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International Monetary Fund

31 Oct 2024

IMF Approves Reviews For Kenya To Receive 606 Million USD

The funds will support Kenya's efforts to rebuild fiscal and external buffers as well as enhance resilience to climate shocks, the IMF said in a statement issued Wednesday evening.

20 Sep 2024

Pakistan Financial Conditions Set To Turn Worse: Reports

Pakistan's Deputy Finance Minister Ali Pervaiz Malik on Thursday revealed that in the coming four years, Pakistan will have to repay USD 100 billion to external moneylenders.

International Monetary Fund

18 Apr 2024

IMF Backs Modi Govt's Eco Policies; Expects India To Rev Up Global Growth

The IMF’s World Economic Outlook report, released on Tuesday, has not only raised India's growth forecast by 0.3 percentage points to 6.8 per cent for 2024-25 but also sees the country as a bright spot "supporting global growth over the medium term and spill over to other countries".

15 Apr 2024

How much impact will Iran-Israel war have on International markets?

world's largest economy

15 Feb 2024

Japan Loses Its Position As The World's Third-Largest Economy To Germany

For the latest October-December quarter, the Japanese economy shrank at an annual rate of 0.4 percent, and minus 0.1 percent from the previous quarter.

International Monetary Fund

02 Feb 2024

IMF Says Asia On Track To Again Deliver Two-Thirds To Global Growth In 2024

For 2023, IMF has estimated growth at 4.7 percent, compared to its 4.6 percent projection it had made in October.

International Monetary Fund

30 Apr 2023

Indian Economy To Grow At Around 6.5% In FY24: NITI Aayog Member Virmani

The International Monetary Fund (IMF) also lowered India's economic growth projection for the current fiscal to 5.9 percent from 6.1 percent earlier.

Nirmala Sitharaman

10 Apr 2023

FM Sitharaman To Embark On US Tour From Today; To Attend WB Group, IMF Meets

FM will also be attending the G20 meetings and other associated meetings, which are scheduled to take place from April 10 to April 16.

10 Mar 2023

Pak Fail To Strike Deal For IMF Bailout Package As Economic Crisis Deepens

Pakistan inked a USD 6 billion IMF programme in 2019, which last year expanded to USD 7 billion.

20 Feb 2023

Take steps to function as a country: IMF tells cash-starved Pakistan

The IMF chief's statement came days after the two sides concluded the ninth review of the USD 6.5 billion bailout package without a staff-level agreement after 10 days of talks. However, both sides agreed to a set of measures that could still help clinch the deal.

pakistan economic crisis

17 Feb 2023

'Treatment of Cancer With Aspirin': Imran Khan's Dig at IMF-Pak Deal

Former Pakistan Prime Minister Imran Khan said that Pakistan is plunging into a financial crisis and more chaos like Sri Lanka is expected.

10 Feb 2023

Deadlock Continues as Pakistan, IMF Fail to Reach Staff-Level Pact on Bailout

The IMF's loan is critical for Pakistan's economy as the State Bank of Pakistan (SBP)-held foreign exchange reserves have dropped to USD 2.91 billion.

pakistan economic crisis

05 Feb 2023

IMF Concludes First Round of 'Tough Talks' With Pak, Places new Demands

IMF has concluded its first round of "tough talks" with cash-strapped Pakistan. IMF said it will share nine tables with Pakistan which will pave way for holding policy-level talks next week. IMF delegation is in Pakistan to restart stalled talks for releasing the USD one billion loan.

04 Feb 2023

'IMF giving tough time, loan conditions beyond imagination': Pakistan PM

Pakistan has agreed to increase petroleum prices and allowed a market base exchange rate but that seems too little and too late. The fund wants more measures to increase revenues.

Pakistan crisis

01 Feb 2023

Cash-Strapped Pakistan Hold Talks With IMF in bid to Unlock $7 Billion Bailout

The IMF funding is critical for Pakistan, which has barely enough foreign exchange reserves to cover three weeks of imports.

pakistan economic crisis

28 Jan 2023

Ahead of Talks, IMF Spots Rs 2 Trillion Breach in Pak's Budgetary Estimates

Pakistan has requested the IMF for a waiver of Rs 500 billion on account of flood expenditures for calculating the budget deficit, especially the primary deficit for the current fiscal year 2022-23.

23 Dec 2022

Big Setback for Pakistan: IMF loan further delayed as economic crisis looms

Pakistan and the IMF could not agree on a roadmap for recouping the power sector which is suffering an average monthly loss of Rs 123 billion. The development comes after Pakistan's finance minister Ishaq Dar held a virtual meeting with IMF mission chief Nathan Porter. Pakistan's power sector has become the biggest stumbling block in the way of the 9th IMF review mission.

Currency crisis

23 Nov 2022

Explainer | What is a currency crisis and how have countries emerged from it?

Apart from Sri Lanka and Pakistan's recession row, Egypt has heavily devalued its currency twice this year and sought an International Monetary Fund (IMF) bailout. Romania is propping up its currency with interventions and Turkey is also facing a currency crisis

20 Nov 2022

No prospect of recession in India, economy to grow 6-7% in next fiscal: Kumar

Rajiv Kumar is the former vice chairman of Niti Aayog. The World Bank projected a 6.5 percent growth rate for the Indian economy for 2022-23. This is a drop of one percentage point from the World Bank's June 2022 projections.

13 Oct 2022

IMF Chief praises India for a bright light in time of prospective recession

'India has emerged as "a bright light" at a time when the world is facing imminent prospects of a recession': IMF Chief. IMF projected a growth rate of 6.8 per cent in 2022 as compared to 8.7 per cent in 2021 for India. India needs to carry out a number of structural reforms, he observed.

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