カテゴリー: International Monetary Fund (IMF)
Prime minister of India who brought in economic reforms and forged a new relationship with the USThe distinguished economist Manmohan Singh, who has died aged 92, was one of India’s longest serving prime ministers (and the first Sikh to hold the office…
Anura Kumara Dissanayake wants a better deal from the IMF to reduce suffering during the country’s punishing debt crisisSri Lanka is at a historic juncture. Faced with its worst economic crisis since the Great Depression and having defaulted on its ext…
The Jubilee 2000 saw $130bn of debt written off, and yet we now find ourselves in a renewed global debt crisis, says Maria Finnerty of CafodThe Guardian is right to identify the global sovereign debt crisis as one of the most critical impediments to su…
Calls for drastic overhaul of funding as conflicts and climate crisis drive surge in humanitarian needs and appeals fall shortThe queue for water at Metche, a camp of 40,000 refugees on the Sudan-Chad border, starts at dawn and lasts until sunset. The …
Loan is on top of £25bn that cash-strapped Islamabad already owes Beijing and Chinese commercial banksChina has agreed to loan Pakistan $700m (£580m) to help it weather its worst economic crisis in a generation, in a development that will intensify con…
Funding still needs to be approved but could offer breathing space amid country’s economic turmoilThe International Monetary Fund has tentatively offered Sri Lanka a $2.9bn (£2.5bn) loan to help the country recover from the worst economic crisis since …
Dhaka is understood to be seeking $4.5bn rescue package after being hit by high import costs and falling exportsBangladesh is to hold talks with the International Monetary Fund after applying for a bailout to prevent the country running out of cash.The…
Foreign capital flees poorer countries at the first sign of instability. The pandemic and Ukraine war ensure there is plenty of that aroundThis January, even before Sanjana Mudalige’s salary as a sales worker in a shopping mall in Colombo, Sri Lanka, w…
The south Asian country is the first to buckle under economic pressures compounded by Russia’s war on Ukraine, but it won’t be the lastThe departure of Sri Lanka’s prime minister, Mahinda Rajapaksa, follows weeks of protest and a deepening crisis. Ther…
While the pandemic has not led to a jump in unemployment, its impact on the over-50s and public sector staff is particularly troublingAt first glance, the UK jobs market is in rude health. The unemployment rate is back to where it was before the Covid …
As its economy implodes and the food crisis grows, its people feel betrayed. No wonderThe global attention has dissipated, but the crisis is intensifying. The bleak year that Afghans have endured is turning to a still bleaker winter. The UN World Food …
The most vulnerable people will bear the cost of sanctions, as services and the economy collapseWatching Afghanistan’s unfolding trauma, I’ve thought a lot about Mumtaz Ahmed, a young teacher I met a few years ago. Her family fled Kabul during Taliban …
Monetary fund warns the US and China against continuing trade war, saying it could damage coronavirus recoveryCoronavirus – latest updatesSee all our coronavirus coverageThe head of the International Monetary Fund has signalled a possible downward revi…
Group of former diplomats and ministers says shifting rules on medical trade could save hundreds of thousands of livesCoronavirus – latest updatesSee all our coronavirus coverageCoronavirus latest: at a glanceA group of 24 senior diplomats and defence …