IMF blocks Afghanistan's access to funds
Washington: The International Monetary Fund has stopped funds to Afghanistan after the insurgent group Taliban took over the country following large scale violence and killings.
UN chief welcomes 'historic' IMF liquidity boost for governments in need
New York: As the COVID-19 crisis continues to exacerbate restrictions on government spending throughout the world, the UN chief on Tuesday welcomed the decision by the International Monetary Fund (IMF) to approve a $650 billion allocation of Special Drawing Rights to “boost liquidity”.
Imran Khan govt may not be able to implement major conditions of IMF in budget: Aisha Ghous Pasha
Islamabad: Punjab’s former finance minister and PMLN MNA Aisha Ghous Pasha has said Pakistan PM Imran Khan-led government might not be able to implement major conditions of the International Monetary Fund (IMF) in their budget.
Bilawal Bhutto Zardari says Imran Khan should apologies, step down over IMF deal
Chairman of Pakistan People’s Party (PPP) Bilawal Bhutto Zardari has said Prime Minister Imran Khan should apologise for the IMF deal which is believed to have ruined the economy.
IMF board approves plan to release $500 million to Pakistan
Islamabad: Pakistan is all set to get $500 million from the International Monetary Fund (IMF) as part of the $6 billion bailout package agreed in 2019. The IMF board approved an agreement earlier reached at the staff level.
IMF chief backs $650Bln allocation for global recovery: Statement
Washington/Sputnik: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said in a statement that she supports discussions about a possible new Special Drawing Rights allocation of $650 billion to support the global recovery from the novel coronavirus pandemic.
International Monetary Fund report validates Canada's economic response to COVID-19
Ottawa: The Department of Finance Canada welcomed the International Monetary Fund (IMF)'s Staff Report for the 2021 Article IV Consultation to conclude its annual Article IV mission to Canada.
IMF: ‘Less severe’ but ‘still deep’ recession predicted
New York: In the shadow of the COVID-19 pandemic and its continuing impact, the global economy could see a “somewhat less severe, though still deep” recession through 2020, the International Monetary Fund (IMF) has projected in its latest global economic outlook.
IMF asks Pakistan to freeze salaries of govt employees
Islamabad: The International Monetary Fund has asked cash-strapped Pakistan to freeze salaries of government employees and adhere to the fiscal consolidation path by showing a nominal primary deficit in the new budget, reported The Express Tribune.
Pakistan not in IMF Covid-19 relief list, Afghanistan among recipients
Islamabad/IBNS: Pakistan PM Imran Khan received a jolt recently when despite demanding for a COVID-19 relief, he was denied so by the International Monetary Fund (IMF). The South Asian country it seems is not among the nations where the international body extended its help.
IMF approves first emergency COVID-19 aid for Kyrgyzstan
Bishkek/Xinhua/UNI: The International Monetary Fund (IMF) on Thursday approved a disbursement of 120.9 million U.S. dollars to address Kyrgyzstan's COVID-19 outbreak, its first offer of emergency financial assistance since the pandemic started.
New York/IBNS: The top United Nations official in Somalia congratulated the Horn of Africa nation on Wednesday for achieving the benchmark set by the World Bank and the International Monetary Fund (IMF), confirming its eligibility for debt relief.
Ukraine hopes to secure 2nd IMF loan payout before year's end: Finance Minister
Kiev, Oct 19 (Sputnik/UNI) Ukraine still has the chance to secure the second loan tranche from the International Monetary Fund (IMF) before the end of the year, Finance Minister Oksana Markarova said Saturday.
-1567972426.jpg "Pakistan awaits IMF team to fix collapsing economy amid sparring over Kashmir")
Pakistan awaits IMF team to fix collapsing economy amid sparring over Kashmir
Islamabad, Sept 8 (IBNS): Even as Pakistan Prime Minister Imran Khan keeps their anti-India rant over Kashmir situation raging, experts say he is facing a tough challenge from the crippling economy of the Islamic nation and perhaps the brouhaha over J&K gives him a temporary tool to divert attention of his people.
Pakistan currency touches record low against USD days after IMF bailout deal
Karachi, May 16 (IBNS): The Pakistani currency on Wednesday hit an all-time low of 146.25 rupees against the US dollar amid looming fears of further devaluation, Arab News reported.