International Monetary Fund

June 26, 2024 4:35 PM

Kenyan protesters promise more rallies after deadly parliament violence

Kenyan protesters vowed on Wednesday to keep up their demonstrations against new tax hikes, a day after police opened fire on crowds trying to storm parliament, leaving at least eight people dead and scores wounded. As heavily armed officers patrolled the streets of the capital Nairobi, supporters of the week-old protest movement took to X, using the hashtag #tutanethursday, or "see you on Thursday" in a mix of Swahili and English. An online outpouring of anger over tax increases has swelled i...

May 14, 2024 3:54 PM

Asia to contribute 60% of global growth in 2024: IMF official

Asia continues to power ahead as the engine of the global economy, with the region expected to contribute a massive 60% to world growth in 2024, a senior International Monetary Fund (IMF) official stated on Monday. Speaking at the 13th IMF-Japan High-Level Tax Conference for Asian Countries in Tokyo, IMF Deputy Managing Director Okamura highlighted Asia's lead role in driving global economic recovery post-pandemic citing the IMF's latest World Economic Outlook projections. The global economy h...

April 30, 2024 12:08 PM

IMF bailout proved important to save Pakistan from default, PM Sharif says

The disbursement of $1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve greater economic stability, Prime Minister Shehbaz Sharif said on Tuesday, amid discussions for a new loan programme. The funding was the second and final tranche of Pakistan's $3 billion standby arrangement with the IMF which it secured last summer to help avert a sovereign default. "The disbursement will bring more economic stability in Pakistan," Sharif said in a statement from his office, a...