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[ad_1] Bengaluru: IMF Managing Director Kristalina Georgieva on Saturday said there is an urgent need to strengthen the international financial architecture, especially in the area of debt resolution and Global Financial Safety Net at a time when global growth is set to slow in 2023. Terming India a relative bright spot, she said, it is…
[ad_1] Colombo: Sri Lankan President Ranil Wickremesinghe on Tuesday emphasised that seeking the IMF bailout package was the only option available to the debt-ridden country to overcome the ongoing economic crisis. “When a country goes bankrupt, it has to go to the International Monetary Fund. Apart from that, there is no other organisation in the…
[ad_1] ANi Islamabad: The Pak Federal Investigation Agency (FIA) has sought permission from the Interior Ministry to arrest former Finance Minister Shaukat Tarin in a case pertaining to his alleged role in the derailment of the deal with the International Monetary Fund (IMF), a media outlet reported. The FIA completed a preliminary inquiry into Tarin’s…
[ad_1] Islamabad: Tough times are ahead for Pakistan as Islamabad and the International Monetary Fund (IMF) have failed to reach a staff-level agreement on a much-needed USD 1.1 billion bailout package aimed at preventing the country from going bankrupt. Analysts believe that the current economic crisis in Pakistan is a culmination of decades of faulty…
[ad_1] Washington: Cash-strapped Pakistan and the IMF have failed to reach a staff-level agreement on a much-needed USD 1.1 billion bailout package aimed at preventing the country from going bankrupt. After 10 days of talks here, discussions between the two sides remained inclusive, with the Washington-based global lender saying that discussions will continue virtually in…
[ad_1] Islamabad: The IMF has expressed concern that Pakistan’s opposition parties might create hurdles in the way of implementing the tough economic decisions of the cash-strapped Shehbaz Sharif-led government, media reports said on Wednesday. The views of the global lender came as a high-level delegation led by the International Monetary Fund (IMF) Mission Chief Nathan…
[ad_1] London: British Prime Minister Rishi Sunak’s office has been forced to defend the country’s economic performance on Tuesday after a dire International Monetary Fund (IMF) forecast that the UK is set to fare worse than any other country in the developed world. In the latest update of its economic forecasts, the IMF said that…
[ad_1] Washington: India’s economy has retained the crown of “a bright spot” in the International Monetary Fund’s latest World Economic Outlook report released on Monday and it is slated to account for half of the global growth in 2023, compared to just a tenth coming from the combined might of the US, the world’s largest…
[ad_1] Global growth is slowing down less than previously expected, the International Monetary Fund said Tuesday in its updated World Economic Outlook. World output is set to grow by 2.9 percent this year, down from 3.4 percent in 2022, weighed down by tightening monetary policy and the war in Ukraine. That’s an increase of 0.2…
[ad_1] Islamabad: An international Monetary Fund (IMF) delegation will visit Pakistan next week to discuss the ninth review of the USD 7 billion Extended Fund Facility, Dawn reported citing the official. According to the statement released by the IMF, the international fund organization Resident Representative for Pakistan Esther Perez Ruiz said: “At the request of…