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IMF allocates $1.3 billion for financial support to Ukraine

October 8, 2022 Vinayak Barot

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New Delhi: The Executive Board of the International Monetary Fund (IMF) on Friday approved the disbursement of $1.3 billion to Ukraine, the organization said in a statement. The funds will be provided “under the food shock window of the Rapid Financing Instrument (RFI) to help meet Ukraine’s urgent balance of payments needs.” The organization projects the […]

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The World Bank Denies New Fund to Sri Lanka, Financial Crisis Expected to Surge

July 30, 2022 Vinayak Barot

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New Delhi: The financial instability in the island country Sri Lanka, may surge to a new level in the coming few days as the world bank has denied new funds to the Colombo government. “The World Bank will not release any fresh funding to Sri Lanka unless the nation does not undertake deep structural reforms,” said […]

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Sri Lanka Turns Toward India, Invites Indian Investments in the Country

January 18, 2022 Vinayak Barot

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_Vinayak Barot New Delhi: The unbearable financial burden of China on Sri Lanka – damaged its economy in the last few years. After facing problems in repayment of loans to China – the Colombo government turned toward India and invited the Indian investment in the island country. Sri Lankan Finance Minister Basil Rajapaksa held talks […]

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Pakistan Economy may slash more: The FATF has sufficient proof to blacklist Pakistan

October 19, 2021 Vinayak Barot

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New Delhi: The government of Pakistan may face more financial crises in the nation as the Financial Action Task Force (FATF) has sufficient proofs to blacklist Pakistan. The Economy of Pakistan may slash more in the future if FATF will take strict action against the Imran Khan government. As per the 2019 IMF deal, the […]

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PM Modi’s Call for an Aatmanirbhar Bharat helped India to tackle the Covid-19 economic shock: IMF

September 25, 2020 Vinayak Barot

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New Delhi: The International Monetary Fund’s (IMF) Communications Department Director Gerry Rice has praised the ‘Aatmanirbhar Bharat’ campaign launched by the government in the aftermath of the coronavirus pandemic. Gerry Rice said that “Prime Minister Narendra Modi’s call for an Aatmanirbhar Bharat (self-reliant India) helped the country to tackle the Covid-19 economic shock,” Gerry Rice […]

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