Pakistan's 11.3 billion-dollar IMF loan in dangerSeptember 5th, 2009 ISLAMABAD - The 11.3 billion-dollar-loan that International Monetary Fund (IMF) was going to grant Pakistan, faces the risk of disruption if the country fails to reform its tax collection system. The 7.6 billion dollar IMF loan, agreed late last year, and raised subsequently to 11.3 billion dollars, helped Pakistan avoid a default on foreign debt payments.
Pakistan receives third tranche of IMF loanAugust 12th, 2009 KARACHI - Pakistan has received $1.2 billion from the International Monetary Fund (IMF) as the third tranche of an emergency loan agreed to last year, the central bank said. "We have received $1.2 billion from the IMF," State Bank of Pakistan spokesperson Syed Wasimuddin told The News.
US to loan over $30 billion for renewable energyJuly 30th, 2009 WASHINGTON - The US will loan up to $37.5 billion to fund renewable energy projects around the country, the Energy Department said Wednesday. The new loans are part of an effort to stimulate the US economy and reduce emissions of greenhouse gases blamed for global warming.
World Bank refuses 102 million dollar loan to PakJuly 29th, 2009 LAHORE - The World Bank (WB) has refused to grant a loan of 102 million dollars to Pakistan. Sources said the refusal came after the government failed to meet certain requisite conditions necessary for disbursement of loan by the World Bank.
DOE makes available $35 billion in loan guarantees for renewable energy, grid improvementsJuly 29th, 2009 DOE makes available energy loan subsidiesWASHINGTON — The Energy Department is making available $36 billion in loan guarantees for renewable energy projects and for modernizing the electricity grid. The department said Wednesday it will accept applications for the financing support over the next 45 days.
IMF approves $2.6 bn loan to Sri LankaJuly 25th, 2009 COLOMBO - The Sri Lankan government said Saturday that the International Monetary Fund (IMF) has approved a $2.6 billion loan to Sri Lanka to support the country's reform programme. As per the agreement, $322.2 million would be immediately made available, while the remaining amount will be released based on the quarterly reviews, the government information department said in a statement.
IMF approves $2.6 billion loan to Sri Lanka despite human rights concernsJuly 25th, 2009 IMF approves $2.6 billion loan to Sri LankaCOLOMBO, Sri Lanka — The International Monetary Fund has given final approval for a $2.6 billion loan for Sri Lanka despite calls from human rights groups that the island nation should first address concerns over its human rights record. Some $322.2 million of the loan will be immediately available to Sri Lanka.
World Bank directs $6.6 bn to South Asia; $400 mn to IndiaJuly 3rd, 2009 WASHINGTON - The World Bank Group committed US$6.6 billion in fiscal year ended June 30 to South Asia, where India is the largest borrower, much of it focused on helping the countries there cope with the impact of the global economic crisis. Key to the Bank's strategy in South Asia is scaling up existing programmes that are delivering results, the group said Thursday.
ADB approves $100 mn development loan for ChinaJuly 1st, 2009 MANILA - The Asian Development Bank (ADB) has approved a $100-million loan to undertake developmental projects in China's northwestern Xinjiang Uygur Autonomous Region, officials said Wednesday. The Xinjiang Urban Transport and Environmental Improvement Project, which will receive the money, will also initiate projects to protect the environment, the bank said.
US Ex-Im Bank, FICCI to expand trade tiesJune 24th, 2009 WASHINGTON - The Export-Import Bank of the United States (Ex-Im Bank) and the Federation of Indian Chambers of Commerce and Industry (FICCI) will work together to expand the trade relationship between the two countries. Ex-Im Bank Chairman and President Fred P.
Poor economies to shrink as private investment plummets: World BankJune 22nd, 2009 WASHINGTON/SEOUL - Most developing economies will slip into recession this year amid a global financial crisis that has prompted wealthy investors to pull their money out of projects for the poor, the World Bank warned Monday. The developing world will grow 1.2 percent this year after growing 5.9 percent in 2008.
World Bank raises 2009 China's economic growth forecast from 6.5 percent to 7.2 percentJune 18th, 2009 World Bank raises 2009 China growth forecastBEIJING — The World Bank is raising its 2009 growth forecast for China due to the country's stimulus-driven investment boom. But it also cautions that it is still too soon to say a sustained recovery is on the way.
World Bank to help poor countries build roads, other projects with infrastructure fundApril 25th, 2009 World Bank to aid poor countries with public worksWASHINGTON — The World Bank said Saturday it would provide poor countries with more than $55 billion for public work projects left in limbo when the recession dried up capital investment. The goal is to create jobs and lay the foundation for future economic growth and poverty reduction.
World Bank approves $500 mn loan for PakistanMarch 27th, 2009 WASHINGTON - The World Bank has approved a $500-million interest-free loan to help stablise Pakistan's economy, Geo TV reported Friday. 'Pakistan has experienced severe external and internal shocks in the past year and is confronting a very difficult macro-economic situation,' the Washington-based World Bank said in a statement.
Indian exports decline as world trade growth turns negativeMarch 9th, 2009 WASHINGTON - India registered its first every year-over-year decline in exports as world trade growth turned negative in the last quarter of 2008, raising fears of a protectionist backlash, according to a new world bank report. Deteriorating growth in global trade has been underway for some time, said the bank in a paper for next Saturday's meeting of the Group of 20 finance ministers and central bank governors.
Loading ...