Policymakers from the Group of 20 industrialised countries are worried that the weakness evident in key economies could spread, especially if elevated trade tensions, such as those between the United States and China, escalate further.
Umar, one of cricketer-turned-premier Imran Khan's most powerful ministers, had been entrusted with the task of negotiating the long-delayed bailout as Pakistan's cash-strapped economy faces a balance-of-payments crisis.
Pakistan has reached an “agreement in principle” with the International Monetary Fund (IMF) over a bailout programme and expects to formally secure a rescue package later this month, a Pakistani minister said on Monday. The long-delayed rescue package would be Pakistan’s 13th IMF bailout programme
David Malpass, US President Donald Trump’s nominee to lead the World Bank, won unanimous approval from the institution’s executive board, continuing the 73-year tradition of an American running the world’s largest development lender. The bank said that Malpass, the US Treasury’s undersecretary for international affairs, will start his new role on Tuesday as the World Bank and International Monetary Fund
The global economy is facing a “delicate moment,” beset with risks as the recovery loses steam amid trade tensions, Brexit and other factors, the International Monetary Fund warned on Tuesday.
A delegation of the International Monetary Fund (IMF) arrived in Pakistan on Monday to continue discussions for a relief package. According to adviser and spokesman for the Ministry of Finance, Dr Khaqan Najeeb, the IMF team will meet officials of the Ministry, the Federal Board of Revenue and the State Bank during its visit to Pakistan.
International Monetary Fund Managing Director Christine Lagarde said on Thursday the delay of Britain’s separation from the European Union avoids the “terrible outcome” of a “no-deal” Brexit that would further pressure the global economy.
Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the IMF on Saturday as part of a review of Cairo’s three-year, $12 billion loan programme with the lender.
Trade tensions and the exchange of tariffs between the United States and China pose a «threat to the global economy,» the International Monetary Fund warned on Thursday.
Minister of State for Revenue Hammad Azhar on Thursday said that talks with International Monetary Fund (IMF) are at the final stage and its details would soon be shared with the parliament. The senate was informed that remittances this year will increase to $22 billion breaking the stagnant mode of the previous years.