IMF Loans News Monitoring

IMF reduces penalties on Kenyan loans, Nairobi to save over KSh 16b

IMF deputy managing director Nigel Clarke concluded his visit to Nairobi after holding talks with President William Ruto Clarke revealed that the Bretton Woods institution had raised the ceiling where poor countries were penalised for exceeding their …

NFC Award changed Pakistan’s fiscal position amid high-interest loans, Senate panel told

The Federal Finance Secretary, Imdad Ullah Bosal, informed the Senate Standing Committee on Finance on Wednesday that the current National Finance Commission (NFC) Award has significantly distorted Pakistan’s fiscal position, pushing the federal government …

IMF approves new K1 billion loan for Papua New Guinea

Washington: The International Monetary Fund has announced a new loan to help Papua New Guinea improve its climate resilience. The International Monetary Fund has approved a new two-year loan arrangement for Papua New Guinea for about US$259 million (about …

Sri Lankan parliament unanimously approves IMF austerity measures

After two days of debate on December 3–4, the Sri Lankan parliament, without taking a vote, unanimously endorsed the policy statement of the Janatha Vimukthi Peramuna/National People’s Power (JVP/NPP) government, presented by the President Anura …

NFC award: govt official says IMF has attached no conditions

ISLAMABAD: The Senate Standing committee on Finance and Revenue, while observing increasing distortions in resources distribution under the 7th National Finance Commission (NFC) Award, asked Finance Minister Muhammad Aurangzeb to call a meeting of the …

No urgency to seek fresh loans, says Aurangzeb

ISLAMABAD: Conceding almost a record five per cent interest rate on $7bn loan from the International Monetary Fund (IMF), the government said on Wednesday the external financing gap had been met for the current year, leaving no urgency to access …

Here’s How Much Interest Pakistan Will Pay on IMF Loan

Pakistan will pay around a 5 percent interest rate on the International Monetary Fund’s (IMF) $7 billion new bailout package.   According to information obtained by ProPakistani, the tenor includes a grace period is 10 years with payment to be made in 12 …

US Treasury sends $20 billion loan to support Ukraine economy

In a decisive move to secure its financial support for Ukraine, the US Treasury Department announced on December 10 the disbursement of a $20 billion loan to Kyiv. The funds, aimed at covering over half of Ukraine’s current budget deficit, form part of a …

Nigeria to receive $500m World Bank loan for education, healthcare

From Isaac Anumihe, Abuja The federal government is set to benefit from a $500 million loan facility from the World Bank for the Human Capital Opportunities for Prosperity and Equity (HOPE) project in the country. The Minister of Budget and Economic …

IMF offers extra $1b for reforms

The International Monetary Fund (IMF) has offered an additional $1 billion to Bangladesh but the government is pushing for at least $2 billion to implement the interim government's reform agenda, narrow the deficit in the current account and shore up …

IMF approves new $A407m loan for Papua New Guinea

"The program will continue to support Papua New Guinea's reform agenda, help protect the vulnerable and foster inclusive growth, with a focus maintained on strengthening debt sustainability, alleviating FX shortages, and enhancing governance and …

Pakistan Faces Surge in Gas Prices, Inflation Hits Essentials Amid IMF Reforms

The Pakistan Bureau of Statistics (PBS) has reported an unprecedented 850 percent increase in gas prices over the past four months, contributing to a sharp rise in inflation across the country. During a session of the National Assembly, led by Deputy …

ADB approves $600m policy-based loan

A fast-delivery credit of US$600 million has been approved by the Asian Development Bank (ADB) for budget and reform supports to enable Bangladesh weather transitional economic impacts and boost forex reserves. The Board of the Manila-based lender endorsed …

The International Monetary Fund: an ABC 2.0

Like the World Bank World Bank WB The World Bank was founded as part of the new international monetary system set up at Bretton Woods in 1944. Its capital is provided by member states’ contributions and loans on the international money markets. It financed …

Business Daily » Kenya saves Sh16.8bn as IMF eases loan penalties

ADB, Solomon Islands Sign $30 Million Loan to Improve Fiscal Sustainability, Climate Change Resilience

MANILA, PHILIPPINES (11 December 2024) — The Asian Development Bank (ADB) and the Government of Solomon Islands have signed a $30 million policy-based concessional loan to strengthen reforms focused on improving the country’s fiscal position as well as …

