Search results
Results From The WOW.Com Content Network
In 1958, for the first time, Pakistan went to IMF for bailout. For this, IMF lent out US$25,000 (equivalent to $264,014 in 2023) [originally the loan-amount is given in SDR; [4] for this article it is considered to be 1SDR = 1USD] to Pakistan on standby arrangement basis on 8 December 1958. [3] Pakistan again went to IMF in 1965.
On 28 November 2010, European Commission, European Central Bank (ECB) and the International Monetary Fund (IMF), colloquially called the European Troika, agreed with the Irish government in a three-year financial aid programme on the condition of far-reaching austerity measures to be imposed on the Irish society in order to cut government expenditure.
After the bailout the Irish Government followed the IMF's recommendations in regards to investing in banking reform. On 27 July 2016, the Executive Board of the IMF analysed the progress of Ireland's economy in the Article IV consultation, the fifth post-programme monitoring discussion with Ireland since the bailout.
IMF grants nine-month standby arrangement to Pakistan to ‘support the authorities’ economic stabilisation programme’ IMF approves much-awaited $3bn bailout for Pakistan, saving it from ...
The index has rallied roughly 10% since the budget was presented on June 12, helped by continued optimism on getting an IMF bailout package to bolster the struggling economy.
The International Monetary Fund’s board approved a $3 billion bailout program for Pakistan which will immediately disburse about $1.2 billion to help stabilize the South Asian ailing economy ...
The term Troika has been widely used in Greece, Cyprus (Greek: τρόικα), [1] [2] Ireland, [3] Portugal, [4] and Spain [5] to refer to the consortium of the European Commission, the European Central Bank and the International Monetary Fund that provided a bailout to these states since 2010, and the financial measures and government policies that the three institutions have demanded to be ...
The International Monetary Fund, Argentina's biggest creditor, agreed Monday to release the next tranche of loans due under a bailout program, endorsing government austerity measures so severe ...