International Monetary Fund (IMF)
$3 Billion Stand-By Arrangement (SBA) between Pakistan and IMF
The Pakistan government has reached a staff-level agreement with the International Monetary Fund (IMF) for a funding of $3 billion. The agreement is part of a nine-month stand-by arrangement (SBA) between the two parties. Pakistan was previously part of a ..
Month: Current Affairs - July, 2023
Category: International / World Current Affairs
Sri Lanka’s State Owned Enterprise Reform Policy
Sri Lanka has recently given the green light to the reorganization of its state-owned enterprises, with the goal of enhancing government finances and expediting the country’s economic revival. The International Monetary Fund (IMF) extended a significant bailout facility of nearly ..
Month: Current Affairs - May, 2023
Category: International / World Current Affairs
“Geoeconomic Fragmentation: Sub-Saharan Africa Caught between the Fault Lines” Report
The IMF has recently released a report titled “Geoeconomic Fragmentation: Sub-Saharan Africa Caught between the Fault Lines”. Key Findings of the Report Sub-Saharan African economies may face a long-term decline of as much as 4% of their gross domestic product ..
Month: Current Affairs - May, 2023
Category: Reports & Indexes Current Affairs
“Stacking up the Benefits Lessons from India’s Digital Journey” Report
India’s development of a “world-class digital public infrastructure” has been lauded by the International Monetary Fund (IMF) in a working paper titled ‘Stacking up the Benefits Lessons from India’s Digital Journey.’ The paper credits India’s building block approach and focus ..
Month: Current Affairs – April, 2023
Category: Reports & Indexes Current Affairs
IMF’s $15.6 Billion Loan For Ukraine
The International Monetary Fund (IMF) has approved a loan program worth $15.6 billion for Ukraine as part of a larger $115 billion package to aid its war-torn economy. With one-third of Ukraine’s population displaced, the IMF’s support comes as a ..
Month: Current Affairs – April, 2023
Category: International / World Current Affairs
What are IMF Bailouts?
The International Monetary Fund (IMF) is an international organization that provides financial assistance to member countries facing economic crises. The organization works towards maintaining international monetary cooperation, promoting exchange rate stability, and facilitating international trade. IMF lending comes with strict ..
Month: Current Affairs - March, 2023
Category: International / World Current Affairs
Uganda’s First Oil Drilling Program
Uganda has one of the largest oil reserves in the Saharan desert according to the International Monetary Fund. Oil was discovered in Uganda twenty years back. But the production was delayed due to a lack of funds and infrastructure. With ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs • Environment Current Affairs • International / World Current Affairs
Latest Updates of IMF’s World Economic Outlook
The International Monetary Fund (IMF), in its World Economic Outlook, slashed its FY23 growth forecast for India from its July projection of 7.4 percent to 6.8 percent. What are the key takeaways of the report? Indian Economy IMF has cut ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs