[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by the South Asian nation which is teetering on the brink of default.The deal, subject to approval by the IMF board in July, comes after an eight-month delay … Read more
[ad_1] KARACHI: Pakistani Prime Minister Shehbaz Sharif is hopeful of finalising a deal with the International Monetary Fund (IMF) this month, he said in an interview with Turkish news agency Anadolu. The release of pending bailout funds under the 9th IMF review are crucial for Pakistan to resolve an acute balance of payments crisis. Reserves … Read more
[ad_1] Calls to move away from relying on the U.S. dollar for trade are growing. More and more countries — from Brazil to Southeast Asian nations — are calling for trade to be carried out in other currencies besides the U.S. dollar. The U.S. dollar has been king in global trade for decades — not … Read more
[ad_1] Last Updated: April 07, 2023, 03:31 IST Kristalina Georgieva also said slower growth would be a “severe blow,” making it even harder for low-income nations to catch up. (Image: Reuters) International Monetary Fund managing director warned that a sharp slowdown in the world economy last year following the pandemic and Ukraine conflict The IMF … Read more
[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