IMF

IMF Grants $3 Billion Loan to Pakistan: A Cause for Celebration or Concern?

SAQIB SHAFIJuly 4, 2023July 4, 202325 mins

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.

National

Sri Lanka’s Parliament approves IMF bailout package

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[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 the bailout programme to help Sri…

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

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National

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

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[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 recent request to show flexibility and…

National

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AdminTNCApril 6, 202305 mins

[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 Bank last month has conjured up…

National

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

SAQIB SHAFIApril 6, 202304 mins

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National

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SAQIB SHAFIMarch 25, 202302 mins

[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 credit lines to import much-needed essentials,…

Kashmir

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National

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

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[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 is in a race against time…

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IMF Grants $3 Billion Loan to Pakistan: A Cause for Celebration or Concern?

Sri Lanka’s Parliament approves IMF bailout package

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

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

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

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

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

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

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

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