The IMF has approved an immediate disbursal of USD 1.1 billion to Pakistan as part of a bailout package. | Photo Credit: REUTERS The International Monetary Fund has approved an immediate disbursal of USD 1.1 billion to Pakistan as part of a bailout package and said the country needs to take tough measures to bring … Read more
The International Monetary Fund (IMF) logo. File. | Photo Credit: Reuters The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on April 18. “We hope an agreement consistent with the parameters of … Read more
IMF Managing Director Kristalina Georgieva. | Photo Credit: REUTERS The IMF executive board confirmed Friday that it had reappointed Kristalina Georgieva to serve for a second five-year term running the international financial institution. The decision means that Ms. Georgieva, who was the sole candidate to lead the International Monetary Fund, will continue in office when … Read more
This handout photo released by Sri Lankan Prime Minister’s Office on March 27, 2024 shows Sri Lanka’s PM Dinesh Gunawardena (left) with Chinese President Xi Jinping, before a meeting in Beijing. | Photo Credit: AFP China has said it would continue to support Sri Lanka, as the crisis-hit island nation’s Prime Minister on March 30 … Read more
Pakistan’s jailed former prime minister Imran Khan on February 28 sent a letter to the International Monetary Fund (IMF), urging it to ensure the audit of at least 30% of national and provincial assembly seats before considering any further bailout talks with the cash-strapped country. The 71-year-old Pakistan Tehreek-e-Insaf (PTI) party founder had announced last … Read more
With just seven months to go in Kristalina Georgieva’s five-year term as head of the International Monetary Fund, she said on Tuesday that she is not focused on whether to seek a second one.Georgieva told Reuters she was focused on the work at hand as the IMF managing director. “Look, I have work to do … Read more
Despite strong post-pandemic growth, the Maldives remains at high risk of debt distress, the International Monetary Fund (IMF) has warned. “Without significant policy changes, the overall fiscal deficits and public debt are projected to stay elevated, and the Maldives remains at high risk of external and overall debt distress,” the IMF said, calling for “urgent … Read more
Sri Lankan President Ranil Wickremesinghe greets Parliamentary officials upon his arrival to declare open the new Parliamentary session in Colombo, Sri Lanka, on February 7. | Photo Credit: AP The restructuring of Sri Lanka’s external debt is to take much longer than expected, going by President Ranil Wickremesinghe’s policy speech on February 6 even though … Read more