Argentina plans to use a $7.5 billion disbursement from the International Monetary Fund (IMF) to repay China part of the money it borrowed through a currency swap line, in order to avoid defaulting on its debt to the multilateral lender.
Caretaker Finance Minister Shamshad Akhtar has assured the International Monetary Fund (IMF) of steadfast implementation of policy actions committed under the $3bn Standby Arrangement in order to maintain economic stability during the tenure of the caretaker government.
Former finance minister Miftah Ismail reveals that the caretaker government in Pakistan must seek permission from the International Monetary Fund (IMF) before giving relief to consumers facing inflated electricity bills, and urges political leadership to come up with a strategy to collect taxes from the rich.
The Pakistani government is seeking approval from the International Monetary Fund (IMF) before announcing any immediate relief for consumers protesting against inflated electricity bills, with relief likely to be provided to those using up to 400 units per month for August and September.
The International Monetary Fund (IMF) has not granted its assent on Pakistan's request for deferment of electricity bills, causing a delay in providing relief to power consumers due to resistance from the IMF.
IMF Managing Director Kristalina Georgieva commends "productive and substantive" discussions with Chinese officials, including Premier Li Qiang, regarding the status of the world economy and measures taken by China to achieve its growth goals.
Malawi's finance minister is "very optimistic" that the country's $1.2 billion external debt will be restructured and a new IMF loan program will be secured by the end of the year, pending assurance letters from China and India.
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a joint policy paper with recommendations for regulating stablecoins and decentralized finance (DeFi) activities, in response to the risks associated with crypto assets.
The International Monetary Fund (IMF) and World Bank have pledged to increase their cooperation in addressing climate change, debt vulnerabilities, and digital transitions, stating that they are well-positioned to contribute to tackling these challenges.
Pakistan's interim government is prioritizing economic revival and fulfilling international obligations, including agreements with the International Monetary Fund (IMF), to address the stagnant economy and financial issues. They aim to improve the overall business and investment environment, increase inflow of dollars from multilateral institutions, and reduce expenditures while upholding international agreements.
The global debt-to-GDP ratio has decreased for the second consecutive year, but the decline may be coming to an end as the post-COVID growth surge fades, according to the International Monetary Fund (IMF). China and the United States both have high debt-to-GDP ratios, and the IMF has called for strategies to reduce debt vulnerabilities in various sectors.
Argentina and the International Monetary Fund (IMF) face challenges as the country enters a recession, misses economic targets, and struggles with inflation, prompting calls for stricter conditions and deeper structural reforms from the IMF.
The International Monetary Fund (IMF) has expressed concerns about the rampant smuggling of petroleum products in Pakistan, which costs the country Rs10 billion annually and is being used as a key source of financing for terrorists, calling for increased vigilance and security measures at the borders.
