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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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.