Diabytes
IMF bailout News
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Pakistan’s economy is in crisis, but its military thrives – credit goes to China’s support and decades of global aid fueling defence power over reforms.
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Running to the International Monetary Fund (IMF) 23 times in 75 years is no way to run a country, said former Deputy Governor of the State Bank of Pakistan.
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Pakistan is hoping to secure a bailout package from the IMF amid its economic crisis
However, talks between Pakistan and IMF hit a snag as per a report
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Pak govt might withdraw energy subsidies to big export industries
This decision might be taken to secure the IMF's approval for a bailout
Pakistan, on Jan 19, surrendered to all of IMF's conditions amid its economic crisis
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The central bank runs what is widely seen as a managed float, though its official stance is that the currency is freely traded.
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US Vice President Joe Biden and Ukrainian President Petro Poroshenko spoke by phone for the second consecutive day on Friday to discuss the need for Kiev to quickly pass reforms needed for a $17.5 billion International Monetary Fund bailout.
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Greece can exit its EU/IMF bailout earlier than expected and can cover its own funding needs next year, Prime Minister Antonis Samaras said after meeting German Chancellor Angela Merkel.
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