Search result for 'bailout package'

Sri Lanka Officially Ends Debt Default: Fitch Rating Upgrade

December 21, 2024 17:57

Sri Lanka has officially exited debt default after Fitch Ratings upgraded its credit rating, citing completed debt restructuring and improved macroeconomic indicators. The island nation faced a...

Sri Lanka Wins IMF Tax Relief: President Dissanayake

December 18, 2024 16:14

Sri Lanka secures IMF tax relief & car import resumption. President Dissanayake announces agreement, including PAYE tax adjustments and debt restructuring for small businesses.

Sri Lanka Completes ISBs Exchange, Restructuring Debt

December 14, 2024 22:53

Sri Lanka successfully completes its International Sovereign Bonds exchange offer, securing debt restructuring and new securities with 98% participation. This move helps the nation maintain debt...

Saudi Arabia Extends Pakistan Loan for Another Year

December 6, 2024 16:17

Saudi Arabia has extended a USD 3 billion loan to Pakistan for another year, providing crucial financial support to the cash-strapped nation. The move comes as Pakistan faces mounting debt...

Sri Lanka Ratifies Debt Restructuring: IMF Bailout Key

November 26, 2024 16:46

Sri Lanka's new government has ratified a debt restructuring agreement, a crucial step in securing the fourth tranche of a USD 3 billion IMF bailout package. The agreement, reached under the...

Pakistan Assures IMF of Chinese, Saudi Aid for Funding Gap

November 14, 2024 17:01

Pakistan has assured the IMF it will receive debt rescheduling from China and oil from Saudi Arabia on deferred payments to fill a USD 5 billion external funding gap. The IMF is considering...

IMF to Review Pakistan Bailout Early: Key Targets Under Scrutiny

November 6, 2024 17:35

The IMF will send a review mission to Pakistan ahead of schedule to assess progress on the USD 7 billion bailout package, focusing on budget targets and economic reforms.

IMF Talks with Sri Lanka on Programme Review

October 25, 2024 20:25

The IMF is in talks with Sri Lanka's new administration on continuing its Extended Fund Facility programme. The third review of the bailout package is expected to start soon.

India's Development Aid to Sri Lanka: Investments & Grants

October 15, 2024 20:30

India has completed 60 grant projects in Sri Lanka and is implementing more, emphasizing investment and grants over debt instruments to support the nation's economic recovery.

Sri Lanka Economy Stabilizes: World Bank Predicts 4.4% Growth in 2024

October 10, 2024 15:47

Sri Lanka's economy has stabilized after its 2022 crisis, with the World Bank predicting 4.4% growth in 2024. However, challenges remain, including debt restructuring and poverty reduction.

Pakistan Remittances Match IMF Bailout Package

October 9, 2024 18:59

Remittances from overseas Pakistanis in the past three months have reached USD 7 billion, equaling the IMF's bailout package. This influx has boosted the Pakistani economy, with the stock market...

Sri Lanka Debt Restructuring: Jaishankar's Visit Crucial - News

October 8, 2024 16:45

Sri Lanka's Foreign Minister highlights the significance of External Affairs Minister S Jaishankar's visit in finalizing debt restructuring with international bondholders. The visit comes after a...

IMF Approves USD 7 Billion Bailout for Pakistan

September 26, 2024 10:10

The IMF has approved a USD 7 billion bailout package for Pakistan, including a USD 1.1 billion tranche this month. The agreement comes with strict conditions including tax increases and spending cuts.

IMF Approves $7 Billion Bailout for Pakistan

September 26, 2024 00:47

The IMF has approved a $7 billion bailout package for Pakistan, with the first tranche of $1.1 billion expected this month. The bailout comes as the country faces an economic crisis.

Sri Lanka Reaches Debt Restructuring Deal with Creditors

September 19, 2024 18:02

Sri Lanka has reached in-principle agreements with external commercial creditors for debt restructuring, including International Sovereign Bonds and China Development Bank. This follows...

