Page 15 - Imf

Pakistan faces another lost decade of recovery as army takes on Imran Khan

Pakistan's institutions were never that strong anyway; the military was, famously, the only thing in the country that worked

Multilateral banks not fit for purpose in 21st century: Singh & Summers

The two men have been tasked by G-20 (headed by India this year) to be in charge of an expert group to formulate a detailed plan for reforms in multilateral institutions

Pakistan could default in the absence of IMF bailout loans, warns Moody's

Pakistan is struggling to restart a $6.5 billion bailout program from the Washington-based lender, which has stalled after the government failed to meet some loan conditions

Top cocoa grower has to end subsidies for $3.5 bn IMF loan

Ivory Coast's public debt is expected to increase to 63.3% of gross domestic product this year from 56.8% in 2022, according to IMF data

Bangladesh's GDP growth will overtake China, IMF report forecasts

Bangladesh's GDP growth rate in current fiscal year will overtake China, International Monetary Fund's latest report on the Asia-Pacific region forecast

IMF team flags risks to Bangladesh economy as reserves fall further

The IMF will conduct the first review of its Extended Credit Facility, Extended Fund Facility and Resilience and Sustainability Facility arrangements later this year, the press release said

IMF says inflation, rate hikes to slow growth across Mideast this year

Economies across the Middle East and Central Asia will likely slow this year as persistently high inflation and rising interest rates bite into their post-pandemic gains, the International Monetary Fund said Wednesday. The IMF's Regional Economic Outlook blamed in part rising energy costs, as well as elevated food prices, for the estimated slower growth. The report said that while oil-dependent economies of the Gulf Arab states and others in the region have reaped the benefits of elevated crude prices, other countries such as Pakistan have seen growth collapse after an unprecedented flooding last summer or as economic woes worsened. The regional slowdown also comes as an explosion of fighting in Sudan between two top rival generals who only a year ago as allies orchestrated a military coup that upended the African country's transition to democracy threatens a nation where IMF and World Bank debt relief remains on hold. Rising interest rates, used by central banks worldwide to tr

IMF raises Asia's growth forecast to 4.6%; India, China to be key drivers

The agency, however, slashed next year's growth forecast for Asia by 0.2% to 4.4%

IMF pins hope on India for global economic revival in, says report

International Monetary Fund (IMF) pinned its hopes on India for global economic revival as it continues to remain a relative "bright spot" in the world economy, Asia Lite reported.

IMF Chief Kristalina says rising rates exposed banking vulnerabilities

Georgieva's comments Monday come as US regulators continue efforts to shore up the banking sector, which has been rattled by the Federal Reserve's aggressive interest-rate hikes

Amid pressure from IMF, Pak Army chief visits China to further defence ties

Pakistan's Army chief General Asim Munir has arrived in China on a four-day official visit aimed at boosting bilateral defence ties. This is Gen. Munir's fourth overseas visit ever since he took command of the Pakistan Army in November last year. In January, he visited Saudi Arabia and United Arab Emirates (UAE) on his first official visit abroad since his appointment. A month later, he visited the United Kingdom on a highly important visit on Britain's Ministry of Defence invitation to discuss security-related strategic issues. After his UK visit, Gen Munir again visited the UAE. "COAS is on a four-day official visit to China for enhancing bilateral military relations, the army's media wing said in a statement on Monday without providing any further details about the trip. It is common for the new army chief in Pakistan to undertake a visit to China within weeks of his appointment. The delay this time is attributed to the internal situation in Pakistan. The visit comes amidst ..

Pakistan struggles to secure loans from global lenders, says report

The fall is attributed to non-renewal of the IMF programme. Because of the delay in finalising the deal with the global lender, Pakistan faced difficulties in obtaining international loan

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IMF likely to have erred on India's growth forecast, says RBI paper

Some recent moderation in credit growth; delinquencies reducing except in credit cards, study loans

China as a creditor

Sovereign debt restructuring has become tricky

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IMF has no excuse to delay loan, Pak was not created to act like beggar: PM

PM Shehbaz referred to the terms of the global lender for seeking loan agreements and said that the government made every effort to meet them

Pak Army chief played role in securing funds from Saudi, UAE: PM Sharif

Pakistan's Prime Minister Shehbaz Sharif on Saturday disclosed that Army Chief General Asim Munir played a role in securing funds from Saudi Arabia and the UAE -- a pre-condition by the IMF to seal a bailout deal with the cash-strapped nation. Addressing a ceremony here, Sharif also expressed hope that now the IMF will not delay in reaching an agreement for USD 1.1 billion sought by Pakistan. "Chief of Army Staff General Asim Munir has contributed to the government's efforts to secure funds from Saudi Arabia and the UAE," Sharif said. Debt-ridden Pakistan and the IMF have failed to reach a staff-level agreement on the much-needed USD 1.1 billion bailout package aimed at preventing the country from going bankrupt. The funds are part of a USD 6.5 billion bailout package the IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations. Earlier, the Pakistani Army had announced that Gen.

IMF trims 2023 global growth projections over stress in financial sector

The IMF trimmed its global-growth projections, warning of high uncertainty and risks as financial-sector stress adds to pressures emanating from tighter monetary policy and Russia's war in Ukraine

Crypto issue requires immediate attention, says FM Nirmala Sitharaman

Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said. Sitharaman was part of a brainstorming session on "Macrofinancial Implications of Crypto Assets" with G20 finance ministers and central bank governors at the IMF's headquarters here on Friday. India currently holds the rotating annual presidency of G20 countries. Issues related to crypto have emerged as a major point of discussion among G20 countries and there is unanimity among member nations about the urgency to regulate this sector. The brainstorming session was attended by global experts on this issue. In her remarks, Sitharaman said the G20 acknowledges the work of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) in bringing out key elements of policy and regulatory framework. She also said a synthesis paper, which