International Monetary Fund: News
03 Mar 2023
Pakistan NewsPakistan: Inflation reaches 31.6%, breaks 58-year record
Pakistan's monthly inflation rose to a historic high of 31.6% in February, the Pakistan Bureau of Statistics (PBS) said.
26 Feb 2023
Pakistan NewsPakistan economic crisis: Life-saving surgeries halted amid drug, equipment shortage
Pakistan's economic crisis is having a severe impact on the most vulnerable, as doctors there have been forced not to perform surgeries due to a shortage of essential drugs and equipment, ANI reported.
24 Feb 2023
Pakistan NewsNo business class flights, five-star hotels for Pakistan ministers
In light of Pakistan's ongoing financial crisis, the government has prohibited ministers from staying in five-star hotels or traveling in business class abroad.
21 Feb 2023
Pakistan NewsFunction as country; tax rich, subsidize poor: IMF tells Pakistan
The International Monetary Fund (IMF) has advised Pakistan that if it wants to function as a country, it must tax the rich and the high earners while ensuring that only the poor receive subsidies.
19 Feb 2023
Pakistan NewsPakistan already bankrupt, IMF bailout won't help: Defence Minister Asif
Pakistan has already gone bankrupt, the country's Defence Minister Khawaja Asif said while addressing an event in Sialkot on Saturday amid a massive cash crunch and decades-high runaway inflation.
16 Feb 2023
Pakistan NewsPakistan fuel price hits record high; Petrol at Rs. 280/liter
Pakistan announced a record increase in fuel prices on Wednesday, triggering a shock for its already overburdened citizens.
14 Feb 2023
Pakistan NewsPakistan price shock: Milk crosses PKR 210/liter, chicken PKR 700/kg
Amid Pakistan's economic crisis, the steep increase in the prices of essential food items following an unchecked price hike for daily-use items, particularly milk and chicken, has shocked its citizens.
10 Feb 2023
Pakistan NewsCash-strapped Pakistan, IMF fail to reach deal on bailout package
Pakistan and the International Monetary Fund (IMF) reportedly failed to arrive at a clear agreement for the latest installment of the bailout package pending since November, amounting to $1.1 billion.
31 Jan 2023
Indian EconomyAmid global slowdown predictions, IMF calls India 'bright spot'
India is likely to see some economic slowdown in the fiscal year 2023, the International Monetary Fund (IMF) said in its January update of the World Economic Outlook released on Tuesday.
30 Jan 2023
Pakistan NewsPakistan hikes petrol, diesel prices by PKR 35/liter amid crisis
Pakistan announced a whopping PKR 35/liter price hike on petrol and diesel on Sunday, Reuters reported.
27 Jan 2023
Pakistan NewsPakistan seeks bailout amid crisis as currency hits all-time low
The removal of the unofficial price cap in Pakistan saw its currency's largest single-day decline as it plummeted 9.61% to Rs. 255.43 against the US dollar on Thursday.
17 Jan 2023
ChinaChina's economy grows 3% in 2022, second-lowest in nearly 50yrs
China's economy in 2022 grew at the second slowest rate in nearly 50 years, raising concerns about the impact of the downturn on the global market, AFP reported.
02 Jan 2023
Kristalina GeorgievaOne-third of global economy will be in recession: IMF chief
For those who were expecting a better 2023, the head of the International Monetary Fund (IMF) has a grim warning. The new year is going to be "tougher than the year we leave behind," said Kristalina Georgieva.
12 Oct 2022
Gross Domestic ProductAmid global economic slowdown, India is in bright spot: IMF
The International Monetary Fund (IMF) claimed on Tuesday that India's economic growth was improving despite the global economic slowdown.
11 Oct 2022
Russia-Ukraine crisis'2023 will feel like recession,' warns IMF amid economic downturn
The International Monetary Fund (IMF) warned on Tuesday that global growth may see a further drop in 2023 as economies worldwide struggle to deal with the Russia-Ukraine crisis fallout, AFP reported.
03 Sep 2022
IndiaIndia is world's fifth-largest economy, but has to outperform UK
In a significant achievement, India has surpassed the United Kingdom (UK) to claim the position of the 5th largest economy in the world, International Monetary Fund (IMF) said.
03 Sep 2022
Sri LankaSri Lanka crisis: Gotabaya Rajapaksa returns; apprehension of protest grows
Former Sri Lankan President Gotabaya Rajapaksa returned to the country on Friday nearly two months after fleeing the island country amid the worst-ever economic downturn, according to AFP.
21 Aug 2022
Sri LankaIMF to visit Sri Lanka on Wednesday to assess debt
A team of the International Monetary Fund (IMF) will be visiting Sri Lanka this week to assess the island nation's total external and internal debt.
08 Aug 2022
BangladeshBangladesh: Protests erupt after 52% fuel price hike amid slowdown
Protests erupted across Bangladesh following a sharp increase in fuel prices amid the country's economic slowdown.
01 Aug 2022
Sri LankaMore important to rebuild Lanka than my own house: Wickremesinghe
Sri lankan President Ranil Wickremesinghe, in reference to the protesters' threats, said that there was no point in asking that he "should go home" because he has nowhere to go.
