IMF News

IMF warns of trade tensions in global outlook downgrade

With uncertainty on the horizon, the IMF has downgraded its outlook for the world's economic output. It warned that US tariffs on European cars, a no-deal Brexit or a trade war with China could tank the global economy.

Christine Lagarde resigns as IMF chief

Christine Lagarde's resignation came two weeks after her nomination on July 2 for the ECB's top job. She did not immediately quit the IMF because of uncertainty over whether the new European Parliament would support her and other new EU leadership positions, sources told Reuters.


Pakistan facing 'significant economic challenges', economy at critical juncture: IMF

The global lender last week formally approved the USD 6 billion loan to Pakistan, which is facing "significant" economic challenges on the back of "large" fiscal and financial needs and "weak and unbalanced" growth.

IMF board approves $6 billion loan package for Pakistan

Just as important as the package itself, approval will also unlock an additional $38 billion from Pakistan's international partners over the programme period.

US expresses 'strong views' on IMF loan to Pakistan, pushes for 'conditionality'

Pakistan last month reached an agreement with the Washington-headquartered International Monetary Fund (IMF) for a USD 6 billion bailout package aimed at shoring up its finances and strengthening a slowing economy as tries to overcome a ballooning balance-of-payments crisis.

IMF's Lagarde warns US-China tariffs to slash global growth in 2020

Earlier on Wednesday, the IMF said current and threatened US-China tariffs could cut 2020 global gross domestic product by 0.5%, or about $455 billion -- a loss larger than G20 member South Africa's annual economic output.


Explained: Understanding Pakistan’s IMF bailout

Even as Pakistan continues its brinkmanship with India, its sliding economy has required the International Monetary Fund to bail it out for the 13th time in 3 decades. How dire is its financial state, how did it get here?

'Decisive' policies and reforms must for Pakistan's economic stability: IMF

Pakistan has faced an economic crisis with short supplies of foreign currency reserves and stagnating growth. In February, the central bank had only USD 8 billion left in foreign reserves.

Pakistan removes SBP Governor, FBR Chairman amid talks on IMF bailout package

A delegation of the IMF arrived in Pakistan on Monday to hold technical discussions for a bailout package to the cash-strapped country, days after Prime Minister Khan met IMF chief Christine Lagarde in China.

Pakistan finance minister to step down amid IMF bailout talks

Minister Asad Umar has been leading negotiations with the IMF for what would be Pakistan's 13th bailout since the late 1980s, but has faced criticism over a worsening economic outlook under his watch.