The International Monetary Fund hit Pakistan with 11 fresh conditions, linked to its $7-billion bailout programme. The latest directives, revealed in the Fund’s staff-level report for the second review released on Thursday, push the total number of conditions to 64 across the span of 18 months, according to the Express Tribune.The new measures target long-standing […]
Washington, November 26 (Udaipur Kiran): The International Monetary Fund (IMF) has projected a robust growth rate of 6.6 per cent for India in the financial year 2025–26 despite external challenges, including prolonged high US tariffs. The projection assumes a baseline scenario of continued 50 per cent US tariffs. According to the IMF report released on […]
Pakistan has secured a $1.2 billion loan from the International Monetary Fund. IMF on Tuesday said that it has reached a staff-level agreement with the South Asian country under its ongoing loan program, paving the way for Islamabad to access $1.2 billion pending approval from the Fund’s Executive Board.According to the official statement issued by […]
Georgieva commended India’s significant economic and structural reforms. (AI image) At a time when the global economy is looking at uncertainty due to Donald Trump’s tariffs, IMF Managing Director Kristalina Georgieva has said she is ‘very big’ on India. Praising India for its reforms, Georgieva said that the country has proved people wrong with its […]
US Secretary of Treasury Scott Bessent The US directly purchased Argentine pesos on Thursday and finalised a $20 billion currency swap framework with Argentina’s central bank, said treasury secretary Scott Bessent. The move is intended to provide assistance amid the Latin American country’s economic turmoil. In a social media post on X, Bessent wrote, “US […]
NEW DELHI: Pope Leo XIV blessed Prime Minister Narendra Modi on his 75th birthday during a Papal Audience at St Peter’s Square in Vatican City on Wednesday. The Pope prayed for Modi’s good health and long life as around 30,000 people gathered for the weekly event.The Papal Audience is a special gathering where the Pope […]
The International Monetary Fund (IMF) on Friday approved the immediate disbursement of $1 billion to Pakistan under the ongoing Extended Fund Facility (EFF), drawing sharp opposition from India, which warned the funds could be misused to support state-sponsored cross-border terrorism.The approval came during a board meeting in Washington, where the IMF also reviewed a proposed […]
Treasury Secretary Scott Bessent on Wednesday called for major overhauls to the missions of the International Monetary Fund and the World Bank but said that the United States remained committed to maintaining its leadership role at the global economic institutions. The comments, made at a speech on the sidelines of the spring meetings of the […]
