Page 18 - International Monetary Fund

Asian countries in talks for settling trade in domestic currencies

Countries to accept trading partners' currency; move aimed at reducing dollar dependence

Lanka central bank chief to stay in job; new Prez to be elected on July 20

Governor P. Nandalal Weerasinghe, who has been holding bailout talks with the IMF since taking office in April, had told reporters in May he could resign if there was no political stability

Closely monitoring, hope crisis in Sri Lanka resolves soon, says IMF

The IMF said that it was closely monitoring the situation in Sri Lanka and hoped that the political crisis will be resolved soon to allow for the resumption of dialogue on an IMF-supported programme

Sri Lanka to present debt restructuring programme to IMF by August: PM

Sri Lanka will present a debt restructuring programme to the IMF by August to secure a bailout package, Prime Minister Ranil Wickremesinghe told Parliament

Japan to provide support to Sri Lanka for economic programme: Envoy Hideaki

Japanese Ambassador to Sri Lanka Mizukoshi Hideaki said that Japan is ready to support Sri Lanka for its economic programme with the IMF and for the development activities of the country

IMF sets tough conditions for Pak to revive $6 bn loan facility: Report

The International Monetary Fund has also asked Pakistan to set up an anti-corruption task force to review all the existing laws that were aimed at curbing graft in the government departments

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

Sri Lankan PM Wickremesinghe hold talks with IMF team on economic programme

Sri Lankan Prime Minister Ranil Wickremesinghe on Monday held talks with a visiting IMF team on an economic programme that could be supported by the global lender's lending arrangement

Blinken assures Sri Lanka of support after IMF negotiations conclude

US Secretary of State Antony Blinken has assured crisis-hit Sri Lanka of support to promote American investments in the country after the completion of IMF negotiations

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

G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations: US

The issue will be on the table when G7 leaders discuss how to help steer the world's recovery from the coronavirus pandemic at a 3-day summit in Cornwall, southwestern England, which begins Friday

G7 countries to provide $19.8 billion in aid to crisis-hit Ukraine

The International Monetary Fund will be assisting with the package, German Finance Minister Christian Lindner, the host of the meeting, told reporters.

IMF planning to send in-person mission to crisis-hit Lanka: spokesperson

The IMF is planning an in-person mission in the coming weeks to Sri Lanka, which is facing a very difficult economic condition, for discussions on a financial arrangement

IMF's Georgieva names Krishna Srinivasan to head Asia-Pacific dept

International Monetary Fund Managing Director Kristalina Georgieva Wednesday announced the appointment of Indian national Krishna Srinivasan as Director of the Asia and Pacific Department (APD)

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

Pak has forex to pay for 2 months of imports, reserves slip below $10 bn

The stockpile decreased by $366 million in the week ended May 27 to stand at $9.72 billion

Pakistan's IMF programme depends on govt ability to make fiscal adjustments

The restoration of Pakistan's delayed International Monetary Fund (IMF) programme depends on the government's capacity to make a fiscal adjustment of about 2.5 per cent of the GDP.

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

From balancing growth to inflation, WEF focused on challenges for economies

In the wake of the geopolitical crisis and rising prices, India's recovery remains dodgy

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.