An Imf News

24.05 / 06:25

Progressive economy Sustainability WhatsApp inclusion International IMF, Pakistan make significant progress on new loan, IMF mission says

International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility, the global lender said on Friday. The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month completed a short-term $3 billion programme, which helped stave off a sovereign debt default.

11.01 / 17:57

Platform track country social rights International IMF board approves $700 million loan as part of Pakistan bailout

By Ariba Shahid

08.12 / 17:51

Action economy country cover 2020 reports prevention New creditors, differing interests and coordination issues are hobbling sovereign debt restructuring

debt of developing countries surged to 29% of GDP in 2021 from 19% in 2010. As the debt level rose, the profile of external public debt also changed. Paris falling The share of multilateral institutions and the Paris Club, which was 83% of the total external debt of 73 countries — the debt servicing of which was suspended in 2020 under the G20 Debt Service Suspension Initiative (DSSI) in 2006 — fell precipitously to 58% in 2020. China rising The share of other official and private creditors — the non-Paris Club members, including China, India and Saudi Arabia — rose sharply to 42% in 2020 from 17% in 2006.

07.11 / 12:55

Reuters economy Remark Fitch President social IMF to increase Kenya programme by $650 million, presidential adviser says

By Duncan Miriri and George Obulutsa

12.10 / 19:54

Provident Progressive Landmark economy Highways country cover Sri Lanka says it has reached an agreement with China's EXIM Bank on debt, clearing IMF funding snag

Sri Lanka says that it has reached an agreement on key terms and principles on its debt restructuring with the Exim Bank of China

01.10 / 09:23

economy country social Department IMF team to begin meeting officials in Ukraine

International Monetary Fund will begin holding meetings in Ukraine on Sunday to discuss policy goals and challenges with government officials and others there, the Fund's country representative Vahram Stepanyan said on Sunday. Ukraine's economy has been hit hard since Russia launched a full-scale invasion in February 2022, and the government has relied heavily on Western aid to finance social and humanitarian payments. The IMF said last week its mission had begun its second review of a $15.6 billion multi-year loan program for the country.

15.09 / 11:09

Progressive show country Financial Sri Lanka's economy shrank 3.1% in Q2 amid financial crisis

By Uditha Jayasinghe

31.07 / 12:53

FIVE Manufacturing Assurant Strategy Align stage cover foreign NOT IMF packages, foreign bailouts will not suffice to keep Pakistan economy afloat: Report

IMF agreement has prevented Pakistan from going into default, at least temporarily, it has also set off a vicious cycle that has happened a few dozen times before in the nation's history, reported The Diplomat. Saudi Arabia made a USD 2 billion deposit into the State Bank of Pakistan (SBP) after the IMF agreement, and the UAE had already committed to making a USD 1 billion contribution.

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