international monetary fund

Washington, April 9 IMF Managing Director Kristalina Georgieva on Thursday urged central banks grappling with the impact of the US-Israel war on Iran to fight inflation even at the cost of growth, arguing that "pain is an unavoidable consequence of any conflict".In her address at the IMF...

Washington, April 9 The International Monetary Fund, the World Bank, and the World Food Programme have said that the war in the Middle East has triggered one of the largest disruptions to global energy markets and will inevitably lead to rising food prices and food insecurity.In a joint...

Washington, April 9 – Pakistan is facing mounting debt pressures, weak growth prospects, and persistent structural vulnerabilities, which threaten its economic stability, the World Bank said.The report highlighted that economies with high public debt, limited fiscal space, and heavy external...

New Delhi, April 7 – Debt-ridden Pakistan is facing a dire financial situation as it must repay $3.5 billion to the United Arab Emirates this month.The repayment, confirmed by a senior cabinet minister during a press briefing, as reported by Pakistan’s Express Tribune, comes at a time when...

Islamabad, April 6 – Pakistan’s chronic reliance on external debt reflects decades of fiscal mismanagement, the entrenched dominance of the elite, and the failure to broaden the tax base or restructure loss-making state-owned corporations, according to a report released on Monday.According to...

New Delhi, April 6 – India's strong fiscal position and robust foreign exchange reserves provide the Reserve Bank of India with more policy flexibility, Finance Minister Nirmala Sitharaman said on Monday.Addressing the golden jubilee celebrations of the National Institute of Public Finance and...

New Delhi, April 6 – The International Monetary Fund (IMF) has asked Pakistan to eliminate distortions in the pricing of petroleum products as early as possible, due to the subsidies extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local...

Islamabad, April 4 Pakistan on Saturday rejected social media commentary regarding the repayment of financial deposits to the UAE, reaffirming a strong partnership with the Gulf nation.The reaction by social media users came in response to media reports that Pakistan had been asked by the UAE...

Colombo, Apr 3 The decision to sell off state-owned enterprises by the previous government has been reversed, the Sri Lankan government informed the Supreme Court.Sri Lankan Airlines, Sri Lanka Telecom, Sri Lanka Insurance, and Lanka Hospitals will not be sold, according to Attorney General...

Colombo, Apr 2 Sri Lanka has met all the targets set under the IMF's Extended Fund Facility program, President Anura Kumara Dissanayake said on Thursday.He made the remarks during a meeting with an International Monetary Fund (IMF) delegation, which is visiting the island nation for a combined...

Islamabad, March 28. Given its association with the A.Q. Khan network—a global nuclear smuggling chain that supplied enrichment technology to Iran, Libya, and North Korea—Pakistan lacks credibility as a mediator, especially given its reported move to convey the American proposal to Iran and...

Islamabad, March 28 Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement (SLA) for the disbursement of approximately USD 1.2 billion under two separate arrangements.The two sides successfully concluded the third review of the Extended Fund Facility (EFF) and...

Colombo, March 25 Sri Lanka is hoping to receive two installments of its bailout package from the IMF when the IMF team arrives here to complete its mission, Central Bank Governor Nandalal Weerasinghe said on Wednesday.An International Monetary Fund (IMF) team will arrive here on Thursday and...

New Delhi, March 24 – The decision to enter another IMF funding arrangement has been a subject of ongoing debate in Pakistan, as the country has already turned to the multilateral lending institution as many as 24 times for bailout packages to address its macroeconomic vulnerabilities...

New Delhi, March 15 – Negotiations between Pakistan and the International Monetary Fund (IMF) over the release of a $1 billion tranche have reportedly stalled again due to the country's weak tax collection and doubts about the credibility of the current budget, reports said.The IMF has once...

New Delhi, March 9 – Pakistan's ongoing conflict with Afghanistan has put at risk the next installment of IMF funding that Islamabad urgently needs, according to a media report.The IMF team is currently visiting Pakistan for its third review of the country's economy, ahead of the next tranche...

New Delhi, March 6 – India is expected to contribute as much as 17 per cent to global real GDP growth in 2026, as it continues to be the world's fastest-growing major economy, according to the latest data compiled by the IMF.Among the other countries in the IMF's top 10 list, the USA is...

Islamabad, March 5 Pakistan decided on Thursday to introduce weekly revisions in petroleum prices, effective from Saturday, and to consider measures such as working from home and distance learning to conserve fuel amid possible disruptions in oil supply due to the ongoing conflict in West Asia...

Islamabad, March 5 Pakistan decided on Thursday to introduce weekly revisions in petroleum prices, effective from Saturday, and to consider measures such as working from home and distance learning to conserve fuel amid possible disruptions in oil supplies due to the ongoing conflict in West...

Washington, March 5 – Indian economist Krishnamurthy V. Subramanian has been awarded the University of Chicago’s Alumni Award for Professional Achievement. He is the first Indian economist to receive this honor in the award's 85-year history.Subramanian served as Chief Economic Advisor to the...