Topics: IMF

IMF Chief: We are seeing a “fundamental shift” in the global economy

Speaking at Georgetown University’s School of Foreign Service, International Monetary Fund (IMF) Chief Kristalina Georgieva on Friday said, “We are experiencing a fundamental shift...

Increasing Cases and United States ‘Carousel Retaliation’ spooks risk sentiment

The risk sentiment was souring as US trade representatives had proposed imposing tariffs on USD 3.1bn of imports from France, Germany, Spain, and the...

COVID-19: Imran Khan says ‘Pakistan can’t afford the nationwide lockdown’

As the confirmed case of the Coronavirus (COVID-19) in Pakistan reaches to 464, the Prime Minister of Pakistan, Imran Khan on Friday said that...

Report: IMF, Pakistan govt reach agreement on second view of $6 bn bailout package

The IMF has said it has reached a staff-level agreement with the Pakistani authorities "on policies and reforms" needed to complete the second review...

IMF: India needs more ambitious structural and Financial sector reforms

India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while...

India’s forex reserves increase by $441 million to a new lifetime high of $448.2 billion

India's forex reserves rose by $441 million to a fresh lifetime high of $448.249 billion in the week to November 15 on an increase...

IMF Chief Kristalina Georgieva says, “Global debt surges record-high to $188 trillion”

The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva...

RBI: Forex reserves rose by $1 bn to $429.60 bn, Gold drops by $199 mn to $27.35 bn

The country's foreign exchange reserves increased by $1.004 billion to $429.608 billion in the week to September 6, helped by a rise in foreign...

Cash-strapped Pakistan to miss IMF’s Rs 75 billion tax refund condition

Cash-strapped Pakistan is set to miss the International Monetary Fund's condition to refund Rs 75 billion to taxpayers in the first quarter despite an...

IMF: Tariffs imposed by the U.S., China may decrease global GDP by 0.8% for 2020

Tariffs imposed or threatened by the United States, and China could shave 0.8% off global economic output in 2020 and trigger more losses in...

Raghuram Rajan says, “Brexit is a reason why he didn’t apply for the job to lead Bank of England.”

RBI's ex-Governor Raghuram Rajan on Friday said that “the political challenge posed by the Brexit were the few reasons why he didn’t apply for...

Imran Khan’s Finance Advisor: IMF’s $6 billion bailout package to Pakistan, would attract another $38 billion from other lenders

The IMF's decision to provide a USD 6 billion bailout package to Pakistan has improved the cash-strapped country's standing, and it would attract USD...

Nirmala Sitharaman to attend G20 Finance Ministers meeting in Japan

Finance minister Nirmala Sitharaman will attend the two-day meeting of G-20 finance ministers and central bank governors in Japan beginning June 8, said a...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's dominant reserve currency, the Sino-US trade war may offer a window...

IMF’s bailout package for Pakistan to be delayed: Reports

The IMF's bailout package to Pakistan could be delayed as both sides are still engaged in an intense conversation to finalise the agreement and...

EU to hit back on US tariffs over Airbus-Boeing subsidies dispute

French Finance Minister Bruno Le Maire has warned that Europe was ready to hit back at any US tariffs over Airbus subsidies as he...

Shaktikant Das: Monetary economics in emerging markets needs a rethink

Observing that the global financial crisis has exposed several limitations of conventional and unconventional monetary policy tools, Reserve Bank of India (RBI) Governor Shaktikanta...

China’s economic growth in 2019 is expected to slow by 6.2% despite policy support

China's economic growth is expected to slow to a near 30-year low of 6.2 percent this year, a Reuters poll showed on April 12,...

Foreign reserve grows to $412 billion from $5.23 billion

The maiden dollar-rupee swap conducted by the central bank last week helped the country's foreign exchange reserves swell by a healthy $5.237 billion to...

China helps Pakistan with $2.1 billion loan

Cash-strapped Pakistan will receive over USD 2 billion loan from its "all-weather" ally China by Monday to provide a boost to its ailing economy,...

Finance Minister Asad Umar: Pakistan fails to lock $3.2 billion oil payment facility from UAE

Cash-strapped Pakistan has failed to secure a USD 3.2 billion oil on deferred payments facility from the UAE, a media report Thursday quoted Finance...

Pakistan may ask for an additional $1.45 billion loan from Islamic banks

Pakistan will likely turn to Islamic banks to borrow another 200 billion rupees ($1.45 billion) to try to ease a financial crunch in its...

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