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    Sri Lanka, IMF to start next round of technical talks

    Sri Lanka, IMF to start next round of technical talks

    07 May 2022

    The International Monetary Fund (IMF) announced it will begin the next round of technical discussions with Sri Lanka from May 9-23 IMF’s mission chief for Sri Lanka, Masahiro Nozaki said...

    Pakistan names new central bank chief as talks on stalled IMF programme resume

    Pakistan names new central bank chief as talks on stalled IMF programme resume

    04 May 2022

    Pakistan named a deputy governor of the central bank as its new chief on Wednesday as the country restarts talks with the International Monetary Fund (IMF) on a stalled...

    IMF sees bumper year for Arab oil producers, risk for others

    IMF sees bumper year for Arab oil producers, risk for others

    27 Apr 2022

    The world’s economy is forecast to grow around 3.6% this year, but Arab oil exporters are seeing a windfall from high energy prices that will buoy their economies and replenish...

    Pakistan willing to curb fuel subsidies: Minister

    Pakistan willing to curb fuel subsidies: Minister

    23 Apr 2022

    Pakistan’s new finance minister on Friday agreed with IMF recommendations to reduce fuel subsidies and end a business tax amnesty scheme, pledging to pursue structural reforms to boost a crisis-wracked...

    Cash-strapped Sri Lanka hit by record inflation

    Cash-strapped Sri Lanka hit by record inflation

    22 Apr 2022

    Crisis-hit Sri Lanka’s inflation hit a record high for the sixth consecutive month, official data showed on Friday as the government asked the IMF for an urgent bailout. The...

    IMF asks Sri Lanka to restructure debt before bailout

    IMF asks Sri Lanka to restructure debt before bailout

    20 Apr 2022

    The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to "restructure" its huge foreign debt before a bailout programme could be finalised as anti-government...

    IMF cuts global growth forecast due to seismic waves from Russia’s war

    IMF cuts global growth forecast due to seismic waves from Russia’s war

    19 Apr 2022

    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...

    Sri Lanka says IMF to consider request for rapid financial aid

    Sri Lanka says IMF to consider request for rapid financial aid

    19 Apr 2022

    The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka’s finance ministry said on Tuesday. A delegation headed by Sri...

    Sri Lanka halts share trading for five days as protests spiral

    Sri Lanka halts share trading for five days as protests spiral

    16 Apr 2022

    Sri Lanka on Saturday announced a five-day share trading halt after the crisis-hit country hiked interest rates and declared a default on its external debt during the traditional New Year...

    Crises slowing economic growth worldwide: IMF

    Crises slowing economic growth worldwide: IMF

    14 Apr 2022

    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. And beyond the...

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