KATHMANDU, May 9: The executive board of the International Monetary Fund (IMF) approved a disbursement to Nepal under the Rapid Credit Facility (RCF) equivalent to SDR156.9 million (about US$214 million, 100 percent of quota) to help cover urgent balance of payments and fiscal needs stemming from the COVID-19 pandemic.
TOKYO, April 16: Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the region’s service sector and major export destinations, the International Monetary Fund said on Thursday.
WASHINGTON, April 14: Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.
WASHINGTON, April 14: The International Monetary Fund said on Monday it would provide immediate debt relief to 25 member countries including Nepal under its Catastrophe Containment and Relief Trust (CCRT) to allow them to focus more financial resources on fighting the coronavirus pandemic.
BRUSSELS, July 3: European Union governments picked Bulgaria’s Kristalina Georgieva as the bloc’s candidate to lead the International Monetary Fund after more than 12 hours of talks on Friday that highlighted the EU’s internal divisions.
WASHINGTON/SANTIAGO, July 24: The International Monetary Fund on Tuesday cut its forecast for global growth this year and next, warning that further U.S.-China tariffs or a disorderly exit for Britain from the European union could further slow growth, weaken investment and disrupt supply chains.
BEIJING, June 5: The International Monetary Fund (IMF) on Wednesday cut its 2019 economic growth forecast for China to 6.2% on heightened uncertainty around trade frictions, saying that more monetary policy easing would be warranted if the Sino-U.S. trade war escalates.
KATHMANDU, April 10: The latest edition of the World Economic Outlook (WEO) from the International Monetary Fund (IMF) has projected Nepal’s economy to grow by 6.5 percent in the current fiscal year – FY2018/19.
COLOMBO, March 1: The International Monetary Fund has agreed to extend Sri Lanka’s $1.5 billion loan program by one year and has reached staff level agreement to disburse the sixth tranche of the loan, government and diplomatic sources told Reuters on Friday.
KATHMANDU, Feb 19: The International Monetary Fund (IMF) has warned that prolonged rapid credit expansion by Nepal’s bank and financial institutions over the last few years has likely led to a build up of credit and liquidity risk.
KATHMANDU, Dec 15: Montreal Convention, a law to address air route damages, comes into effect in Nepal from Saturday, paving the way for passengers of international flights to get insurance coverage of up to 113,100 Special Drawing Rights (SDR), or US$ 157,996 in current exchange rate, in case of death or injury.
PAKISTAN, Oct 12: Commenting on the news that Pakistan is to request a $7 billion bailout from the IMF, Tim Jones, economist at the Jubilee Debt Campaign said: “Pakistan has received IMF bailout loans for 33 of the last 46 years.
ARGENTINA, Sept 2: Argentina's Economy Minister Nicolas Dujovne heads to Washington on Monday to thrash out a hastily revised loan deal with the International Monetary Fund to help revive South America's second-largest economy.
KATHMANDU, Aug 24: The parliament ratified the Montreal Convention on Thursday, paving the way for passengers of international flights to get insurance coverage of up to 113,100 Special Drawing Rights (SDR), or US$ 157,996 in current exchange rate, in case of death or injury.
KATHMANDU, April 22: Nepali officials have made a briefing to the International Monetary Fund (IMF) about the country’s preparation and implementation of national anti-money laundering (AML) framework.
KATHMANDU, April 22: The International Monetary Fund (IMF) has said that Nepal needs to strengthen its key institutions and administrative capacity of the government to restore robust growth in the country.
KATHMANDU, Oct 11: Following the World Bank and the Asian Development Bank, the International Monetary Fund (IMF) has also lowered the economic growth forecast for Nepal for the current Fiscal Year 2017/18.
DUBAI, May 2: The International Monetary Fund said on Tuesday oil exporting countries in the Middle East continue to have the world's largest energy subsidy bill and that additional reforms are still needed to curb government spending.
KATHMANDU, April 22: The International Monetary Fund (IMF) has said the fiscal policy of Nepal should be oriented toward facilitating spending on post-earthquake reconstruction and infrastructure as quickly as possible.
WASHINGTON, April 20: World finance leaders are gathering on U.S. President Donald Trump's home turf on Thursday to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration.
KATHMANDU, Jan 24: Amid concerns that the decision to scrap high value Indian banknotes by the Indian government is also likely to weigh on economic growth of Nepal, the International Monetary Fund (IMF) has played down such risk.
WASHINGTON, DC, Oct 4: While the government says Nepal will achieve an economic growth of 6.5 percent in the current fiscal year, the International Monetary Fund on Tuesday projected that Nepal’s growth in the current fiscal year would rebound by only 4 percent.