Tuesday, February 7, 2023

IMF

IMF rejects Pakistan’s revised circular debt management plan: Report

The International Monetary Fund (IMF) review mission has rejected Pakistan’s revised Circular Debt Management Plan (CDMP). It has called on the Pakistan government to increase the electricity tariff in the range of Pakistani Rupees (PKR) 11-12.50 per unit to...

Economy to grow 6-6.8% in FY24: Eco Survey

India’s economy is projected to slow to 6-6.8 per cent in the fiscal year starting April - still remaining the fastest growing major economy in the world - as extraordinary challenges facing the globe will likely hurt exports, the...

Pak currency plunges to 262 against dollar amid IMF aid uncertainty

Cash-strapped Pakistan’s currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at 262.6 rupees.At one stage the currency depreciated to 265 rupees in the open market and 266 rupees...

Pak PM to visit China nextweek to meet Chinese Prez Xi

Pakistan Prime Minister Shehbaz Sharif will embark on a two-day visit to China next week and meet President Xi Jinping during which they will review the all-weather strategic cooperation partnership and exchange views on regional and global developments, the...

Liz Truss sacks Kwarteng, appoints Hunt as Treasury chief

London, Oct 14 (PTI): British Prime Minister Liz Truss has sacked her Chancellor, Kwasi Kwarteng, in an effort to stem the economic turmoil unleashed by his mini-budget at the end of last month, reports emerging from Downing Street in...

India’s debt ratio to be 84 pc of its GDP: IMF

India’s debt ratio is projected to be 84 per cent of its GDP by the end of 2022, which is higher than many emerging economies, but its debt is a little bit easier to sustain, a senior IMF official...

IMF cuts India’s GDP forecast to 6.8%

WARNS GLOBAL ECONOMIES, SAYS ‘WORST YET TO COME’ The International Monetary Fund (IMF) on Tuesday slashed India’s economic growth forecast to 6.8% for 2022.This is a steep cut in comparison to its previous forecast of 7.4%, that it had given...

IMF agrees on USD 2.9 bn bailout for crisis-hit SL

The IMF on Thursday announced that it will provide Sri Lanka a loan of about USD 2.9 billion over four years under a preliminary agreement to help the bankrupt island nation tide over its worst economic crisis and protect...

IMF strikes $2.9bn deal with SL to recover from financial crisis

 After a week-long discussion with Sri Lankan authorities, the International Monetary Fund (IMF) has agreed to provide a $2.9 billion extended facility for a four-year period, with conditions on debt restructuring and action on corruption. The IMF mission led by...

Staff-level agreement with IMF to be reached soon: SL central bank

Central Bank of Sri Lanka (CBSL) Governor Nandalal Weerasinghe said the country has made good progress in the negotiations with the International Monetary Fund (IMF) amid the ongoing economic crisis. "I can announce that we have made good progress in...