The IMF and the World Bank must be abolished to save the planet | Climate Crisis
As yet another United Nations Climate Change Conference fails to produce a strong commitment to urgent climate action, the climate crisis is on course to…
IMF approves third review of Sri Lanka’s $2.9bn bailout, but warns of risks | Business and Economy News
Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge.The International Monetary Fund (IMF) has approved the third…
Charting the Global Economy: IMF Lowers Global Growth Forecast
Breadcrumb Trail LinksPMN BusinessThe International Monetary Fund shaved its global growth forecast for next year, citing accelerating risks from wars and trade protectionism.Author of the…
Is Pakistan’s Economic Future Tied to the IMF?
Pakistan’s 25th IMF bailout, the $7 billion Extended Fund Facility (EFF), marks yet another chapter in the country’s complex relationship with the international lender. This…
The Global South’s poor should not be subsidising the IMF | International Monetary Fund
Today, the world is confronting a “polycrisis” – many dire crises occurring simultaneously, reinforcing and feeding into each other, that are inseparable. Global South countries…
IMF loan offers Pakistan relief but long-term reforms remain a challenge | Business and Economy News
Islamabad, Pakistan – After days of uncertainty, the International Monetary Fund (IMF) approved a $7bn loan programme for Pakistan on Wednesday, a move analysts welcomed…
IMF approves $7bn funding agreement for Pakistan | Business and Economy News
Approval comes more than two months after international lender and Islamabad said they had agreed on programme.The International Monetary Fund (IMF) has approved a new…
As Sri Lanka votes, a $2.9bn IMF loan looms large | Elections
Ahead of Sri Lanka’s presidential election, no issue is more central than the economy. With the South Asian country still struggling from its worst financial…
Is Pakistan’s $7bn IMF bailout package in trouble? | Business and Economy News
Islamabad, Pakistan – When Pakistan reached yet another staff-level agreement (SLA) with the International Monetary Fund (IMF) in July for a $7bn, three-year loan programme,…
Egypt raises fuel prices to lock in IMF loan tranche | Business and Economy News
Petrol will cost up to 15 percent more from Friday.Egypt is raising fuel prices for the second time in four months, fulfilling an economic reform…
What do the IMF and foreign debt have to do with Kenya’s current crisis? | Business and Economy News
Weeks since protests began, determined Kenyans continue going out to voice their frustrations with the government. But when demonstrators first took to the streets in…
IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet | Business and Economy
Islamabad, Pakistan – Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund (IMF) after a key meeting of the…
Markets round-up: Escalating Middle East tensions deepen weekly slump
Global markets are poised for a third consecutive weekly decline as tensions rise in the Middle East. Investors are flocking to safe-haven assets, especially gold…
IMF sounds alarm on U.S. debt, warning ‘something will have to give’
The International Monetary Fund warned the United States on Tuesday that the government’s rampant spending and growing national debt is not sustainable and could threaten…
Economic conditions in debt-stricken Sri Lanka improving, IMF says | Debt
IMF says inflation has dropped from 70 percent, economy expanded in the second half of 2023. The economic situation in debt-stricken Sri Lanka has started…
Pakistan’s election chaos casts shadow on next IMF deal | Politics News
Islamabad, Pakistan — As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary…
IMF warns that any action on Russian assets needs ‘sufficient legal support’
The International Monetary Fund warned that any decisions taken about seizing frozen Russian assets should be backed with “sufficient legal support” to avert future risks.…
World Bank and IMF Working Towards Africa’s Sustainable Growth
Recent maneuvers have shown the International Monetary Bank (IMF) and the World Bank are taking fully-fledged advantage of the new economic architecture and the current…
Egypt Talks on IMF-Led Deal Go on With $10 Billion on Table
Bloomberg’s news report by Mirette Magdy indicated that an International Monetary Fund mission to Egypt has extended its visit until the end of the week…
Trader’s Guide to Pakistan Elections Ahead of Crucial IMF Deal
Breadcrumb Trail LinksPMN BusinessPakistan is gearing up for two key events in quick succession: a general election and the expiry of an International Monetary Fund…