IMF authorizes $4.7bn for Argentina after Milei’s ‘bold’ reforms WASHINGTON: The International Monetary Fund on Wednesday approved $4.7 billion for Argentina, supporting the new... Published 01 Feb, 2024 12:48pm
World Hamas head due in Cairo for truce talks GAZA STRIP: The leader of Hamas was expected in Cairo on Thursday for talks on a proposed truce in Gaza, as Israel... Published 01 Feb, 2024 12:29pm
Business & Finance IMF sees Japan committed to flexible exchange rate TOKYO: Japanese authorities are committed to a flexible exchange rate, which acts as a shock absorber and supports... Published 31 Jan, 2024 11:13am
World IMF slashes 2024 Argentina GDP growth forecast, weighs on regional view NEW YORK: The International Monetary Fund slashed its 2024 economic growth projection for Argentina to a 2.8%... Published 30 Jan, 2024 06:46pm
World IMF cuts UK growth outlook for 2025 after stronger past performance LONDON: The International Monetary Fund (IMF) cut its growth forecast for Britain for 2025 on Tuesday after... Published 30 Jan, 2024 06:42pm
World IMF revises up Asia’s growth forecast, warns of China risk TOKYO: The International Monetary Fund (IMF) on Tuesday projected emerging Asian economies would expand 5.2% this... Published 30 Jan, 2024 06:39pm
World Debt relief delays could mean ‘disorderly’ defaults: IMF official JOHANNESBURG: The flagship debt restructuring process for low income countries needs to speed up, otherwise there... Published 30 Jan, 2024 06:34pm
Business & Finance IMF grants Costa Rica more than $770mn in financing The International Monetary Fund said on Thursday it had approved over $770 million in financing for Costa Rica for... Published 22 Dec, 2023 10:51am
Business & Finance World Bank releases $250 million to bolster economic reforms in Sri Lanka The World Bank has released a second tranche of $250 million to support economic reforms in Sri Lanka, it said in a... Published 20 Dec, 2023 01:29pm
Markets King dollar seen vulnerable in 2024 if Fed pivots NEW YORK: The Federal Reserve’s dovish December pivot has boosted the case for the weakening dollar to keep falling... Published 20 Dec, 2023 11:24am
Business & Finance IMF reclassifies India’s exchange rate regime to ‘stabilized arrangement’ BENGALURU: The International Monetary Fund has reclassified India’s “de facto” exchange rate regime to “stabilized... Published 19 Dec, 2023 09:37am
Technology IMF chief says rules, infrastructure needed to prevent crypto risks SEOUL: The head of International Monetary Fund (IMF) said on Thursday that crypto currencies need to be regulated... Published 14 Dec, 2023 10:12am
World IMF board clears first review of Bangladesh’s $4.7 billion bailout DHAKA: Bangladesh needs to tighten its monetary policy and have greater exchange rate flexibility to help contain... Published 13 Dec, 2023 12:44pm
World IMF resumes Sri Lanka bailout after China’s debt deal WASHINGTON: The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the... Published 13 Dec, 2023 11:16am
World IMF’s Gopinath warns fragmentation of global economy could cut GDP by 7% WASHINGTON: The International Monetary Fund’s No. 2 official on Monday warned that fragmentation in the global... Published 11 Dec, 2023 08:53pm
Pakistan SBP seen holding key policy rate as monetary policy committee meets Tuesday Pakistan's key rate was raised to an all-time high of 22% in June and has stayed unchanged for the last three rate meetings Updated 11 Dec, 2023 09:32pm
World Debt deal with creditors could help Sri Lanka clear IMF bailout review COLOMBO: Sri Lanka’s pact with creditor nations to restructure its debt prepares the way for the International... Published 30 Nov, 2023 11:00am
World Sri Lanka and creditor nations agree in principle on debt restructuring COLOMBO/TOKYO: A group of Sri Lanka’s creditor nations and Colombo reached an agreement in principle on debt... Updated 29 Nov, 2023 06:18pm
Markets Pakistan’s bonds rally to highest level in over a year LONDON: Hopes that more international financial support is on the way lifted Pakistan’s government bonds to their... Updated 20 Nov, 2023 10:16pm
Business & Finance IMF looking forward to working closely with Argentina’s Milei: Georgieva LONDON: The head of the International Monetary Fund, Kristalina Georgieva, said on Monday the Fund was looking... Published 20 Nov, 2023 03:26pm
Business & Finance IMF chief says Biden-Xi engagement an important signal for world to cooperate SAN FRANCISCO: International Monetary Fund Managing Director Kristalina Georgieva said on Friday this week’s meeting... Published 18 Nov, 2023 11:58am
Pakistan Pakistan’s battered bonds rally again on fresh IMF hopes LONDON: Pakistan’s dollar-denominated government bonds rallied as much as 3 cents, or roughly 4%, on Friday as they... Updated 17 Nov, 2023 10:28pm
Business & Finance IMF reaches staff level agreement with Kenya for $682mn financing NAIROBI: The International Monetary Fund (IMF) has reached a staff-level agreement granting Kenya’s request for... Published 16 Nov, 2023 11:57am
Markets Inter-bank: rupee ends depreciation run against US dollar Currency appreciates 0.26% to settle at 287.38 against US dollar Updated 16 Nov, 2023 06:30pm
Business & Finance IMF to increase Kenya programme by $650mn NAIROBI: The International Monetary Fund (IMF) has agreed to increase Kenya’s lending programme by $650 million, the... Published 07 Nov, 2023 03:58pm
Business & Finance IMF raises China 2023 growth forecast to 5.4% BEIJING: The International Monetary Fund on Tuesday raised its 2023 economic growth forecast for China, citing... Published 07 Nov, 2023 01:40pm
Business & Finance Asia’s factories squeezed as China’s nascent recovery teeters TOKYO: Asia’s manufacturers faced worsening pressure in October with factory activity in China slipping back into... Published 01 Nov, 2023 10:57am
World Israel-Hamas war already affecting regional economies: IMF head RIYADH: The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing... Updated 25 Oct, 2023 10:56pm
Markets IMF seeks strong budget, narrower deficit from Sri Lanka NEW DELHI: The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka... Published 20 Oct, 2023 10:35am
Business & Finance Pakistan to appoint adviser as it privatises money-losing national airline ISLAMABAD: Pakistan will appoint an adviser to draft a plan to privatise its money-losing national airline, the... Updated 10 Oct, 2023 10:40pm