Page 2 - International Monetary Fund

IMF asks Sri Lanka to harden monetary policy, hike tax to address debt woes

The country of 22 million people has requested loans from the IMF as it struggles to pay for imports amid crushing debt and a sharp drop in foreign exchange reserves that has fueled soaring inflation

IMF team to visit Pak in May; to discuss policies in Extended Fund Facility

The newly appointed Pakistan Finance Minister Ismail departed for Washington on April 21 to seek the revival of the USD 6 billion IMF programme signed by the previous Imran Khan government

With global finances at risk, can India avoid a repeat of the 1991 crisis?

India may have done well by keeping commercial bank lending to the government within manageable limits, but RBI has been lending more to the government, which means it has been printing more notes

IMF: Diversification, substitutability build resilient value chains

The IMF says that in the early days of the pandemic in 2020, the GVC-intensive trade collapsed but rebounded very quickly showing remarkable resilience.

Breakthrough in Pakistan-IMF bailout talks as $8-bn package approved

The size of the loan would be increased from the existing $6 billion to $8 billion - a net addition of $2 billion, a senior government functionary requesting anonymity said

Sri Lanka to appoint advisors on debt restructuring in next 20 days

Sabry said that the discussions he started with IMF officials in Washington would end on Sunday, and that there are a lot more discussions to be held ahead

IMF assures to support Sri Lanka's efforts to overcome economic crisis

The International Monetary Fund has assured support to debt-ridden Sri Lanka in its efforts to mitigate the current economic crisis

IMF says it held 'fruitful' discussions with Sri Lanka on loan request

IMF on Saturday said that it held "fruitful technical discussions" with Sri Lankan authorities on the island nation's request for an IMF-supported loan program this week.

China must be treated as equal Sri Lanka creditor: India to IMF, World Bank

"All creditors must be treated equally and with transparency," Sitharaman said in an interview in Washington Friday. "I've emphasized that point in general and in the context of Sri Lanka."

Palm oil export ban will hurt other countries, but necessary: Indonesia FM

Sri Mulyani Indrawati said that with demand exceeding supplies, the ban announced is "among the harshest moves" the government could take after previous measures failed to stabilize domestic prices

Pak finance minister flies to Washington for IMF talks on $6 bn package

Under the agreement signed in 2019, Pakistan would receive USD 6 billion for a period of 39 months, of which it has only received half the amount so far

India's high growth rate positive news for world: IMF Managing Director

A high growth rate for India is positive news for the world, IMF MD Kristalina Georgieva has said.

IMF urges India to prioritise food security, expand transfers to vulnerable

The International Monetary Fund has urged India to prioritise food security and expand transfers to the vulnerable in the wake of the global economic crisis

IMF, World Bank chiefs warn of debt squeeze in world's poorest nations

As interest rates rise, the debt pressures are mounting on developing countries, and we need to move urgently towards solutions, World Bank President David Malpass said

Speculation without data

Poverty estimates need govt surveys to resume

Pakistan to cut expenditures, development funds to revive IMF programme

'We will seek revival of the IMF programme, and we will, God willing, do belt tightening, and cut PSDP (Public Sector Development Funds),' Ismail told a news conference in Islamabad

Financial stability risks risen amid Russia-Ukraine conflict: IMF

"Global financial conditions have tightened notably" and downside risks to the economic outlook have increased as a result of the Russian-Ukraine war, according to Global Financial Stability Report

Citing Russia's war, IMF cuts global growth forecast to 3.6%

The war and the darkening outlook came just as the global economy appeared to be shaking off the impact of the highly infectious omicron variant

Strong US-India relationship to strengthen global order: FM Sitharaman

Observing that the recent Indo Pacific Economic Framework (IPEF) is a fantastic thought which has come from the US, she said India is looking at it and will take a considered view

India headed for robust economic growth, says FM Sitharaman in US

Sitharaman is here to attend the annual spring meeting of the International Monetary Fund and the World Bank