![]() | Lanka limits foreign currency possession by individuals to support dwindling forex reserveWith 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. |
![]() | Bankrupt Sri Lanka opens IMF talks for possible bailout after shutdownThe 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. |
![]() | IMF planning to send in-person mission to crisis-hit Sri Lanka: SpokespersonInternational 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. |
![]() | IMF welcomes India's decision to relax ban on wheat exports; concerned by food, fertiliser export restrictionsA 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. |
![]() | IMF MD names Krishna Srinivasan as head Asia-Pacific departmentSrinivasan, an Indian national, has more than 27 years of Fund experience, starting in 1994 in the Economist Program. |
![]() | Lankan PM discusses economic situation with IMF chief as govt looks to bolster nation's reservesThe prime minister explained that negotiations regarding bridging finance were reliant on Sri Lanka and the IMF concluding a staff-level agreement. |
![]() | Chinese banks agree to refinance cash-strapped Pakistan with USD 2.3 billion funding: ReportThe agreement with Chinese banks is expected to bolster the reserves and enable the country to make import payments. |
![]() | Airlifting medicines to Sri Lanka and the IMF’s roleDoes 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? |
![]() | India's growth projection being revised, might be lower than earlier forecast: IMF officialIn 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. |
![]() | Sri Lanka's Cabinet approves proposal to amend laws to increase state revenueSri Lanka is hoping for a Rapid Finance Instrument (RFI) facility as well as a larger Extended Fund Facility (EFF) from the international financial body. |
![]() | Require adequate assurances on Sri Lanka's debt sustainability restoration: IMFThe (IMF) team welcomes the appointment of financial and legal advisors to engage in a collaborative dialogue with their creditors. |
![]() | Davos gathering overshadowed by global economic worriesIn 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. |
![]() | Sri Lanka's prime minister tackles thorny finances, economyWickremesinghe's appointment followed a government announcement that Sri Lanka was hiring two international firms to restructure its $51 billion external debt. |
![]() | Pakistan begins talks with IMF to resurrect enhanced bailout package to support its sagging economyPakistan 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. |
![]() | IMF and the Sri Lanka bailout dramaHow many more International Monetary Fund programmes will Lanka need to put itself through to reach that manna of economic stabilisation? |
Latest
Alleging BJP govt interference, Sobha Oza resigns as Madhya Pradesh women's rights panel head
COVID-19: 23 fresh cases of sub-variants BA.4 and BA.5 detected in Maharashtra
Normal life affected as heavy rain inundates low-lying areas of three north Bengal districts
Gujarat ATS detains activist Teesta Setalvad in Mumbai day after SC verdict on 2002 riots
US President Joe Biden signs first significant gun control law in decades
Tesla employees share plight on social media as electric dream meets sudden crash in mass layoffs