Alarm is rising over Washington's potential withdrawal from global institutions, including the International Monetary Fund and the World Bank, with the no-show of U.S. Treasury Secretary Scott Bessent at G20 meetings adding to anxiety.
Alarm is rising over Washington's potential withdrawal from global institutions, including the International Monetary Fund and the World Bank, with the no-show of U.S. Treasury Secretary Scott Bessent at G20 meetings adding to anxiety.
IMF, Pakistan and economic recovery bailout
The IMF has approved a new arrangement of funds equivalent to $1.4 billion for El Salvador, which also includes restrictions regarding bitcoin, according to a statement on Thursday. The arrangement has a 40-month duration, with an immediate disbursement equivalent to around $113 million.
On February 24, 2025, the IMF Executive Board concluded the annual discussions with the Central African Economic and Monetary Community (CEMAC) on Common Policies of Member Countries and Common Polici
The IMF Executive Board approved a new 40-month arrangement under the Extended Fund Facility (EFF) for El Salvador, with access equivalent to US.4 billion. The Board’s decision allows the authorities an immediate disbursement equivalent to around US$113 million.
Ghana’s finance minister Cassiel Ato Forson is set to introduce many tax cuts in his budget next month to promote growth, even as the country faces pressure to improve its tax intake. Ghana has a tax-to-GDP ratio of 13.8 per cent, below the African average of nearly 17 per cent.
A further reduction in Thailand’s policy interest rate will help shore up low inflation and ease the burden for local borrowers, according to the International Monetary Fund.
The International Monetary Fund says it is willing to work with Zimbabwe on its request for a staff-monitored program in order to help restructure the nation’s $21 billion debt.
Ukrainian lawmakers passed a measure to establish new courts for high-level political disputes, a condition for continuing IMF's $15.6 billion financing. These courts replace a dissolved body accused of corruption and are part of Ukraine's accelerated reform efforts amid its EU membership bid and ongoing war with Russia.
Dissanayake cynically claimed that his government wants to establish the “economic sovereignty” of Sri Lanka, even as he is fully committed to imposing the demands of the IMF and big business.
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