IMF

Reserve Bank Governor Shaktikanta Das on Thursday described cryptocurrencies as “clear danger” and said that anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name.The government is in the process of...

The IMF on Thursday said it has concluded “constructive and productive” discussions with Sri Lankan authorities, but warned that the crisis-ridden island nation needs to do more on debt restructuring and step up structural reforms to address corruption vulnerabilities...

Sri Lanka’s economy has “completely collapsed” and it is facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food, Prime Minister Ranil Wickremesinghe warned on Wednesday, underscoring the urgency of arriving at an...

Sri Lankan Prime Minister Ranil Wickremesinghe on Monday held talks with a visiting IMF team on an economic programme that could be supported by the global lender’s lending arrangement for the cash-starved government which is seeking to find USD...

Sri Lanka aims to set up a financial safety net of Rs 200 billion to provide social security support to the needy amidst the worst economic crisis in the country, Prime Minister Ranil Wickremesinghe has announced. “The government is...

The International Monetary Fund (IMF) has asked the Pakistan government to renegotiate the China-Pakistan Economic Corridor (CPEC) energy deals before making payments of around 300 billion PKR to the Chinese power plants, putting Islamabad in a tight spot.The global...

Pakistan is expected to reach an agreement with the IMF next month to resurrect an enhanced bailout package to support the cash-strapped country’s sagging economy, Finance Minister Miftah Ismail has said.Pakistan has repeatedly been seeking international aid to support...

Pakistan will “turn into Sri Lanka” if former prime minister Imran Khan is arrested and the new government will be responsible for that, former interior minister Sheikh Rasheed Ahmed has warned.Rasheed, while addressing a press conference in Faisalabad on...

The International Monetary Fund has assured support to debt-ridden Sri Lanka in its efforts to mitigate the current economic crisis and termed the initial discussions with the delegation led by the country’s Finance Minister Ali Sabry as “fruitful”.Sri Lanka...

In an “unstinted and multi-faceted support” to Sri Lanka which is grappling with its worst-ever economic crisis, India has extended the duration of the USD 400 million currency swap facility which had been concluded with the island nation in...