Trump declared a national economic emergency and announced tariffs of at least 10% across all countries. Washington: IMF chief Kristalina Georgieva on Thursday said new US tariffs “clearly represent a significant risk to the global outlook” and urged Washington to work with its trade partners. The statement was the first from the IMF chief after … Read more
Washington: The IMF said Tuesday it has reached agreement with Pakistan on a new $1.3 billion loan program and reviewed an existing bailout that would, if approved, unlock an additional $1 billion. The new 28-month deal would support Pakistan’s efforts to mitigate and adapt to climate change, the International Monetary Fund said in a statement … Read more
An alarm is rising over Washington’s potential withdrawal from global institutions, including the International Monetary Fund and the World Bank, with the no-show of US Treasury Secretary Scott Bessent at G20 meetings adding to the anxiety. So what are the IMF and World Bank and what happens if the United States pulls back from them? … Read more
ISLAMABAD — Pakistan’s economy is on a path to long-term recovery, thanks to a stabilization program backed by the International Monetary Fund, Prime Minister Shehbaz Sharif said ahead of a first review of a $7-billion IMF bailout set for early in March. The comments came in Sharif’s meeting on Tuesday with Kristalina Georgieva on the … Read more
El Salvador is introducing reforms to the use of Bitcoin in its financial and industrial sectors. The Central American country has agreed on a deal with the International Monetary Fund (IMF) to receive a loan of $1.4 billion (roughly Rs. 12,130 crore). As part of the agreement between the IMF and El Salvador, the government … Read more