Page 8 - International Monetary Fund

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.

Pakistan says it's shut out of global bond markets with IMF only resort

Pakistan's government is unable to secure funding from the global bond market and commercial banks, making it even more important to secure an agreement with the IMF

Need ample assurances on Sri Lanka's debt sustainability restoration: IMF

As Sri Lanka's public debt is assessed as "unsustainable," the IMF said it requires sufficient assurance from the nation that it will restore debt sustainability during the debt restructuring process

Pakistan govt caves in to IMF, petrol prices increase by one fourth

The Pakistan government increased the rate of petroleum products by 30 PKR per litre, or up to one-fourth of their existing prices, paving the way for reaching a staff-level agreement with IMF

Sri Lanka PM Wickremesinghe stresses urgency for economic reform plan

Sri Lanka's PM Ranil Wickremesinghe said that he will quickly prepare an economic reform programme and seek approval from the International Monetary Fund

Sri Lanka PM appointed as finance minister, to lead debt talks with IMF

He has held talks with foreign envoys, including from India, China and the US, and discussed with representatives from ADB and World Bank ways to replenish food, fertilizer and medicine supplies

Default threat reaches Pak as inflation rises, political crisis worsens

Without a bailout from the International Monetary Fund, Pakistan may default for the second time in its history amidst inflation at its peak.

Pak FM rules out removal of fuel, power subsidies ahead of IMF talks

Pakistan FM Miftah Ismail said on Monday that the government will not remove subsidies on power and fuel as per the commitment made by the previous government with the IMF.