IMF says its funds for Afghanistan is 'on hold'
Sep 22, 2021, at 06:12 am
The International Monetary Fund (IMF) recently announced a $650 billion Special Drawing Rights (SDR) allocation for member countries but Afghanistan, a nation now controlled by Taliban, will not be allowed to access the fund, media reports said.
IMF blocks Afghanistan's access to funds
Aug 20, 2021, at 05:25 am
Washington: The International Monetary Fund has stopped funds to Afghanistan after the insurgent group Taliban took over the country following large scale violence and killings.
UN chief welcomes 'historic' IMF liquidity boost for governments in need
Aug 04, 2021, at 05:14 pm
New York: As the COVID-19 crisis continues to exacerbate restrictions on government spending throughout the world, the UN chief on Tuesday welcomed the decision by the International Monetary Fund (IMF) to approve a $650 billion allocation of Special Drawing Rights to “boost liquidity”.
Imran Khan govt may not be able to implement major conditions of IMF in budget: Aisha Ghous Pasha
Jun 11, 2021, at 11:23 pm
Islamabad: Punjab’s former finance minister and PMLN MNA Aisha Ghous Pasha has said Pakistan PM Imran Khan-led government might not be able to implement major conditions of the International Monetary Fund (IMF) in their budget.
Bilawal Bhutto Zardari says Imran Khan should apologies, step down over IMF deal
May 09, 2021, at 09:35 pm
Chairman of Pakistan People’s Party (PPP) Bilawal Bhutto Zardari has said Prime Minister Imran Khan should apologise for the IMF deal which is believed to have ruined the economy.
IMF board approves plan to release $500 million to Pakistan
Mar 25, 2021, at 11:32 pm
Islamabad: Pakistan is all set to get $500 million from the International Monetary Fund (IMF) as part of the $6 billion bailout package agreed in 2019. The IMF board approved an agreement earlier reached at the staff level.
IMF chief backs $650Bln allocation for global recovery: Statement
Mar 24, 2021, at 03:36 pm
Washington/Sputnik: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said in a statement that she supports discussions about a possible new Special Drawing Rights allocation of $650 billion to support the global recovery from the novel coronavirus pandemic.
International Monetary Fund report validates Canada's economic response to COVID-19
Mar 22, 2021, at 09:55 pm
Ottawa: The Department of Finance Canada welcomed the International Monetary Fund (IMF)'s Staff Report for the 2021 Article IV Consultation to conclude its annual Article IV mission to Canada.
IMF: ‘Less severe’ but ‘still deep’ recession predicted
Oct 14, 2020, at 09:41 pm
New York: In the shadow of the COVID-19 pandemic and its continuing impact, the global economy could see a “somewhat less severe, though still deep” recession through 2020, the International Monetary Fund (IMF) has projected in its latest global economic outlook.
IMF asks Pakistan to freeze salaries of govt employees
Jun 06, 2020, at 01:43 pm
Islamabad: The International Monetary Fund has asked cash-strapped Pakistan to freeze salaries of government employees and adhere to the fiscal consolidation path by showing a nominal primary deficit in the new budget, reported The Express Tribune.
Pakistan not in IMF Covid-19 relief list, Afghanistan among recipients
Apr 15, 2020, at 04:25 pm
Islamabad/IBNS: Pakistan PM Imran Khan received a jolt recently when despite demanding for a COVID-19 relief, he was denied so by the International Monetary Fund (IMF). The South Asian country it seems is not among the nations where the international body extended its help.
IMF approves first emergency COVID-19 aid for Kyrgyzstan
Mar 27, 2020, at 06:29 pm
Bishkek/Xinhua/UNI: The International Monetary Fund (IMF) on Thursday approved a disbursement of 120.9 million U.S. dollars to address Kyrgyzstan's COVID-19 outbreak, its first offer of emergency financial assistance since the pandemic started.
Mar 26, 2020, at 01:39 pm
New York/IBNS: The top United Nations official in Somalia congratulated the Horn of Africa nation on Wednesday for achieving the benchmark set by the World Bank and the International Monetary Fund (IMF), confirming its eligibility for debt relief.
Ukraine hopes to secure 2nd IMF loan payout before year's end: Finance Minister
Oct 19, 2019, at 05:59 pm
Kiev, Oct 19 (Sputnik/UNI) Ukraine still has the chance to secure the second loan tranche from the International Monetary Fund (IMF) before the end of the year, Finance Minister Oksana Markarova said Saturday.
Pakistan awaits IMF team to fix collapsing economy amid sparring over Kashmir
Sep 09, 2019, at 01:33 am
Islamabad, Sept 8 (IBNS): Even as Pakistan Prime Minister Imran Khan keeps their anti-India rant over Kashmir situation raging, experts say he is facing a tough challenge from the crippling economy of the Islamic nation and perhaps the brouhaha over J&K gives him a temporary tool to divert attention of his people.
Pakistan currency touches record low against USD days after IMF bailout deal
May 16, 2019, at 02:08 pm
Karachi, May 16 (IBNS): The Pakistani currency on Wednesday hit an all-time low of 146.25 rupees against the US dollar amid looming fears of further devaluation, Arab News reported.
Pakistan reaches agreement with IMF for 6 bln USD package over 3 years
May 13, 2019, at 09:34 am
Islamabad, May 13 (Xinhua/UNI) The Pakistani government and the International Monetary Fund (IMF) have reached an agreement on a bailout package for Pakistan, Adviser to the Pakistani prime minister on Finance, Revenue and Economic Affairs Abdul Hafeez Shaikh announced on Sunday.
IMF committed to support Uzbekistan, Christine Lagarde informs Prez Shavkat Mirziyoyev
Apr 29, 2019, at 10:38 pm
Beijing, Apr 29 (IBNS): President of the Republic of Uzbekistan Shavkat Mirziyoyev received Christine Lagarde, Managing Director and Chairwoman of the International Monetary Fund at the Diaoyutai State Guesthouse in Beijing on April 25.
Donald Trump's tariff will hurt US, wars IMF
Mar 03, 2018, at 03:22 pm
New York, Mar 3 (IBNS): Criticising US President Donald Trump's plan of imposing a 25 per cent tariff on steel imports and 10 per cent on aluminium, the International Monetary Fund (IMF) on Friday said the move might hurt both the US and other nations.
IMF head praises Canada-EU trade deal
Sep 15, 2016, at 07:23 am
Ottawa, Sept 14 (IBNS): Christine Lagarde, head of the International Monetary Fund (IMF), in her recent visit to Ottawa has said she hopes Canada and the European Union (EU) settle down their still-unsigned free trade agreement.