IMF said Sri Lanka needs to tighten its monetary policy to contain rising inflation, put its high debt repayments on track and reverse one of the worst financial crises the country has faced in years
President Volodymyr Zelenskiy's beleaguered government has been counting on the IMF to unlock the next $700 million from a $5 billion loan for Ukraine approved in 2020.
The IMF Chief said she met earlier on Friday with IMF Executive Board to brief Executive Directors on the initial assessment of the unfolding situation
In the previous reporting week, the overall reserves had declined by USD 1.763 billion to USD 630.19 billion
Amid the release of a fresh tranche of loans from the IMF, the Pakistani government is facing backlash from civil society, over the unending series of loans, a report said on Thursday.
Sri Lanka is open to discussions with the IMF and other multilateral lenders for assistance, a cabinet spokesman said on Tuesday, as it faces its worst economic crisis in years.
'Imran promised to build 5 million homes, but instead made millions of people homeless; he promised to liberate the country of IMF, but instead given the State Bank under its control,' he said
Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a "significant risk"
The protesters paraded through the capital with banners saying "no to paying the IMF" and "no to an IMF deal", a sign of rising tension in the South American nation
The remark follows a warning last month by IMF head Kristalina Georgieva that China should reassess its zero-Covid approach to the pandemic
Pakistan committed IMF to draft Personal Income Tax legislation till February end and it will be announced in the budget for 2022-23 and will become effective from July 1, 2022
The pact would help refinance more than $40 billion of outstanding debt the nation has with the lender stemming from the record 2018 bailout
The IMF last week cut its economic forecasts for the United States, China and the global economy
We have been projecting a quite robust growth for India: Georgieva
The IMF's Executive Board held a meeting in Washington DC to consider Pakistan's request for completion of the sixth review and release of a $1 billion tranche under the Extended Fund Facility (EFF)
The IMF issued the report on Jan. 28 at the conclusion of a routine country surveillance mission to Tokyo to review Japan's economic policies
Finance Minister Shaukat Tarin, who negotiated the last leg of its current IMF loan, is targeting a budget shortfall to 5%-5.25% of gross domestic product in the year starting July 1
Already unemployment among the educated youth is increasing at a time when inflation in December touched 12.3 per cent, up from 11.5 per cent in November
Argentina has reached an agreement with the International Monetary Fund to refinance more than USD 40 billion in debt, President Alberto Fernndez said Friday.
Some of the liquidity support has come in the form of government bond purchases in auctions and through private placement, to limit the government's debt interest expenses