International Monetary Fund

New IMF funds for Sri Lanka may be delayed as review sees revenue shortfall
Global lender says it did not reach staff-level agreement with Sri Lanka in first review under a $2.9bn bailout package.
Published On 27 Sep 2023
Will Egypt’s asset sale get it out of its economic hole?
Egypt is privatising – but is it enough to please the IMF and get more funding from the international financial body?
Published On 25 Jul 2023
‘Exceptionally high’ economic risks in Pakistan, IMF report says
Lender says a week after approving $3bn bailout package for Pakistan that ‘significant shocks’ have rocked its economy.
Published On 19 Jul 2023
Pakistan gets $2bn from Saudi Arabia day before key IMF meeting
Kingdom deposits money into Pakistan’s central bank before critical meeting of global lender on $3bn bailout package.
Published On 11 Jul 2023

As Pakistan clinches a crucial $3bn bailout hours before deadline, a look at what it means for the cash-strapped nation.

Pakistan could get temporary relief from its economic crisis with a new standby arrangement announced by the lender.

Global lender expresses dissatisfaction with recently presented budget only two weeks before bailout programme expires.

The ‘plain-vanilla’ budget is unlikely to satisfy IMF, which could lead to the South Asian nation defaulting on debt.

Shehbaz Sharif’s statement comes as Pakistan seeks immediate release of $1.1bn from IMF, part of $6.5bn bailout package.

‘This … system, goes back to the beys who needed to keep their courtiers happy to maintain their rule’, analyst says.

IMF Managing Director Kristalina Georgieva on how the African Continental Free Trade Area could reduce extreme poverty.

IMF wants Cairo to privatise state assets and allow flexibility in its currency, Bloomberg report says.

Ishaq Dar says the UAE has informed the IMF that it will provide $1bn to the crisis-hit South Asian nation.

IMF’s 2023 global growth estimate of 2.8% is ‘most worrisome’ as it projects weak growth over a longer period, she said.

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