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The IMF index looks at market economies’ preparedness for Artificial Intelligence New Delhi: The International Monetary Fund (IMF) released an Artificial Intelligence Preparedness Index (AIPI) Dashboard on their website on Tuesday, tracking 174 economies globally for AI readiness. The Index has categorised each country into Advanced Economy (AE), Emerging Market Economy (EM), and Low-Income…
Representational image only. | Photo Credit: AFP Pakistan has decided to seek a rollover of around $12 billion debt from key allies such as China in the 2024-25 fiscal year to meet a whopping $23 billion worth of gap in its external financing as the federal government aims to achieve budget targets before the expected…
Pakistan Finance Minister Muhammad Aurangzeb. File | Photo Credit: Reuters Pakistan has formally sought a bailout package in the range of $6-$8 billion with the possibility of augmentation through climate financing from the IMF, a media report said on April 20. Cash-strapped Pakistan also requested to dispatch the International Monetary Fund (IMF) review mission next…
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IMF Managing Director Kristalina Georgieva speaks during a press briefing at the International Monetary and Financial Committee (IMFC) plenary session at the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 19, 2024. | Photo Credit: Reuters Shareholders of the International Monetary Fund agreed on the importance of addressing challenges faced by…
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International Monetary Fund (IMF) logo. Representational image | Photo Credit: Reuters The recent remarks of Krishnamurthy Subramanian, Executive Director at the International Monetary Fund, about India’s growth figures does not represent the views of the IMF and were in his role as India’s representative at the global body, the IMF has said. “The views conveyed……
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 “China reaffirms financial support for Sri Lanka” »
Dinesh Gunawardena. File | Photo Credit: AP Sri Lankan Prime Minister Dinesh Gunawardena arrived at Beijing on March 25 for a six-day official visit during which he will hold talks with Chinese President Xi Jinping and Premier Li Qiang on ways to further deepen bilateral ties. “Mr. Gunawardena was received on his arrival by Chinese…
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South Sudan has severely limited economic growth and development. The International Monetary Fund (IMF) has released a report highlighting the world’s poorest countries based on GDP per capita adjusted for purchasing power parity (PPP). While GDP is a measure of a country’s total economic output, PPP takes into account the cost of living, providing a…
Pakistan’s Prime Minister Shehbaz Sharif (L). | Photo Credit: AFP Pakistan’s new Prime Minister Shehbaz Sharif has ordered “immediate” talks with the IMF for an extended fund facility for his cash-strapped country, saying that improving the state of the economy would be the top priority of his government which has received the “mandate”. In January,…
International Monetary Fund (IMF) Managing Director Kristalina Georgieva | Photo Credit: REUTERS The economic success of India is grounded in the pursuit of reforms over the last years, Managing Director of International Monetary Fund (IMF) Kristalina Georgieva said on February 1 exuding confidence that it would achieve its goal of being a developed nation by…
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