The long-awaited agreement could pave the way for the release of $1.17 billion to Pakistan as the country grapples with high inflation and political instability.
Tag: International Monetary Fund
Sri Lanka Needs Billions As It Exhausts Financing
Funds provided by India are already gone. China has kept its distance. As the crisis deepens, Sri Lanka has even turned to charities in Qatar for help.
Union Strike in Tunisia Challenges President’s Rule
The union that called the strike has become the most powerful opponent of President Kais Saied as he tries to concentrate power.
Pakistan Raises Fuel Prices in Effort to Stabilize Economy
The interim government’s move was seen as a bid to revive a $6 billion bailout from the International Monetary Fund.
G7 Finance Ministers Race to Secure More Ukraine Aid
Officials are working on a plan to provide $15 billion to help keep Ukraine’s government operating during its war with Russia.
G7 Finance Ministers Race to Secure More Ukraine Aid
Officials are working on a plan to provide $15 billion to help keep Ukraine’s government operating during its war with Russia.
Hezbollah Loses Majority Bloc in Lebanon Election, Results Show
Voters drove out vital parliamentary allies of the militant faction, though not Hezbollah candidates themselves. A dozen new independents won seats.
World Economic Outlook Dims as War and Pandemic Cast a Pall
The International Monetary Fund’s new World Economic Outlook expects growth to slow to 3.6 percent this year. The group is one of many to slash their forecasts recently.
Yellen Says Aim Is ‘Maximum Pain’ for Russia Without Hurting U.S.
The Treasury secretary told a House committee that the U.S. would continue finding ways to punish Russia for its invasion of Ukraine.
Mideast Feels the Pinch of Rising Food Prices as Ramadan Nears
Russia’s war on Ukraine has driven up the prices of staple foods and energy across the Middle East and North Africa ahead of the Muslim holy month of daytime fasting and nighttime feasting.