Pakistan has raised USD 1 billion from international debt markets by floating five-year dollar- denominated Sukuk bonds to overcome the impacts of the failed Oil and Gas Development Corporation Limited and botched transaction on foreign currency reserves.
Pakistan will more likely receive a loan instalment 1.1 billion dollars from the International Monetary Fund (IMF) next month as the latter is satisfied with its economic performance, government officials said here Saturday.
Eurozone ministers moved towards throwing twice bailed out Greece a new credit line on Thursday, that would come with conditions over its handling of budget and continued oversight by the International Monetary Fund.
The International Monetary Fund fast-tracked $130 million (102.5 million euros) in aid Friday to fight the Ebola epidemic after the governments of the worst-hit countries in west Africa said they were desperately counting on promises of global aid to be backed up with cash.
The World Bank and International Monetary Fund warned Tuesday that insufficient funding and political efforts to rebuild Gaza would make economic recovery almost impossible and lead to further violence.
To provide a new dimension to mountaineering in the country, Indian Mountaineering Foundation has embarked on a unique project -- Climbathan 2014 -- in and around Bara Shigree glacier in Himachal Pradesh.
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.