[ NEW DELHI: The Pakistan government borrowed more than PKR 650 billion from banks to address its increasing expenses within a week, as reported by Dawn on Saturday. The government’s borrowing from commercial banks hit a historic high of PKR 5.5 trillion from July 1, 2023, to April 5, 2024 against PKR 2.95 billion in … Read more
[ ACCRA: The International Monetary Fund on Saturday said it had validated a fresh tranche of aid of $360 million for Ghana as the country seeks to exit an economic crisis.The latest aid comes as part of a second review of the IMF’s $3 billion assistance package to Accra, which was approved in May last … Read more
[ War of Words! Krishnamurthy Subramanian, the Executive Director at the International Monetary Fund has said that the IMF’s GDP growth forecasts for India have been consistently ‘INACCURATE’. In contrast, he claimed that his predictions of India’s GDP growth have been accurate. The issue stems from IMF spokesperson Julie Kozack recently stating that Krishnamurthy Subramanian’s … Read more
[ New Delhi: The IMF has reached an agreement with the government of Sri Lanka on the second review of the country’s extended fund facility arrangement, paving the way for debt restructuring. The 2024 Article IV consultation discussions have now ended with the signing of a staff-level agreement between the IMF senior mission chief and … Read more
