Pakistan's economy is facing a severe crisis, with no signs of financial relief in sight. Prime Minister Shehbaz Sharif met with the IMF Chief during the Global Financial Summit in Paris, making a last effort to secure the release of $1.1 billion in funding. Political instability, devastating floods, and shrinking foreign exchange reserves have hindered the negotiations for a loan renewal.

IMF disappointed with Pakistan's annual budget

India's economy, severely affected by the coronavirus pandemic, is gradually recovering, the International Monetary Fund said on Thursday.

Indian economy is gradually recovering: IMF

The IMF last month forecast a 2020 global contraction of 4.4 per cent and a return to growth of 5.2 per cent in 2021

IMF tells G20 countries to ‘keep spending’ on Covid-19 crisis

Georgieva told an online London School of Economics event that the IMF will make a small upward revision to its global economic output forecasts next week

'Economic fallout of pandemic not as bad as feared', says IMF Chief Kristalina Georgieva

IMF projects global growth in 2020 to fall to -3 percent. This is a downgrade of 6.3 percentage points from January 2020, a major revision over a very short period. This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis.

IMF projects global GDP to contract by 3% in 2020

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IMF disappointed with Pakistan's annual budget

Indian economy is gradually recovering: IMF

IMF tells G20 countries to ‘keep spending’ on Covid-19 crisis

'Economic fallout of pandemic not as bad as feared', says IMF Chief Kristalina Georgieva

IMF projects global GDP to contract by 3% in 2020