ADB lowers South Korea’s 2025 growth forecast to 2 percent
The ADB lowered South Korea's 2025 growth forecast to 2%, citing a semiconductor slump despite rate cuts and policies. The projection aligns with IMF and...
Tag : IMF
IMF’s 2024 global growth forecast highlights U.S. resilience
IMF boosts 2024 global growth forecast by 0.2 points to 3.1%, crediting U.S. resilience and Chinese fiscal action....
IMF highlights AI’s threat to 40% of global jobs, rising inequality
The IMF reports that 40% of global jobs may be affected by AI, worsening job inequality, coinciding with the World Economic Forum in Davos....
Pakistan drowns in economic turmoil and terrorism despite IMF lifeline
In a recent move to help stabilize Pakistan’s severe economic crisis, the International Monetary Fund (IMF) has sanctioned a nine-month Stand-by Arrangement of US$3 billion....
Pakistan’s economy suffers major setback as IMF denies $6 billion loan
The International Monetary Fund (IMF) has dealt another blow to Pakistan’s economy by rejecting the country’s claim of fulfilling the conditions necessary to secure a...
World Bank and IMF leaders to discuss global economic challenges at 2023 spring meetings
World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva will launch the 2023 Spring Meetings in Washington, D.C. with a discussion on...
A third of world economies will be in recession by 2023 – IMF chief
The International Monetary Fund (IMF) chief Kristalina Georgieva warns that this year will be tougher on the global economy than last year. In a CBS...
Debt forgiveness by late 2023, IMF staff agreement with Somalia
A team from the International Monetary Fund (IMF) reached an agreement with Somalia that will allow the release of about $10 million to that country...
Asian central banks have been urged by the IMF to tighten policy further
The International Monetary Fund has stated that most Asian central banks must tighten monetary policy further. This is because rising commodity prices and their currencies’...
Emergency aid of $160 million to be sought by the UN for Pakistan floods
It is anticipated that the United Nations (UN) and Pakistan will appeal on behalf of the nearly half a million displaced persons as a result...