IMF Announced Conditions for Pakistan Loan
The UN agency noted that a further deterioration of ties with India could “heighten risks to the fiscal, external and reform goals of the programme”.
IMF
Pakistan: Drowning in debts and floods
Pakistan in the immediate past has experienced three major crises. – two of which were caused by natural hazards — the 2005 earthquake, which impacted 3.5 million people and the 2010 floods which affected more than 20 million people.
When India had opposed the veto power of the P5
On this day – June 26 – in 1945, India became a founder of the United Nations (UN) along with 50 other member-states.
‘Less severe’ but ‘still deep’ recession predicted: IMF
According to the report, with the COVID-19pandemic continuing to spread, many countries have slowed reopening, and some are reinstating partial lockdowns.
G7 supports extension of G20 debt freeze, calls for reforms to address ‘shortcomings’
In a joint statement, the ministers from the Group of Seven advanced economies said they “strongly regret” moves by some countries to skip participation by classifying their state-owned institutions as commercial lenders.
Global economy to contract by 5.2 per cent in 2020 as coronavirus continues to spread: Report
According to Dun and Bradstreet’s Country Risk and Global Outlook Report, that covered 132 countries, the wider global context remains sombre and the global economy will not reach pre-pandemic levels of activity again before 2022.
‘What’s the point of staying?’: Gulf faces expatriate exodus
The Middle East is headed for an economic downturn this year that dwarfs 2008 and 2014/2015 as countries are hit by the double blow from coronavirus closures and record low oil prices
Middle East’s $2 trillion wealth could be gone by 2034: IMF
Saudi Arabia, the U.A.E. and Kuwait are the biggest producers in the GCC and are all OPEC members. Risks differ for the GCC states, which also include Qatar, Oman and Bahrain.
Brasilia BRICS summit stresses on multilateralism, reforms, anti-protectionism
The declaration also came down heavily against terrorism.
Photo: Agencies
IMF Chief visits Uzbekistan
In what is a testimony to Uzbekistan’s rising international profile, especially in trade and economics,