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Imf News
IMF approves $3.5 billion loan agreement for cash-strapped Ivory Coast
The move will help the country tackle the "triple shocks" of the Covid-19 pandemic, global monetary tightening, and Russia's invasion of Ukraine, according to the statement from the IMF.
Lengthy internal debate over US debt battle 'unnecessary' for world economy, says IMF chief
The struggle over US borrowing limits between US President Joe Biden and opposition Republicans has spooked international markets, with an early June deadline nearing
Sri Lanka must complete debt restructuring process by September, reiterates IMF
The IMF extended a roughly $3 billion rescue facility to debt-ridden Sri Lanka on March 20, helping to stabilise the country's economy following a disastrous economic crisis last year
UK economy is no longer to fall into a recession in 2023, says IMF
British gross domestic product now looks set to grow by 0.4% in 2023, said the IMF said . In April, it forecast a contraction of 0.3%, the weakest outlook of any major economy.
Pakistan economy braces for big jolt as Imran Khan confronts military
The Pakistani rupee is expected to fall by another 20%, according to some economists, who are raising alarms about a catastrophic plunge. Bond managers are facing the possibility of a sovereign default as a result of the heightened tensions following Imran Khan's detention last week
As inflation seems to be easing, RBI's Monetary Policy Committee should wait and watch
An uncertain monsoon, high inflation until February, but a confident growth potential call on the regulator to wait at least until August, keeping the repo rate unchanged in June
Pakistan may turn to China for bailout if IMF does not resuscitate bailout program, says report
Cash-strapped Pakistan, which is also facing political turmoil, has adopted the policy of import restrictions to manage its economy in order to avert default
How Pakistan's worsening political situation dampens hopes for aid from the IMF
Pakistan's rupee has lost nearly 50 per cent over the past 12 months. On Wednesday, the currency tumbled some two per cent to a fresh record low of 290 to the dollar. The latest political crisis engulfing Pakistan is eroding hopes to get its much-needed programme with the IMF back on track soon
Pakistan may default if IMF denies bailout, warns Moody's
The possibility of a delay in a loan from the IMF has been increased by political unrest in Pakistan ahead of this year's elections. The arrest of former premier Imran Khan by the Pakistan Army and the subsequent violence across Pakistan has not helped matters
IMF raises economic outlook for Asia; sees India, China to contribute half of global growth in 2023
"Asia and Pacific will be the most dynamic of the world's major regions in 2023, predominantly driven by the buoyant outlook for China and India," the IMF said in its regional economic outlook report.
Kill the inflation beast with rate hikes: IMF urges to European central banks
The European Central Bank (ECB) as well as other other central banks in the region have since last year followed the US Federal Reserve in hiking interest rates to rein in inflation
'Crisis in Pakistan deep enough to attract military takeover'
Former Pakistan PM Shahid Khaqn Abbasi said martial law always remained a possibility if the system failed or when there was a conflict between institutions and the political leadership was unable to chart a way forward
Army chief played role in securing funds from Saudi & UAE to fulfill IMF pre-conditions, says Pakistan PM
Debt-ridden Pakistan and the IMF have failed to reach a staff-level agreement on the much-needed USD 1.1 billion bailout package aimed at preventing the country from going bankrupt.
IMF chief sees 'tangible progress' on debt restructuring difficulties, urges nations to seek help earlier
Kristalina Georgieva stated at a press conference held during the IMF and World Bank spring meetings in Washington that a new roundtable on sovereign debt was assisting in the acceleration of work on debt restructurings
IMF steering committee aims for 'considerable progress' on quota changes
US Treasury Secretary Janet Yellen on Friday said the Fund has adequate resources to deal with global financing challenges but needs to follow through with 'fair and simple' shareholding reforms that reflect the economic size of its member countries
Africa faces high-levels of debt but foreign aid stalls
According to the IMF, which has dropped its growth projection for sub-Saharan Africa to 3.6 per cent for this year, public debt in the area was 56 per cent of GDP at the end of last year, its highest level since the start of the 2000s
Beleaguered Pakistan crawls closer to IMF bailout as UAE doles out another $1 billion
The IMF, earlier this week, lowered its forecast for Pakistan's economic growth rate from 2 per cent to just 0.5 per cent for the current fiscal year
'A loss of talent and contribution': IMF director urges world to avert possibility of a 'second Cold War'
Earlier this week, an IMF report showed how trade fragmentation, caused by events like Brexit, the US-China trade war and the Russian invasion of Ukraine, could reduce the global economy to as much as seven percent smaller than it otherwise would have been
G20 members agree to have 'globally coordinated understanding' on regulating crypto assets, says FM Nirmala Sitharaman
Nirmala Sitharaman and Reserve Bank of India Governor Shantikanta Das co-chaired a meeting of finance ministers and central bank governors from member countries during the annual spring meeting of the International Monetary Fund (IMF) and the World Bank
IMF urges Asian central banks to maintain monetary policy ‘tighter for longer’ to tackle inflation risks
The IMF expects growth in the Asia-Pacific region's economy at 4.6 per cent this year, up 0.3 points from its October forecast and faster than a 3.8 per cent rise in 2022