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Crisis-hit Sri Lanka cannot use $1.5-bn China help on IMF concerns

India - creditor and neighbour to Sri Lanka - wants the IMF to treat China on par with other creditors.

Moody's downgrades cash-strapped Pakistan's outlook from stable to negative

The Moody's report added that the country's 'weak institutions and governance strength' had added uncertainty around the future direction of macroeconomic policy

Crisis-hit Sri Lanka seeks to secure around $5 billion for import payments

Sri Lanka's foreign exchange reserves stood at $1.81 billion in April

China agrees to refinance Pakistan with $2.3-bn funding: FM Ismail

"Inflow is expected shortly after some routine approvals from both sides. This will help shore up our foreign exchange reserves," he added.

Sri Lankan PM Wickremesinghe hopeful of IMF assistance by June end

Wickremesinghe said the government was targeting $ 5 billion this year for repayments, plus a further $ 1 billion to bolster the country's reserves.

IMF may lower India's GDP growth projection for 2022 to below 8.2%

The IMF had cut India's gross domestic product (GDP) growth projection for 2022 to 8.2 per cent from 9 per cent in its World Economic Outlook report in April

Tunisia announces measures to cut public sector pay to unlock IMF loan

The Tunisian government has proposed urgent measures to cut the public sector pay in a bid to unlock a loan from IMF

Amid financial crisis, Pakistani rupee set to see worst month in 2 years

The Pakistani rupee has declined about 7% in May, the steepest drop since March 2020, as the country negotiates a bailout package with the IMF and other nations to keep its economy afloat

World Bank to disburse $700 mn to Lanka, re-purpose existing loans: Report

Sri Lanka is nearing bankruptcy and has severe shortages of essentials from food, fuel, medicines and cooking gas.

Pakistan, IMF likely to reach agreement in June, says finance minister

The government is also aiming to boost the country's foreign exchange reserves by USD 5 billion to USD 15 billion next year

Sri Lanka looks to rely more on India's help until IMF funding agreed

Sri Lanka has been plagued by shortages of necessities, power cuts, and rampant inflation, which has triggered calls for the ouster of President Gotabaya Rajapaksa

Pakistan raises fuel prices to meet key condition for IMF bailout

Pakistan raised the cost of gasoline and diesel by 30 rupees a liter each, Finance Minister Miftah Ismail said in a Twitter post

WEF 2022: Advanced economies to be back on track by 2024, says Gopinath

Advanced economies will be back on track by 2024, but developing economies will be 5 per cent below where they would have been otherwise, IMF's Gita Gopinath said

WEF summit: World economy has 'buffer' against recession, says Gopinath

"I would say at 3.6 per cent there is a buffer," she said, conceding, however, that risks are uneven around the world

'Coin' in Bitcoin name doesn't make it money, warns IMF chief Georgieva

Anything not backed by a sovereign guarantee can be an asset class but not a currency, as she asserted that Bitcoin cannot be 'money' just because it has got 'coin' in its name.

Unexpected, but also unacceptable

Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy

Talks between debt ridden-Sri Lanka, IMF to to conclude on May 24

The ongoing discussion between International Monetary Fund (IMF) and Sri Lanka, to help mitigate the economic situation will conclude on May 24

Top Headlines: IMF's prediction, GST Council recommendations, and more

The International Monetary Fund (IMF) has "corrected" an error in its calculations to now project that India would become a $5-trillion economy by 2026-27

IMF chief urges fast, well-coordinated action to tackle food crisis

IMF chief said the Russia-Ukraine war has led to food shortages and sharply higher prices, urging the international community to take fast, well-coordinated actions to tackle food crisis.

India's FY22 per capita income projected higher than Bangladesh: IMF

Bangladesh is likely to topple India again for each of the next six years