International Monetary Fund

IMF to disburse $7.5 bln to Argentina

Argentina is set to receive a much-needed disbursement of funds from the International Monetary Fund (IMF), the lender has said, with a fresh staff-level agreement paving the way for access to $7.5 billion.

The aim is to "support Argentina's policy efforts and near-term balance of payments needs," as the country grapples with a tough economic backdrop, the IMF said in a statement.

Who’s afraid of dialogue?

The meeting between Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan in Vilnius last week was hailed by some as a new page in the resolution of Greek-Turkish disputes through The Hague, while others were quick to describe it as the first step of a national retreat.

IMF board approves $3 billion Pakistan deal

The International Monetary Fund (IMF) has approved a $3 billion loan agreement for Pakistan, unlocking crucial funding for the troubled South Asian economy.

In a statement, the IMF said its executive board gave the green light to the nine-month standby arrangement, in order "to support the authorities' economic stabilization program."

Profits feeding inflation

Across the developed world, we are hearing the argument that high costs are "profit inflation," meaning that rising prices stem mainly from rising profit margins. This is confirmed by reputable economists at multinational banks like UBS and others, by the chief economist of the European Central Bank, Philip Lane, and by its president, Christine Lagarde.

IMF and Pakistan reach $3 billion stand-by deal

Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the International Monetary Fund (IMF) in Washington on June 30.

The economy has been stricken by a balance-of-payments crisis as it attempts to service crippling external debt, while months of political chaos have scared off potential foreign investment.

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