Ukraine eyes September debt repayment freeze

Ukraine's finance ministry warned on Thursday it could declare a technical default in two months should its lenders fail to accept less stringent repayment terms and a possible partial debt write-off.

Greece needs 85 billion euros through 2018

The International Monetary Fund says Greece will need debt relief and 85 billion euros (USD 95 billion) in new financing through 2018 because its situation has deteriorated since it closed its banks June 29.

Greece becomes first developed nation to default on IMF

Greece made last-minute overtures to its international creditors for financial aid on Tuesday, but it was not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund.

IMF approves USD 506 mn for Pakistan under bailout programme

The IMF has approved over USD 506 million loan tranche to cash-strapped Pakistan as part of a three-year bailout programme to support the country's economic reforms and growth.

Divisions remain on Greece as officials meet for last push

Greece's leader was trying to bridge differences with creditors today on a plan to make more reforms in Greece in exchange for bailout loans the country needs to avoid a potentially disastrous default next week.