Sri Lanka expects IMF nod for $2.9bn package after China’s help | International Monetary Fund News
Sri Lanka expects final approval from the International Monetary Fund (IMF) for a $2.9bn loan in the third or fourth
Read more
International Monetary Fund
Sri Lanka raises rates, relaxes currency band to secure IMF funds | Business and Economy News
The country is awaiting approval of a $2.9bn IMF bailout package as it endures its worst financial crisis since 1948.
Read more
Pakistan’s CPI soars to highest rate in nearly 50 years | Business and Economy News
Soaring food, beverage and transport costs push consumer price index to 31.5 percent in February, highest rate since 1974. Pakistan’s
Read more
Sri Lanka workers defy strike ban to protest IMF bailout plan | International Monetary Fund News
President Ranil Wickremesinghe is facing a public backlash over steep tax increases and spending cuts imposed to secure the IMF
Read more
Severe dollar crisis hobbles Bangladesh businesses | Business and Economy News
Dhaka, Bangladesh – Spice trader Mohammed Enayet Ullah has made at least four attempts since November to open a letter
Read more
As cash runs out, Pakistan introduces bill to unlock IMF funds | Business and Economy News
Islamabad, Pakistan – The Pakistani government has tabled a 170 billion rupee ($643m) finance bill to help the cash-strapped country
Read more
Pakistan says it agrees to IMF terms on release of $1.1bn payout | International Monetary Fund News
As IMF team leaves after 10 days of talks, finance minister Ishaq Dar says the payment has been delayed due
Read more
‘Surprisingly resilient’: IMF lifts global growth forecasts | International Monetary Fund
The International Monetary Fund (IMF) has raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand in the
Read more
Bangladesh to get $4.7bn IMF package | Business and Economy News
The funding comes under a new programme which aims to help vulnerable middle-income countries and island states. The International Monetary
Read more
Is debt cancellation the way forward for Sri Lanka? | Business and Economy News
Colombo, Sri Lanka – More than 180 prominent economists and development experts from around the world have made a global
Read more