Ex-IMF chief Rato gets 4-yr jail term in Spain for tax crimes
A Madrid court on Friday said ex-IMF chief and Spanish聽economy聽minister Rodrigo Rato received a jail term of more than four years for tax crimes, money laundering and corruption.
Tags : IMF
IMF鈥檚 questionable moral authority and competence
AS PER media reports, representatives of the International Monetary Fund have termed the Bangladesh Bank鈥檚 recent decision to print Tk 22,000 crore (22.5 billion) to save weak banks and to ease liquidity crisis amidst inflationary pressure as 鈥榮uicidal.鈥�
Bangladesh seeks $6b from聽lenders for FY25
Finance adviser Saehuddin Ahmed on Tuesday said that he was expecting $1.1 billion from the International Monetary Fund in the next two months while expecting more funds against the demand for...
IMF concerned over high inflation in Bangladesh
The International Monetary Fund on Tuesday expressed deep concerns to the Bangladesh Bank over the persistently high inflation in the country...
Sri Lanka鈥檚 new leader sticks within IMF 鈥榞uardrails鈥�
Sri Lanka鈥檚 new leftist government has agreed to press ahead with a controversial IMF bailout programme that involves tough austerity and economic reforms, the international lender announced Saturday.
How BRICS redefines global cooperation
THE 16th BRICS summit in Kazan, Russia, felt like a deliberate contrast to the annual IMF and World Bank meetings taking place in Washington. The timing couldn鈥檛 have been more telling. The optics of this contrast were hard to miss, giving off the impression of a bloc standing firmly apart from the US-dominated global order. While the West may see Kazan...
IMF predicts slightly slower global growth in 2024, 2025
Global growth is expected to ease slightly to 3.2 per cent this year and remain at that level in 2025, the IMF announced Tuesday, while warning that the stable figures masked...
Global public debt expected to exceed $100t this year: IMF
Global public debt is expected to reach a record $100 trillion this year, the IMF said Tuesday, warning that the fiscal outlook for many countries may be even 鈥榳orse than expected.鈥�
Sri Lanka needs to protect hard-won gains: IMF
Sri Lanka鈥檚 painful austerity measures were 鈥榖earing fruit鈥� and must be sustained, the International Monetary Fund said Friday as the country鈥檚 new president sought changes to...
Formation of interim govt timely: IMF
The International Monetary Fund on Monday said that the timely formation of an interim government in Bangladesh had helped stabilise the political and security conditions, fostering a gradual return to normalcy in the economy...
IMF says ready for talks with Sri Lanka鈥檚 new govt
The International Monetary Fund is ready to discuss its controversial $2.9 billion bailout programme for Sri Lanka with the country鈥檚 new government, a spokesman said...
Amount of fresh IMF loan not yet fixed: Salehuddin聽聽聽
Finance, commerce, and science and technology adviser Salehuddin Ahmed on Tuesday said that the government was yet to decide how much fresh loan would be sought to the...
IMF starts weeklong Bangladesh mission today
The International Monterey Fund will start a weeklong mission in Dhaka to negotiate over an extra $3 billion loan sought by the interim government in budget support.
Sri Lanka frontrunner won鈥檛 tear up IMF deal: party
The party of a Marxist leader on track to win Sri Lanka鈥檚 presidential vote vowed Sunday not to scrap the country鈥檚 unpopular $2.9 billion IMF bailout agreement, but instead renegotiate it...
Cash-strapped Maldives says no need for IMF bailout
The Maldives says its financial troubles are 鈥榯emporary鈥� and the luxury tourist destination has no plans to seek an International Monetary Fund bailout after warnings of a possible sovereign default...
Desperate people cannot be pushed too much by either government or IMF
SRI Lanka has so far been spared the riots and political instability that has rocked other countries facing debt repayment crises. Kenya and now Bangladesh have seen large scale rioting and popular uprisings that are directly the consequence of economic problems that have sharpened the pain felt by the masses of people...
IMF loan programme to continue despite regime change
The International Monetary Fund will continue its ongoing $4.7 billion loan programme in Bangladesh despite the students-led mass demonstration that stepped Sheikh Hasina down as prime minister on Monday...
IMF cuts next tranche by $125m
International Monetary Fund has revised down the loan amount by around $125 million for the next tranche under the ongoing $4.7 billion loan programme Bangladesh has taken amid the shortage of foreign currencies...
IMF maintains 2024 global growth forecast, warns of inflation risk
The IMF held its global growth expectations for 2024 steady in a report Tuesday even as it cut forecasts for the United States and Japan, while warning of inflation risks and trade tensions ahead...
Pakistan to get $7b IMF aid
The International Monetary Fund has agreed to loan Pakistan $7 billion to bolster its faltering economy, with Islamabad pledging Saturday it would be the last time it...
Bangladesh鈥檚 int鈥檒 reserves over $16b: BB
Bangladesh Bank on Tuesday confirmed that the country鈥檚 international reserves have now surpassed $16 billion, with gross reserves totalling around $26 billion....
IMF slightly downgrades US economic forecast for 2024
The IMF said Thursday it expects the US聽economy聽to grow a bit more slowly than previously forecast, while praising the way it has remained 鈥榬obust, dynamic, and adaptable to changing global conditions.鈥�...
Reinforce asset declaration by public officials to combat high-level corruption: IMF聽聽聽聽聽
The International Monetary Fund has recommended the government reinforce the asset declaration process for public officials to combat high-level corruption effectively....
Sri Lanka set to sign key debt deals with lenders
Sri Lanka has finalised long-delayed debt deals with its bilateral lenders, including China, to meet a key condition of an IMF bailout, the government said Tuesday...
IMF approves release of $1.1b to Bangladesh
The International Monetary Fund on Monday approved disbursement of $1.12 billion to Bangladesh under the current $4.7 billion loan programme.
IMF to review $1.15 billion loan to Bangladesh in June
The International Monetary Fund on Friday said that its board meeting on June 24 would review the disbursement of $1.15 billion to Bangladesh.
IMF lifts China growth forecast but warns on industrial policy
The International Monetary Fund on Wednesday raised its yearly growth forecast for China, but warned that Beijing鈥檚 industrial policy risks a 鈥榤isallocation鈥� of resources and could harm trade...
Improved international financial architecture needed
THIS year鈥檚 International Monetary Fund and World Bank Group Spring Meetings opened amidst news of two startling findings...
Maldives gets IMF debt warning as more Chinese loans loom
The International Monetary Fund warned the Maldives against looming 鈥榙ebt distress鈥� Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China....
IMF to release $1.1 billion soon, calls for further reforms in Bangladesh
The International Monetary Fund on Wednesday said it had reached a staff-level agreement to release around $1,152 million as the third tranche under the ongoing $4.7 billion loan programme with Bangladesh...