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International Monetary Fund

International Monetary Fund

The International Monetary Fund is an international organization headquartered in Washington, D.C., consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

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US dollar share of global foreign exchange reserves drops to 25-year low: IMF
Business

US dollar share of global foreign exchange reserves drops to 25-year low: IMF

The share of US dollar reserves held by central banks fell to 59 per cent -- its lowest level in 25 years -- during the fourth quarter of 2020, according to a recent survey by the International Monetary Fund (IMF).

UAE extends term of USD 2 billion interest-free loan to Pakistan
International

UAE extends term of USD 2 billion interest-free loan to Pakistan

The United Arab Emirates (UAE) has extended the term of USD 2 billion interest-free loan to Pakistan made in January 2019, as Islamabad's economy continues to struggle with sluggish growth amid the coronavirus pandemic.

World Bank sets tough loan terms for USD 1.5 billion to Pakistan
International

World Bank sets tough loan terms for USD 1.5 billion to Pakistan

As Pakistan's financial debt continues to mount, the World Bank has set tough conditions for USD 1.5 billion lending such as an increase in electricity rates, introduction of new power and tax policies, putting the Imran Khan-led government in a tight spot that is already seeking a review of the International Monetary Fund (IMF) deal.

Despite IMF loans, Pakistan continues to rely on China
International

Despite IMF loans, Pakistan continues to rely on China

Pakistan is set to address a dozen conditions in six months to meet the USD 6 billion International Monetary Fund (IMF) programme as the debt-ridden country continues to rely heavily on its all-weather friend China, for additional support, according to a media report.

IMF's suggestion to hasten transition to low-carbon economy should be viewed with low-income economies in mind: Sitharaman
National

IMF's suggestion to hasten transition to low-carbon economy should be viewed with low-income economies in mind: Sitharaman

The International Monetary Fund's (IMF) Global Policy Agenda's suggestion to hasten the transition to a low-carbon economy needs to be viewed in the context of its implications for the emerging market and low-income economies, said Finance Minister Nirmala Sitharaman on Thursday.

Pakistan's economy not managed properly in past, admits PM Imran Khan
International

Pakistan's economy not managed properly in past, admits PM Imran Khan

As loans worth billions of dollars continue to mount on Pakistan, Prime Minister Imran Khan on Thursday admitted that the country's economy has been mismanaged in the past.

IMF asks China to address high corporate debt levels due to excessive lending during COVID-19 pandemic
International

IMF asks China to address high corporate debt levels due to excessive lending during COVID-19 pandemic

The International Monetary Fund (IMF) on Tuesday urged China to further address its high corporate debt levels resulting from its monetary policy during the COVID-19 pandemic.

Sensex up 460 points as RBI holds rates, JSW Steel gains 5.3 pc
Business

Sensex up 460 points as RBI holds rates, JSW Steel gains 5.3 pc

Equity benchmark indices gained nearly one per cent on Wednesday as the Reserve Bank of India kept repo rate unchanged at 4 per cent and maintained 10.5 per cent growth projection for FY22.

IMF projects 12.5% growth rate for India; increases global growth forecast
International

IMF projects 12.5% growth rate for India; increases global growth forecast

The International Monetary Fund (IMF) is expecting a stronger economic recovery in 2021 as Covid-19 vaccine rollouts get underway and warned of "daunting challenges" given the different rates of administering shots across the globe.

Impulsive decision-making, regional trade issues have shaped Pakistan's fragile economy
International

Impulsive decision-making, regional trade issues have shaped Pakistan's fragile economy

As Pakistan's inflation soared from 5.7 per cent in January to over 9 per cent in March, impulsive decision-making and regional trade issues have come to the fore which marked the fragile economy of the country.

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