Sri Lanka to Lift Vehicle Import Ban in Phases Starting Oct 1

September 14, 2024 19:24

Sri Lanka will lift its ban on vehicle imports in a phased manner starting October 1, part of its economic recovery strategy tied to IMF conditions. Public transport vehicles will be allowed first,...

Pakistan Economy Stabilizing: PM Shehbaz Sharif

September 1, 2024 21:04

Pakistani Prime Minister Shehbaz Sharif announced the economy is moving towards stability, citing decreasing inflation and a credit rating upgrade by Moody's. He also expressed confidence in...

Sri Lanka Debt Deal: Renegotiation Risks IMF Bailout

August 29, 2024 16:35

Sri Lanka's foreign minister warns renegotiating debt terms could jeopardise IMF bailout, impacting World Bank and ADB funding. Economic instability is a risk.

Sri Lanka's IMF Bailout: Tax Proposal Negotiations

August 14, 2024 17:12

Sri Lankan President Wickremesinghe discusses tax proposals with the IMF as part of the USD 2.9 billion bailout package, aiming to provide relief to taxpayers.

Sri Lanka Ready to Fund Increasing Presidential Candidates

August 11, 2024 20:35

Sri Lanka's Finance Minister assures sufficient funds for the upcoming presidential election despite a rising number of candidates. The country is facing a challenging economic recovery after a...

Pakistan Secures Debt Rollover, IMF Bailout Imminent

August 7, 2024 16:15

China, Saudi Arabia, and the UAE agree to roll over USD 12 billion in debt for Pakistan, paving the way for a USD 7 billion IMF bailout package.

IMF Praises Sri Lanka's Recovery, Calls for More Revenue

August 2, 2024 18:57

The IMF commends Sri Lanka's economic recovery under its bailout program, highlighting positive outcomes like GDP growth and inflation control. However, it emphasizes the need for further revenue...

Pakistan Seeks Debt Reprofiling with China, Saudi Arabia, UAE

July 29, 2024 11:38

Pakistan seeks to re-profile over USD 27 billion in debt with China, Saudi Arabia and UAE to secure IMF bailout. This includes extending maturity periods of loans and converting energy sector...

Pakistan Seeks Energy Loan Restructuring from China

July 27, 2024 16:59

Pakistan's finance and energy ministers are in Beijing to negotiate debt rescheduling for CPEC energy projects, amid concerns over China's reluctance and potential impact on IMF bailout.

Pakistan Secures $7 Billion IMF Deal for Macroeconomic Stability

July 13, 2024 14:38

Pakistan's Finance Minister Aurangzeb says a new IMF deal will help stabilize the country's economy, addressing challenges caused by the pandemic, war in Ukraine, and floods. The $7 billion package...

Pakistan Secures $7 Billion IMF Loan for Economic Stability

July 13, 2024 11:09

Pakistan has secured a $7 billion loan from the IMF to address its economic challenges, including strengthening fiscal and monetary policies and boosting growth. The agreement follows a recent...

Pakistan Seeks IMF Bailout Deal This Month: Finance Minister

July 11, 2024 23:06

Pakistan's Finance Minister says the country is hoping to reach a deal with the IMF this month for a fresh bailout package, with talks progressing ''positively''.

Pakistan to Restructure USD 15 Billion Energy Debt with China

July 9, 2024 13:59

Pakistan seeks to restructure USD 15 billion energy debt owed to China, aiming to alleviate financial pressures and reduce electricity prices. The move comes amid ongoing economic challenges and a...

Sri Lanka Achieves USD 8 Billion Debt Relief: Wickremesinghe

July 5, 2024 18:52

Sri Lanka's President Ranil Wickremesinghe announced USD 8 billion in debt relief achieved through restructuring agreements with bilateral lenders, including India and China. The country is...

World Bank Vows to Support Sri Lanka's Economic Recovery

July 4, 2024 18:04

The World Bank's new Country Director for Sri Lanka, Nepal, and Maldives has pledged support for the nation's economic recovery, following its recent debt default. The meeting with President...

