The International Monetary Fund (IMF) has approved the disbursement of $7.5 billion for Argentina after completing the fifth and sixth reviews of their $44 billion program, bringing the total disbursements to $36 billion, with most of the cash being used to pay back the fund for another program.
The International Monetary Fund (IMF) has not granted assent to Pakistan's request for deferment of electricity bills, leading to a failure to provide relief to power consumers within the stipulated 48-hour deadline given by the caretaker Prime Minister.
The International Monetary Fund (IMF) has rejected Pakistan's proposal for tariff adjustment or additional subsidy to provide relief in electricity bills, despite the government's claim of improved bill collection; Pakistan has requested the IMF to allow the staggering of upcoming quarterly tariff adjustments and Fuel Price Adjustments over the next four to six months.
The International Monetary Fund (IMF) plans to advise China to boost domestic consumption, address its troubled real estate sector, and rein in local government debt, in order to combat the declining growth in China and the global economy, according to IMF Managing Director Kristalina Georgieva.
Sri Lanka suffered a setback after failing to reach an agreement with the International Monetary Fund (IMF) on its next bailout tranche, as the IMF stated that a full economic recovery is not yet in sight and urged the government to boost revenues through tax reforms and improved governance.
The caretaker government of Pakistan is set to begin talks with the International Monetary Fund (IMF) next month to review the $3 billion Standby Arrangement, with the second quarterly review due in October and a disbursement of $710 million expected in December. The IMF has emphasized the importance of full and timely implementation of the program for its success in light of the country's economic challenges. The finance minister has also highlighted the need for a consensus among politicians to address economic issues.
The International Monetary Fund (IMF) predicts that fears of a global recession caused by the Ukraine war and a cost of living crisis are unfounded, as global growth has shown resilience, although it warns against central banks cutting interest rates too quickly.
Property and lending crises in China, including developer debt and the failure of local government financing vehicles to repay loans, could have far-reaching impacts on the domestic economy and global stability, warned the International Monetary Fund (IMF). Without action, these issues could disrupt the soft landing of the global economy and exacerbate the property sector downturn, leading to financial and economic strain. The IMF called for a comprehensive strategy to address China's local government debt problem, as well as measures to restore confidence in the property market.
Sri Lanka has reached an agreement with the Export-Import Bank of China to cover a substantial amount of its outstanding debt, providing the necessary fiscal space for the country to implement its reform agenda and secure the release of the second tranche of an IMF loan.
Sri Lanka has reached an agreement with the Export-Import Bank of China to cover $4.2 billion of outstanding debt, which will help the country secure a second tranche from the International Monetary Fund (IMF) and move towards economic recovery.
The International Monetary Fund (IMF) has advised Nigeria to collect more taxes in order to fund the national budget and pay public debts, as the removal of fuel subsidies and foreign exchange unification alone will not lead to economic growth and stability; the IMF also recommended that Nigeria and other sub-Saharan African countries should look for funding domestically as foreign loans are becoming scarce and costly.
The IMF has acknowledged the pressure on Nigeria's currency and stated that Nigeria is eligible to request a loan from the Fund to stabilize the currency if it deems it necessary, while also endorsing recent currency changes made by the Nigerian government.
