Islamabad, Pakistan – Pakistan’s finance minister says the United Arab Emirates (UAE) has informed the International Monetary Fund (IMF) that it will provide financial support…
IMF’s 2023 global growth estimate of 2.8 percent is ‘most worrisome’ as it projects weak growth over a longer period, she said. International Monetary Fund…
El-Sisi meets Crown Prince Mohammed bin Salman as Egypt’s economic woes deepen. Egyptian President Abdel Fattah el-Sisi has met Saudi Arabia’s Crown Prince Mohammed bin…
Sri Lanka expects final approval from the International Monetary Fund (IMF) for a $2.9bn loan in the third or fourth week of this month, says…
The country is awaiting approval of a $2.9bn IMF bailout package as it endures its worst financial crisis since 1948. Sri Lanka’s central bank has…
Soaring food, beverage and transport costs push consumer price index to 31.5 percent in February, highest rate since 1974. Pakistan’s consumer price index (CPI) jumped…
Dhaka, Bangladesh – Spice trader Mohammed Enayet Ullah has made at least four attempts since November to open a letter of credit to pay for…
Islamabad, Pakistan – The Pakistani government has tabled a 170 billion rupee ($643m) finance bill to help the cash-strapped country secure funds from the International…
As IMF team leaves after 10 days of talks, finance minister Ishaq Dar says the payment has been delayed due to ‘routine procedures’. Islamabad, Pakistan…
The International Monetary Fund (IMF) has raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand in the United States and Europe and…
The funding comes under a new programme which aims to help vulnerable middle-income countries and island states. The International Monetary Fund’s (IMF) executive board has…
Colombo, Sri Lanka – More than 180 prominent economists and development experts from around the world have made a global appeal to Sri Lanka’s financial…