IMF to provide Zambia with $184mn as board review completed WASHINGTON: The International Monetary Fund said on Monday its executive board completed a review that would provide... Published 17 Dec, 2024 12:39pm
Business & Finance Saudi Arabia’s inflation reaches 2% in November RIYADH: Saudi Arabia’s annual inflation rate continued to slowly accelerate, hitting 2% in November compared to 1.9%... Published 15 Dec, 2024 12:41pm
Business & Finance IMF board concludes review that makes $131 million available to Jordan WASHINGTON: The International Monetary Fund’s executive board has concluded a review that makes $131 million... Published 13 Dec, 2024 11:16am
Markets In meeting with IMF’s new representative, Aurangzeb reaffirms commitment to loan programme Finance minister Muhammad Aurangzeb reiterated on Thursday Pakistan’s commitment to ensuring “smooth and successful”... Updated 05 Dec, 2024 10:15pm
Business & Finance Sri Lanka to ink debt deals by year’s end: minister COLOMBO: Cash-strapped Sri Lanka vowed Thursday to complete its long-delayed foreign debt restructure within the... Updated 05 Dec, 2024 05:13pm
World Sri Lanka eases monetary policy, sets new single benchmark rate COLOMBO: Sri Lanka’s central bank set a new single policy rate of 8% on Wednesday, easing monetary settings below... Published 27 Nov, 2024 10:32am
World IMF approves third review of Sri Lanka’s $2.9bn bailout COLOMBO: The International Monetary Fund (IMF) approved the third review of Sri Lanka’s $2.9 billion bailout on... Published 23 Nov, 2024 01:16pm
World Sri Lanka reappoints Amarasuriya as prime minister COLOMBO: Sri Lankan President Anura Kumara Dissanayake reappointed Harini Amarasuriya as the prime minister of the... Published 18 Nov, 2024 12:17pm
World Fragile countries make $20 billion climate finance push at COP29, letter says BAKU: A group of conflict-affected countries is pushing at COP29 to double financial aid to more than $20 billion a... Published 15 Nov, 2024 04:44pm
Business & Finance IMF reaches staff agreement with Zambia for $185.5 million disbursement WASHINGTON: The International Monetary Fund said on Monday that it reached a staff-level agreement for the fourth... Published 12 Nov, 2024 11:55am
Pakistan Pakistan’s bilateral partners to continue rollovers during IMF programme: SBP governor ISLAMABAD: The State Bank of Pakistan (SBP) Governor Jameel Ahmad told analysts on Monday that bilateral partner... Updated 04 Nov, 2024 08:41pm
Pakistan Real estate developer Blue World City cleared to bid for PIA, company chairman says KARACHI: A Pakistani real estate development company said on Wednesday it had completed requirements to enter the... Updated 30 Oct, 2024 10:02pm
Business & Finance IMF urges African oil exporters’ reforms to boost ‘subdued’ growth NAIROBI/WASHINGTON: Sub-Saharan African nations that depend on commodity exports need to reform their economies to... Published 25 Oct, 2024 07:26pm
Business & Finance World Bank’s Banga says more bilateral debt forgiveness needed WASHINGTON: World Bank President Ajay Banga said on Thursday that bilateral creditors need to provide more debt... Published 17 Oct, 2024 08:37pm
Business & Finance IMF says global public debt to top $100 trillion, growth may accelerate WASHINGTON: The world’s total public debt is set to exceed $100 trillion this year for the first time, and may grow... Published 15 Oct, 2024 11:42am
World World Bank says 26 poorest nations in worst financial shape since 2006 WASHINGTON: The world’s 26 poorest countries, home to 40% of the most poverty-stricken people, are more in debt than... Published 14 Oct, 2024 06:24pm
World Turkiye should continue tight, monetary policy until inflation at target, IMF says ISTANBUL: The International Monetary Fund called for continued tight, data-driven monetary policy in Turkiye until... Published 12 Oct, 2024 01:01pm
Business & Finance Country urged to enhance AML/CFT framework ISLAMABAD: The International Monetary Fund (IMF) has urged Pakistan for continued enhancements in the Anti-Money... Published 12 Oct, 2024 07:45am
World Sri Lanka to discuss IMF deal framework during October meetings in Washington COLOMBO: Sri Lanka will have deeper talks with the International Monetary Fund on the framework of a $2.9 billion... Published 01 Oct, 2024 12:03pm
World IMF sees gradual return to economic normalcy in Bangladesh WASHINGTON: The International Monetary Fund on Monday said Bangladesh’s quick formation of an interim government has... Published 30 Sep, 2024 07:42pm
Business & Finance Sri Lanka holds rates steady, sees rosy inflation, growth outlook COLOMBO: Sri Lanka’s central bank kept interest rates unchanged on Friday in line with expectations, citing domestic... Published 27 Sep, 2024 01:58pm
World Russia’s Sergei Lavrov says UN turns blind eye to Kursk incursion by Ukraine Russian Foreign Minister Sergei Lavrov said the UN was turning a blind eye to excesses committed by Ukrainian forces... Published 25 Sep, 2024 11:36am
World IMF says ready for talks with Sri Lanka’s new leftist government COLOMBO: The International Monetary Fund is ready to discuss its controversial $2.9 billion bailout programme for... Published 24 Sep, 2024 11:21am
Business & Finance IMF postpones scheduled consultations with Russia, says TASS, citing Russian director The International Monetary Fund has postponed its planned consultation mission with Russia indefinitely because of... Published 18 Sep, 2024 10:15am
World US committed to Bangladesh’s economic growth, to give $202mn more in aid DHAKA: The United States is committed to supporting Bangladesh’s inclusive economic growth, institution building and... Published 15 Sep, 2024 03:40pm
World IMF, Ukraine reach deal that would give it access to some $1.1bn WASHINGTON: The International Monetary Fund said on Tuesday it had reached a preliminary agreement with Ukraine that... Published 11 Sep, 2024 10:27am
Business & Finance IMF mission starts fifth review of Ukraine program as Kyiv reshuffles government KYIV: An International Monetary Fund mission began work on Wednesday on the fifth review of its $15.6 billion... Published 04 Sep, 2024 02:57pm
Pakistan Pakistan aims to secure $4bn from Middle Eastern banks by FY26: SBP governor Jameel Ahmad says Pakistan is in 'advanced stages' of securing $2 billion in additional external financing required for IMF executive board approval Updated 27 Aug, 2024 10:18pm
Pakistan Aurangzeb says Pakistan has secured debt rollover commitments from China, Saudi Arabia and UAE Development gives boost to economy that awaits Executive Board approval from the IMF ahead of $7-billion bailout Updated 06 Aug, 2024 10:25pm
World IMF says it is ‘fully committed’ to Bangladesh after protests oust PM LONDON: The International Monetary Fund said it was “fully committed to Bangladesh and its people” after protests... Published 06 Aug, 2024 01:05pm