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International Monetary Fund

World

IMF Board Grants $1.1 Billion To Pakistan As Bailout Funds

Rohan Ramesh -
The International Monetary Fund (IMF) board approved the seventh and eighth reviews of Pakistan's bailout programme, allowing for a release of over $1.1 billion...
World

$300m World Bank Grant To Mozambique Post Scandal

Rohan Ramesh -
The World Bank on Monday granted $300 million to Mozambique. This deal marks the resumption of its support to the country six years after...
World

Amid Crisis, Sri Lanka’s Parliament Elects Ranil Wickremesinghe As New President

Rohan Ramesh -
Members of Sri Lanka’s parliament have elected Ranil Wickremesinghe as the country’s new president after their former leader Gotabaya Rajapaksa fled the country and...
World

Pak Assures IMF Over Seeking Concessions On CPEC Projects

Rohan Ramesh -
A Pakistan daily – The Express Tribune has reported that the country has assured the International Monetary Fund (IMF) that it would try to...
World

Central African Republic Launches ‘Sango Coin’ Cryptocurrency

Rohan Ramesh -
Amid a rout in industry, Central African Republic (CAR) has said it will soon start selling a new cryptocurrency. This cryptocurrency, according to country...
Global

IMF Wants To Ban Pakistan From Seeking More Chinese Loans

Rohan Ramesh -
A new report states that the International Monetary Fund (IMF) intends to ban Pakistan from borrowing more money from China. Islamabad's aim to seek $3.7...
World

Egypt’s Suez Canal Records $7bn Profit In 2021-2022

Rohan Ramesh -
The Suez Canal Authority (SCA) announced a record profit of $7 billion for the fiscal year 2021-2022. The profit comes after the SCA raised...
Indian Ocean Region

Sri Lanka Is ‘Bankrupt’: PM Ranil Wickremesinghe

Rohan Ramesh -
Prime Minister Ranil Wickremesinghe said on Tuesday that Sri Lanka is ‘bankrupt’. The country is reeling under its worst financial crisis in decades with...
Global

Chinese Banks To Provide USD 2.3 Billion To Pakistan ‘Within Days’ Under Loan Agreement

ANI -
Pakistan is in a deep financial crisis and this development comes after reports emerged of Pakistan reaching an understanding with the International Monetary Fund...
Global

Finance Ministers Of G20 Nations To Meet Today In Washington

Staff -
Today meeting will be held as part of the International Monetary Fund (IMF)-World Bank Group (WBG) annual meetings. The finance ministers of G20 (Group...
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