Economy
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Colombo: After a protracted battle by India, the United States and Japan to get China to agree to restructure its massive loan of USD 7 bn to Sri Lanka,  the International Monetary Fund (IMF) has finally approved  a USD 2.286 billion bailout for financially-hit Sri Lanka. more
IMF approves 4.7 bln USD loans for Bangladesh

Dhaka: The Executive Board of the International Monetary Fund (IMF) has approved 3.3 billion U.S. dollars under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) agr ...

China’s stand may deprive Sri Lanka of USD 2.9 bn from IMF in early 2023: CPA chief

Colombo: Executive Director of the Centre of Policy Alternatives (CPA) Dr. Paikiasothy Saravanamuttu has said  China’s unwillingness to accept the proposed debt restructuring m ...

Global economy: Outlook worsens as global recession looms – IMF

New York: Still reeling from the COVID pandemic and Russia’s invasion of Ukraine, the global economy is facing an increasingly murky and uncertain outlook, according to the latest r ...

IMF says its funds for Afghanistan is 'on hold'

The International Monetary Fund (IMF) recently announced a $650 billion Special Drawing Rights (SDR) allocation for member countries but Afghanistan, a nation now controlled by Taliban, w ...

IMF board approves plan to release $500 million to Pakistan

Islamabad: Pakistan is all set to get $500 million from the International Monetary Fund (IMF) as part of the $6 billion bailout package agreed in 2019. The IMF board approved an agreement ...

IMF chief backs $650Bln allocation for global recovery: Statement

Washington/Sputnik: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said in a statement that she supports discussions about a possible new Special Drawing Rights ...

COVID-19: Recovery will be slower following ‘crisis like no other’, IMF predicts

New York : Economic recovery from the COVID-19 pandemic is projected to be more gradual than previously forecast, according to a report published on Wednesday by the International Monetar ...

IMF asks Pakistan to freeze salaries of govt employees

Islamabad: The International Monetary Fund has asked cash-strapped Pakistan to freeze salaries of government employees and adhere to the fiscal consolidation path by showing a nominal pri ...

IMF approves USD 411Mln in emergency COVID-19 funding for Ethiopia: Statement

Washington/Sputnik: The International Monetary Fund (IMF) said in a statement on Thursday that it has approved emergency funding of $411 million for Ethiopia to help the country address t ...