Page 6 - International Monetary Fund

Progressive and proactive: Crypto players all praise for IMF-FSB plan

Investments in resources, technology, and personnel would be necessary to ensure compliance

Uncertain outlook

IMF warns of geopolitical risks to world economy

IMF warns of stubborn inflation and weaker global growth in the coming year

In most countries, the IMF, an institution charged with monitoring the health of the global economy, foresees inflation remaining above central bank targets until 2025

Muneesh Kapur appointed as RBI's executive director, takes charge Oct 3

He also worked as the Adviser to the Executive Director at the International Monetary Fund from 2012 to 2015

IMF mission to arrive in Pak by late October for economic review: Report

The IMF will send its delegation to Pakistan in the last week of October to review the cash-strapped country's economic performance in the first three months of the current fiscal year, according to a media report on Tuesday. Quoting sources in the Ministry of Finance, The Express Tribune newspaper said that during the meeting with the International Monetary Fund (IMF) mission, the caretaker government will also discuss reforms in various sectors, including taxes and energy. The report said once the economic review is successfully completed, Pakistan will receive the next installment of USD 700 million from the IMF after its board's approval. The Washington-based global lender transferred USD 1.2 billion to the cash-strapped country in July, as part of the USD 3 billion bailout programme for nine months to support the government's efforts to stabilise the country's ailing economy. Although essentially a bridge loan, it offered much respite to Pakistan, which was battling an acute .

Despite signs of stabilisation, full recovery not assured: IMF on Sri Lanka

At the end of the mission, Breuer and Svirydzenka said in a statement that Sri Lanka has made commendable progress in implementing reforms

India likely to keep door shut on crypto for two years, says WazirX

India has called for a globally coordinated approach to crypto rules with the help of institutions such as the International Monetary Fund

IMF's Gita Gopinath praises India's G20 Summit message, PM Modi responds

IMF's deputy managing director Gita Gopinath shared a photo with Prime Minister Narendra Modi and complimented him on successfully hosting the G20 Summit

Crypto can't be legal tender; blanket ban not easy: IMF-FSB paper

Central banks should avoid holding crypto assets in their official reserve as they pose a risk to monetary and global financial stability, according to the synthesis paper

G20 Finance Deputies' meet begins: Crypto norms, debt distress in focus

India's G20 presidency has also put together a summary of various works being done by different institutions towards crypto assets

Synthesis note on regulating crypto assets circulated among G20 members

Finance deputies to meet this week to discuss debt distress, digital public infra

IMF asks details of Pakistan's plans to reduce electricity tariffs

People across Pakistan have been protesting against the rise in electricity prices for the past few days

Employment in India registered V-shaped recovery post-pandemic: Former CEA

Krishnamurthy V Subramanian also called to cease the use of CMIE data on employment in India till the flaws in its survey methodology are fixed

China assures SL of help in addressing debt challenges before IMF's review

Sri Lanka's largest bilateral creditor, China, has assured the island nation its help in effectively addressing the debt challenges as it has to finalise the external and domestic debt restructuring of a whopping USD 41 billion by September before the IMF's first review. The International Monetary Fund (IMF) is set to conduct its first review of the USD 2.9 billion bailout granted to Sri Lanka in March this year from September 11-19. A release from the Prime Minister's Office on Wednesday said Wang Yi, the Foreign Minister and Director of the Office of the Foreign Affairs Commission of the ruling Communist Party of China (CPC) Central Committee who met Sri Lanka Prime Minister Dinesh Gunawardena on the sidelines of the seventh China-South Asian Expo assured that it will help in effectively addressing the country's debt challenges. China is always Sri Lanka's reliable strategic partner and appreciates that Sri Lanka has always been friendly to China and has stood by China on issues .

IMF seeks explanation from Pakistan for not imposing tax on big shops

Pakistan's Federal Board of Revenue (FBR) chairman confirmed that the IMF sought an explanation for not imposing a tax on big shops

Pakistan facing 'exceptionally high' economic challenges, says IMF

The IMF assessment noted that Pakistan's economic challenges were complex and multifaceted, and risks were exceptionally high

IMF sees 'pockets of resilience,' slowing momentum in global economy

Reduced supply chain disruptions and lower goods demand means likely disinflationary pressures from goods, the IMF said

Cash-strapped Pakistan assures IMF of $8 bn external payments: Report

Cash-strapped Pakistan has provided the IMF with a financing plan for external payments, in which it has informed the global lender that it will arrange USD 8 billion for the purpose instead of USD 6 billion, according to a media report on Saturday. The Pakistan government and the International Monetary Fund (IMF) reached a long-awaited staff-level agreement on June 29 to inject USD 3 billion Standby Arrangement (SBA) into the ailing economy after months-long negotiations that pushed the country to the brink of default. The Executive Board of the IMF will meet on July 12 to review the SBA for Pakistan According to sources in the finance ministry, the IMF had asked Pakistan for assurances of USD 6 billion for external payments, The Express Tribune newspaper reported. However, the sources added that Pakistan had given the IMF assurances of USD 8 billion for external payments. The sources said China would provide USD 3.5 billion to Pakistan of which Islamabad would keep USD 2 billion

Cash-strapped Pakistan explores external financing options after IMF deal

With the IMF now on board, the cash-strapped Pakistan government is now considering meeting most of its external financing needs in the medium term through 10-15 years of international bonds and concessional multilateral loans, according to a media report on Monday. It also plans to diversify local debt instruments to inflation-based bonds, list government papers on the stock exchange, and issue short-term Islamic and conventional floating rate products, the Dawn newspaper reported. The Pakistan government and the International Monetary Fund (IMF) last week reached a long-awaited staff-level agreement to inject USD 3 billion into the ailing economy after months-long negotiations that pushed the country to the brink of default. This is part of the new Medium-Term Debt Management Strategy, released by the Ministry of Finance on the weekend, for the fiscal years 2023 -2026, the report said. Availing maximum concessional external financing from bilateral and multilateral development ..

IMF deal expected in next 24 hours: Pakistan Finance Minister Ishaq Dar

The agreement, which would be subject to approval by the IMF board, has faced an eight-month delay