We would not have gone to IMF had gov’t invested in sports – Ghana Arm-wrestling president

President of the Ghana Arm wrestling Federation, Charles Asibey has claimed that the government could have averted the economic crisis that necessitated the International Monetary Fund, if it had invested in sports. In 2022, president Akuffo-Addo announced …

Govt committee recommends restructuring economic authorities to align with IMF recommendations, better track debt

FILE PHOTO: A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, US, May 10, 2018. REUTERS/Yuri Gripas/File Photo   In what could be an overhaul to the state economic structure, a government committee …

IMF urges Kenya to fix fiscal framework, cut debt vulnerabilities to spur growth

NAIROBI, Dec. 11 (Xinhua) -- The International Monetary Fund (IMF) has called on Kenya to strengthen its fiscal framework and reduce debt vulnerabilities to improve the country's resilience against economic and climate shocks. IMF Deputy Managing …

Charter Air Direct Announces First Roundtrip Route Between Anguilla and San Juan, Puerto Rico

Charter Air Direct is proud to announce that it has arranged new jet charter air service with Freedom II Bermuda Limited BRITISH WEST INDIES, ANGUILLA, December 12, 2024 /⁨EINPresswire.com⁩/ -- Charter Air Direct is proud to announce that it has …

VizConnect, Inc. ($VIZC: OTC) Welcomes Sam Patel as Strategic Business Advisor

VizConnect, Inc. (OTCMKTS:VIZC) PORTLAND, ME, UNITED STATES, December 12, 2024 /⁨EINPresswire.com⁩/ -- VizConnect, Inc., a leader in innovative business solutions, proudly announces the addition of Sam Patel as a Strategic Business Advisor. Sam’s …

‘Saudi, Welcome to Arabia’ Gears Up to Welcome the World for FIFA World Cup™ 2034

‘Saudi, Welcome to Arabia’ Gears Up to Welcome the World for FIFA World Cup™ 2034 RIYADH, SAUDI ARABIA, December 12, 2024 /⁨EINPresswire.com⁩/ -- Following the official announcement of Saudi as the host country for the FIFA World Cup™ 2034 today, …

Global Nucleic Acid Amplification Testing Market To Reach $16.77 Billion By 2028 With A Growth Rate Of 15.1%

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Global Obstructive Laryngitis Treatment Market Set For 5.7% Growth, Reaching $2.44 Billion By 2028

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Global Oil Filter Market To Reach $5.57 Billion By 2028 With A Growth Rate Of 7.2%

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Major Online Counseling Market Trend 2024-2033: The Spatial OMICS Sector Creating State-of-the-Art Technologies

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Land-Based Wind Turbines Enhancing Renewable Energy Generation: Key Trend in the Onshore Wind Turbine Market 2024

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Top Growth Driver in the Orange Terpenes Market 2024: Rising Demand For Organic Products Fuels Market Growth

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Global Organic Seed Market Set For 10.9% Growth, Reaching $6.68 Billion By 2028

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Global Osteoarthritis Therapeutics Market Outlook 2024-2033: Growth Drivers, Share, And Trends

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Global Over The Counter Analgesics Market To Reach $40.88 Billion By 2028 With A Growth Rate Of 6.2%

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Online Graphic Design Software Global Market Anticipated to Reach $14.91 Billion by 2028 With CAGR of 11.4%

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Global Onshore Wind Energy Market Set to Reach $67.79 Billion At a CAGR of 5.7% By 2028

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Growing Demand For Renewable Energy: A Key Driver Transforming the Onshore Wind Power Market 2024

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Revolutionizing the Oral Proteins And Peptides Market in 2024: Breakthrough Oral Insulin Technologies In Diabetes Care

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Orthodontic Consumables Market Report: Projected to Grow Strongly at a CAGR of 6.6% to Reach an Estimated $3.68 Billion

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Global Orthopedic Bone Cement Market Anticipates a Steady Rise to $0.25 Billion At a CAGR of 6.1% By 2028

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Analysis Of The Global Operating Room Management Market: Key Drivers, Growth Opportunities, And Forecast 2024-2033

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Growing Demand For Tourism: Key Driver Transforming the Minibus Market in 2024

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