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Searched Tag: international monetary fund

The Washington-based international lender in a statement said the deal should enable Pakistan to “cement macroeconomic stability and create conditions for stronger, more inclusive and resilient growth”.

New IMF deal to help macroeconomic stability: Pak FM

July 13, 2024, 03:35 PM - 2 min read

The Washington-based international lender in a statement said the deal should enable Pakistan to “cement macroeconomic stability and create conditions for stronger, more inclusive and resilient growth”.

In a speech at the Stanford Institute for Economic Policy Research, Gita Gopinath, the First Deputy Managing Director at the International Monetary Fund (IMF), highlighted significant shifts in global economic ties.

Global trade fragmentation resembles cold war era with costlier consequences: IMF MD Gita Gopinath

May 9, 2024, 01:09 PM - 2 min read

"The COVID-19 pandemic, coupled with Russia's invasion of Ukraine, has prompted nations to reassess their trading partners with a focus on both economic and national security considerations. This reevaluation has led to a redirection of foreign direct investment flows along geopolitical lines" , Gita said.

A recently leaked document from Pakistani intelligence agencies reveals that Iranian oil smuggling amounts to over $ 1 billion per year, which is around 14% of the country’s annual demand.

Leaked intelligence report exposes massive Iranian oil smuggling operation in Pakistan

May 8, 2024, 12:17 PM - 2 min read

Baluchistan, the area most impacted by smuggling, is already dealing with a deadly separatist rebellion and tremendous poverty. Baluchistan remains one of the most insurgency-affected provinces of Pakistan; this booming informal economy poses a threat not only to Pakistan but to neighbouring countries as well.

IMF approves immediate disbursal of USD 1.1 billion loan tranche to Pakistan

April 30, 2024, 09:08 AM - 2 min read

A decision in this regard was taken by the International Monetary Fund (IMF) Executive Board as it completed the second and final review of Pakistan's economic reform programme supported by the IMF's Stand-By Arrangement (SBA).

A high-level Pakistani delegation led by Finance Minister Muhammad Aurangzeb is currently visiting Washington to attend the annual spring meetings of the IMF/World Bank.

Cash-strapped Pakistan requests another IMF bailout

April 20, 2024, 12:39 PM - 2 min read

A high-level Pakistani delegation led by Finance Minister Muhammad Aurangzeb is currently visiting Washington to attend the annual spring meetings of the IMF/World Bank.

As Sri Lanka prepares for crucial negotiations at the IMF and World Bank's spring meetings in Washington, optimism looms over potential breakthroughs in the island nation's ongoing debt restructuring efforts.

Sri Lanka pursues debt restructuring at IMF and World Bank spring meetings

April 14, 2024, 07:31 PM - 2 min read

With an eye on strengthening collaboration and collective action, Shehan articulated the significance of the talks in securing the next tranche of the USD 2.9 billion International Monetary Fund bailout.

As world leaders converge in Washington for the International Monetary Fund (IMF), World Bank, and Group of 20 (G-20) meetings, they are met with a landscape fraught with economic challenges and geopolitical tensions.

Global economic concerns dominate IMF and WB meetings

April 14, 2024, 07:53 AM - 2 min read

IMF chief Kristalina Georgieva has indicated a slight uptick in the global growth forecast, though cautioning that the world is set for a "sluggish and disappointing decade". This forecast adjustment reflects a mixture of slowing growth, persistent inflation, high interest rates, escalating debt levels, and geopolitical risks that continue to rattle markets.

Indian economy can grow at 8 per cent till 2047, if the country can redouble the good policies that it has implemented over the last 10 years and accelerate reforms, India executive director at International Monetary Fund (IMF) Krishnamurthy Venkata Subramanian said on Thursday.

Indian economy can grow at 8% or more till 2047: IMF India Chief Subramanian

March 28, 2024, 05:32 PM - 2 min read

India’s economy grew at better-than-expected 8.4 per cent in the final three months of 2023, logging the fastest pace in the past one-and-a-half years. The growth rate in October-December helped take the estimate for the current fiscal to 7.6 per cent. “And if India grows at 8 per cent, India can be a $55 trillion economy by 20147,” Subramanian added. He pointed out that historically from 1991 onwards, India’s average growth has been slightly more than 7 per cent.

New IMF deal to help macroeconomic stability: Pak FM

Global trade fragmentation resembles cold war era with costlier consequences: IMF MD Gita Gopinath

Leaked intelligence report exposes massive Iranian oil smuggling operation in Pakistan

IMF approves immediate disbursal of USD 1.1 billion loan tranche to Pakistan

Cash-strapped Pakistan requests another IMF bailout

Sri Lanka pursues debt restructuring at IMF and World Bank spring meetings

Global economic concerns dominate IMF and WB meetings

Indian economy can grow at 8% or more till 2047: IMF India Chief Subramanian

IMF delegation to visit Pakistan for $3 billion bailout talks next week

IMF's Pakistan pledge: Ignoring Imran's pleas, Future turmoil looms

Maldives faces high debt risk, IMF warns amid economic growth

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