Tag Archives: IMF

An International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility (EFF), the global lender said on Friday. The IMF’s comments helped the benchmark share index scale a record high and breach the key 76,000 level. The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month …

DUBAI: The IMF and World Bank warned on Monday that the Gaza conflict and the related attacks on shipping through the Red Sea pose threats to the global economy. The conflict in Gaza, raging since October, has already hit the Middle East and North Africa region’s economy, said the International Monetary Fund’s managing director Kristalina Georgieva. Its knock-on effects could …

MARRAKESH: The IMF and World Bank began talks on Monday in their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change. The International Monetary Fund and World Bank traditionally hold their annual gathering of finance ministers and central bank governors outside their Washington headquarters every …

WASHINGTON: The International Monetary Fund (IMF) and Pakistan resumed their talks on Monday, with Islamabad hoping that these virtual discussions lead to a deal that eases up ever-increasing pressure on the country’s ailing economy. In Islamabad, Finance Secretary Hamed Yaqoob Sheikh told Reuters the “duration (of the talks) cannot be confirmed but we intend to wrap these up at the …

WASHINGTON: Minister of State for Finance Aisha Ghaus Pasha said on Wednesday that Pakistan and the International Monetary Fund (IMF) have started their technical level talks for an enhanced financial package from the fund. In Dubai, a senior IMF officials told journalists that the fund has urged Pakistan to bring its current account deficit under control as the country’s new government seeks …

ISLAMABAD: The International Monetary Fund (IMF) on Thursday said it had reached a staff-level agreement with Pakistan authorities “on policies and reforms needed to complete the second review” of the $6bn Extended Fund Facility (EFF). The announcement was made by Ernesto Ramirez Rigo, Mission Chief for Pakistan, through a brief statement after a series of engagements with Adviser to the …