A war-torn Ukrainian road, a citizen passes by on a bicycle. The International Monetary Fund (IMF) has approved a $15.6 billion aid package for Ukraine. According to the IMF, Ukraine’s economy has collapsed since the Russian invasion. Economic activity in Ukraine shrank by 30 percent last year, with much of the capital destroyed. The duration…
The protestors are demanding the government to solve the worst economic crisis. The IMF has warned that the crisis-ridden Lebanon is at a very dangerous point, if the policy of inaction continues, there will be an endless crisis. The IMF delegation criticized the slowness of the reform process in Lebanon, which has left billions of…
Ready to provide assistance to Pakistan, the spokesperson of the US State Department: Photo: File Washington: The US has urged Pakistan to work closely with the IMF, which will not only create a competitive business climate in the country but also help attract ‘high-quality investments’. According to the World News Agency, in the weekly press…
File photo The IMF has warned that Britain will be the only developed country whose economy will shrink rather than grow this year. Britain’s growth rate is expected to fall to 10.3% while GDP is expected to fall to 6.0%. Thus, Britain’s economy will be worse than Russia’s. It should be noted that yesterday the…
January 16, 2023: IMF Deputy Managing Director Antoine Monceau meets Bangladesh Prime Minister Hasina Wajid. The IMF has approved a 4.7 billion dollar aid loan package for Bangladesh. Energy and food prices have been rising sharply in Bangladesh, leading to massive protests. Till last year, there was 13 hours of load shedding every day across…
Regarding the poor British economy, the International Monetary Fund (IMF) has said in its report that this year the British economy will be worse than all developed countries, including Russia. The IMF report further states that the British economy is expected to contract by 0.6% instead of 0.3% this year. 0.9% growth in the economy…
The IMF estimates growth at 2.9 per cent this year, falling from 3.4 per cent in 2022 and reaching 3.1 per cent in 2024. This represents a slight adjustment, 0.2 percentage points, from its World Economic Outlook (WEO) forecast in October. Possible ‘turning point’ “Growth will remain weak by historical standards, as the fight against…
