Sri Lanka to Get New President Next Week
On July 20, Sri Lanka‘s Parliament will elect a new president; a spokesman said on Monday after protesters stormed the residences of the current President...
Tag : International Monetary Fund (IMF)
US Announces Additional $5.75 Million to Tackle Sri Lanka’s Economic Crisis
On Tuesday, the US announced more than $5 million in additional funding to cash-strapped Sri Lanka to address the island nation’s worst-hit emergency needs. The...
Government To Release 2021-22 GDP Figures Wednesday
The government will release Gross Domestic Product (GDP) growth figures for the full financial year for the 2021-22 quarter and tomorrow, 31 May 2022. Amid...
IMF Projects India’s General Fiscal Deficit at 9.9% for FY23
India’s general government fiscal deficit (states and Centre combined) has been projected at 9.9 per cent of GDP for FY23 as rising energy and food...
FM Sitharaman, CEA Nageswaran to Attend IMF-World Bank Spring Meeting
FM Nirmala Sitharaman will attend the International Monetary Fund (IMF) and World Bank Spring Meeting, which begin on Monday in Washington DC. She will also...
Sri Lanka Seeks to Secure $4 Billion From IMF
A Sri Lankan delegation travels to Washington to secure up to $4 billion in funding from the International Monetary Fund (IMF) and other lenders to...
World Bank Lowers Economic Growth of Pakistan Forecast to 4.3%
On Wednesday, Citing the additional burden on the budget put by the last-ditch energy subsidies by the outgoing Imran Khan government, the World Bank reduced...
World Bank Cuts Pakistan’s Growth Forecast to 4.3%
The World Bank has reduced Pakistan’s economic growth rate forecast for the current fiscal year to 4.3 per cent, down about 1 per cent from...
IMF Sets Up Special Account to Allow Donors to Fund Ukraine
The International Monetary Fund (IMF) has set up a special new account to provide bilateral donors and international organisations a secure way to donate funds...
IMF Approves $1 Billion Disbursements to Pakistan
The International Monetary Fund (IMF) announced that its Executive Board approved a $1 billion disbursement to Pakistan after finishing a review of its reforms under...