Pakistan is relying on donkeys and asking people to drink less tea to sail through the crisis
The steep rise in the price of petroleum in Pakistan is part of the structural adjustment conditions set by the IMF.
Prices of all petroleum products went up by about Rs14-19 per litre after the decision came into effect from midnight on Thursday
In the reporting week, the forex reserves fell due to a dip in foreign current assets (FCAs), a major component of the overall reserves, and also in gold...
Prime Minister Ranil Wickremesinghe, who took office in May, was emphasising the monumental task he faces in turning around an economy he said is heading for...
Sri Lanka is facing the worst economic crisis since independence in 1948 which has led to an acute shortage of essential items like food, medicine, cooking gas...
The IMF mission will finalise monetary targets with the State Bank over the next couple of days and, in the meantime, share the draft of a Memorandum of...
The deal is a signal of hope for a financially fragile Pakistan.
Given the implications of larger global and domestic issues on India’s GDP, several ratings agencies have revised India’s growth outlook
International Monetary Fund Spokesperson Gerry Rice said the global financial body was committed to support Sri Lanka at this difficult time, in line with the...
Last month, India announced that it was banning wheat exports in a bid to check high prices amid concerns of wheat output being hit by the scorching heat...
As countries around the world curtail exports of commodity goods with the initiation of the Russia-Ukraine war, the International Monetary Fund, has expressed...
Oxfam Group's new report released in Davos that with the cost of essential goods rising, billionaires in the food and energy sectors are increasing their...
According to an article 'State of the Economy', published in the RBI's Bulletin for May, foreign exchange reserves at $596 billion as on May 6 were equivalent...
The International Monetary Fund recently lowered its growth forecast to 8.2 per cent which is higher than 7.2 per cent by the Reserve Bank of India.
The crisis is caused in part by a lack of foreign currency, which has meant that the country cannot afford to pay for imports of staple foods and fuel, leading...
This was the first extension of an international debt instrument to Sri Lanka after the government led by President Gotabaya Rajapaksa on April 12 temporarily...
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related...
The IMF, early this week, projected a “fairly robust” growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world,...
It has projected India’s growth to slow to 6.9% in 2023-24 from 7.2% estimated earlier.
The Finance Minister said that as long as the non-governmental activity of the crypto assets was through unhosted wallets, the regulation was going to be very...
The delegation led by newly-appointed finance minister Ali Sabry will hold talks with the International Monetary Fund (IMF) between April 19 and April 24.
IMF Managing Director Kristalina Georgieva said the consequences of Russia's invasion was contributing to economic downgrades for 186 countries, although most...
The debt servicing suspension will be in force for an interim period pending an orderly and consensual restructuring consistent with the proposed arrangement...
India, which has received a record number of foreign direct investment during the last few years despite COVID-19 crisis, has quite a few safeguards in place...
