The pay stubs tell the story. Hefty deductions to help cover the cost of Kenya’s new funds for affordable housing and health insurance. More money subtracted for jacked-up contributions to the National Social Security Fund and an increase in the tax rate. In a matter of months, Kenyans with a …
On his first day in office, Lebanon’s new finance minister, Yassine Jaber, sat at his desk reading a color-coded report on the dire state of the ministry’s operations. Nearly everything was marked in alarming red. The computers were decades old — some still ran on Windows 98. Like much of …
To President Trump, one economic number represents everything that is wrong with the global economy: America’s trade deficit. That deficit is the total value of what the United States imports from other nations, minus its exports to other countries. The fact that America runs a trade deficit reflects how the …
War of Words! Krishnamurthy Subramanian, the Executive Director at the International Monetary Fund has said that the IMF’s GDP growth forecasts for India have been consistently ‘INACCURATE’. In contrast, he claimed that his predictions of India’s GDP growth have been accurate. The issue stems from IMF spokesperson Julie Kozack recently …
Finance Minister Muhammad Aurangzeb said on Friday that the matter of an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) will be discussed in Washington next month as the country looks to alleviate a full-scale economic crisis. The standby $3 billion arrangement with the global lender expires on …
Hours after talks between Pakistan and International Monetary Fund concluded, the Fund officially said a staff-level agreement has been reached regarding the stand-by agreement. The agreement will lead to $1.1 billion being released. “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final …
The International Monetary Fund (IMF) review mission has extended its stay in Pakistan by a day as both sides have been unable to develop a consensus on a staff level agreement for the second review and release of the third tranche worth $1.1 billion under the Stand By Arrangement. The …
Pakistan has assured the International Monetary Fund of bringing the real estate sector into the tax net, sources said as the talks between the two sides for the last tranche of $1.1 billion under the stand-by arrangement enter the final round. Under the plan, all housing societies would be registered …
The International Monetary Fund (IMF) has called upon Pakistan to revisit the National Finance Commission (NFC) award with the provinces. This demand came during the second day of talks between Pakistani officials and the IMF under the second review of the $3 billion standby arrangement (SBA). Article 160 of the …
The finance ministry and a delegation of the International Monetary Fund (IMF) on Thursday kicked off the second and last review of Pakistan’s $3 billion standby arrangement with the body. The ministry had said a day ago the review would be a four-day affair and hoped for a for a …