Egypt’s pound at record low after $3bn IMF deal announcement | International Monetary Fund News
Egypt’s pound slid about 14.5 percent to a record low against the United States dollar after authorities announced a $3bn
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International Monetary Fund
IMF to meet Sri Lanka president to finalise bailout package | Business and Economy News
The second such IMF visit is on Wednesday as Sri Lanka scrambles to lock in $3bn to pave its way
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IMF says it needs assurances from Sri Lanka’s creditors | Business and Economy News
The country’s debt burden is considered ‘unsustainable’ leading the lender to seek assurances from creditors The International Monetary Fund (IMF)
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Argentina’s new economic minister promises to stop printing money | Business and Economy News
Printing money fuels inflation which is now over 60 percent in Argentina and expected to reach 90 percent by year
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Bangladesh turns to ADB, World Bank for funds: Report | Business and Economy News
It is seeking $1bn from each lender as the economy is buffeted by energy price shocks from the Ukraine war.
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Bangladesh’s garment sector faces energy, demand crises | Business and Economy News
The world’s second-largest garment exporter is experiencing a slowdown that will threaten the nation’s economic recovery. Bangladesh’s garment industry, the
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Some Asia economies need rapid rate hikes to cool inflation: IMF | International Monetary Fund
IMF director for Asia and Pacific says rapid increases needed to prevent “upward spiral” in inflation. Some Asian central banks
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Bangladesh seeks $4.5bn IMF loan as forex reserves shrink: Report | International Monetary Fund News
Bangladesh has sought a $4.5bn loan from the International Monetary Fund, the country’s leading newspaper reports, joining South Asian neighbours
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As Pakistani rupee drops to record low, FM blames politics | Business and Economy News
Finance Minister Miftah Ismail said the panic was due to political turmoil and not over economic fundamentals. Pakistan’s finance minister
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IMF says Russian gas embargo could heavily impact central Europe | Russia-Ukraine war News
A Russian gas embargo would cause deep recessions in Hungary, Slovakia, the Czech Republic and Italy, the IMF says. A
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