THE International Monetary Fund (IMF) has approved the disbursement of 10 million dollars to Somalia to boost the country’s economic reforms. IMF in a statement said that the latest funding “brings Somalia’s total disbursement under the current programme, originally approved in Dec. 2023, to 60 million dollars.’’ Bo Li, the IMF’s Deputy Managing Director, … Read more
PAKISTAN has assured the International Monetary Fund that despite initial delays, it still remained hopeful of securing the Chinese debt rescheduling and will receive oil from Saudi Arabia on deferred payments as part of its efforts to fill the $5 billion external funding gap. The hopes are rooted in the assurances that the executive directors … Read more
THE International Monetary Fund (IMF),, says global growth is projected to remain unchanged at 3.2 percent in 2024 and 2025, as Inflation recedes. This is according to the IMF’s latest World Economic Outlook (WEO) Update Report for October 2024: “Policy Pivot, Rising Threats,” released on Tuesday during the IMF/ World Bank Meetings in Washington D.C. … Read more
THE Executive Board of the International Monetary Fund (IMF) has approved to lower the IMF’s borrowing costs for members by 36 per cent, or about 1.2 billion dollars annually. A statement, issued by the IMF Press Centre, said this was the outcome of the fund’s Board Review of Charges and the Surcharge Policy on Friday. … Read more
ActionAid has said the time is up for the International Monetary Fund (IMF) and the World Bank to stop perpetuating a colonial rule on the world. The call was made at the weekend as the two global financial institutions conclude their Spring meetings in Washington DC this week. ActionAid, in the statement said for the … Read more
THE global economic landscape in 2024 reveals a fascinating array of nations leading in wealth and prosperity for their citizens. This year’s lineup of the world’s most affluent countries, ranked by their GDP per capita PPP, offers a glimpse into the diverse strategies and unique economic characteristics that catapult nations to the top of the … Read more