• 

  IMF approves crucial $3 Billion bailout for bankrupt Sri Lanka

  World | March 21, 2023 7:50 IST

  IMF: The International Monetary Fund (IMF) recently approved around a $3 billion bailout program for bankrupt Sri Lanka.

• 

  Sri Lanka's central bank raises interest rates in anticipation of IMF bailout

  World | March 03, 2023 21:15 IST

  The IMF facility would enable the island nation to obtain bridging finance from markets and other lending institutions such as the ADB and the World Bank.

• 

  IMF tells Pakistan to function as a country, tax the rich

  World | February 20, 2023 20:59 IST

  IMF Chief Kristalina Georgieva, in an interview with German state broadcaster Deutsche Welle, said that Pakistan needs to take strong measures to avoid getting into a dangerous place.

• 

  Pakistan is already bankrupt, IMF not the solution, says country's Defence Minister Khawaja Asif

  World | February 19, 2023 16:26 IST

  The statement from Pakistan's Defence Minister has come when Pakistan's weekly inflation is touching 39 per cent.

• 

  In Pakistan, milk now costs PKR 210 per litre, chicken meat PKR 700-780 per kg amid economic crisis

  World | February 14, 2023 19:14 IST

  Waiting for the International Monetary Fund (IMF) bailout for the 9th time, the price of one litre of milk in Pakistan is currently PKR 210, Rs 20 up from 190 per litre last week.

• 

  Pakistan to impose taxes worth Rs 170 billion to meet IMF conditions

  World | February 11, 2023 17:02 IST

  A delegation of the global lender held 10-day marathon talks with Pakistan officials to release the next tranche of USD 1.1 billion out of an already agreed loan but left on Thursday for Washington without signing a staff-level agreement.

• 

  BIG blow for Pakistan as IMF dismisses debt-management strategy, calls it 'unrealistic'

  World | February 02, 2023 17:06 IST

  In light of Pakistan's faltering economy, the International Monetary Fund rejected the country's proposed Circular Debt Management Plan (CDMP) and demanded higher power prices.

• 

  Amid blackouts and severe foreign currency shortage, Pakistan's economy at risk of collapse

  World | January 27, 2023 7:15 IST

  According to the report, rolling blackouts and a severe foreign currency shortage are making it difficult for businesses to continue operations.

• 

  Pakistan govt wary of IMF-mandated ‘tough decisions’ in election year

  World | January 24, 2023 11:32 IST

  The ruling Pakistan Muslim League (Nawaz) (PML-N) “fears that implementing some of these demands will hike the price of essential items across the board,” a source told the Dawn newspaper.

• 

  2023 will be 'tougher' than last year as world economy to slow down, warns IMF chief

  Business | January 02, 2023 17:45 IST

  Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday during a CBS news programme "Face the Nation."

• 

  IMF projects 6.8 % growth in current fiscal for India

  Business | December 23, 2022 21:47 IST

  The real GDP is projected to grow at 6.8 percent and 6.1 percent in FY2022/23 and FY2023/24 respectively, said the IMF's report on India.

Advertisement
• 

  IMF 'fully supports' India's G20 agenda for much more prosperous future amid global crisis

  Business | December 03, 2022 8:09 IST

  IMF on India's G20 agenda: Speaking to the media, Ceyla Pazarbasioglu, Director of the Strategy and Policy Review department at the IMF, said India is putting together a collective agenda for a much more prosperous future.

• 

  Cash-strapped Pakistan to receive additional USD 13 billion from China, Saudi: Report

  World | November 05, 2022 17:23 IST

  During Prime Minister Shehbaz Sharif’s recent visit to Beijing, the Chinese leadership promised to roll over USD 4 billion in sovereign loans, refinance USD 3.3 billion commercial bank loans and increase currency swap by about USD 1.45 billion — from 30 billion yuan to 40 billion yuan.

• 

  'India a bright spot on this dark horizon because...': IMF MD | WATCH

  India | December 16, 2022 12:32 IST

  India deserves to be called a bright spot on this otherwise dark horizon because it has been a fast-growing economy, even during these difficult times, but most importantly, this growth is underpinned by structural reforms, said International Monetary Fund (IMF) MD, Kristalina Georgieva.

• 

  'Logistical marvel': IMF Deputy Director Paolo Mauro praises India's digital cash transfer schemes

  Business | October 13, 2022 11:32 IST

  Top leadership of the International Monetary Fund (IMF) praised India's monetary policy, digital economy, and growth despite being faced several challenges

• 

  India doing better and in relative bright spot compared to others: IMF

  Business | October 12, 2022 11:50 IST

  Business news: The IMF on Tuesday in its World Economic Outlook projected a growth rate of 6.8 per cent in 2022 as compared to 8.7 per cent in 2021 for India.

• 

  'The worst is yet to come': IMF on global economy

  Business | October 12, 2022 6:15 IST

  "The worst is yet to come", the global financial institution's World Economic Outlook report said, Sky News reported.

• 

  IMF cuts India's economic growth forecast to 6.8% for 2022-23

  Business | October 11, 2022 23:55 IST

  Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001, except for the global financial crisis and the acute phase of the COVID-19 pandemic.

• 

  IMF provisionally agrees on USD 2.9 billion loan for crisis-hit Sri Lanka

  World | September 01, 2022 12:59 IST

  IMF staff and the Sri Lankan authorities have reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about 2.9 billion US dollars.

• 

  IMF meets Sri Lankan President to begin talks for bailout package

  World | August 24, 2022 21:08 IST

  Sri Lanka economic crisis: In its latest assessment, the World Bank has said that Sri Lanka has been ranked 5th with the highest food price inflation in the world.