Romania will seek permission from the International Monetary Fund and the European Union to increase its defence budget next year in view of the separatist rebellion in neighbouring Ukraine, the finance minister said Monday.
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.
The United States on Tuesday proposed that the International Monetary Fund write off some $100 million in debt it is owed by Guinea, Liberia and Sierra Leone to free up more resources for those countries, the hardest hit by the Ebola outbreak.
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.
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.