- December 22nd, 2024
Sri Lanka’s newly elected President Anura Kumara Dissanayake has announced his support for the International Monetary Fund (IMF) bailout programme, reversing his earlier campaign pledge to renegotiate the deal. This shift reflects the dire state of the country's economy and...
The International Monetary Fund (IMF) has sounded a cautionary note about the growing risk of escalating tariffs in undermining Asia’s economic prospects. Speaking at a forum on systemic risk in Cebu, IMF Asia-Pacific Director Krishna Srinivasan highlighted the potential impact...
The International Monetary Fund (IMF) has raised concerns about heightened risks to Asia's economy due to intensifying trade tensions, a prolonged downturn in China's property sector, and potential market turbulence. These factors threaten to disrupt regional growth, with implications for...
The Philippine peso could be on course to retest its record low of 59 against the U.S. dollar, driven by escalating geopolitical concerns and uncertainties surrounding the upcoming U.S. election, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. warned...
In a landmark report released on Tuesday, the International Monetary Fund (IMF) warned that the world’s total public debt is set to exceed $100 trillion for the first time in history this year, marking a significant shift in global financial...
The International Monetary Fund (IMF), Russia has reversed its stance by re-engaging with the organization and seeking to strengthen its role within the global financial system. This strategic shift reflects the evolving geopolitical landscape and underscores Russia's desire to remain...
The International Monetary Fund (IMF) is seeking a strong budget and a narrower deficit from Sri Lanka to bridge the gap between government revenue and expenditure. Sri Lanka experienced its worst financial crisis in seven decades last year due to...
The International Monetary Fund (IMF) is a crucial player in the international monetary system, providing financial support to countries in crisis. However, several emerging market economies, such as Sri Lanka and Pakistan, have experienced balance of payment difficulties. To maintain...
The International Monetary Fund (IMF), established in 1944, has been instrumental in maintaining global economic stability for nearly eight decades. Initially, the IMF provided financial assistance to member countries facing balance of payments issues, but as the global economic landscape...
Islamabad The International Monetary Fund (IMF) has announced that its executive board has approved a significant $3 billion bailout program for Pakistan, of which $1.2 billion will be disbursed immediately to help the cash-strapped country. The global lender's announcement on...
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