The International Monetary Fund (IMF) has approved a much-awaited $3bn bailout for Pakistan, a move that is likely to help prevent the South Asian country from defaulting on its debt repayments. In a statement on […]
Sri Lankan workers have gone on strike in defiance of a government ban to protest against a rescue plan for the bankrupt island nation, forcing the closure of some hospitals, banks and ports. President Ranil […]
The reopening of the Chinese economy and hopes that the world can avoid a recession have spurred traders to buy oil and fuel futures at the fastest pace since 2020. The bulk of purchases was […]
International Monetary Fund Managing Director Kristalina Georgieva warned on CBS’s ‘Face the Nation’ in an interview aired on Jan. 1 that a third of the global economy will be in recession this year and investors […]
The International Monetary Fund has approved a deal that will provide a $3bn support package to cash-strapped Egypt over almost four years, with the agreement expected to draw in an additional $14bn in financing for […]
In its latest report compiled for the G20 summit, the International Monetary Fund (IMF) has downgraded the forecast for the global economy, noting that the “outlook is gloomier” than it had previously expected. Since January, […]
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