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    IMF lifts global growth forecast citing unexpected ‘resilience’

    IMF lifts global growth forecast citing unexpected ‘resilience’

    30 Jan 2024

    The IMF announced on Tuesday it has raised its 2024 global growth forecast to 3.1 percent, citing unexpected resilience in major advanced and emerging market economies around the world, including...

    IMF board approves $700 million loan as part of Pakistan bailout

    IMF board approves $700 million loan as part of Pakistan bailout

    12 Jan 2024

    The International Monetary Fund’s (IMF) board has approved a roughly $700 million loan for Pakistan under a $3 billion bailout, the fund and the finance ministry said on Thursday. The...

    IMF resumes Sri Lanka’s $2.9b bailout after China’s debt deal

    IMF resumes Sri Lanka’s $2.9b bailout after China’s debt deal

    13 Dec 2023

    The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender....

    Pakistan, IMF reach deal for releasing $700m from $3b bailout fund

    Pakistan, IMF reach deal for releasing $700m from $3b bailout fund

    16 Nov 2023

    Pakistan and the International Monetary Fund (IMF) reached a much-awaited preliminary agreement for the release of $700 million from a $3 billion bailout fund approved by the international lender...

    Sri Lanka sets a fiscal deficit target of $8.73 billion in 2024

    Sri Lanka sets a fiscal deficit target of $8.73 billion in 2024

    13 Nov 2023

    Sri Lanka’s government projected a lower-than-anticipated budget deficit for 2024 on Monday on the back of a significant jump in revenues which are crucial to keep its bailout programme from...

    Germany displaces Japan, nears third position

    Germany displaces Japan, nears third position

    30 Oct 2023

    According to the latest International Monetary Fund (IMF) World Economic Outlook (WEO), Germany is set to become the third biggest economy in the world by the end of 2023, displacing...

    Israel-Hamas war already affecting regional economies: IMF head

    Israel-Hamas war already affecting regional economies: IMF head

    25 Oct 2023

    The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum on...

    Some African governments in a fiscal bind

    Some African governments in a fiscal bind

    18 Oct 2023

    The International Monetary Fund (IMF) urged sub-Saharan African policymakers last week to cut costly fuel subsidies and raise more in taxes, measures that may be hard to implement as governments...

    Sri Lanka president urges debt relief to help green transition

    Sri Lanka president urges debt relief to help green transition

    18 Oct 2023

    Sri Lanka's president on Wednesday said debt relief for low-income countries should be part of the green transition and inaction on debt could pose an existential threat to China's...

    US scuttles IMF reform with a new plan

    US scuttles IMF reform with a new plan

    13 Oct 2023

    Many of the Global South countries with India in the lead had been asking for changes in the shareholding rights in a global financial institution like the International Monetary Fund...

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