Sunday, February 23, 2025

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May 14, 2024 3:54 PM

Asia to contribute 60% of global growth in 2024: IMF official

Asia continues to power ahead as the engine of the global economy, with the region expected to contribute a massive 60% to world growth in 2024, a senior International Monetary Fund (IMF) official stated on Monday. Speaking at the 13th IMF-Japan Hig...

April 30, 2024 12:56 PM

Growth in Asia-Pacific expected to slow in 2024: IMF

Economic growth in the Asia Pacific region is better than previously projected but is expected to slow from 5 per cent in 2023 to 4.5 per cent in 2024, according to IMF's Regional Economic Outlook for Asia and Pacific. In the Outlook report, the Int...

April 26, 2024 3:39 PM

Sri Lanka approves IMF-backed law to seize proceeds of crime

Sri Lanka has approved a new law backed by the International Monetary Fund (IMF) allowing the state to seize any proceeds from criminal activities, a cabinet spokesperson said on Friday. The new law was proposed as part of efforts under the IMF prog...

April 16, 2024 9:00 PM

IMF boosts India’s 2024 growth forecast

The International Monetary Fund (IMF) in its latest outlook raised India's growth projections for 2024 from 6.5 per cent to 6.8 per cent, with the country maintaining the fastest-growing status in emerging markets and developing economies.   For t...

March 20, 2024 11:13 AM

Pakistan, IMF finalize $1.1 billion disbursement

Pakistan and the International Monetary Fund have concluded a staff-level review of a $3 billion standby arrangement which, if approved, will disburse $1.1 billion for the South Asian economy, two officials involved in the talks said. The funds are ...

March 18, 2024 4:14 PM

Pakistan to seek fresh IMF bailout package of over $8 billion

Pakistan will make a formal request to the International Monetary Fund (IMF) for a longer and larger bailout package under the Extended Fund Facility (EFF) next month, The Geo News reported on Sunday. The country is expected to seek a fresh IMF bail...

February 13, 2024 10:09 AM

IMF Chief warns of AI’s impact on Global Employment

During the World Summit of Governments in Dubai, Kristalina Georgieva, the managing director of the International Monetary Fund, highlighted a significant finding from an IMF study, indicating that nearly 40% of global employment faces exposure to Ar...

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Last updated on: 23rd February 2025