IMF - The News Caravan

On: July 4, 2023

Explore the implications of the recent IMF decision to grant a $3 billion loan to Pakistan. While some Pakistanis celebrate the potential economic boost, there are concerns regarding the country’s mounting external debt, high debt-servicing costs, and strict conditions attached to the loan. Delve into the parallels drawn with historical events and contemplate the long-term sustainability of relying heavily on foreign loans. Read more to understand the potential impact on the Pakistani economy and its people.Continue Reading

Sri Lanka’s Parliament approves IMF bailout package

National

By: SAQIB SHAFI

On: April 28, 2023

[ad_1] Colombo: Sri Lanka’s Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island’s economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic. Last month, the International Monetary Fund (IMF) approved theContinue Reading

India projected to grow at 7% in 2022-23, says Sitharaman at IMF meet

National

By: SAQIB SHAFI

On: April 15, 2023

[ad_1] Union Finance Minister Nirmala Sitharaman- Twitter New Delhi: Finance Minister Nirmala Sitharaman on Friday said that with both the International Monetary Fund (IMF) and the World Bank having projected India as the fastest growing major economy in 2023, it will stay on course and is projected to grow atContinue Reading

IMF stands its ground, refuses to show any flexibility towards Pakistan

National

By: SAQIB SHAFI

On: April 14, 2023

[ad_1] Islamabad: The International Monetary Fund (IMF), Pakistan’s only hope for a bailout from its crippling economic conditions and looming threats of a meltdown, does not seem to be ready to show any restraint in its demands and expectations from the current Shehbaz Sharif government, as it snubbed Islamabad’s recentContinue Reading

India, China to account for half of global economic growth in 2023: IMF chief

National

By: SAQIB SHAFI

On: April 7, 2023

[ad_1] Washington: The IMF chief on Thursday said that the world economy is expected to grow at less than 3 per cent this year, with India and China expected to account for half of global growth in 2023. International Monetary Fund (IMF) managing director Kristalina Georgieva warned that a sharpContinue Reading

‘Something is going to go boom’: IMF chief warns of a more fragile global economy

National

By: AdminTNC

On: April 6, 2023

[ad_1] But she said she did not think the world economy was headed toward a replay of the 2008 global financial crisis, despite problems in the banking sector that have surfaced in the United States and Switzerland. “This is not 2008,” even though the high-profile collapse of Silicon Valley BankContinue Reading

Global economy heading for weakest period of growth since 1990: IMF chief

National

By: SAQIB SHAFI

On: April 6, 2023

[ad_1] Washington: The global economy is heading for the weakest period of growth since 1990 as higher interest rates set by the world’s top central banks drive up borrowing costs for households and businesses, the head of the International Monetary Fund has warned, a media outlet reported. Kristalina Georgieva, theContinue Reading

Sri Lanka settles India’s credit line from very 1st IMF tranche

National

By: SAQIB SHAFI

On: March 25, 2023

[ad_1] Colombo: Sri Lanka has used the very first tranche of the IMF loan of $330 to repay part of Indian credit line. State Minister for Finance Ranjith Siyambalapitiya told media that $120 million was used to settle the loan taken from India. “Over the recent past India gave creditContinue Reading

IMF Projects UK Economy to Keep Shrinking as Rishi Sunak Marks 100 Days in Office

Kashmir

By: AdminTNC

On: March 22, 2023

[ad_1] Prime Minister Rishi Sunak marked 100 days in office last month. The International Monetary Fund and UK economists predicted that the UK economy would continue to shrink, despite the PM’s best efforts to stabilize the country’s markets. The same report predicted that China and India’s economies would account forContinue Reading

Pak finance minister hopeful of signing bailout deal with IMF this week

National

By: SAQIB SHAFI

On: March 9, 2023

[ad_1] Islamabad: Pakistan’s Finance Minister Ishaq Dar vowed on Thursday that the government was “absolutely committed” to completing the current USD 7 billion bailout programme with the IMF, once again indicating that the cash-strapped country could sign the staff-level agreement with the global lender this week. The Pakistan government isContinue Reading