Bailout
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IMF Tightens Noose On Pakistan's $7 Billion Bailout, Imposes New Conditions
Troubles seem to be chasing the cash-strapped Pakistan, with the International Monetary Fund (IMF) slapping 11 new conditions on Islamabad under its $7 billion bailout programme to crack down on corruption.
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IMF, Pakistan Reach Staff-Level Deal On $1.2 Billion Payout
The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Pakistan on its loan program, which would allow the country to access $1.2 billion after approval from the fund's board.
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Pakistan Misses 3 Out Of 5 IMF Targets Before 2nd Review Of $7 Billion Loan
Pakistan has missed three out of the five targets set by the International Monetary Fund (IMF) for the second review of the USD 7 billion bailout package, a media report said on Wednesday.
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Despite India's "Terror Sponsorship" Objection, IMF's $1-Billion Bailout For Pak
Pakistan on Friday night claimed the International Monetary Fund had authorised the "immediate disbursement" of a billion-dollar bailout to its troubled economy.
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IMF Confirms That Cash-Strapped Pakistan Is Seeking 24th Bailout
Announcing the staff-level agreement on the successful completion of the existing short-term facility, the IMF has confirmed that cash-strapped Pakistan is seeking a 24th medium-term bailout package.
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Pakistan, IMF Reach Agreement Over $1.1 Billion Payment: Report
The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.
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Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
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New Zealand Bails Out Cash-Strapped Universities
New Zealand on Tuesday announced a multi-million-dollar bailout for cash-strapped universities, in the hope of preventing jobs and courses from being cut at institutions struggling to bounce back from the pandemic.
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Cash-Strapped Pak Gets $1 Billion Loan From China Amid IMF Bailout Delays
In a major relief to the cash-strapped country, Pakistan received USD 1 billion from China, ARY News reported citing the State Bank of Pakistan.
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Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
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IMF Approves $2.9 Billion Bailout For Sri Lanka
Sri Lanka's president said Monday that the International Monetary Fund has approved its request for a $2.9 billion bailout, raising hopes for an easing of the island nation's dire economic crisis.
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Ahead Of IMF Bailout, Sri Lanka Seeks "10-Year" Time To Repay Debt
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a desperately needed $2.9 billion IMF bailout.
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Desperate For Bailout, Pak To Seek US Help For Staff-Level Deal With IMF
Following the delay in the staff-level agreement with the International Monetary Fund (IMF), Pakistan has decided to seek US help for the revival of the stalled loan programme, ARY News reported, citing sources.
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"Not Going To Do That Again": US Rules Out Silicon Valley Bank Bailout
Following Silicon Valley Bank's disclosure, investors punished the banking sector in total on Thursday, but by Friday, shares in some larger banks posted gains.
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Crisis-Hit Lanka Says China To Restructure Loans For Securing IMF Bailout
China's Exim bank "sent a letter to the IMF" expressing its willingness to "restructure" credit to Sri Lanka, President Ranil Wickremesinghe told parliament.
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IMF Tightens Noose On Pakistan's $7 Billion Bailout, Imposes New Conditions
Troubles seem to be chasing the cash-strapped Pakistan, with the International Monetary Fund (IMF) slapping 11 new conditions on Islamabad under its $7 billion bailout programme to crack down on corruption.
-
IMF, Pakistan Reach Staff-Level Deal On $1.2 Billion Payout
The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Pakistan on its loan program, which would allow the country to access $1.2 billion after approval from the fund's board.
-
Pakistan Misses 3 Out Of 5 IMF Targets Before 2nd Review Of $7 Billion Loan
Pakistan has missed three out of the five targets set by the International Monetary Fund (IMF) for the second review of the USD 7 billion bailout package, a media report said on Wednesday.
-
Despite India's "Terror Sponsorship" Objection, IMF's $1-Billion Bailout For Pak
Pakistan on Friday night claimed the International Monetary Fund had authorised the "immediate disbursement" of a billion-dollar bailout to its troubled economy.
-
IMF Confirms That Cash-Strapped Pakistan Is Seeking 24th Bailout
Announcing the staff-level agreement on the successful completion of the existing short-term facility, the IMF has confirmed that cash-strapped Pakistan is seeking a 24th medium-term bailout package.
-
Pakistan, IMF Reach Agreement Over $1.1 Billion Payment: Report
The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.
-
Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
-
New Zealand Bails Out Cash-Strapped Universities
New Zealand on Tuesday announced a multi-million-dollar bailout for cash-strapped universities, in the hope of preventing jobs and courses from being cut at institutions struggling to bounce back from the pandemic.
-
Cash-Strapped Pak Gets $1 Billion Loan From China Amid IMF Bailout Delays
In a major relief to the cash-strapped country, Pakistan received USD 1 billion from China, ARY News reported citing the State Bank of Pakistan.
-
Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
-
IMF Approves $2.9 Billion Bailout For Sri Lanka
Sri Lanka's president said Monday that the International Monetary Fund has approved its request for a $2.9 billion bailout, raising hopes for an easing of the island nation's dire economic crisis.
-
Ahead Of IMF Bailout, Sri Lanka Seeks "10-Year" Time To Repay Debt
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a desperately needed $2.9 billion IMF bailout.
-
Desperate For Bailout, Pak To Seek US Help For Staff-Level Deal With IMF
Following the delay in the staff-level agreement with the International Monetary Fund (IMF), Pakistan has decided to seek US help for the revival of the stalled loan programme, ARY News reported, citing sources.
-
"Not Going To Do That Again": US Rules Out Silicon Valley Bank Bailout
Following Silicon Valley Bank's disclosure, investors punished the banking sector in total on Thursday, but by Friday, shares in some larger banks posted gains.
-
Crisis-Hit Lanka Says China To Restructure Loans For Securing IMF Bailout
China's Exim bank "sent a letter to the IMF" expressing its willingness to "restructure" credit to Sri Lanka, President Ranil Wickremesinghe told parliament.
