Context The International Monetary Fund (IMF) has warned that Maldives needs “urgent and stronger” fiscal consolidation to salvage its troubled economy despite a thriving tourism industry. The IMF said overall fiscal deficits and public debt are projected to stay elevated …
Context The International Monetary Fund (IMF) has approved a $7bn loan to cash-strapped Pakistan. The new programme “will require sound policies and reforms” to stabilise and help make the economy more resilient. The country has relied on IMF loans to …
About IMF The International Monetary Fund (IMF) was set up in 1945 out of the Bretton Woods conference. The primary goal of the IMF back then was to bring about international economic coordination to prevent competing currency devaluation by countries …