Bank of Finland chief Olli Rehn has withdrawn from the race to be the EU's pick for leading the IMF, a French finance ministry official said Friday, leaving just two candidates in contention.

European Union's International Monetary Fund race down to two as Finland's Rehn withdraws

European Union governments will try on Friday to choose a candidate to lead the International Monetary Fund from a list of three names after two candidates pulled out of the race, but divisions could delay a solution.

European Union race for International Monetary Fund chief down to three as Spain's Nadia Calvino quits

EU members have yet to reach a consensus on a candidate to replace Christine Lagarde as head of the International Monetary Fund, missing a July deadline they set themselves to fill the job, the French finance ministry said Thursday.

EU members yet to reach consensus on IMF chief to replace Christine Lagarde

Reserve Bank of India (RBI) Governor Shaktikanta Das has listed out a set of challenges for the global economy, which, he said, is moving towards a new and unsettling phase.

Global economy seems to be moving into 'new, unsettling phase': RBI Governor Shaktikanta Das

Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday.

International Monetary Fund downgrades world growth, warns of 'precarious' 2020

The International Monetary Fund (IMF) has cut its projection for India's economic growth by 0.3 percentage points to 7 per cent for the fiscal year 2019-20 owing to the "weaker-than-expected outlook" for the domestic demand.

International Monetary Fund cuts India's GDP growth forecast to 7% for fiscal year 2019-20

Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan.

International Monetary Fund says Pakistan needs to mobilise tax revenue, cut debt

Prime Minister Imran Khan's government faces mounting pressure as rising prices and tough austerity policies under Pakistan's latest bailout from the International Monetary Fund are squeezing the middle class that helped carry it to power.

Pakistan price squeeze hits middle class as well as poor

A World Bank arbitration court has imposed a penalty of over five billion dollars on Pakistan for the unlawful denial of a mining lease to a company for the Reko Diq project in 2011.

International Court slaps $5 billion penalty on Pakistan in Reko Diq case

Markets and wholesale merchants across Pakistan closed on Saturday in a strike by businesses against measures demanded by the International Monetary Fund to crack down on tax evasion and bolster the country's depleted public finances.

Pakistani traders strike over International Monetary Fund austerity measures

The International Monetary Fund has lashed out at ruling Imran Khan-led Pakistan Tehreek-i-Insaf for not adopting adequate policies to address the economic crisis in the country.

International Monetary Fund blames PTI, PLM-N for Pakistan's economic crisis

Bank of England governor Mark Carney on Thursday gave outgoing IMF chief Christine Lagarde his warm support as she heads to the European Central Bank, but evaded questions about whether he wants to succeed her.

Bank of England boss dodges International Monetary Fund speculation

Egypt's arrears to foreign oil companies declined to $900 million at the end of June from $1.2 billion a year ago, the petroleum minister said on Thursday, adding that the remaining amount would be paid soon.

Egypt's arrears to foreign oil firms fall to 900 million dollar at end of June: Petroleum Minister

Out of the $6 billion bailout package, Pakistan will receive the instalment of $1 billion from the International Monetary Fund (IMF) today. "Pakistan has paid attention to economic reforms.

Pakistan to receive first trench of International Monetary Fund bailout package

Prime Minister Imran Khan asked authorities to take stern action against hoarders and unprecedented prices hike without sufficient cause, authorities reported on Friday.

Imran Khan orders strict action against unusual price hike in Pakistan

The International Monetary Fund (IMF) is scheduled to hold its meeting in Washington on July 3 to consider three-year 'extended fund facility' of $6 billion for Pakistan.

International Monetary Fund to consider three-year 'extended fund facility' of $6 billion for Pakistan

Pakistan's rupee dropped to another record low on Wednesday, sliding more than 3 per cent in a day, the central bank said. The rupee closed at 161.94 against the dollar in the interbank market, continuing a slide since Pakistan signed an agreement with the International Monetary Fund last month for a $6 billion loan.

Post-IMF agreement, Pakistani rupee continues to slide; down 3% in a day

Malawi's economy will grow 5% in 2019, President Peter Mutharika promised on Friday, in a state of the nation address boycotted by the opposition who again clashed with police in more protests against a recent vote.

Malawi leader vows to lift economy as protests continue

Amidst reports that the International Monetary Fund (IMF) has reached a multi-billion dollar bailout package with cash-strapped Pakistan, the United States is seeking "conditionality" in the new financial aid from the global lender.

US pushes for 'conditionality' in IMF bailout package to Pakistan

Pakistan on Tuesday signed three loan agreements worth a total of $918 million with the World Bank, Prime Minister Imran Khan's adviser on finance has said as the cash-strapped country tries to overcome a ballooning balance-of-payments crisis that threatens to cripple its economy.

Cash-strapped Pakistan inks 3 loan deals worth $918 million with World Bank

Pakistan will receive $3.4 billion in budgetary support from the Asian Development Bank (ABD), the de facto finance minister said on Saturday, as the government seeks help to overcome a ballooning balance of payments crisis.

Pakistan says to get $3.4 billion in budgetary aid from Asian Development Bank

Needing final approval for a bailout package from the International Monetary Fund (IMF), Pakistan is due to present an austerity budget on Tuesday that is expected to set hugely ambitious tax revenue targets.

Pakistan budget expected to set hefty tax revenue targets

Pakistan Prime Minister Imran Khan on Monday warned of legal action against those who do not declare their undisclosed assets by June 30, as the cash-strapped government ramps up efforts to fix the country's economy.

Pakistan Prime Minister Imran Khan asks citizens to declare undisclosed assets by June 30

Pakistan's Finance Ministry expects economic growth in the financial year ending in June to hit 3.3%, well below a target of 6.2% set last year, with key sectors all performing worse than expected, according to a planning document seen by Reuters.

Pakistan sees 2019 GDP growth at 3.3%, sharply below target

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