Pakistan's headline inflation persisted at 27.4 percent year-on-year in August, official data showed, as a tumbling rupee and soaring bills blamed on an IMF bailout package hampered government efforts to rein in prices.Pakistan was on the brink of de...

The Argentine government said Friday it will use a loan from Qatar amounting to $775 million to make a payment to the International Monetary Fund as it awaits approval of a disbursement from the IMF for $7.5 billion.The credit operation would allow Q...

While conflict and inflation will dominate World Bank spring meetings next week, campaigners are pushing for a redesign of global financial architecture to help countries cope with climate change.Experts say developing nations are struggling to find...

Pakistan's year-on-year inflation hit 35.37 percent in March -- the highest in nearly five decades -- as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.Month-on-month inflation was...

UN leader Antonio Guterres on Saturday slammed the world's rich countries and energy giants for throttling poor nations with "predatory" interest rates and crippling fuel prices.Guterres told a summit of the most deprived states on the planet that we...

Sixteen-year-old Nadia makes the one-hour journey to and from her employer's house on foot each day, stopping frequently along the congested streets of Lahore so her mother can rest her weary legs.The teenager still had seven years of schooling left...

An IMF team left Pakistan on Friday after crisis talks with the government failed to deliver a deal on financial aid that would help the South Asian country avert economic collapse.After months of deadlock, the International Monetary Fund arrived las...

Thousands of Egyptian bibliophiles weave through a labyrinthine display of books, reviving an annual tradition at the Arab world's largest book fair, but this year it comes at a steep cost.The 54th Cairo International Book Fair was overshadowed by a...

By AFPThe Egyptian pound was trading Wednesday at half its value from March after the central bank intervened for a third time as part of an International Monetary Fund loan agreement.The devaluation, representing a drop of around 50 percent against...

By AFPThe IMF said Monday it had approved an economic monitoring program for Ukraine which could help Kyiv secure funding from donors, with the war-torn country needing more than $40 billion this year.The monitoring program "is designed to help Ukrai...

The Executive Board of the International Monetary Fund onFriday approved a $3 billion loan to Egypt, with an immediate disbursement of $347 million, the IMF said in a statement.Egypt will benefit from the loan over 46 months under the Extended Fund F...

By AFPThe International Monetary Fund and the Tunisian government have reached a tentative agreement to unblock a $1.9 billion loan as the North African country faces grave economic and political challenges.Under the four-year accord, the Tunisian go...