PM Sharif vows to end Pakistan's dependency on foreign aid and IMF bailouts

June 16, 2024 13:25

Pakistan Prime Minister Shehbaz Sharif pledges to end reliance on foreign aid and IMF bailouts, outlining bold economic reforms to revive the economy and reduce government expenses.

Sri Lanka, IMF Agree on Vehicle Import Ban Lift by 2025

June 15, 2024 18:44

Sri Lanka has presented the IMF with a roadmap to lift the ban on vehicle imports by 2025, starting with public passenger vehicles in 2024. The move aims to boost the economy and foreign exchange...

Sri Lanka Economic Recovery: IMF Highlights Reform Importance

June 14, 2024 17:49

The IMF releases the third tranche of Sri Lanka's bailout package, emphasizing the need for sustained reforms to achieve full economic recovery. The country's economy is showing signs of...

IMF Disburses USD 336 Million to Sri Lanka Amid Debt Concerns

June 13, 2024 14:32

The IMF has released the third tranche of USD 336 million to Sri Lanka as part of a USD 2.9 billion bailout package, despite concerns about debt sustainability and economic vulnerability.

Pakistan Defence Budget Increased by 15% in 2024-25

June 12, 2024 21:09

Pakistan's defence budget has been hiked by 15% in the 2024-25 budget, reaching Rs 2,122 billion. This comes amidst efforts to secure a loan from the IMF.

IMF 'Significant Progress' in Pakistan Bailout Talks

May 24, 2024 12:54

The IMF reports 'significant progress' in negotiations with Pakistan for a new bailout package. The agreement could involve up to USD 8 billion and focus on economic reforms.

Pakistan to Privatize PIA & SOEs for Economic Boost

May 22, 2024 17:13

Pakistan plans to privatize dozens of state-owned enterprises, including PIA, to secure an IMF bailout and revive its struggling economy. The move has generated controversy, with some arguing it's...

IMF Asks Pakistan for Transparency in Investment Council

May 21, 2024 15:49

The IMF has asked Pakistan to ensure transparency in the Special Investment Facilitation Council and share a draft investment policy as the country seeks a fresh bailout. The lender also inquired...

Pakistan Seeks $8 Billion IMF Bailout: Talks Begin

May 18, 2024 16:11

Pakistan is in talks with the IMF for a new $6-$8 billion bailout package, seeking to stabilize its economy after narrowly avoiding default last year. The IMF team is expected to stay in Pakistan...

Pakistan & IMF Begin Talks for New Bailout Package

May 14, 2024 17:06

Pakistan and the IMF have commenced negotiations for a new bailout package to address the country's fiscal challenges. The talks aim to secure a multi-billion dollar deal to stabilize the economy.

IMF Mission to Meet Pakistan for Economic Support

May 12, 2024 20:18

An IMF mission will visit Pakistan next week to discuss economic reforms and a potential new bailout package, aiming for better governance and stronger economic growth.

Pakistan Finance Minister: Privatisation Key to Economic Stability

May 12, 2024 18:11

Pakistan's Finance Minister emphasizes the need for privatization to achieve economic stability, amidst talks with the IMF for a fresh bailout package. Learn more about the government's plans for...

IMF Doubts Pakistan's Repayment Capacity as Support Team Arrives

May 11, 2024 11:18

The IMF expresses serious doubts about Pakistan's ability to repay its debts, highlighting risks from delayed reforms and high public debt. A support team has arrived in Islamabad to discuss a...

IMF Bailout Talks: Pakistan Seeks Larger Package

May 10, 2024 16:53

An IMF advance team has arrived in Pakistan to discuss a larger and longer bailout package. The IMF review mission is scheduled for May 16, with negotiations for a new loan program expected to...

