IMF
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IMF sets tough terms for bailout revival | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has set out five major conditions for the revival of $6 billion bailout package, including reversal of fuel subsidies and withdrawal of the tax amnesty scheme, the new finance minister, Miftah Ismail, said on Wednesday. The other conditions are increase in electricity tariffs, imposition of new taxes and…
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Oil slumps 5% after IMF slashes outlook | The Express Tribune
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[ad_1] HOUSTON: Oil prices tumbled 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth forecasts and warned of higher inflation. Prices fell despite lower output from OPEC+, which produced 1.45 million barrels per day (bpd) below its targets in March, as Russian output began to…
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IMF cuts global growth forecast | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now a “clear and present danger” for many countries. The war is expected to slow growth and further increase inflation, the IMF said in…
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Sri Lanka fuel prices up ahead of IMF talks | The Express Tribune
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[ad_1] COLOMBO: A key fuel retailer in Sri Lanka raised prices by up to 35% on Monday as the cash-strapped government was set to open crucial bailout talks with the International Monetary Fund. Sri Lanka is in the grip of its worst economic crisis since independence from Britain in 1948. It has led to shortages…
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Shehbaz green-lights team to engage with IMF | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has given a go ahead to his economic team to engage with the International Monetary Fund, as the new government grapples with the question regarding the timing of withdrawing the fiscally unsustainable fuel subsidies. The Ministry of Finance on Thursday briefed the premier about the country’s weakening external sector…
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Crises slowing economic growth worldwide: IMF | The Express Tribune
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[ad_1] WASHINGTON: The war in Ukraine has undercut the global recovery, slowing expected economic growth in most countries in the world, IMF Managing Director Kristalina Georgieva said on Thursday. Beyond the humanitarian tragedy and economic crises, the war has exposed fractures in the international system at a time when global cooperation is the only solution,…
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IMF hopes to mobilise $45b for new trust | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund hopes to mobilise around $45 billion for a new trust to help a broader range of countries, including some middle-income economies, deal with climate change and other longer-term challenges, a paper prepared by IMF staff and reviewed by Reuters shows. The IMF’s executive board is expected on Wednesday to…
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IMF programme likely to resume | The Express Tribune
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[ad_1] KARACHI: Pakistan’s economic fundamentals have continued to remain strong and the unpopular decisions of the government to hike the energy prices in future is likely to get $6 billion International Monetary Fund (IMF) loan programme back on track. The engagement of the Ministry of Finance and the central bank with the International Monetary Fund…
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‘Good news’ of completing next IMF tranche on the cards | The Express Tribune
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[ad_1] State Bank of Pakistan (SBP) Governor Reza Baqir on Monday said that the central bank is confident that it will soon announce the “good news” of completing the conditions required to obtain the next tranche of the International Monetary Fund (IMF). In an exclusive interview with Bloomberg, Baqir stated that it is “no surprise”…
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Argentina to receive $9.7b under $44b debt deal: IMF | The Express Tribune
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[ad_1] WASHINGTON: The IMF executive board on Friday approved a $44 billion loan for Argentina to help the inflation-wracked country’s economy, with $9.7 billion of the funding available immediately. The Washington-based crisis lender said the financing “aims to provide Argentina with balance of payments and budget support” and also “strengthen debt sustainability, tackle high inflation,…
