Pakistan to remain on FATF grey list till April 2022

Pakistan is expected to remain on the grey list of the Financial Action Task Force (FATF) till April 2022, as the country works towards completing an action plan to counter money laundering and terrorism financing. Continue Reading

IMF loan to cover 46% of Afghan budget deficit

The International Monetary Fund (IMF) would give a payable loan of $225 million to Afghanistan which is expected to cover 46 per cent deficit in the national budget, a local news agency reported on Thursday. Continue Reading

Covid-19 might widen wealth differences in Europe: IMF

The Covid-19 pandemic is likely to widen wealth gaps in Europe unless policymakers help end the health crisis globally, support economies until the pandemic is over and invest in making economies greener, the International Monetary Fund said. Continue Reading

Editorial: Study, Steady

A new study from the UN Development Programme (UNDP) has found that an additional 207 million people could be pushed into extreme poverty by 2030 due to the severe long-term impact of the Covid-19 pandemic, bringing the total number of the world’s extremely poor to more than a billion. Continue Reading

Covid has resulted in largest global economic contraction in 80 years: World Bank & IMF

The World Bank and the International Monetary Fund have said the global economic contraction caused by Covid-19 pandemic is the largest in the last eight decades. Continue Reading

World economy bound to suffer ‘severe recession’: IMF

The world economy, already “sluggish” before the coronavirus outbreak, is now bound to suffer a “severe recession” in 2020, IMF chief Kristalina Georgieva has warned and said the current crisis posed “daunting challenges” for policymakers in many emerging markets and developing economies. Continue Reading

RBI promises all steps to ensure adequate liquidity in system

The Reserve Bank of India Governor Shaktikanta Das today said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. Continue Reading

“Great lockdown to lead to global GDP loss of US$ 9 trillion”

Reserve Bank of India (RBI) Governor Shaktikanta Das today said that IMF Economic Counsellor has named it “The Great lockdown” estimating cumulative loss to global GDP over 2020-21 at around 9 trillion US dollars, which is greater than the economies of Japan and Germany combined. Continue Reading