The United Nations and the International Monetary Fund have recently warned of a global food shortage due to the war in Ukraine and Russia - two major global exporters of grain.

WION-VOA Co-Production: Discussing China Pacific Island Pact & Global food shortage

Rating agency Moody's Investor Service has downgraded cash-strapped Pakistan’s outlook from stable to negative, citing ‘heightened external vulnerability’ and uncertainty around securing external financing to meet the country's needs, a media report has said.

Moody's downgrades Pakistan's outlook from stable to negative over IMF delay

Chinese banks have agreed to refinance Pakistan with USD 2.3 billion worth of funds on Thursday amid a forex reserve shortage in the country. This move comes at a time when Pakistan is trying to refurbish its economy to avail of funds from the International Monetary Fund(IMF).

China's $2.3 billion refinancing for Pakistan

In order to get the first payout from the $6 billion bailout package from the International Monetary Fund (IMF), the Shehbaz Sharif government in Pakistan has raised fuel and electricity prices, which is a key IMF demand for releasing funds.

Pakistan raises fuel and power prices, a key IMF demand for a $6 billion bailout package

Pakistani Finance Minister Miftah Ismail announced that the government has decided to increase petrol and diesel prices by 30 Pakistani Rupees per litre. He said that the decision was taken to ensure the revival of the IMF program.

Pakistan govt raises fuel price by 30 PKR per litre in a bid to revive IMF program

To continue receiving aid from the International Monetary Fund (IMF), the Pakistan government has raised the fuel prices by 20% on Thursday, media reports said. The hike, which will be effective from Friday, has been made to resume the aid Pakistan was getting from a $6 billion package, the finance minister said.

Inviting more trouble? Cash-strapped Pak govt ditches citizens, raises fuel prices by 20% to get aid from IMF

Inflation is on the rise. Disputes over the price of petrol A tumultuous political climate Pakistan has been struggling to keep its economy afloat for months, raising the possibility that one of the world's most populous countries will soon follow Sri Lanka into a wave of worldwide defaults.

Remove petroleum subsidies: IMF asks cash-strapped Pakistan

The International Monetary Fund (IMF) on Wednesday emphasised upon Pakistan the urgency of removing fuel and energy subsidies to achieve programme objectives.

IMF presses Pakistan of removing fuel, energy subsidies for programme revival

The head of the International Monetary Fund (IMF) has said that the war in Ukraine has darkened the outlook for the global economy and could result in recession for more vulnerable countries.

World Economic Forum: Leaders warn of possible recession at the Davos meet

The managing director of the International Monetary Fund says a global recession isn’t in the cards but it doesn’t mean it’s out of the question. WION's Business Editor Sumit Chaturvedi brings you more update from the meeting.

World Economic Forum: IMF chief Kristalina Georgieva says global recession not expected

The International Monetary Fund has warned against “geo economic fragmentation” as policymakers and business leaders gather at the World Economic Forum in Davos, Switzerland.

Davos World Economic Forum: Global economy faces its biggest test since World War 2, says IMF Chief

Varied number of topics are being discussed at the WEF summit in Davos but is anyone suggesting any solution to these problems? WION's business editor Sumit Chaturvedi brings us all the exclusive ground report.

IMF: Economic horizon has darkened, some nations may face recession | WEF Davos Summit

Pakistan’s new Foreign Minister Bilawal Bhutto and his Chinese counterpart Wang Yi's meeting was held in Guangzhou city. Bilawal Bhutto discussed economic coordination, China-Pakistan Economic Corridor (CPEC) with Wang Yi on Sunday.

Pak FM Bilawal Bhutto hold talks with his Chinese counterpart Wang Yi

In addition to a worsening political crisis, Pakistan is also battling with a brewing financial crisis. The Pakistani rupee plunged deeper against the US dollar this week.

Pakistan reels under economic crisis, talks with IMF continues

Pakistani government could withdraw subsidies on petroleum products as Pak reeling under economic crisis. Meanwhile, talks between IMF and Pakistan are scheduled to continue till May 24th.

Pakistan-IMF Talks in Doha: Pak rupee plunges to new all-time low

Ghana is on the brink of an economic crisis. In 2021, the country recorded a total public debt of around 77% of its GDP, despite this Finance Minister said that Ghana was committed to managing its debt without taking assistance from the international Monetary Fund.

IMF not an option, Ghana FM confident to manage debt without help

A spike in commodity costs and slowdown in China has created significant uncertainty around the world and as a result Asian region are facing a 'stagflationary' risks. While Asia's trade and financial exposures to Russia and Ukraine are limited, the warning released by senior partners said region's economies will be affected by the crisis through higher commodity prices.

IMF warns of 'stagflationary' risks in Asia

Cash-strapped Pakistan and the International Monetary Fund have now agreed in principle to extend a stalled bailout program that will now increase an existing loan size from six billion dollars to eight billion dollars.

Pakistan: IMF extends stalled bailout package, loan size increased by $2 billion

Cash-strapped Pakistan and the International Monetary Fund have now agreed in principle to extend a stalled bailout program that will now increase an existing loan size from six billion dollars to eight billion dollars. Pakistan's Finance Minister speaks to WION on more on this.

Watch: Pakistan's Finance Minister on WION as IMF extends bailout package for Pakistan

Cash-strapped Pakistan and the International Monetary Fund have now agreed in principle to extend a stalled bailout program that will now increase an existing loan size from six billion dollars to eight billion dollars. WION's Anas Mallick brings in more on this.

IMF agrees to extend stalled bailout package for cash-strapped Pakistan

Even after the revamp of entire cabinet, Sri Lanka's economic crisis don't seem to get any better. Country's top delegation has flown to Washington, DC for a meet with IMF officials. The discussions covered recent economic and financial developments in Sri Lanka

Sri Lanka Economic crisis: Sri Lankan delegation meets with IMF officials in Washington, DC

The International Monetary Fund said on Saturday it held "fruitful technical discussions" with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country.

Sri Lanka economic crisis: IMF holds 'fruitful' loan discussions with Colombo, World Bank readies aid package

The international monetary fund is facing a backlash as protesters gather outside its headquarters in Washington. IMF's approval for setting up the resilience and sustainability trust has come under the scanner now and the activists dressed up as animals protested the IMF's move.

Protesters seek attention on threat to biodiversity, activists gather outside IMF HQ

The International Monetary Fund (IMF) on Tuesday slashed India's gross domestic product (GDP) forecast by 80 percentage points to 8.2 per cent for financial year 2022-23.

IMF slashes India's GDP forecast to 8.2% in 2022-23

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