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Pakistan likely to sign fresh IMF loan programme

  • 2 min
Pakistan is likely to sign a new three-year loan program with the IMF to replace the current one. The program will include sharing budget proposals for FY-2024-25 and committing to raising electricity and gas prices while reducing subsidies. The new conditions are expected to be tougher than the current program.
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IMF warns of Maldives foreign debt crisis, after China borrowing

  • 2 min
The IMF warns of a potential foreign debt crisis in the Maldives due to heavy borrowing from China and a shift away from India. The country's fiscal deficits and public debt are projected to remain elevated without urgent policy adjustments. Despite economic recovery from the pandemic, uncertainty persists, and the Maldives remains at high risk of external debt distress.
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Pakistan ‘shares’ electricity tariff plan with IMF

  • 2 min
Pakistan has proposed lowering the electricity tariff for its export sector by reducing it from 14 cents to 9 cents, a move shared with the International Monetary Fund (IMF). Despite the IMF's previous rejection, the government aims to enforce the plan upon the lender's approval. Additionally, the IMF has revised Pakistan's 2024 growth estimate to two percent, lower than the government's target.
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Pakistan gives assurance to IMF on power sector’s circular debt

  • 2 min
Pakistan assures IMF to manage power sector's circular debt at Rs2.31 trillion, presenting details before the Senate Standing Committee for Power. The government has pledged to maintain the debt and recover funds, with a focus on promoting solar energy projects to shift from expensive fuel for power production. Circular debt has reached Rs2.6 trillion by October 2023. Source: News. - Khabristan.PK
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IMF resumes Sri Lanka bailout after China’s debt deal

  • 2 min
The IMF resumed a $2.9 billion bailout for Sri Lanka after the country reached a debt restructuring deal with China. This move follows the completion of the first review of the Extended Fund Facility, with $337 million released to support economic policies and reforms. Sri Lanka's progress in debt restructuring and policy reforms was noted, along with the need to sustain momentum for a full economic recovery. - Khabristan.PK