IMF, Pakistan
Pakistan cuts 1.5 lakh jobs and dissolves six ministries to secure $7 billion IMF loan
Cash-strapped Pakistan announced that in efforts to reduce administrative expenditures, the country has cut nearly 1.5 lakh government jobs, closed six ministries, and merged two others to secure a $7 billion loan deal from the International Monetary Fund (IMF),
Pakistan secures $7 billion fresh loan from IMF; says it will have to go through 'transitional pain': Report
There will be transitional pain, but if we are to make it the last programme, then we have to carry out structural reforms,” Finance Minister Muhammad Aurangzeb told local broadcaster Geo News. IMF said it would issue an “immediate disbursement” of around $1 billion.
Pakistan requests IMF to provide additional $1.5 billion loan to combat climate change
Pakistan has requested the International Monetary Fund (IMF) to provide an additional $1.5 billion loan to tackle the effects of climate change in the country, ARY News reported.Pakistan Prime Minister Shehbaz Sharif met IMF Managing Director Kristalina Georgieva on the sidelines of the 79th session of the United Nations General Assembly (UNGA) in
Pakistan secures $7 billion IMF loan; China, Saudi Arabia, UAE pledge support: Report
The IMF’s executive board approves a $7 billion 37-month loan agreement, backed by significant financial assurances from China, Saudi Arabia, and the UAE.
Pakistan will face 'transitional pain,' says Finance minister as IMF approves $7 billion loan
Pakistan's Finance Minister Muhammad Aurangzeb has warned of 'transitional pain' following a $7 billion loan agreement with the IMF. The government has pledged structural reforms to ensure this is the last IMF program.
International Monetary Fund5d
IMF Annual Report 2024
The global economy currently presents a mixed picture. The good news is that inflation has descended from its mid-2022 peak, thanks largely to the concerted efforts of central banks. International ...
The Observer11d
IMF: Uganda spends more than she earns
More often than not, countries resort to more borrowing to fund the deficit in reserves. The Article IV consultation on ...
EconomyNext1d
Sri Lanka primary dealers using excessive central bank credit: IMF report
Sri Lanka's primary dealers are making excessive use of the central bank's standing facilities to fund their government ...
International Monetary Fund2d
IMF Executive Board Concludes 2024 Article IV Consultation for Pakistan and Approves 37-month Extended Arrangement
The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation and approved a 37-month Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan ...
The Express Tribune3d
Pakistan looks to IMF again, seeking climate cash
Pakistan had requested climate financing a few months ago but the IMF said the country did not meet one of the conditions of ...
Bangladesh Says IMF Will Fast-Track Loans to Support Reforms
The International Monetary Fund has agreed to fast-track financial assistance to Bangladesh for supporting the new government ...
EconomyNext4d
Sri Lanka told to go for single policy rate by IMF, target middle corridor rate
The International Monetary Fund has told the central bank to target the middle of a policy corridor, among other inflationary ...
The Express Tribune4d
IMF-backed reforms to boost Pakistan’s growth to 2.8% in FY25: ADB
The Manila-based lender projects a moderate growth rate of 2.8% for Pakistan in FY25, driven by the 37-month Extended Fund ...
The Kenya Times on MSN4d
Govt Close to Agreeing New Ksh192.7 Billion Loan After IMF Delays
The government is negotiating for a $1.5 billion (Ksh 192.75 billion) loan from the United Arab Emirates (UAE) to help bridge ...