Page 20 - Imf

Pakistan likely to turn to China for a bailout as IMF deadlock continues

Pakistan is now looking for a 'Plan B' for averting full fledge eruption of the balance of payment crisis

With resilient growth in India, Asia-Pacific remains dynamic region: IMF

Pacific is projected to increase this year to 4.6 per cent, up from 3.8 per cent in 2022. As a result, the region would contribute around 70 per cent to global growth

IMF: US default to have 'very serious repercussions' on global economy

Treasury Secretary Janet Yellen has warned that a default on US payments could come as early as June 1 if Congress fails to raise the borrowing cap

Sitharaman meets IMF chief Georgieva on sidelines of G7 meet in Japan

She is on a two-day visit to Japan. The G7 meeting is taking place in Niigata

Pakistan faces another lost decade of recovery as army takes on Imran Khan

Pakistan's institutions were never that strong anyway; the military was, famously, the only thing in the country that worked

Multilateral banks not fit for purpose in 21st century: Singh & Summers

The two men have been tasked by G-20 (headed by India this year) to be in charge of an expert group to formulate a detailed plan for reforms in multilateral institutions

Pakistan could default in the absence of IMF bailout loans, warns Moody's

Pakistan is struggling to restart a $6.5 billion bailout program from the Washington-based lender, which has stalled after the government failed to meet some loan conditions

Top cocoa grower has to end subsidies for $3.5 bn IMF loan

Ivory Coast's public debt is expected to increase to 63.3% of gross domestic product this year from 56.8% in 2022, according to IMF data

Bangladesh's GDP growth will overtake China, IMF report forecasts

Bangladesh's GDP growth rate in current fiscal year will overtake China, International Monetary Fund's latest report on the Asia-Pacific region forecast

IMF team flags risks to Bangladesh economy as reserves fall further

The IMF will conduct the first review of its Extended Credit Facility, Extended Fund Facility and Resilience and Sustainability Facility arrangements later this year, the press release said

IMF says inflation, rate hikes to slow growth across Mideast this year

Economies across the Middle East and Central Asia will likely slow this year as persistently high inflation and rising interest rates bite into their post-pandemic gains, the International Monetary Fund said Wednesday. The IMF's Regional Economic Outlook blamed in part rising energy costs, as well as elevated food prices, for the estimated slower growth. The report said that while oil-dependent economies of the Gulf Arab states and others in the region have reaped the benefits of elevated crude prices, other countries such as Pakistan have seen growth collapse after an unprecedented flooding last summer or as economic woes worsened. The regional slowdown also comes as an explosion of fighting in Sudan between two top rival generals who only a year ago as allies orchestrated a military coup that upended the African country's transition to democracy threatens a nation where IMF and World Bank debt relief remains on hold. Rising interest rates, used by central banks worldwide to tr

IMF raises Asia's growth forecast to 4.6%; India, China to be key drivers

The agency, however, slashed next year's growth forecast for Asia by 0.2% to 4.4%

IMF pins hope on India for global economic revival in, says report

International Monetary Fund (IMF) pinned its hopes on India for global economic revival as it continues to remain a relative "bright spot" in the world economy, Asia Lite reported.

IMF Chief Kristalina says rising rates exposed banking vulnerabilities

Georgieva's comments Monday come as US regulators continue efforts to shore up the banking sector, which has been rattled by the Federal Reserve's aggressive interest-rate hikes

Amid pressure from IMF, Pak Army chief visits China to further defence ties

Pakistan's Army chief General Asim Munir has arrived in China on a four-day official visit aimed at boosting bilateral defence ties. This is Gen. Munir's fourth overseas visit ever since he took command of the Pakistan Army in November last year. In January, he visited Saudi Arabia and United Arab Emirates (UAE) on his first official visit abroad since his appointment. A month later, he visited the United Kingdom on a highly important visit on Britain's Ministry of Defence invitation to discuss security-related strategic issues. After his UK visit, Gen Munir again visited the UAE. "COAS is on a four-day official visit to China for enhancing bilateral military relations, the army's media wing said in a statement on Monday without providing any further details about the trip. It is common for the new army chief in Pakistan to undertake a visit to China within weeks of his appointment. The delay this time is attributed to the internal situation in Pakistan. The visit comes amidst ..

Pakistan struggles to secure loans from global lenders, says report

The fall is attributed to non-renewal of the IMF programme. Because of the delay in finalising the deal with the global lender, Pakistan faced difficulties in obtaining international loan

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IMF likely to have erred on India's growth forecast, says RBI paper

Some recent moderation in credit growth; delinquencies reducing except in credit cards, study loans

China as a creditor

Sovereign debt restructuring has become tricky

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