International Monetary Fund

‘Access to about $1.0bn’: IMF, Pakistan agree on new deal; $200m tranche cleared under RSF

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 […]

Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’

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 […]

The International Monetary Fund reaches a deal with Argentina on a $20 billion bailout

The International Monetary Fund on Tuesday said it has reached a preliminary agreement with Argentina on a $20 billion bailout, providing a welcome reprieve to President Javier Milei as he seeks to overturn the country’s old economic order. As a staff-level agreement, the rescue package still requires final approval from the IMF’s executive board, which […]