International Monetary Fund

Lanka limits foreign currency possession by individuals to support dwindling forex reserve

With the intention of attracting foreign currency in the hands of the public into the formal banking system, Minister of Finance Ranil Wickremesinghe issued the order under the Foreign Exchange Act.

published on : 25th June 2022

Bankrupt Sri Lanka opens IMF talks for possible bailout after shutdown

The first in-person talks with the IMF on Sri Lanka's bailout request commenced in Colombo and will continue for 10 days, the lender and the government said in brief statements.

published on : 20th June 2022

IMF planning to send in-person mission to crisis-hit Sri Lanka: Spokesperson 

International Monetary Fund Spokesperson Gerry Rice said the global financial body was committed to supporting Sri Lanka at this difficult time, in line with the IMF policies.

published on : 10th June 2022

IMF welcomes India's decision to relax ban on wheat exports; concerned by food, fertiliser export restrictions

A senior International Monetary Fund official observed that some 30 countries have curtailed exports of commodity goods including food and fuel since the war in Ukraine began.

published on : 10th June 2022

IMF MD names Krishna Srinivasan as head Asia-Pacific department 

Srinivasan, an Indian national, has more than 27 years of Fund experience, starting in 1994 in the Economist Program.

published on : 9th June 2022

Lankan PM discusses economic situation with IMF chief as govt looks to bolster nation's reserves

The prime minister explained that negotiations regarding bridging finance were reliant on Sri Lanka and the IMF concluding a staff-level agreement.

published on : 8th June 2022

Chinese banks agree to refinance cash-strapped Pakistan with USD 2.3 billion funding: Report

The agreement with Chinese banks is expected to bolster the reserves and enable the country to make import payments.

published on : 3rd June 2022

Airlifting medicines to Sri Lanka and the IMF’s role

Does anyone expect the International Monetary Fund to just pass on billions of dollars to Sri Lanka without corresponding obligations of placing the economy in order?

published on : 2nd June 2022

India's growth projection being revised, might be lower than earlier forecast: IMF official 

In April, the International Monetary Fund had lowered India's growth projection to 8.2 per cent as compared to 9 per cent estimated in January.

published on : 31st May 2022

Sri Lanka's Cabinet approves proposal to amend laws to increase state revenue

Sri Lanka is hoping for a Rapid Finance Instrument (RFI) facility as well as a larger Extended Fund Facility (EFF) from the international financial body.

published on : 31st May 2022

Require adequate assurances on Sri Lanka's debt sustainability restoration: IMF 

The (IMF) team welcomes the appointment of financial and legal advisors to engage in a collaborative dialogue with their creditors.

published on : 27th May 2022

Davos gathering overshadowed by global economic worries

In Davos, economic and central bank officials debated the effects of moving abstract policy levers at their disposal, while company bosses outlined their worries about the business outlook.

published on : 25th May 2022

Sri Lanka's prime minister tackles thorny finances, economy

Wickremesinghe's appointment followed a government announcement that Sri Lanka was hiring two international firms to restructure its $51 billion external debt.

published on : 25th May 2022

Pakistan begins talks with IMF to resurrect enhanced bailout package to support its sagging economy

Pakistan would also try to secure the release of the next tranche of USD 1 billion before the end of this financial year on June 30.

published on : 18th May 2022

IMF and the Sri Lanka bailout drama

How many more International Monetary Fund programmes will Lanka need to put itself through to reach that manna of economic stabilisation?

published on : 7th May 2022
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