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It is seeking $1bn from each lender as the economy is buffeted by energy price shocks from the Ukraine war.

Pakistan reaches agreement with IMF to resume loan | Business and Economy News

IMF funds will help avert a potential default and pave the way for more aid from other institutions, friendly nations.

The move comes as inflation hit a record 54.6 percent and food inflation galloped to 80.1 percent. The Central Bank

The IMF has said Sri Lanka needs to whittle down existing debt to ‘sustainable’ levels before it can receive any

Ubud, Indonesia – Nadhea Putri’s mounting debt began with a single mobile phone purchase. Putri, who lives in Kuala Kapuas,

Gov’t decided on Monday to limit distribution of fuel to essential services until July 10 and told residents to stay

The two sides have agreed on the budget and fiscal measures but still need to agree on a set of

In its lawsuit, the bondholder said the default is being ‘orchestrated by officials at the highest levels of government’. By Chris

Colombo hopes the IMF visit, overlapping with debt restructuring talks, will yield a quick staff-level agreement. An International Monetary Fund

The donor-dependent southern African state, one of the world’s poorest, has been experiencing foreign currency shortages. Malawi has requested a