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IMF BAILOUT 2023
Sri Lanka to overhaul loss-making national airline after failing to find buyersSri Lanka's government will restructure its loss-making national airline, Sri Lankan Airlines, after failing to find a buyer for management...- Bangladesh to receive $1.3 billion under third and fourth reviews, IMF saysThe IMF has approved a $1.33 billion disbursement to Bangladesh following a review of its economic programs. This includes $884 million und...
- India thanks IMF for imposing 11 conditions on Pakistan, but questions timing of bailoutIndia has expressed its appreciation for the IMF's additional conditions imposed on Pakistan, while also voicing concerns about the timing ...
- After multilateral agency granted fresh loans to Pakistan, Experts say IMF in need of funding process reformsExperts urge the IMF to reform its funding processes and review conditions for loans after approving fresh funds for Pakistan amidst confli...
- 'Terror' funding: India opposes IMF aid to PakistanIndia abstained from voting on IMF loans to Pakistan, citing concerns about the nation's history of misusing funds and sponsoring cross-bor...
- Can Pakistan fight India on borrowed money?India-Pakistan tensions: Following the Pahalgam attack, India is employing economic pressure tactics against Pakistan, including potential ...
- IMF chief says Sri Lanka stabilised, pledges more helpIMF chief Kristalina Georgieva praised Sri Lanka's economic recovery and pledged support during an online meeting with President Anura Kuma...
- Sri Lanka's painful austerity measures need to go on: IMFSri Lanka's new president, Anura Kumara Dissanayake, seeks to renegotiate parts of the $2.9 billion IMF bailout to lessen the burden on low...
- Sri Lanka's new government says "committed" to IMF's bailout package, hopes of renegotiating conditionsThe new Sri Lankan government, led by President Anura Kumara Dissanayake, is committed to the IMF's USD 2.9 billion bailout package. They p...
- Sri Lanka to restart talks with IMF immediately: PresidentSri Lanka's new president, Anura Kumara Dissanayake, has called for immediate talks with the IMF to renegotiate a $2.9 billion bailout. The...
- Cash-strapped Pakistan makes formal request to IMF for another bailoutPakistan has formally requested a new bailout package from the International Monetary Fund (IMF), ranging between USD 6 to USD 8 billion. T...
- Bankrupt Sri Lanka to seek debt moratorium until 2028Sri Lanka has since signed up to an International Monetary Fund rescue package and is working to repair public finances since the governmen...
- Sri Lanka's tourism sector sees 122 per cent growth in Jan 2024 compared to last year, says ministerSri Lanka's external sector performance has improved, with tourism revenue increasing by 122% in January 2024. The economy recorded positiv...
- Cash-strapped Sri Lanka's economy records positive growth for the first time since economic crisisSri Lanka had recorded a minus 8 per cent growth when it declared bankruptcy in April 2022. The country's economy continued to be in the ne...
- Pakistan's $900 million munitions sale to Ukraine revealed in 'bombs for bailout' deal amid US pressurePakistan has reportedly sold $900 million worth of munitions to Ukraine in a covert deal influenced by US pressure. This "bombs for bailout...
- Sri Lanka records single-digit inflation for the first time since economic crisis: Official dataThe last time single-digit inflation was recorded was 5.8 per cent in September of 2021. The highest inflation since the island nation's ec...
- Cash-strapped Pakistan's Parliament approves Rs 14.48 trillion budget for 2023-24Prime Minister Shehbaz Sharif met IMF Managing Director Kristalina Georgieva on the sidelines of the Global Financing Summit in Paris two d...
- Pakistan's new budget fail to meet expectations to boost economyThe total expenditure stipulated by the FY 2023-24 budget is PKR 14.46 trillion (USD 50.45 billion), out of which PKR 1.8 trillion has been...
- Inflation in Pakistan could average 33% in H1 2023, says Moody's economist"Our view is that an IMF bailout alone isn't going to be enough to get the economy back on track. What the economy really needs is persiste...
- Sri Lanka thanks India for backing its $2.9 billion bailout package; issuing guarantees to IMFIn a statement on Wednesday, the Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe thanked India for issuing the necessary gua...
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