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Pakistan’s $7 billion IMF deal has run into trouble. Here’s what happens next
1 month, 4 weeks ago

Pakistan’s $7 billion IMF deal has run into trouble. Here’s what happens next

Firstpost  

The chief of the Pakistan mission of the International Monetary Fund, which had agreed to a $7 billion funding agreement for the Pakistan in September, on Tuesday opened unscheduled talks with the country’s top officials, including the finance minister and governor of the State Bank of Pakistan. The International Monetary Fund’s Pakistan mission chief Nathan Porter met Finance Minister Muhammad …

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HT This Day: September 17, 1992 — India seeks $5 billion loan from IMF
3 months, 3 weeks ago

HT This Day: September 17, 1992 — India seeks $5 billion loan from IMF

Hindustan Times  

New Delhi: India has finally approached the international Monetary Fund for a US $ 5 billion loan under a suitable mix of Extended Fund Facility and Enhanced Structural Adjustment Facility over a three-year period beginning April 1993. HT This Day: September 17, 1992 — India seeks $ 5 billion loan from IMF The Finance Minister, Dr Manmohan Singh, has cleared …

India Payments Billion Imf Eff Loan Period Esaf
Should Pakistan Celebrate the New IMF Deal?
4 months, 2 weeks ago

Should Pakistan Celebrate the New IMF Deal?

The Diplomat  

In July, the International Monetary Fund and Pakistan reached a staff-level agreement on a 37-month Extended Fund Facility Arrangement of about $7 billion. Following the confirmation of the new agreement with the IMF, Pakistan’s Prime Minister Shehbaz Sharif visited the Federal Bureau of Revenue headquarters and urged its officials to make utmost efforts to broaden the tax base. However, this …

China Pakistan Tax Power Agreement Chinese Cpec
Pakistan to receive yet another loan from the IMF, $7 billion this time
5 months, 4 weeks ago

Pakistan to receive yet another loan from the IMF, $7 billion this time

Hindustan Times  

Pakistan and the IMF have agreed on a USD 7 billion aid package spread over more than three years to help the cash-strapped country deal with its chronic economic issues. A participant stands near a logo of IMF at the International Monetary Fund - World Bank annual meeting in Bali, Indonesia “Building on the economic stability achieved under the 2023 …

Tax Billion Imf Usd Eff Deal Pakistan
Pakistan reaches new $7 bn loan deal with IMF
5 months, 4 weeks ago

Pakistan reaches new $7 bn loan deal with IMF

The Hindu  

Pakistan and the International Monetary Fund have agreed on a $7 billion aid package spread over more than three years to help the cash-strapped country deal with its chronic economic issues. “Building on the economic stability achieved under the 2023 Stand-by Arrangement, IMF staff and the Pakistani authorities have reached a staff-level agreement on a 37-month Extended Fund Facility Arrangement …

Tax Billion Deal Eff Imf Pakistan
Pakistan seeks 24th 'longer and larger' bailout programme from IMF
7 months, 3 weeks ago

Pakistan seeks 24th 'longer and larger' bailout programme from IMF

Hindustan Times  

The International Monetary Fund confirmed that the talks with Pakistan are underway on the 24th 'longer and larger' bailout programme under the Extended Fund Facility, reported ARY News. She noted that on April 29, the IMF Executive Board completed the second review of the stand-by arrangement for Pakistan, allowing a disbursement of about USD 1.1 billion, ARY News reported. Pakistan …

Pakistan Tax Imf Eff Kozack Ary
IMF approves disbursal of $1.1 billion loan tranche to cash-strapped Pakistan
8 months, 1 week ago

IMF approves disbursal of $1.1 billion loan tranche to cash-strapped Pakistan

India TV News  

Washington: The International Monetary Fund has finally approved the immediate disbursement of the $1.1 billion loan tranche to cash-strapped Pakistan, marking the conclusion of the second economic bailout package, Dawn reported. The IMF reached a staff-level agreement with cash-strapped Pakistan for the release of a $1.1 billion tranche last month, noting that Pakistan's inflation was above target and economic growth …

Pakistan Inflation Economic Debt Loan Structural Reforms Washington
IMF clears second tranche of $337 million for Sri Lanka
1 year ago

IMF clears second tranche of $337 million for Sri Lanka

The Hindu  

The International Monetary Fund has cleared the second tranche — of about $337 million — of the Extended Fund Facility to Sri Lanka, based on the debt treatment plan drawn up by the crisis-battered island nation and its bilateral creditors. They are an important milestone putting Sri Lanka’s debt on the path towards sustainability,” a senior official in Washington DC …

India China Sri Lanka Debt Fund Lanka Sri
China reiterates support for Sri Lanka’s debt relief ahead of crucial IMF review
1 year, 4 months ago

China reiterates support for Sri Lanka’s debt relief ahead of crucial IMF review

The Hindu  

China has pledged help for Sri Lanka’s debt challenge yet again,even as theRanil Wickremesinghe government tries to finalise the terms of restructuring its foreign loans with bilateral creditors. Chinese Foreign Minister Wang Yi on Wednesday “vowed that China will help Sri Lanka effectively address the challenges of financial debt”, according to a statement from the office of Prime Minister Dinesh …

Sri Lanka Debt Bilateral Lanka Sri Imf Eff
IMF Deadline Today: In Race for Survival, Will Pakistan Lock Lifeline Instalment or Face Economic Default?
1 year, 6 months ago

IMF Deadline Today: In Race for Survival, Will Pakistan Lock Lifeline Instalment or Face Economic Default?

