IMF

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 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...

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...

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...

 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...

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...

The International Monetary Fund (IMF) on Tuesday slashed growth forecast for India by 80 basis points to 7.4 per cent for FY23 citing less favourable external conditions and rapid policy tightening by the central bank.In its update to the...

Veteran politician Ranil Wickremesinghe was on Thursday sworn in as Sri Lanka’s eighth president and will face the tough task of leading the country out of its unprecedented economic crisis and restoring order after months of mass anti-government protests.Wickremesinghe,...

Pakistan has assured the International Monetary Fund (IMF) that it would try to receive concessions from the China-Pakistan Economic Corridor (CPEC) power plants in the shape of either reduction in the profit rates on investment or rescheduling the loan...

Cash-starved Pakistan could face a serious economic problem as its foreign exchange reserves are depleting fast amid rising external debt servicing, according to a media report on Wednesday.The country’s external debt servicing rose to USD 10.886 billion in the...