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A view of the International Monetary Fund headquarters building in Washington, DC ahead of the 2024 IMF/World Bank Annual Meetings. | Photo Credit: AFP The International Monetary Fund (IMF) maintained its June growth rate projects for India in its latest World Economic Outlook (WEO) released on Tuesday (October 22, 2024), to kick off the World…
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Union Finance Minister Nirmala Sitharaman with Deputy Managing Director of the International Monetary Fund Gita Gopinath, during a meeting, in New Delhi, on August 17, 2024. | Photo Credit: PTI India has been a laggard among G20 nations in terms of employment generation and the country needs to create an additional 148 million jobs by…
Union Finance Minister Nirmala Sitharaman with Deputy Managing Director of the International Monetary Fund Gita Gopinath, during a meeting, in New Delhi. | Photo Credit: PTI India is open to exploring more ways to increase its collaboration with the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman said during a meeting with IMF’s First Deputy…
Under the IMF deal, Pakistan has agreed to increase tax revenues through measures of 1 and a half per cent of GDP in FY25 and three per cent of GDP over the programme. Pakistan and the International Monetary Fund (IMF) have agreed on a $7 billion aid package spread over more than three years to…
Kenya’s President William Ruto. The ballooning debt in East Africa’s economic hub of Kenya is expected to grow even more after deadly protests forced the rejection of a finance bill that President William Ruto said was needed to raise revenue. | Photo Credit: AP The ballooning debt in East Africa’s economic hub of Kenya is…
Sri Lanka State Minister of Finance Asanka Shehan Semasinghe. | Photo Credit: EMMANUAL YOGINI Sri Lanka has reached a debt restructuring deal with the international sovereign bondholders after protracted negotiations, state Finance Minister Shehan Semasingher said on July 4, calling it a “crucial step” in the cash-strapped country’s efforts to restore debt sustainability. In a…
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Pakistan president Asif Ali Zardari | Photo Credit: PTI Pakistan President Asif Ali Zardari on June 30 gave his assent to the government’s tax-heavy Finance Bill 2024, which drew sharp criticism from the Opposition which labelled it as an IMF-driven document that was harmful to the public for the new fiscal year, according to a…
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…
Maulana Fazlur Rehman was speaking in the National Assembly Islamabad: Pakistan’s leading right-wing Islamic leader Maulana Fazlur Rehman on Monday came out in support of his erstwhile rival Pakistan Tehreek-e-Insaf, saying the opposition party has the right to hold rallies and even form a government. Rehman, the chief of his faction of the Jamiat Ulema-e-Islam…
The IMF has approved an immediate disbursal of USD 1.1 billion to Pakistan as part of a bailout package. | Photo Credit: REUTERS The International Monetary Fund has approved an immediate disbursal of USD 1.1 billion to Pakistan as part of a bailout package and said the country needs to take tough measures to bring…
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