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Tag Archives: IMF

PM Imran reiterates commitment for undertaking structural & governance reforms

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  ISLAMABAD: Prime Minister Imran Khan had a meeting with Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) on the sidelines of the World Government Summit in Dubai on Sunday 10th February 2019. The Prime Minister appreciated IMF’s support to Pakistan and shared his vision for nation-building. He reiterated the government’s commitment for undertaking structural & governance reforms ... Read More »

Customs Today prediction of rupee devaluation up to 153 vs dollar comes true?  

Asad Umar

ISLAMABAD: Sudden devaluation of Pak rupee against the US dollar recorded in interbank trading on Friday morning as rupee hit an all-time high of Rs144. Rupee devaluation is following the same pattern as reported by Customs Today in July 2018 that the Pak rupee could touch the lowest value of 153 against dollar in the medium term due to illegal ... Read More »

Dollar rises by Rs9.74 to touch Rs 134 mark as PTI govt decides to approach IMF

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KARACHI: Dollar rate in interbank market on Tuesday increased by Rs9.74 to hit the mark of Rs134. The rate soared by Rs 9.75 at start of the trading today and the market was closed at Rs 124.25 on Monday. Analysts said uncertainty regarding financial position of the country led to the freefall of the dollar. After this sharp increase in ... Read More »

Jordan, IMF reach staff-level deal on final review to approve $400m

IMF, WB

AMMAN: The International Monetary Fund (IMF) announced Wednesday that its mission for Jordan has reached a staff-level agreement on the seventh and final review under the 36-month Stand-By Arrangement (SBA). This agreement is subject to approval of the IMF’s executive board, which is scheduled to consider the review at the end of July. Board approval would make available to Jordan ... Read More »

Saudi economy to expand this year, growth slows in 2016: IMF

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RIYADH: International Monetary Fund (IMF) raised its outlook for Saudi Arabia’s economic growth this year but also predicted a much bigger state budget deficit after talks with Saudi officials. The Saudi economy will keep expanding strongly this year, showing little effect from the oil price drop, but growth will slow in 2016 as lower oil revenues hit state spending, the ... Read More »

Greece schedules to repay €1.6 billion to IMF till June 5

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ATHENS: Greece will make the next payment to the International Monetary Fund on June 5 as the country will have reached an agreement with its creditors by then, Finance Minister Yanis Varoufakis said on Tuesday. In the last few days, there have been divergent comments from local officials on whether Athens will be able to meet its next tranche of ... Read More »

IMF may agree on $800m loan to Iraq within weeks

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ANKARA: Iraq has requested financial assistance from the International Monetary Fund (IMF) and agreement may be reached within weeks on a loan of about $800 million, a senior IMF official said. Iraqi finances have been hit hard by the plunge of oil prices since last year as well as by the Islamic State of Iraq and the Levant (ISIL) insurgency. ... Read More »

IMF wants Greece in Eurozone

imf

ATHENS: Gerry Rice, Communications Department Director of the International Monetary Fund (IMF), said in a press briefing on Thursday that the organization is working closely with Europe to keep Greece in the Eurozone and they are flexible in negotiations. Answering a question where a reporter said that the Greek authorities present the IMF as the bad policeman, Rice replied that ... Read More »

IMF expects Jordan’s GDP growth 3.8% in 2015

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AMMAN: The Regional Economic Outlook Update released Tuesday in Dubai, projected that Jordan’s Gross Domestic Product (GDP) will grow by 3.8 per cent this year and 4.5% in 2016. For the Middle East North Africa, Afghanistan, and Pakistan (MENAP) group of oil-importing countries, the International Monetary Fund report predicted the GDP would grow by 4 per cent in 2015 and ... Read More »

IMF expects Jordan’s GDP growth 3.8% in 2015

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AMMAN: The Regional Economic Outlook Update released Tuesday in Dubai, projected that Jordan’s Gross Domestic Product (GDP) will grow by 3.8 per cent this year and 4.5% in 2016. For the Middle East North Africa, Afghanistan, and Pakistan (MENAP) group of oil-importing countries, the International Monetary Fund report predicted the GDP would grow by 4 per cent in 2015 and ... Read More »

