30 August, 2022 will mark the presentation of Sri Lankan President Ranil Wickremesinghe's first budget as head of his crisis-ridden nation. He will cut defence and other spending in an effort to secure help from the International Monetary Fund (IMF).

Sri Lanka: President Ranil Wickremesinghe to present maiden budget in hopes of IMF loan

To reduce losses, Ceylon Petroleum Corporation (CPC), a state-owned fuel distributor in Sri Lanka, increased the price of kerosene as of Sunday midnight. The CPC declared in a statement that a litre of kerosene will now cost 253 Sri Lankan rupees (SLR), or 0.

Sri Lanka's CPC hikes kerosene prices to 253 SLR to recover losses

The International Monetary Fund on Friday said that its team will travel to Sri Lanka next week to resume aid talks. Formal negotiations on a fresh package for the struggling country started in June but were derailed by the political unrest that forced the now ex-president Gotabaya Rajapaksa to resign and then flee after a horde of protestors dramatically overtook the presidential palace.

IMF-Sri Lanka talks to resume next week

Economic crisis in the island nation of Sri Lanka is worsening with each passing day. Amid pressing financial concerns, the IMF has decided to resume talks with the country on Friday.

Inflation in Sri Lanka running at 60.8%, Central bank warns of 8% contraction this year

The Bangladesh government has sought loans from the IMF amid high inflation and rising fuel prices. Fuel prices soared by over 50% in the country.

Bangladesh government seeking loans from the IMF amid high inflation

Bangladesh government seeking loans from the IMF

Cash-strapped Sri Lanka is struggling with one question, how to come out of the crisis? For months now Columbo has kept the International Monetary Fund busy. The debt advisors are working round the clock to formulate an exit plan, this includes negotiation with creditors convincing them to restructure the plan and finally make debt sustainable.

Sri Lanka to negotiate with creditors & restructure debt

Bangladesh is seeking loans from the IMF, the World Bank and the Asian Development Bank amid a looming foreign exchange crisis. Why is Bangladesh running out of dollars? Is another South Asian country going the Sri Lanka way? Palki Sharma tells you.

Gravitas: Is Bangladesh going the Sri Lanka way?

Is there a rift between China and Pakistan? Pending power bills and demands from the IMF are putting the iron brothers at odds. Palki Sharma tells you more.

Gravitas: General Bajwa fixing China, Pakistan ties?

Pakistan’s army chief General Qamar Javed Bajwa has contacted Washington, seeking US' help in securing an early release of a $1.7 billion installment from the International Monetary Fund (IMF) to his country which is struggling with a deepening economic crisis.

Pak Army Chief seeks U.S. help over IMF loan? People take to Twitter to call out Army Chief

Report: Pakistan's army chief General Bajwa seeks US help on release of IMF loan

Sri Lankan President Ranil Wickremesinghe said on Saturday that an agreement with the International Monetary Fund (IMF) has been pushed back to September due to the unrest over the weeks.

IMF agreement has been rescheduled for September, says Sri Lankan President Ranil Wickremesinghe

Pak Army Chief General Qamar Javed Bajwa recently made an SOS call to Washington. He dialed the White House to seek help in loan disbursement from the IMF. Why is Bajwa acting like a diplomat? Palki Sharma reports.

Gravitas: Pak Army Chief seeks US help to avoid 'default'

Bangladesh has sought a multibillion-dollar loan from the International Monetary Fund (IMF) after rising food and fuel prices severely impacted its forex reserves.

Bangladesh seeks bailout package from IMF as huge import bill takes toll on economy

After Sri Lanka and Pakistan, Bangladesh has made a request to the IMF for a loan. Is Dhaka dealing with a financial crisis? Palki Sharma brings you an assessment.

Gravitas: Bangladesh wants a loan from the IMF

In Bangladesh, the government will start talks on a loan from the international monetary fund. The country's finance minister made it clear that seeking a loan from the IMF does not mean that Bangladesh's economy is in a bad shape.

Bangladesh explores IMF aid as deficit widens

The IMF says Russian economy is doing better than expected. The West had tried to punish and isolate Russia by slapping sanctions. Today, Western economies are battling inflation and bracing for recession. Russia, on the other hand, is making new friends. Palki Sharma tells you more.

Gravitas: IMF: Russian economy doing better than expected

The International Monetary Fund (IMF) has said that the world economy is "teetering" on the edge of a global recession. The remarks come as the world’s three largest economies —the United States, China and Europe— are witnessing a slowdown and spiralling inflation.

‘Global economy teetering on edge of recession’: IMF paints a gloomy picture

The IMF has slashed its global growth forecasts for 2022-2023 and raised its projections for inflation, warning that the risks to the economic outlook are overwhelmingly tilted to the downside.

IMF: Ukraine war pushing world economy to the brink of recession

Taking note of surging inflation and severe slowdowns in the United States and China, the IMF downgrades its outlook for the global economy this year and the next. Will the slowdown in U.S. and China spill over to other economies? Will recession soon be a reality for the world?

WION Fineprint: American & Chinese economies on the edge?

To prevent the country from tumbling into a total crisis of defaulting on loans, the Pakistan cabinet on Thursday issued an ordinance named Inter-Governmental Commercial Transactions Ordinance 2022, that will allow Prime Minister Shehbaz Sharif’s government to sell state assets to foreign entities and governments without any checks.

Pakistan brings ordinance allowing government to sell state assets to foreign nations

The International Monetary Fund said its executive board approved a $235.6 million disbursement to Kenya on Monday as it approved a third review of the country’s Extended Credit Facility and Extended Fund Facility arrangements.

IMF approves $235.6 million disbursement to Kenya

Pakistan has reached an agreement with the IMF for a $6 billion loan. As soon as the deal was struck, Pak PM Shehbaz Sharif slashed petrol & diesel prices. Did Islamabad jump the gun? Palki Sharma reports.

Gravitas: Pak-IMF reach agreement for $6 billion loan

International Monetary Fund and Pakistan had reached an agreement to begin a loan programme that had been put on hold. This will inject $1.17 billion into the faltering economy.

Pakistan to receive $ 1.17 billion from IMF

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