Afghanistan`s aid-dependent economy is slowing markedly as NATO troops withdraw, the International Monetary Fund (IMF) said Wednesday, warning that violence, political instability and lack of reform threaten future growth.
Ukraine`s currency steadied today after heavy falls and after the crisis-hit country`s central bank unexpectedly raised the key interest rate by nearly 50 per cent to boost consumer confidence and stop spiralling inflation.
Ukrainian bond prices are holding up better than expected in the stand-off with Russia because investors think the International Monetary Fund might not impose tough conditions in an expected aid programme due to Kiev`s political importance to the West.
British Foreign Secretary William Hague on Monday said he will travel to Washington to speak to US Secretary of State John Kerry and the International Monetary Fund (IMF) after Ukrainian government today urged the international community to provide $35 billion aid to improve the country`s economy.
Up to 21 people were killed in Friday`s attack on a restaurant popular with foreigners in the Afghan capital, after a suicide bomber blew himself up near the entrance and gunmen burst in to spray diners with bullets.
Hit by a currency crisis and poor growth, India on Saturday ruled out approaching the International Monetary Fund (IMF) for assistance, saying the economic situation has not reached a point where outside help is warranted.