News 18  

Pakistan is desperately looking for the International Monetary Fund to release the next instalment of its bailout loan worth US$1.1 billion, while the duration of the extended loan programme ends on Friday. An IMF bailout loan puts up specific conditions: strong structural reforms to address macroeconomic fundamentals like income, revenue, tax base and free market penetration are a must; policy …

Pakistan Economic Loan Review Covid Billion Instalment
Pakistan PM meets IMF director in a last-ditch effort to get bailout
1 year, 6 months ago

Pakistan PM meets IMF director in a last-ditch effort to get bailout

The Hindu  

Pakistan Prime Minister Shehbaz Sharif met IMF Managing Director Kristalina Georgieva on Thursday as the cash-strapped country made a last-ditch effort to get a much-needed loan from the global lender, a media report said. Recalling their recent telephone conversation on May 27, 2023, the prime minister apprised Ms. Georgieva of Pakistan's economic outlook and outlined the steps taken by the …

Pakistan Minister Eff Fund Imf
IMF board approves $15.6bn Ukraine loan package
1 year, 9 months ago

IMF board approves $15.6bn Ukraine loan package

Al Jazeera  

Loan is part of a broader $115bn international support package to help the country meet urgent funding needs. It forms the IMF’s portion of a $115bn overall support package comprised of debt relief, grants and loans by multilateral and bilateral institutions, the organisation confirmed in a press conference Friday. The new four-year programme aims to “anchor macroeconomic and financial stability …

Support Ukraine Loan Ukrainian Imf Programme Financing
The International Monetary Fund’s staff-level agreement with Sri Lanka
2 years, 4 months ago

The International Monetary Fund’s staff-level agreement with Sri Lanka

The Hindu  

The story so far: The International Monetary Fund on September 1 announced a staff-level agreement with Sri Lanka, months after the island nation’s economic crisis intensified this year, following a serious Balance of Payments problem. It is a formal arrangement by which IMF staff and Sri Lankan authorities agree on a $2.9-billion package that will support Sri Lanka’s economic policies …

India China Sri Lanka Agreement Crisis Fund Lanka
International Monetary Fund revives Pakistan's EFF programme; approves $1.17bn bailout fund
2 years, 4 months ago

International Monetary Fund revives Pakistan's EFF programme; approves $1.17bn bailout fund

The Hindu  

Pakistan has secured a much-needed bailout package from the International Monetary Fund, which will help the cash-starved country avert an imminent default, amidst the persisting political uncertainty and the devastating floods that has displaced more than 33 million people. Finance Minister Miftah Ismail said the International Monetary Fund's Board has approved the revival of Pakistan's Extended Fund Facility programme. It …

Pakistan Board Minister Billion Khan Sharif Imf
Pakistan says IMF approved revival of huge loan programme
2 years, 4 months ago

Pakistan says IMF approved revival of huge loan programme

Al Jazeera  

The move will release $1.17bn in funds to the cash-strapped country, Pakistan’s Finance Minister Miftah Ismail says. The International Monetary Fund board has approved the seventh and eighth reviews of Pakistan’s bailout programme, Finance Minister Miftah Ismail said, which will release $1.17bn in funds to the cash-strapped country. The aid comes as “Pakistan’s economy has been buffeted by adverse external …

Pakistan Imf Eff Ismail Miftah Ismail
IMF: Staff-level agreement reached with Pakistan for release of $1.17 billion loan tranche
2 years, 5 months ago

IMF: Staff-level agreement reached with Pakistan for release of $1.17 billion loan tranche

The Hindu  

Islamabad Pakistan is at a “challenging economic juncture”, the IMF has said as it reached a preliminary staff-level agreement on the combined seventh and eighth reviews for a $6 billion loan facility for the cash-strapped country. The agreement paves the way for the release of the much-awaited $1.17 billion loan tranche that had been on hold since earlier this year, …

Pakistan Agreement Minister Billion Imf Programme Eff
Significant progress in talks with Sri Lanka: IMF
2 years, 6 months ago

Significant progress in talks with Sri Lanka: IMF

The Hindu  

The International Monetary Fund on Thursday said it has made“significant progress” in talks with Sri Lanka, which has sought the global financial institution’s help to cope with its unprecedented economic crisis. Concluding a ten-day visit to the island nation, an IMF team said: “Significant progress was made, and discussions will continue virtually towards reaching a staff-level agreement on the EFF …

India Sri Lanka Lanka Bill Eff Significant Progress Fund Imf