Cash-strapped Pakistan is set to resume talks with the International Monetary Fund next week for the revival of a $6 billion loan package, according to a media report on Sunday
IMF executive board will intensify its probe of MD Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China
The IMF said that unsound macroeconomic policies and inefficient payment systems are among the drivers of cryptocurrency adoption in emerging economies
Governor Ajith Nivard Cabraal, while announcing a range of measures, also reiterated that the island nation would not seek any bailout from the International Monetary Fund
Bitcoin and its kin have in the last year soared in price and popularity
The efforts now underway to remove Kristalina Georgieva are not only unjust, but could hamstring the Fund's management for years to come
Biden govt has yet to offer support for Georgieva
Georgieva used a previously scheduled meeting with staff to address findings contained in an independent report on data irregularities in World Bank's now-canceled "Doing Business" rankings
The IMF review was launched after Georgieva briefed the board on the issue on Thursday
To discontinue 'Doing Business' reports after ethics review
IMF MD Kristalina Georgieva was cited by the World Bank in the probe of its periodic 'Doing Business' report
Sri Lanka did not immediately announce a successor to Lakshman, who took up the post in December 2019. The government said he would step down on Tuesday
The government's revenues were also far short of target as pandemic curbs hurt economic activity, Rajapaksa said during a debate in parliament Tuesday
The US should, as leading economic power, quickly rescue moribund WTO dispute settlement mechanism and work with other countries to come up with meaningful initiatives
SDR is an alternate reserve currency floated by the IMF, which the member countries can freely exchange between themselves
The Reserve Bank said India's holding of IMF's Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is equivalent to $19.41 billion as per exchange rate
To understand what Africa needs to do, it's helpful to review the history of Special Drawing Rights
Afghanistan is in dire need of funds, but nothing of consequence happens at lending institutions like the IMF without US approval.
While Afghanistan will still receive the assets, it won't be able to use them because the new regime lacks international recognition, the IMF said
Taliban insurgents tightened their grip on Afghanistan on Friday, wresting control of its second and third biggest cities