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IMF
Army members travel on an armoured car on the main road after the curfew was extended for another extra day following a clash between Anti-government demonstrators and Sri Lanka’s ruling party supporters, amid the country’s economic crisis, in Colombo, Sri Lanka, on 11 May 2022

Sri Lanka president warns of racial tension amid economic crisis

It was not immediately clear what prompted the president’s warning

Sri Lankan President Gotabaya Rajapaksa

Sri Lanka at crossroads as president declares state of emergency

Sri Lanka's political tangle has to be resolved urgently to solve the underlying economic problems

In this file photo taken on 15 April 2020 a sign is seen outside the headquarters of the International Monetary Fund (IMF) in Washington, DC.

IMF asks Sri Lanka to restructure debt before bailout

Colombo’s existing debt also means the country cannot apply for emergency financing, the IMF said

Demonstrators hold Sri Lankan national flags and shout slogans during a protest against Sri Lankan President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country's economic crisis, in Colombo, Sri Lanka, on 16 April 2022

IMF to consider request for rapid aid for Sri Lanka

IMF will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka's finance ministry said on Tuesday

People shout slogans during an ongoing anti-government demonstration near the president's office in Colombo on 17 April, 2022, demanding President Gotabaya Rajapaksa’s resignation over the country's crippling economic crisis.

Sri Lanka fuel prices up ahead of IMF talks

A key fuel retailer in Sri Lanka raised prices by up to 35 per cent on Monday as the cash-strapped government was set to open crucial bailout talks with the IMF

A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, 12 October 2018.

Crises slowing economic growth worldwide: IMF chief

The war in Ukraine has undercut the global recovery, slowing expected economic growth in most countries in the world, IMF Managing Director Kristalina Georgieva said Thursday

People stand in a long queue to buy kerosene oil due to shortage of domestic gas as a result of country's economic crisis, at a fuel station in Colombo, Sri Lanka 18 March, 2022

IMF prescribes tax raise, social safety measures to Sri Lanka for financial stability

The IMF made the recommendations in its staff report made for the global lender’s Executive Board following the conclusion of its Article IV consultations with Sri Lanka

A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, 12 October 2018.

Russian board member suspended from dean role over Ukraine war: IMF

The International Monetary Fund's executive board has temporarily suspended the largely ceremonial role of dean, held by Russian executive director Aleksei Mozhin, due to Russia's invasion of ...

In this file photo an exterior view of the building of the International Monetary Fund (IMF), with the IMG logo, is seen on 27 March 2020 in Washington, DC

IMF's tough terms deepen doubts over quick Lebanon bailout

The IMF has asked Lebanon to fulfil a string of pre-conditions before negotiating a bailout, four sources briefed on recent talks said, pressing for steps Beirut has long failed to deliver and ...

Argentina pays IMF $370m in debt interest

Argentina pays IMF $370m in debt interest

Argentina on Friday paid $370 million to the IMF as interest on a $44 billion debt that was rescheduled late last month, officials said.

German Bundesbank President Jens Weidmann attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany on 22 November 2019.

IMF taps ex-Bundesbank chief to lead oversight panel after scandal

The International Monetary Fund said on Friday it has appointed Germany's former Bundesbank president Jens Weidmann to lead a new external panel to strengthen institutional safeguards in the wake of ...

A woman weaves a carpet in a home workshop in Peshawar, Pakistan, on 13 January 2022

Pakistan to face full-fledged financial crisis by end of fiscal year: PRG

If the IMF programme does not revive by the end of January or early February 2022, then a full-fledged crisis will be knocking at the doors of Pakistan’s struggling economy by end of the current ...

A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, 12 October 2018.

IMF warns of interest rate risks as global debt hits $226 trillion

Global debt surged to $226 trillion last year, its biggest one-year jump since World War Two, and will be put at risk if global interest rates rise faster than expected and growth falters, the ...

IMF chief says omicron could dent global economic growth

IMF chief says omicron could dent global economic growth

The International Monetary Fund is likely to lower its global economic growth estimates due to the new omicron variant of the coronavirus, the global lender's chief said at the Reuters Next ...

Defaulted loans: Another ‘success,’ 5 times increase in just 12 yrs

Defaulted loans: Another ‘success,’ 5 times increase in just 12 yrs

The amount of defaulted loans in the country’s banking sector has crossed Tk 1000 billion now. In case you do not have a calculator nearby to assess the amount, at least four Padma bridges could have ...

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