IMF loans 200m USD to Jordan

JORDAN USA

AMMAN: The Executive Board of the International Monetary Fund (IMF) approved Monday the release of 200 million U.S. dollars as a loan to Jordan. The IMF said in a statement that it approved the release after completing the sixth review of Jordan’s three-year economic program. The amount is part of a 2.1-billion dollar loan the IMF agreed to extend to ... Read More »

IMF loans 200m USD to Jordan

JORDAN USA

AMMAN: The Executive Board of the International Monetary Fund (IMF) approved Monday the release of 200 million U.S. dollars as a loan to Jordan. The IMF said in a statement that it approved the release after completing the sixth review of Jordan’s three-year economic program. The amount is part of a 2.1-billion dollar loan the IMF agreed to extend to ... Read More »

IMF revises economic forecast for Poland by 3.5% in 2016

IMF

WARSAW: The Polish economy will grow by 3.5 percent this and the next year. In January, the forecast assumed an increase of 3 percent and 3.3 percent in 2015 and 2016 respectively, said International Monetary Fund estimated. “When it comes to the projected growth, Poland is doing very well, compared with the other European countries,” said Aqib Aslan from the ... Read More »

IMF revises economic forecast for Poland by 3.5% in 2016

IMF

WARSAW: The Polish economy will grow by 3.5 percent this and the next year. In January, the forecast assumed an increase of 3 percent and 3.3 percent in 2015 and 2016 respectively, said International Monetary Fund estimated. “When it comes to the projected growth, Poland is doing very well, compared with the other European countries,” said Aqib Aslan from the ... Read More »

IMF lowers Zim’s growth projection to 2.8%, sees further weakening in 2016

IMF ZIM GROWTH

HARARE: The International Monetary Fund has lowered Zimbabwe’s Gross Domestic Product (GDP)’s projected growth to 2.8 percent this year and 2.7 next year on continued economic pressures. In its regional economic outlook (sub-Saharan Africa) released on Tuesday, the international financial institutions categories Zimbabwe as one of fragile countries in the region, alongside Burundi, Central African The IMF said consumer prices ... Read More »

IMF paints bleak outlook for Zimbabwean economy

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HARARE: Zimbabwe’s economic prospects remain difficult and are set to worsen by the end of this year, the International Monetary Fund (IMF) warned on Thursday. In a statement following the completion of the first review of the IMF Staff-Monitored Programme (SMP) for Zimbabwe, the Bretton Woods institution said economic growth for the southern African country has slowed in recent months ... Read More »

IMF forecasts higher growth for Greece Economy in 2015

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ATHENS: The International Monetary Fund (IMF) said in its World Economic Outlook report that the Greece economy is expected to grow faster, while fiscal deficit will fall further and unemployment will decline this year. IMF is expecting Greece GDP to grow from 0.8% in 2014 to 2.5% in 2015 and to 3.7% in 2016, with growth rate rising to 4.0% ... Read More »

IMF forecasts Polish GDP by 3.5% for 2015

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WARSAW: the International Monetary Fund wrote in the World Economic Outlook report Poland’s GDP growth will likely accelerate to 3.5% in 2015 from 3.3% in 2014. Thus IMF raised its previous 2015 forecast of 3.3%. Read More »

Greece will struggle to find creditors outside EU and IMF: German Finance Minister

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BERLIN: Greece would struggle to find creditors outside the EU and IMF, German Finance Minister Wolfgang Schaeuble has said, according to BBC News. He said it would be welcome to try to find investment from Beijing or Moscow, but may have difficulties. The warning came after fears of a Greek debt default saw its borrowing costs jump 3.5 percentage points ... Read More »

Taxes, other revenue to rise from low of 32% of GDP to 36% till 2020: IMF

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CANBERRA: Federal and state governments are relying on higher taxes rather than spending cuts to do all the work of repairing their budgets, according to new medium-term forecasts from the International Monetary Fund. The fund’s projections show that, over the decade to 2020, taxes and other revenue will rise from a low of 32 per cent of GDP during the ... Read More »