The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund said Thursday. The country’s inflation has come down from a peak of 70% in 2022 to 5.9% last
The International Monetary Fund will hold a crucial round of talks with Pakistan’s newly elected government this week to determine whether the country has met conditions for receiving the much needed final $1.1 billion tranche of a $3 billion bailout, officials said
Pakistan’s imprisoned former Prime Minister Imran Khan is writing a letter to the International Monetary Fund urging it to link any talks with Islamabad to an audit of the country’s recent election, which his party alleges was rigged, his party said Friday.
The International Monetary Fund’s executive board approved Thursday the release of $700 million of a $3 billion bailout for cash-strapped Pakistan, the finance ministry said. The bailout is meant to enable Pakistan to emerge from one of the worst economic crises in
Pakistan and the International Monetary Fund reached a much-awaited preliminary agreement Wednesday for the release of $700 million from a $3 billion bailout fund approved by the international lender in July. The standby credit fund is meant to save cash-strapped Pakistan from
Global economists were branded “pessimistic” about the UK after downgrading growth forecasts for next year. The International Monetary Fund said it expects Britain to record the weakest expansion across the G7 group of advanced economies in 2024. But Tories have pointed out
The International Monetary Fund said on Tuesday that it is seeing “significant support” for a U.S.-backed increase in quota lending resources without changes to its shareholding structure at IMF and World Bank meetings in Morocco. UN SECRETARY-GENERAL PREDICTS ‘HISTORIC’ HUNGER IN POST-CORONAVIRUS
An International Monetary Fund (IMF) staff team will visit Colombo in a month’s time for the first review on Sri Lanka’s loan programme, a spokesperson said on Tuesday. The Washington-based lender approved a nearly $3 billion bailout for crisis-hit Sri Lanka in
Pakistan’s finance minister on Thursday said the International Monetary Fund deposited a much-awaited first installment of $1.2 billion with the country’s central bank under a recently signed bailout deal aimed at helping Islamabad avoid defaulting on its debt repayments. The financial infusion
The International Monetary Fund (IMF) said it is not expecting the UK to enter a recession this year. In an update to recent forecasts, it said: “Buoyed by resilient demand in the context of declining energy prices, the UK economy is expected