United Nations Development Group

IMF disburses $1 bn for Pakistan

The IMF has approved a $1 billion loan disbursement for Pakistan after signaling approval with recent government reforms.

The money comes from an agreement that was approved in July 2019 for a $6 billion loan over a period of more than three years under the Washington-based crisis lender's Extended Fund Facility.

Kristalina Georgieva: The World Economy is Slowing Down because of the US, China and Omicron

The managing director of the International Monetary Fund, Kristalina Georgieva, said there were two reasons for the slowdown in the global economic recovery.

"The first is because the two big drivers of growth, the United States and China, have slowed," she told CNN International.

Istanbul to turn into UN hub, humanitarian operation center

The comprehensive efforts of Turkish authorities toward the goal of turning Istanbul into a U.N. hub in line with Turkey's business and humanitarian foreign policy are bearing fruit.

The U.N. will relocate some headquarters to Istanbul from Geneva and open an Office for the Coordination of Humanitarian Affairs (OCHA) in the metropolis to support field operations worldwide.

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