Sunday, 25 August 2019

Tag Archives: International Monetary Fund

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 ...

Read More »

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 ...

Read More »

Mike Pompeo warns against IMF bailout for Pakistan

NEW YORK: US Secretary of State Mike Pompeo warned that any potential International Monetary Fund bailout for Pakistan’s new government should not provide funds to pay off Chinese lenders. In an interview with CNBC television, Pompeo said the United Statekhs looked forward to engagement with the government of Pakistan’s expected ...

Read More »

IMF warns US fiscal, trade policies create risks to global economy

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.

WASHINGTON: President Donald Trump’s aggressive trade policies, and expansive tax cut at a time when the US economy is growing, are creating risks that could damage the domestic and global economies, the International Monetary Fund has warned. The tax cuts will generate a near-term boost to growth but also “will ...

Read More »