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May 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

IMF

Data update
Editorials

Data update

EDITORIAL: The State Bank of Pakistan has updated data on foreign domestic debt as well as investment inflows...
Published 21 Jan, 2021 04:23am
'Spend as much as you can,' IMF head urges governments worldwide
World

'Spend as much as you can,' IMF head urges governments worldwide

  • In terms of policies for right now, very unusual for the IMF, starting in March I would go out and I would say: 'please spend'. Spend as much as you can and then spend a little bit more.
  • Georgieva praised Russia's synchronised response to the economic challenges created by the COVID-19 pandemic.
Published 15 Jan, 2021 08:16pm
Chilean central bank to buy $12bn to replenish FX reserves
Markets

Chilean central bank to buy $12bn to replenish FX reserves

  • The bank said it would take the step ahead of the closing off in mid-2022 of a flexible, $24 billion credit line extended by the IMF.
  • The board considers it prudent to initiate a process that allows it to replace the role of the FCL (flexible credit line) by gradually accumulating international reserves.
Published 13 Jan, 2021 08:52pm
COVID-19 Pandemic in Developing Countries Conference
Markets

COVID-19 Pandemic in Developing Countries Conference

This conference is planned to open avenues of communication between the IMF and stakeholders in developing economies to better understand the impact of the crisis and also between low income countries and middle income emerging markets given that these country groups are facing increasingly similar challenges.
Published 11 Dec, 2020 10:45am
Colombia has drawn $5.4bn from flexible credit line, IMF says
World

Colombia has drawn $5.4bn from flexible credit line, IMF says

  • The authorities will use the drawing to help meet higher financing needs whilst maintaining strong external buffers in a context of heightened global uncertainty.
  • In a separate announcement on Thursday, the central bank said it would buy $1.5 billion from the government for its international reserves.
Published 04 Dec, 2020 12:49am