International Monetary Fund
International Monetary Fund News
Uncertain about when Treasury will run out of funds to pay government's debts, says US Treasury Secretary Janet Yellen
The International Monetary Fund warned of grave consequences if the United States defaulted on its debt, just days before a deadline for the country to increase or suspend its borrowing limit on Thursday.
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
'Bring country back to sound financial footing': US calls on Pakistan to move forward on IMF reforms
The United States on Thursday asked Pakistan to move ahead on stalled reforms sought by the IMF as the world's fifth most populous nation weathers an economic crisis
UK doles out additional $500 million in loan guarantees for Ukraine’s damaged schools, hospitals
The fresh loan guarantee was first outlined in a written statement to British parliament last month. Britain has now pledged a total of 6.5 billion pounds ($8.1 billion) of support for Ukraine since Russia’s invasion in February 2022
Sovereign debtors, creditors agree to speed up debt restructuring process
The first formal meeting of the new Global Sovereign Debt Roundtable, which took place in Washington during the IMF and World Bank spring meetings, was followed by a joint statement from the World Bank, International Monetary Fund, and India, the current leader of the Group of 20 (G20)
Yes, India’s golden age may be near, and Russia will love it
If Malaysia can transform itself from poverty to spectacular economic success so can India and Russia will be happy to see it
UK economy narrowly avoids recession but businesses still cautious
The International Monetary Fund forecast in January that Britain would be the only Group of Seven major advanced economy to shrink in 2023, in large part because of an inflation rate that remains above 10%
Pakistan has to normalise ties with India if it wants to climb out of the hole it finds itself in
Pakistan might think that it still has nuisance value that it can deploy against India. But this nuisance value will become redundant as the gap between the comprehensive national power of the two countries widens
How China has replaced the US in bailing out middle-income countries
According to new data, China is providing ever more emergency loans to countries, including Turkey, Argentina, and Sri Lanka. In many ways, China has replaced the United States in bailing out indebted low- and middle-income countries
Pakistan in peril: Political and economic turmoil fuel worries over nuclear safety
Pakistan has always faced threats arising from within itself, and it is crucial for its leaders to acknowledge this reality and take necessary steps to address the internal turmoil
Sri Lanka bailout linked to tackling corruption, spells out IMF
The IMF has said the financial rescue was conditional on tackling the deep-rooted culture of graft and government mismanagement blamed for tipping Sri Lanka into an unprecedented economic crisis last year
Desperate for Western aid, crisis-hit Pakistan to supply tanks to Ukraine
Pakistan has been supplying weapons, ammunition and artillery shells to Ukraine since the early days of the invasion by Russia. However, this will be the first time tanks will be supplied to Ukraine by a country other than its western allies
IMF bailout doubtful, high interest loans from China only option for Pakistan: Bank of America
The Pakistan economic crisis has forced the Pakistani government to impose several harsh measures including increased taxes apart from higher fuel and gas prices in an attempt to persuade the IMF to restart a stalled $6.5 billion loan program. The only other option is high-interest loans from China
Pakistan Economic Crisis: Rising poverty, gun culture drive Pakistanis to violent crimes
While foreign aid had prevented Pakistan from suffering an economic crisis in the past, the current situation is different as the International Monetary Fund (IMF) imposing a host of tough conditions before considering a financial bailout
US tries to step in as Taliban, Baloch attacks force China to flee Pakistan
Chinese citizens working on projects by the China government in Pakistan have faced a series of attacks by the Tehrik-i-Taliban Pakistan (TTP) - also known as the Pakistani Taliban - and Baloch groups
IMF to mull final approval of Sri Lanka’s $2.9 billion bailout package
The International Monetary Fund's statement came after President Ranil Wickremesinghe’s remarks in Parliament that China had given its financing assurances and Sri Lanka had signed the letter of intent with the IMF for the bailout
Pakistan in more trouble as IMF imposes new condition for financial bailout
In its quest for the IMF bailout, the Pakistan government has come up with several measures. Pakistan’s finance ministry had also informed that the Industrial and Commercial Bank of China Ltd (ICBC) is set to forward a loan of $1.3 billion
Pakistan govt stops salaries, payment of bills as economic crisis worsens
The Ministry of Finance and Revenue also instructed the Accountant General of Pakistan Revenues (AGPR) to halt the clearing of all the bills of the federal ministries/divisions and attached departments until further notice
Take steps to be able to function as a country, IMF tells crisis-hit Pakistan
Pakistan is in panic after the IMF team that came to negotiate the details of a bailout package left without reaching a final agreement
Pakistan's current account deficit decreases as imports grind to near standstill
In less than a month, cash-strapped Pakistan’s currency has lost more than a quarter of its value against the US dollar after the removal of artificial caps, and fuel prices have risen by more than a fifth as the government implemented fiscal measures required to unlocking funds from an Internationa