Senegal is resisting an IMF-recommended debt restructuring, but support from the Fund is critical for its recovery.

US Chargé d’Affaires Natalie Baker has said Pakistan is a sovereign nation and must safeguard itself from falling into any ...

Egypt’s strategic geographic location, serving as a gateway to Africa, Asia, and Europe, ensures it is the first to absorb ...

Pakistan must avoid debt traps, follow IMF reforms, and protect economic sovereignty, says U.S. envoy, praising strong ...

The International Monetary Fund wants Senegal to restructure its debt but the West African country is resisting such a move because it would be "a disgrace," Senegalese Prime Minister Ousmane Sonko ...

When Germany borrows from the international loan market, it is charged a modest interest rate of 0.8 percent per annum. The same is 2.5 percent for the US. But if one comes to the southern nations, ...

ISLAMABAD: US Charge d’Affaires in Pakistan, Natalie A. Baker, has said that Pakistan is a sovereign country and it should ...

In its latest Fiscal Monitor Report, the IMF said global public debt now exceeds $91 trillion, up $5 trillion in just a year. The U.S., China, and several European economies are driving the surge, ...

The second line of defence is to offer climate financing as loans. The countries most in need of the loans are already mostly in the debt trap, with countries like Pakistan obliged to keep up with ...

Poland must prioritise curbing the rapid increase in its public debt, the International Monetary Fund said on Monday, adding ...