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    Rapid global changes require new fiscal policies: Maktoum

    Rapid global changes require new fiscal policies: Maktoum

    11 Feb 2024

    The UAE Ministry of Finance concluded on Sunday the Eighth Arab Fiscal Forum, organised in partnership with the Arab Monetary Fund and the International Monetary Fund, which was held on...

    Pakistan clears plan to dispose of loss-making national airline

    Pakistan clears plan to dispose of loss-making national airline

    02 Feb 2024

    Ahead of elections next week, Pakistan’s caretaker administration is making binding plans for a new government to sell loss-making Pakistan International Airlines (PIA), according to the minister in charge of...

    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...

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