Page 21 - International Monetary Fund
IMF funding to Pakistan virtually on hold till formation of new govt
As the political crisis in Pakistan turned into a constitutional crisis, the International Monetary Fund (IMF) funding to the country is expected to hit another 'pause'
 "IMF funding to Pakistan virtually on hold till formation of new govt")
India's forex reserves down by $2.03 billion to $617.648 billion
Continuing their downward trajectory for 3rd consecutive week, India's foreign exchange reserves declined by USD 2.03 billion to stand at USD 617.648 billion in week ended March 25, RBI data showed
 "India's forex reserves down by $2.03 billion to $617.648 billion")
Lanka to turn off street lights in deepening economic crisis; shares dive
The island of 22 million people is struggling with rolling blackouts for up to 13 hours a day because the government does not have enough foreign exchange for fuel imports
 "Lanka to turn off street lights in deepening economic crisis; shares dive")
India has safeguards in place to mitigate risks from capital flows: IMF
India, which has received a record number of FDI during the last few years despite Covid, has quite a few safeguards in place to mitigate the risks from capital flows, the IMF said
 "India has safeguards in place to mitigate risks from capital flows: IMF")
Sri Lanka: No medicines, 10-hour power cuts as economic crisis worsens
Ceylon Petroleum requested the public not to queue for diesel on Wednesday and Thursday after the state-run refiner failed to unload a shipment of 37,500 metric tonnes of the fuel
 "Sri Lanka: No medicines, 10-hour power cuts as economic crisis worsens")
A world that's more expensive is starting to destroy demand
Global food prices set a record last month, according to UN, as Russia-Ukraine invasion disrupted shipments from countries that, together, supply 1-quarter of world's grain and much of its cooking oil
 "A world that's more expensive is starting to destroy demand")
Will tax the rich and give money to poor: Imran ahead of no-trust vote
Pakistan opposition parties have moved a no-confidence motion against Prime Minister Imran Khan in the country's Parliament. It is expected to be taken up when the National Assembly meets again today
 "Will tax the rich and give money to poor: Imran ahead of no-trust vote")
Sri Lanka sends troops to fuel stations, aims to restructure its debt
The country will also hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund on the country's economic crisis
 "Sri Lanka sends troops to fuel stations, aims to restructure its debt")
IMF asked Pak to show how it would fund $1.5 bn subsidy package: Minister
The International Money Fund (IMF) has asked Pakistan to explain how it would fund a $1.5 billion subsidy package announced by Prime Minister Imran Khan, Finance Minister Shaukat Tarin said on Sunday
Argentina's $45 bn debt deal with IMF gets final legislative approval
Argentina's Senate gave final legislative approval Thursday for President Alberto Fernndez's administration to refinance government's $45 bn debt with International Monetary Fund and avoid a default
IMF not asking for removal of central bank Governor: Sri Lanka
Addressing the nation on Wednesday evening, President Gotabaya Rajapaksa said that he has decided to work with the IMF to overcome Sri Lanka's economic woes, reports Xinhua news agency
 "IMF not asking for removal of central bank Governor: Sri Lanka")
Lessons from Ukraine crisis
It's time to cushion India from the same 'oil shock' story
 "Lessons from Ukraine crisis")
Protests flare in Sri Lanka as govt readies for IMF talks: Report
President Gotabaya Rajapaksa's government said it will begin talks next month with the International Monetary Fund for assistance
 "Protests flare in Sri Lanka as govt readies for IMF talks: Report")
Ukraine's economy can shrink by up to 35% if war continues, says IMF
Ukraine's economy is expected to shrink by 10 per cent in 2022 as a result of Russia's military operations, Ukrainian media reported citing the International Monetary Fund report
 "Ukraine's economy can shrink by up to 35% if war continues, says IMF")
Top headlines: LIC may have to be revalued, Russia-Ukraine to hold talks
RBI has publicly expressed strong reservations against permitting cryptocurrencies
 "Top headlines: LIC may have to be revalued, Russia-Ukraine to hold talks")
India's forex reserves rise by $394 million to $631.92 billion
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves
 "India's forex reserves rise by $394 million to $631.92 billion")
IMF approves $1.4 billion in emergency financing for Ukraine amid conflict
The International Monetary Funds has approved USD 1.4 billion in emergency financing for Ukraine amid the ongoing war with Russia, the fund said in a statement
Price shocks due to Russia-Ukraine war will have impact worldwide: IMF
Energy and commodity prices including wheat and other grains have surged due to the Ukraine war, adding to inflationary pressures from supply chain disruptions and the rebound from the Covid, IMF said
Pakistan confident of defending $1.5 billion fuel subsidy at IMF review
PM Khan this week announced a cut in fuel and electricity prices despite a steep global rise in the cost of oil, pledging to freeze the new rates for 4 months
 "Pakistan confident of defending $1.5 billion fuel subsidy at IMF review")
Argentina, IMF reach preliminary $44.5 bn deal to resolve debt burden
Argentina and the International Monetary Fund (IMF) have reached a preliminary $44.5 billion agreement to help the South American country manage its debt burden, the Economy Ministry here said.
 "Argentina, IMF reach preliminary $44.5 bn deal to resolve debt burden")
