Tag: IMF

Ishaq Dar Orders SBP to Release LCs Worth $50000
Economy

Ishaq Dar Orders SBP to Release LCs Worth $50,000

Ishaq Dar orders SBP to release the LCs worth $50,000 Federal Finance and Revenue Minister Ishaq Dar Sunday announced that the pending payment of the $50,000 Letter of Credit (LC) would be completed within a week. At a press conference, Dar revealed that the decision to assist was made after consultation with the Governor of […]

The IMF warns EU countries on deficits, debt ratios
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The IMF warns EU countries on deficits, debt ratios

The IMF warns EU countries on deficits, debt ratios The International Monetary Fund (IMF) has warned European Union countries about their fiscal deficits and debt ratios. In a report released on Tuesday, the IMF said that while the EU’s overall fiscal deficit is projected to decline this year, it will still be above the bloc’s […]

Sri Lanka Raised Interest Rates
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Sri Lanka Raised Interest Rates

Running out of money Sri Lanka raised interest rates one percentage point, the second massive increase in the last three months. The central bank of Sri Lanka has already warned about the recession and 80% inflation as well. After the release of last month’s inflation data which indicates inflation at a record high of 54.6%, […]

Sri Lankan students demand to resign from the government over the economic crisis
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Sri Lankan students demand to resign from the government over the economic crisis

On Monday, thousands of students from state universities marched in Sri Lanka’s capital. Protestors aimed to demand the president and prime minister resign over the worst economic crisis. According to the students, Sri Lankan President and Prime Minister are responsible for the shortage of essential goods. This economic crisis has led to the disruption of […]