Page 36 - Imf

Sri Lanka govt needs to do more before a bailout package is finalised: IMF

The IMF on Thursday said it has concluded constructive and productive discussions with Sri Lankan authorities, but warned that the crisis-ridden island nation needs to do more on debt restructuring

Pak needs to pass budget agreed with IMF to get loan assistance: Report

Pakistan will have to take two more "prior actions" to secure economic relief package from International Monetary Fund (IMF) - Passing the federal budget as agreed with the monetary organization

PM Shehbaz Sharif says Pakistan could receive $2-bn bailout from IMF

Quoting the finance minister, Sharif confirmed that Pakistan had also received the Memorandum of Economic and Financial Policies (MEFP) from the IMF for the seventh and eighth reviews.

World shares at higher trend as IMF foresees US dodging recession

European shares were trading higher Monday after a day of gains in Asia. US futures and oil prices also advanced. Leaders of the Group of Seven leading economic powers pledged financial, humanitarian and other support for Ukraine. Conferring by video link with Ukrainian President Volodymyr Zelenskyy, they were finalising a deal to seek a price cap on Russian oil, raise tariffs on Russian goods and impose other new sanctions. Details were to be sorted by finance ministers, according to a senior US official who spoke on the condition of anonymity to preview announcements from the summit. Markets seemed unfazed by the possibility that Russia may have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system amid its war in Ukraine. Russia faced a Sunday night deadline to meet a 30-day grace period on interest payments originally due May 27. But it could take time to confirm a default. Germany'

IMF warns of risks from China's slowing Covid-19 vaccination rates

About 375 million people over the age of 15 in China have yet to receive three doses of a vaccine, while the daily vaccination rate has fallen below 800,000 per day

Cash-strapped Pak secures deal with IMF to restore stalled $6 bn aid

Cash-strapped Pakistan has secured a deal with the International Monetary Fund to restore the stalled $6 billion assistance package and unlock doors for financing from other international sources

Pakistan finance minister hopeful of IMF deal within a day or two

Cash-strapped Pakistan has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency

Crisis-hit Sri Lanka opens IMF talks, begins a two-week shutdown

Many protesters accuse President Gotabaya Rajapaksa and his influential family of mishandling the economy

IMF holds talks in Sri Lanka as cabinet moves to cut president's powers

Sri Lanka's cabinet on Monday approved an amendment to the constitution that could reduce presidential powers, in a move to appease protesters calling for President Gotabaya Rajapaksa to quit

US agrees to help as Pakistan negotiates bailout package with IMF: Report

The US has agreed to help cash-strapped Pakistan negotiate a deal with the IMF for the revival of the country's economic bailout programme with the global lender, a media report said.

Pakistan's government steeply hikes fuel prices to secure IMF funding

This is the third cut in fuel subsidies by the government headed by Prime Minister Shehbaz Sharif in about 20 days

Pakistan steeply hikes fuel prices up to 29% to secure IMF funding

The new petrol price has been fixed at Rs 233.89 per litre, HSD at Rs 263.31 per litre and kerosene oil at Rs 211.47 per litre.

Cash starved Pakistan spends big on military despite financial meltdown

Karachi-based newspaper Dawn said that defence expenditure is budgeted at Rs 1,523 billion, which makes up 17.5 per cent of the total current expenditure

IMF still has concerns over Pakistan's budget, says finance minister

Pakistan's finance minister has asserted that the International Monetary Fund is concerned regarding the recently released Pakistani budget. However the govt is trying to pacify them in the best way

Ukraine war: IMF says is concerned by food, fertilizer export restrictions

It welcomed India's decision recently to relax its originally announced ban on wheat exports, and allow some shipments to proceed

India among 12 economies on currency Monitoring List' of US treasury

According to the report, India (with $569.9 billion) has the fourth largest foreign exchange after China ($3.2 trillion), Japan ($1.2 trillion) and Switzerland ($1 trillion)

IMF hopes to mobilise as much funding as possible to help Ukraine

The Kyiv School of Economics estimated in late May that the physical infrastructure damage already exceeded $105 billion

IMF asks Pak to renegotiate CPEC energy deals before making payments: Rpt

As of now Pakistan has repeatedly been seeking international aid to support its failing economy

Only India providing money, says Lankan PM; urges IMF to 'expedite' bailout

Prime Minister Wickremesinghe said that he has urged IMF chief Georgieva to "expedite" its assistance to Lanka and underlined that no country except India is providing money to the nation for fuel.

LIVE: Maharashtra, Kerala report over 1,000 new Covid cases each in a day

For the past five days, Kerala has been reporting over 1,000 coronavirus cases each day and a total of 48 Covid-related deaths