[ad_1] New Delhi: Jammu and Kashmir Chief Minister Omar Abdullah on Saturday slammed the International Monetary Fund (IMF) for approving a fresh $1 billion loan to Pakistan amid heightening tensions with India. “I’m not sure how the “International Community” thinks the current tension in the subcontinent will be de-escalated when the IMF essentially reimburses Pakistan for…
[ad_1] The International Monetary Fund (IMF) on Friday approved a fresh loan of about $1 billion to Pakistan under the ongoing Extended Fund Facility. India registered its protest by abstaining from voting at the crucial IMF meeting, pointing out that rewarding continued sponsorship of cross-border terrorism sends a dangerous message to the global community. According…
[ad_1] New Delhi: India on Friday opposed IMF’s proposal to extend fresh loans of USD 2.3 billion to Pakistan, saying the funds could be misused for financing state-sponsored cross-border terrorism. New Delhi abstained from voting at the crucial International Monetary Fund meeting, whose outcome was not known till the filing of the story. As an…
[ad_1] “I’m sure that our executive director will put forward India’s position”, Vikram Misri said. New Delhi: A day ahead of a crucial meeting of the International Monetary Fund (IMF) in Washington, India on Thursday hinted that it could communicate its view to the global financial body on its bailout package for Pakistan. Foreign Secretary…
[ad_1] 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…
[ad_1] 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…
[ad_1] ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement for the release of $1.1 billion from a $3 billion bailout package the cash-strapped country needed to avert a sovereign default.The agreement is “on the second and final review of Pakistan’s stabilisation programme”,saidNathan Porter, the head of the IMF team that…
[ad_1] NEW DELHI: Pakistan has met the International Monetary Fund’s benchmarks for maintaining the status quo in the energy sector, which could potentially pave the way for the disbursement of the next loan tranche of $1.2 billion, officials said.Ministry of Energy officials confirmed that they have successfully achieved the targets set for containing the flow…
[ad_1] Maldives President thanked China last month for its “selfless assistance” The strategically-placed Indian Ocean nation of the Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of “debt distress,” the IMF warned Wednesday. Beijing has pledged more funding for the Maldives since pro-China President Mohamed Muizzu took…
[ad_1] International Monetary Fund (IMF) Managing Director Kristalina Georgieva | Photo Credit: REUTERS The economic success of India is grounded in the pursuit of reforms over the last years, Managing Director of International Monetary Fund (IMF) Kristalina Georgieva said on February 1 exuding confidence that it would achieve its goal of being a developed nation…
