Debt forgiveness by late 2023, IMF staff agreement with Somalia
A team from the International Monetary Fund (IMF) reached an agreement with Somalia that will allow the release of about $10 million to that country once it has…
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IMF
Asian central banks have been urged by the IMF to tighten policy further
The International Monetary Fund has stated that most Asian central banks must tighten monetary policy further. This is because rising commodity prices and their…
Emergency aid of $160 million to be sought by the UN for Pakistan floods
It is anticipated that the United Nations (UN) and Pakistan will appeal on behalf of the nearly half a million displaced persons as a result of the…
Indian economic growth is expected to be 7.4 percent this year and next
Indian Finance Minister Nirmala Sitharaman said the Indian economy will grow at 7.4 percent this fiscal year and next. International Monetary Fund (IMF) and…
Preliminary agreement between Sri Lanka and the IMF is expected
In a statement, the head of Sri Lanka's central bank said that he hopes that the government can reach a preliminary agreement with the International Monetary…
Pakistani rupee hits historic all time low of 200 against the US dollar
Pakistan's rupee (PKR) has reached an all-time historic low against the US Dollar on the open market. Pakistani media reported that PKR traded at 197.61 on…