Page 12 - International Monetary Fund

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

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

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.

Sri Lanka central bank raises interest rates as inflation worries mount

Sri Lankan central bank raised interest rates, its second straight increase, to curb growing inflationary pressures amid an ongoing foreign exchange crisis that threatens to derail domestic economy

Sri Lanka central bank raises interest rates as inflation worries mount

Sri Lankan central bank raised interest rates, its second straight increase, to curb growing inflationary pressures amid an ongoing foreign exchange crisis that threatens to derail domestic economy

IMF urges Sri Lanka to focus on monetary policy to tackle inflation rise

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

World Bank, IMF racing to get aid for Ukraine in coming weeks and months

IMF, World Bank said they were racing to provide billions of dollars of additional funding to Ukraine in coming weeks and months, adding the war there is creating crucial spillovers to other countries

Pakistan ready to scrap CPEC, if US offers similar assistance: Report

'Pakistani authorities who remain predisposed to the West have even offered to scrap or sideline the CPEC if Washington could offer similar financial assistance'

IMF Chief says "deeply concerned" about Russian invasion of Ukraine

International Monetary Fund (IMF) Managing Director, Kristalina Georgieva has expressed deep concerns over the Ukraine crisis, noting that the multilateral lender is "assessing the implications".

IMF starts Ukraine mission for $700 million loan after Russia escalates

Officials will start an online-review of their program with Ukraine on Wednesday

IMF's $1-bn tranches to Pakistan leads to Rs 160-bn taxes on salaried class

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

IMF focus on saving Argentina from dangerous inflation path

The pact would help refinance more than $40 billion of outstanding debt the nation has with the lender stemming from the record 2018 bailout

IMF chief says 'too early to say' if world facing sustained inflation

The head of the International Monetary Fund said it was "too early" to say if the world was facing a period of sustained inflation

Budget 2022-23 'thoughtful' policy agenda for India: IMF MD Georgieva

The Union budget puts a great deal of emphasis on innovation in research and development on human capital investment and digitalisatio, Managing Director of IMF Kristalina Georgieva has said.

Omicron effect: IMF cuts India's GDP forecast for FY22 to 9% from 9.5%

On a calendar year basis, it projected India's GDP growth at 8.7 per cent in 2022 and 6.6 per cent in 2023

IMF calls for 'flexibility' being new year resolution of policy markers

The International Monetary Fund on Friday said the one new year resolution the policymakers globally should adopt is 'policy flexibility'

World Economy to lose $12.5 trn in output by 2024 due to Covid: IMF Chief

The world economy will lose $12.5 trillion in output by 2024 due to the pandemic, the International Monetary Fund managing director said on Thursday.

Pakistan refuses IMF's proposal to renegotiate loan fearing new conditions

Pakistan FM Shaukat Tarin has said that he has refused to agree with the International Monetary Fund's new proposal to the cash-strapped country to renegotiate its loan programme