16 Jul 2022
Egypt#NewsBytesExplainer: Like Sri Lanka, these countries too facing economic setback
An economic crisis is brewing in many nations, including the neighboring countries of India.
11 Jul 2022
Sri LankaAmid Sri Lanka crisis, IMF chief warns of global debt
With Sri Lanka reeling under its worst economic crisis in seven decades, International Monetary Fund chief Kristalina Georgieva warned G20 nations over global debt.
10 Jul 2022
Sri LankaLanka crisis: Gotabaya to resign, Wickremesinghe's house set on fire
Sri Lankan President Gotabaya Rajapaksa on Saturday agreed to step down from his post after violent protests in which demonstrators stormed his official residence in Colombo, forcing him to flee to an unknown location.
28 Jun 2022
IndiaSri Lanka under virtual lockdown over fuel scarcity amid crisis
Citizens of Sri Lanka have been placed under a virtual lockdown as the worsening sovereign debt crisis has deprived the South Asian country of fuel.
18 Jun 2022
IndiaSri Lanka fuel crisis: 2-week 'work from home' for employees
The Sri Lanka government on Friday declared work from home (WFH) for its government employees for the next two weeks as the island nation is grappling with an acute fuel shortage amid the worst financial crisis it has seen since its independence in 1948.
15 Jun 2022
Imran Khan (Pakistan PM)Debt-ridden Pakistan government asks its people to drink less tea
Pakistan has asked its citizens to drink less tea in order to keep the country's economy afloat.
10 May 2022
Sri LankaSri Lanka: Ex-PM Mahinda flees to naval base amid protests
Former Sri Lankan Prime Minister Mahinda Rajapaksa and his family have reportedly sought refuge at a naval base in Trincomalee, in the country's northeast region.
19 Apr 2022
Sri LankaSitharaman assures Sri Lanka of all possible assistance from India
Finance Minister Nirmala Sitharaman on Tuesday "assured all possible cooperation" to her Sri Lankan counterpart Ali Sabry on the sidelines of IMF-WB Spring Meetings in the US.
14 Apr 2022
IndiaSri Lanka crisis: India to provide additional $2 billion aid
India is considering enhancing its financial assistance to crisis-hit Sri Lanka in the form of credits for essential commodities and balance-of-payment support.
12 Apr 2022
IndiaAmid economic crisis, Sri Lanka defaults on $51 billion debt
Sri Lanka on Tuesday announced that it was defaulting on its $51 billion external debt in anticipation of a bailout from the International Monetary Fund.
01 Apr 2022
Sri LankaProtests near Sri Lankan President Gotabaya Rajapaksa's home; 45 arrested
Thousands of people descended on the streets of Sri Lankan capital Colombo near President Gotabaya Rajapaksa's house on Thursday night, demanding that he step down.
29 Mar 2022
IndiaExplainer: What's behind Sri Lanka's worst economic crisis in decades?
Sri Lanka is experiencing one of its most severe economic crises in decades, with rising inflation, weak government finances, and COVID-19 shattering the economy.
20 Mar 2022
Pakistan NewsHow would you fund $1.5B subsidy package? IMF asks Pakistan
The International Monetary Pay (IMF) has asked Pakistan to clarify how it plans to fund a $1.5 billion subsidy package promised by Prime Minister Imran Khan.
03 Nov 2021
AfghanistanHow Taliban's foreign currency ban affects Afghanistan
The Taliban has banned all foreign currency in Afghanistan and ordered its citizens to only use Afghan currency for trade.
28 Jan 2021
United States of AmericaImprove health system to tackle COVID-19 crisis in future: Gopinath
As the world gradually makes its way out of the coronavirus crisis, International Monetary Fund (IMF) Chief Economist Gita Gopinath has said that countries should work on their health system and be ready to provide timely assistance to impacted segments of the society.
15 Jan 2021
Indian GovernmentIndia's new farm-laws potential 'step forward' for agricultural reforms: IMF
Backing the new farm laws introduced by the Indian Government, the International Monetary Fund (IMF) said that these laws have the potential to "represent a significant step forward" for agricultural reforms.
17 Apr 2020
Reserve Bank Of India (RBI)Struggling economy gets RBI's boost, big announcement for banks
With the economy stung drastically by the coronavirus pandemic, RBI Governor Shaktikanta Das addressed media for the second time in a month to announce key measures.
11 Apr 2020
ItalyCoronavirus kills over 100,000 globally; 50% died in a week
The novel coronavirus is highly contagious and is capable of wiping off cities, the new data about the death toll confirms, yet again.
03 Apr 2020
IndiaCoronavirus: World Bank approves $1bn emergency fund for India
The World Bank on Thursday approved a $1 billion emergency fund for India to deal with the coronavirus pandemic, which has killed over 70 in the country and infected 2,543.
31 Mar 2020
H-1B VisaCoronavirus: Anticipating job loss, H-1B workers seek extension in US
With the global economy dwindling in the wake of coronavirus pandemic, professionals working on H-1B visas in the United States fear massive job cuts, hence, they have asked the administration to allow them to stay there for longer.
