Pakistan narrowly avoided a sovereign default and managed to stabilize the economy on the back of yet another International ...

Elvira Nabiullina is reportedly facing even more opposition from Kremlin hardliners over her plans to apply for an IMF ...

Sri Lanka's consumer price inflation dropped to minus 1.7% year-on-year in November after easing to minus 0.7% in October, ...

Sri Lanka exits debt default with a credit rating upgrade from Fitch, marking a significant step in economic recovery. The ...

A Madrid court sentenced ex-IMF chief and Spanish economy minister Rodrigo Rato to more than four years in prison for tax ...

Sri Lanka has lifted its vehicle import ban, originally implemented in 2020 to protect foreign exchange reserves amid the ...

Ghana’s President-Elect, John Dramani Mahama, met with Nigeria’s President Bola Ahmed Tinubu on Monday during a courtesy ...

Sri Lanka on Tuesday completed its long-delayed foreign debt restructure after the island nation defaulted on its $46 billion external debt in a dramatic 2022 economic crash, a minister told ...

Amid fresh reports of the World Bank cancelling a $500 million loan for a clean energy programme, Pakistan’s cash-strapped economy continues to lurch from one crisis to the next as it waits for a ...

In September, Prime Minister Shehbaz Sharif secured a $7 billion bailout package from the International Monetary Fund (IMF). This was Pakistan's 25th approach to the IMF, with the country heavily ...

The International Monetary Fund is facing criticism from its independent watchdog over inconsistencies in its handling of major bailouts. A new report highlights concerns about political pressures ...