund terrorism using taxpayers' money and international aid, addressing troops at a military base in Gujarat's Bhuj

The disbursement of the second tranche comes on a day when the International Monetary Fund (IMF) is holding virtual discussions on Pakistan's upcoming budget, as the visit of its mission to Islamabad was delayed due to security concerns in the region

"Amid escalating war and stocks crash, we urge international partners to help de-escalate. Nation urged to remain steadfast," the official Economic Affairs Division X handle posted.

The WEF Annual Meeting 2025 served as a crucial platform for fostering dialogue, encouraging collaboration, and driving sustainable solutions to shared global challenges

The most recent World Economic Outlook report from the multilateral agency, released on Tuesday, anticipates a growth of 6.3 percent for this fiscal year.

Ambassador Taranjit Singh Sandhu received Union Finance Minister Nirmala Sitharaman on Sunday (local time).

She made the remarks on Friday during a meeting of the Development Committee of the World Bank-IMF, in Washington D.C.

While the Indian economy is on the path of overall recovery from the worst hit it took at the start of the pandemic, the situation remains volatile in the face of the rapid surge of the Omicron variant and the informal sector continues to be in the red. Quite a few international agencies have downgraded […]

Mumbai: India’s foreign exchange (forex) reserves rose by $2.229 billion to $634.965 billion for the week ended January 14, 2022, the Reserve Bank of India (RBI) data showed. The forex reserves had declined by $878 million in the previous week. According to the RBI’s Weekly Statistical Supplement, all categories of the forex reserves increased during the […]

Washington: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has urged for global cooperation to control the raging Covid-19 pandemic and support the economic recovery as the new Omicron variant has spread to over 40 countries around the world. “The global economy has continued to recover, but the recovery faces many risks, including […]

IMF scaling down India’s growth forecast is yet another grim reminder of the ongoing crisis and the tough recovery road ahead

The IMF deputy chief economist, Petya Koeva Brooks also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country's economy.

The panel noted that the COVID-19 pandemic has caused unprecedented public health, economic and social crisis, threatening the lives and livelihoods of millions.

IMF says it expects this to fall to 80% as a result of economic recovery

The reserves, which have been steadily increasing over the last few months, had touched an all-time high at $590.185 billion for the week ended January 29 this year