Articles for Support Imf

Should Pakistan Celebrate the New IMF Deal?
4 months 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
The Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan
1 year, 1 month ago

The Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan

Associated Press  

WASHINGTON — Economic crises are rippling through the countries bordering Israel, raising the possibility of a chain reaction from the war with Hamas that further worsens the financial health and political stability of Egypt, Jordan and Lebanon and creates problems well beyond. Each of the three countries is up against differing economic pressures that led the International Monetary Fund to …

War Economic Egypt Palestinian Gaza Israel Hamas
Sri Lankan Parliament votes to support IMF recovery program
1 year, 7 months ago

Sri Lankan Parliament votes to support IMF recovery program

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka’s Parliament voted Friday to support the implementation of a four-year International Monetary Fund program aimed at solving the country’s economic crisis and reducing its debt burden. The approval strengthens Wickremesinghe’s hands as he holds tough debt restructuring negotiations with Sri Lanka’s external creditors and privatizes state-run enterprises under the program, approved by the IMF …

Parliament Wickremesinghe Sri Lankan Support Imf
IMF approves $3bn support package for Egypt
2 years ago

IMF approves $3bn support package for Egypt

Al Jazeera  

The deal aims to reduce government debt and strengthen the social protection network for citizens. The support package announced late on Friday – known as an Extended Fund Facility Arrangement – will not require the Egyptian government to cut spending on subsidies but will strengthen the social protection network for citizens, an Egyptian cabinet report released on Saturday said. About …

Egypt Egyptian Imf
IMF warns UK its budget cuts will ‘likely increase inequality’
2 years, 2 months ago

IMF warns UK its budget cuts will ‘likely increase inequality’

Al Jazeera  

The IMF urged UK to consider providing more targeted support to families and businesses instead of sizable tax cuts. The International Monetary Fund has taken aim at new British financial plans that have roiled markets, warning that “large and untargeted fiscal packages” would likely increase inequality in the United Kingdom and could undermine monetary policy. In its first comments on …

Monetary Policy Kwarteng Imf Spokesperson
Sri Lanka asks IMF for urgent financial assistance
2 years, 8 months ago

Sri Lanka asks IMF for urgent financial assistance

Al Jazeera  

The IMF may consider this request due to the unique circumstances, an aide to the nation’s finance minister said. Sri Lanka has requested the International Monetary Fund for urgent financial assistance and the global lender could consider it after initial reluctance, an aide to the country’s finance minister said. “The made a request for a Rapid Financing Instrument to mitigate …

India Sri Lanka Lanka Sri Imf Request Rfi