IMF Approves $1.1 Billion Loan to Pakistan: Bailout && Economic Reforms

April 30, 2024 10:45

The IMF has approved a $1.1 billion loan to Pakistan as part of a bailout package, emphasizing economic reforms. This follows the completion of the second and final review of Pakistan's economic...

Pakistan to Negotiate New IMF Bailout Package - Dawn News

April 21, 2024 12:59

Pakistan's Finance Minister confirms IMF team will visit in May to discuss a new long-term bailout package. The country aims to secure a staff-level agreement by mid-July.

Pakistan Seeks IMF Bailout: USD 6-8 Billion Request

April 20, 2024 11:29

Pakistan has formally requested a new IMF bailout package of USD 6-8 billion, seeking to address its economic challenges and secure macroeconomic stability.

US Urges Pakistan to Prioritize Economic Reforms

April 19, 2024 17:50

The US has urged Pakistan to prioritize economic reforms to address its challenges during meetings with Finance Minister Muhammad Aurangzeb.

Imran Khan Urges IMF Audit Before Pak Bailout Talks

February 29, 2024 16:14

Imran Khan, Pakistan's former PM, has written to the IMF urging an audit of the recent elections before any bailout talks. He alleges election rigging and seeks IMF intervention for a fair assessment.

IMF to Work with New Pakistan Govt, Mum on Imran Khan's Election Audit Demand

February 23, 2024 18:05

The IMF is ready to work with Pakistan's new government to ensure macroeconomic stability, but remains silent on Imran Khan's demand for an election audit before approving any new loan.

IMF to Work with New Pakistan Govt, Ignores Imran Khan's Election Audit Demand

February 23, 2024 14:56

The IMF is ready to cooperate with Pakistan's new government for economic stability, but remains silent on Imran Khan's call for an election audit.

Imran Khan Urges IMF Audit Before Pakistan Loan

February 22, 2024 21:16

Jailed former Pakistani PM Imran Khan demands IMF audit of controversial elections before any loan, claiming vote rigging. His opponents criticize his move as harmful to the country.

Pakistan's New Government Faces Finance Minister Dilemma

February 21, 2024 12:54

Pakistan's new coalition government faces a critical decision on appointing a finance minister, with Ishaq Dar's experience and potential conflicts of interest weighing heavily.

IMF Visit to Pakistan Pending New Govt - Bailout Package Discussion

February 12, 2024 15:47

IMF delegation may visit Pakistan after a new government is formed to discuss a medium-term bailout package, crucial for completing the USD 3 billion Standby Arrangement. The visit will finalise...

Pakistan Receives $700m IMF Tranche Ahead of Elections

January 17, 2024 20:06

Pakistan receives $700 million from the IMF, the second tranche of a $3 billion bailout package, ahead of next month's elections. The loan will help the cash-strapped country avoid default.

Sri Lanka Must Stick to IMF Programme: Central Bank

December 30, 2023 13:03

Sri Lanka's central bank governor emphasizes the need to continue the IMF bailout program despite opposition claims. The IMF has already released the second tranche of the USD 2.9 billion package.

Lebanon Faces Recession: World Bank on Gaza War Impact

December 21, 2023 20:00

The World Bank warns that Lebanon's fragile economy, recovering from years of crisis, is likely to be pushed back into recession due to the Gaza war's ripple effects.

ADB Approves $200 Million Loan for Sri Lanka's Economic Recovery

December 8, 2023 18:50

The Asian Development Bank has approved a $200 million loan to help stabilize Sri Lanka's finance sector following a severe economic crisis. The loan aims to strengthen the banking sector and...

Samsung Galaxy S25: India Manufacturing, AI...

Samsung's new Galaxy S25 series will be manufactured in India, boasts enhanced AI...

Maharashtra Inks Rs 15 Lakh Cr MoUs at Davos

Maharashtra government signs 54 MoUs worth Rs 15.70 lakh crore at Davos, including a Rs...

Responsible AI Challenges: HCLTech-MIT Study

HCLTech and MIT study reveals challenges in adopting responsible AI, highlighting...

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