The International Monetary Fund, Argentina’s biggest creditor, agreed Monday to release the next tranche of loans due under a bailout program, endorsing government austerity measures so severe they even surpass the terms of its $43 billion loan. The IMF deal follows the
Rishi Sunak has dismissed gloomy international predictions about the state of the British economy as he insisted it is growing faster than forecast. The Prime Minister hit out at “pessimistic” numbers from the OECD after it said the UK is set for
The International Monetary Fund on Monday approved the immediate release of the final $1.1 billion tranche of a $3 billion bailout to Pakistan, the global lender said in a statement. Pakistan needs the money to overcome one of the worst economic crises
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