IMF to increase Kenya programme by $650mn NAIROBI: The International Monetary Fund (IMF) has agreed to increase Kenya’s lending programme by $650 million, the... Published 07 Nov, 2023 03:58pm
Business & Finance IMF raises China 2023 growth forecast to 5.4% BEIJING: The International Monetary Fund on Tuesday raised its 2023 economic growth forecast for China, citing... Published 07 Nov, 2023 01:40pm
Business & Finance Asia’s factories squeezed as China’s nascent recovery teeters TOKYO: Asia’s manufacturers faced worsening pressure in October with factory activity in China slipping back into... Published 01 Nov, 2023 10:57am
World Israel-Hamas war already affecting regional economies: IMF head RIYADH: The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing... Updated 25 Oct, 2023 10:56pm
Markets IMF seeks strong budget, narrower deficit from Sri Lanka NEW DELHI: The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka... Published 20 Oct, 2023 10:35am
Business & Finance Pakistan to appoint adviser as it privatises money-losing national airline ISLAMABAD: Pakistan will appoint an adviser to draft a plan to privatise its money-losing national airline, the... Updated 10 Oct, 2023 10:40pm
Business & Finance IMF, World Bank hold first meetings in Africa in 50 years MARRAKESH: The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50... Published 09 Oct, 2023 12:15pm
World IMF staff, Ghana agree first review of $3bn programme ACCRA: The International Monetary Fund and Ghana’s government have reached a staff-level agreement on the first... Published 06 Oct, 2023 04:46pm
World Japan may arrange G7 finance meeting next week TOKYO: Japan is considering arranging a Group of Seven (G7) finance leaders’ meeting next week on the sidelines of... Published 06 Oct, 2023 10:38am
World IMF, World Bank to tackle climate goals among reforms at annual meetings WASHINGTON: The World Bank and International Monetary Fund will tackle the thorny issue of institutional reform at... Published 05 Oct, 2023 10:24am
World Sri Lanka’s creditors likely to reach debt reduction deal in Oct TOKYO: Sri Lanka’s major creditors such as Japan, India and France are likely to reach a broad agreement this month... Published 02 Oct, 2023 04:37pm
Markets Sri Lanka fails to seal first review of IMF’s bailout, talks to continue COLOMBO: The International Monetary Fund (IMF) concluded its visit to Sri Lanka but did not reach a staff level... Published 27 Sep, 2023 03:42pm
Business & Finance Kenya walking ‘tightrope’ due to debt strains: JPMorgan LONDON: Kenya’s mounting debt strains mean it is “walking a tightrope” to avoid a crisis, US investment bank... Published 26 Sep, 2023 07:19pm
Markets Sri Lanka’s revenue shortfall concerns IMF team COLOMBO: The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka’s... Published 26 Sep, 2023 06:12pm
Markets IMF board clears Suriname review, sees advance in China debt talks NEW YORK: The board of the International Monetary Fund said on Monday it completed a third review of Suriname’s $630... Published 26 Sep, 2023 10:55am
Markets IMF mission starts second review of Ukraine programme KYIV: An International Monetary Fund monitoring mission started work on Monday on the second review of a $15.6... Published 25 Sep, 2023 02:31pm
World IMF reaches deal with Malawi on $174mn new loan BLANTYRE: The International Monetary Fund (IMF) reached an agreement with Malawi for a new loan of about $174... Published 21 Sep, 2023 05:34pm
Markets Ghana reopens debt exchange for 12.9bn cedis of local bonds ACCRA: Ghana is reopening a debt exchange that was originally settled in February for another 12.9 billion cedis... Published 14 Sep, 2023 12:50pm
Markets Oil cut extension raises risk of Saudi economic contraction this year DUBAI: Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude... Published 10 Sep, 2023 01:01pm
World Morocco survivors seek aid as earthquake toll passes 2,100 MOULAY BRAHIM: Survivors of Morocco’s deadliest earthquake in more than six decades struggled to find food, water... Updated 10 Sep, 2023 09:39pm
World Yellen to work with India at G20 Summit to aid successful communique crafting NEW DELHI: US Treasury Secretary Janet Yellen said on Friday the United States was willing to work with India to... Published 08 Sep, 2023 11:16am
Markets IMF and regulators set out roadmap to contain crypto risks LONDON: Global financial regulators and the International Monetary Fund on Thursday set out a roadmap to coordinate... Published 07 Sep, 2023 01:37pm
World G20 summit: Who is coming to India, and who is not NEW DELHI: Leaders from the world’s top economies arrive in India on Friday for a two-day G20 summit overshadowed by... Published 06 Sep, 2023 11:39am
World Pakistan among countries in grip of debt problems LONDON: The persistent and damaging debt problems gripping a number of developing world nations will be a core topic... Published 03 Sep, 2023 02:57pm
World IMF managing director to meet leaders in China, go to Indonesia, India BEIJING: International Monetary Fund Managing Director Kristalina Georgieva will visit China from Wednesday to meet... Published 29 Aug, 2023 09:53am
Markets Kuwait’s economic recovery faces ‘substantial’ risks: IMF DUBAI: Kuwait’s economic recovery is ongoing but risks to the oil producer’s outlook “remain substantial” and... Updated 23 Aug, 2023 06:25pm
Business & Finance Sri Lanka’s July consumer inflation eases to 4.6% COLOMBO: Sri Lanka’s consumer price inflation slowed to 4.6% year-on-year in July from 10.8% in June, helped by... Published 21 Aug, 2023 03:25pm
Business & Finance Sri Lanka lifts import ban on trucks, heavy vehicles COLOMBO: Sri Lanka on Tuesday lifted a ban on imports of trucks and other heavy vehicles for the first time since... Published 15 Aug, 2023 01:31pm
Markets Pakistan’s economic woes leave textile industry in tatters LAHORE: Factory worker Lubna Babar was made redundant at the beginning of the year, a victim of a crisis in the... Published 06 Aug, 2023 12:13pm
World Argentina uses $775mn Qatar loan to repay IMF BUENOS AIRES: The Argentine government said Friday it will use a loan from Qatar amounting to $775 million to make a... Published 05 Aug, 2023 10:17am