IMF

IMF says it reaches a staff level agreement with Pakistan to disburse $1.1b

Pakistan and the International Monetary Fund on Wednesday reached a staff level agreement which, if approved by its board, will disburse $1.1 billion for the debt-ridden South Asian economy, the global lender said..The funds are the final tranche of a $3 billion last-gasp rescue package Pa
20 March 2024, 06:46 AM

IMF launches leadership search with Georgieva tipped for 2nd term

Georgieva, 70, has run the IMF since 2019, and indicated last week that she would be "honored" to helm the organization once more
14 March 2024, 05:40 AM

Red Sea container shipping down 30% over attacks: IMF

Container shipping through the Red Sea has dropped by nearly one-third this year as attacks by Yemen's Huthi rebels continue
1 February 2024, 10:59 AM

IMF's Georgieva says Americans should 'cheer up' about falling inflation

IMF's managing director Kristalina Georgieva is hopeful about the US economy as inflation declines further
3 January 2024, 06:21 AM

Inflation shock: A weaker taka accounts for half of it

The pass-through of a sharp depreciation of the local currency accounted for half of the inflation surge seen in Bangladesh in the last financial year, according to the International Monetary Fund (IMF)
25 December 2023, 00:00 AM

Debt burden gets heavier as Bangladesh runs low on capacity to repay

Bangladesh’s debt service to revenue ratio to cross the 100 percent mark for the first time owing to rising loans, lower tax and export receipts
21 December 2023, 00:10 AM

Sri Lanka's second review of $2.9 bln IMF bailout possible in first half of 2024 - official

The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue targets set under the programme, an official said on Wednesday.
13 December 2023, 07:33 AM

IMF upgrades China's 2023, 2024 GDP growth forecasts

The International Monetary Fund on Tuesday upgraded its 2023 gross domestic product growth forecast for China to 5.4 percent from 5 percent, citing a "strong" post-COVID-19 recovery, but said the fund still expected the world's second-biggest economy to slow next year.
7 November 2023, 08:15 AM

Fixing global economic governance

Rarely have the shortcomings of world leaders and existing institutional arrangements been so glaringly obvious.
26 October 2023, 03:00 AM

IMF concerned for loss of lives, economic slowdown from Mideast conflict, chief says

 The Internatinal Monetary Fund (IMF) is concerned about the tragic loss of lives in the epicenter of the Israel-Gaza war and the destruction and reduction of economic activity, managing director Kristalina Georgieva said at an investment conference on Wednesday.
25 October 2023, 06:44 AM

Why Bangladesh Bank's inflation control policy is falling short

One key factor hampering the effectiveness of BB's policies is the delay in decision-making and significant transmission lags.
25 October 2023, 03:00 AM

How stable is the global financial system really?

The global financial system looks stable, because central banks have shifted more and more debt onto their books.
21 October 2023, 10:00 AM

Market-driven exchange rate not before national polls

The exchange rate volatility and its strain on the foreign currency reserves would not disappear anytime soon after Bangladesh Bank Governor Abdur Rouf Talukder yesterday said a floating US dollar rate would not be materalised before the upcoming national election.
18 October 2023, 18:03 PM

IMF defends revising down GDP forecast

International Monetary Fund (IMF) has defended revising down its forecast for Bangladesh’s GDP growth in fiscal year 2023-24, saying it was “pretty reasonable” amidst various ongoing challenges, including elevated inflation.
14 October 2023, 13:31 PM

IMF discusses subsidies with Power Division

A visiting delegation of the International Monetary Fund (IMF) held a meeting with senior Power Division officials yesterday mainly over subsidies, reports UNB.
12 October 2023, 19:23 PM

Lending, exchange rates still not market-driven: IMF

Bangladesh Bank introduced a new formula in June to determine the lending interest rate and brought about a single exchange rate recently but both are yet to be determined by the open market, the International Monetary Fund (IMF) has said.
12 October 2023, 02:58 AM

Life after #GotaGoHome

Among four South Asian nations, Sri Lanka performed the best in containing high inflation.
11 October 2023, 03:00 AM

IMF cuts Bangladesh’s economic growth forecast to 6%  

The International Monetary Fund (IMF) has revised down growth forecast for Bangladesh’s economy to 6 percent for the fiscal year 2023-24, lower from its previous projection of 6.5 percent.
10 October 2023, 09:00 AM

IMF’s $4.7b loan: Two of 6 major conditions missed

Bangladesh has failed to meet two of the six quantitative targets set for the first half of 2023 by the International Monetary Fund for the $4.7 billion loan, with one of them being a mandatory condition.
8 August 2023, 18:00 PM

Pakistan clinches last-gasp $3 billion IMF bailout

Pakistan secured a badly-needed $3 billion short-term financial package from the International Monetary Fund on Friday, giving the South Asian economy a much-awaited respite as it teeters on the brink of default.
1 July 2023, 06:28 AM