[ad_1] WASHINGTON: The International Monetary Fund‘s executive board on Friday approved a four-year $15.6 billion financing package for Ukraine as part of a $115 billion total international support package, as Russia‘s invasion stretched into a second year, the IMF said.The decision is expected to mobilize large-scale concessional financing from Ukraine’s international donors and partners to … Read more
[ad_1] MUMBAI: In a second consecutive weekly increase, India’s forex reserves rose $5.977 billion to $578.778 billion in the week ended March 24, the Reserve Bank of India said on Friday.In the previous reporting week, the kitty had risen by $12.8 billion to $572.8 billion.It can be noted that in October 2021, the country’s forex … Read more
[ad_1] New Delhi: The economic catastrophe in Pakistan keeps becoming worse every day. As a result, the prices of all utilities have gone through the roof in the world’s fifth most populous country. As per reports in the media, the prices of onion, wheat and other essential commodities have reached unexpected heights in the last few … Read more
[ad_1] BEIJING: International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed “the need for vigilance” following the recent turmoil in the banking sector.Speaking at a forum in Beijing, the IMF managing director said she expected 2023 “to be another challenging year”, with global growth slowing to … Read more