South Sudan has severely limited economic growth and development. The International Monetary Fund (IMF) has released a report highlighting the world’s poorest countries based on GDP per capita adjusted for purchasing power parity (PPP). While GDP is a measure of a country’s total economic output, PPP takes into account theRead More →
Maldives President thanked China last month for its “selfless assistance” The strategically-placed Indian Ocean nation of the Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of “debt distress,” the IMF warned Wednesday. Beijing has pledged more funding for the Maldives since pro-ChinaRead More →
IMF’s overall inflation outlook remained unchanged at 5.8 per cent for 2024 Washington: The IMF announced Tuesday it has raised its 2024 global growth forecast to 3.1 per cent, citing unexpected “resilience” in major advanced and emerging market economies around the world. The updated figure, released in the latest WorldRead More →
The IMF said the deal had been instrumental in facilitating food, grain, and fertilizer exports. Washington: The International Monetary Fund on Wednesday said Russia’s exit from a deal allowing Ukrainian exports via the Black Sea threatens to increase global food insecurity and could drive food prices higher, especially in low-incomeRead More →
A delegation of the global lender met Imran Khan on Friday in Lahore. (FILE) Islamabad: Pakistan’s former prime minister Imran Khan has sought a “guarantee” from the International Monetary Fund that the general elections in the country will be held on its scheduled time. Days before the IMF executive boardRead More →
Recent data paints a soft picture of India’s exports dynamics. Merchandise exports have contracted in the last three out of four months. The contraction in March came in at a steep 13.9% year-on-year (y-o-y). The decline can be partly attributed to a high base. Then the price effect was atRead More →
“Tough conditions were set which weren’t easy for Pakistan to fulfil,” Shahbaz Sharif. (File) Lahore/ Islamabad: Pakistan’s Prime Minister Shehbaz Sharif on Saturday disclosed that Army Chief General Asim Munir played a role in securing funds from Saudi Arabia and the UAE — a pre-condition by the IMF to sealRead More →
Ukraine President Zelensky was addressing the heads of the IMF and World Bank on Wednesday. (File) Kyiv: Ukrainian President Volodymyr Zelensky made an appeal to the heads of the IMF and World Bank on Wednesday and renewed his call to confiscate Russian Central Bank assets held around the world andRead More →
India’s economy is predicted to grow by 5.9 % this year and 6.3 % in 2024 Washington: The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic and geopolitical concerns. The IMF predictedRead More →
Average inflation rate In Pakistan for past year was 27.26 percent, says government data Islamabad: Pakistan’s year-on-year inflation hit 35.37 percent in March — the highest in nearly five decades — as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout. Month-on-month inflationRead More →
