Bahrain and UK review regional tensions and economic risks
MANAMA: Bahrain and the United Kingdom said after meetings in Manama that they had reviewed regional and international developments, with both sides emphasizing the security and economic...
Tag : IMF
South Korea FX reserves fall in March on stronger dollar
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations...
India forex reserves hit record $728.49bn on RBI data
MUMBAI: India’s foreign exchange reserves rose to a record $728.494 billion in the week ended Feb. 27, according to data released by the Reserve Bank of India on...
Korea’s foreign reserves hit five-year low despite monthly increase
South Korea’s foreign reserves increased slightly in December but fell to their lowest year-end level in five years, reflecting currency volatility, according to the Bank...
UAE’s non-oil economy set for 4.7% growth in 2024, says UBS expert
The UAE's non-oil economy is forecast to grow 4.7% in 2024, driven by tourism, real estate, and infrastructure projects, alongside robust foreign investments and diversification...
IMF’s 2024 global growth forecast highlights U.S. resilience
IMF boosts 2024 global growth forecast by 0.2 points to 3.1%, crediting U.S. resilience and Chinese fiscal action....
IMF highlights AI’s threat to 40% of global jobs, rising inequality
The IMF reports that 40% of global jobs may be affected by AI, worsening job inequality, coinciding with the World Economic Forum in Davos....
Pakistan drowns in economic turmoil and terrorism despite IMF lifeline
In a recent move to help stabilize Pakistan’s severe economic crisis, the International Monetary Fund (IMF) has sanctioned a nine-month Stand-by Arrangement of US$3 billion....
Pakistan’s economy suffers major setback as IMF denies $6 billion loan
The International Monetary Fund (IMF) has dealt another blow to Pakistan’s economy by rejecting the country’s claim of fulfilling the conditions necessary to secure a...
World Bank and IMF leaders to discuss global economic challenges at 2023 spring meetings
World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva will launch the 2023 Spring Meetings in Washington, D.C. with a discussion on...