Saturday, 22 February 2020

Tag Archives: IMF

Egypt’s inflation lowest in nearly a decade

CAIRO: Egypt’s inflation rate dropped to the lowest level in nearly a decade last month, official figures showed Saturday, as cheaper food offered respite to consumers squeezed by IMF-backed reforms. The annual inflation rate was 2.4 percent in October, compared with 17.5 percent a year earlier, the Central Agency for ...

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IMF urges reforms of global trade system

WASHINGTON: The International Monetary Fund welcomed signs of a de-escalation in US-China trade tensions but said an urgent updating of trade rules was needed to restore strong growth to the global economy. Managing Director Kristalina Georgieva said she was encouraged by news of a tentative trade deal reached by Washington ...

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IMF approves $6b loan package for Pakistan

NEW YORK: The International Monetary Fund Executive board approved a three-year, $6 billion loan package for Pakistan to rein in mounting debts and stave off a looming balance of payments crisis, in exchange for tough austerity measures. Board approval will allow immediate disbursement of around $1 billion, with the remainder ...

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Pakistan hopes IMF will approve $6b bailout package

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

ISLAMABAD: Pakistan believes that International Monetary Fund (IMF) would approve bailout package worth of $6 billion in its executive board meeting on July 3, 2019 as Islamabad has taken all advance actions agreed with the Fund. Pakistan had agreed with the IMF for taking tough economic decisions before the Fund ...

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Pakistan bracing for austere budget under IMF, finance chief says

ISLAMABAD: Pakistan is preparing a belt-tightening budget to tame its fiscal deficit, the de facto finance minister said on Saturday, adding that both civilian and military rulers agreed austerity measures were needed to stabilize the economy. But Hafeez Shaikh, Prime Minister Imran Khan’s top finance adviser, declined to say whether ...

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Pakistan growth to hit eight-year low as IMF bailout looms

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

KARACHI: Pakistan’s growth rate is set to hit an eight-year low, a government report predicted Friday, with all major indicators down as the country continues negotiating its 22nd bailout from the International Monetary Fund. A report by the National Accounts Committee, released late Thursday, forecast growth of a mere 3.3 ...

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US-China tensions are ‘threat’ to world economy: IMF chief

LONDON: The world’s two biggest economies, the US and China, have been at odds with each other since US President Donald Trump imposed tariffs on $250 billion worth of Chinese goods, citing concerns that Chinese trade practices were hurting American companies while demanding an adjustment to the terms of trade ...

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IMF to block $400 Mn worth of Venezuelan funds until ‘govt recognition’

CARACAS: The international financial body froze Venezuela’s access to its money earlier in January. The International Monetary Fund announced Wednesday it will continue to block Venezuela’s access to approximately $400 million of special drawing rights until the “issue of government recognition” is clarified. The IMF and the World Bank have stated they are ready to move ...

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Christine Lagarde: IMF ready to support Pakistan

NEW YORK: Prime Minister of Pakistan Imran Khan on Sunday met International Monetary Fund (IMF) chief Christine Lagarde in Dubai on the sidelines of the World Government Summit. During the meeting, matters pertaining to bilateral interests came under discussion. The meeting comes at a time when Pakistan is seeking its ...

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Egypt receives $2bn tranche of IMF loan

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

CAIRO: Egypt has received the fifth installment of the International Monetary Fund (IMF) loan, worth $2 billion, an official source at the Central Bank of Egypt (CBE) said, adding that the new batch of the IMF loan will be used to support the state budget and will have positive repercussions ...

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