After the COVID-19 was declared a pandemic by the World Health Organization (WHO), various international financial agencies have been providing economic and technical assistance to countries in helping combat the economic impact. Accordingly, the International Monetary Fund (IMF) is providing emergency financial assistance and debt relief to member countries facing the economic impact of the … Read More “Pakistan ranks 3rd among Countries received relief from IMF” »
Earlier we had share our opinion on the economic impact of coronavirus in Pakistan. The economic situation is changing rapidly given the fact that the world has not been able to contain the coronavirus. Accordingly, we have decided to update our readers about the economic impact of COVID-19 on Pakistan and its direction in light … Read More “Economic direction of Pakistan after COVID-19: A review in light of major economic indicators” »
The Executive Board of the International Monetary Fund (IMF) on April 16, 2020 approved an amount of SDR 1.015 billion (USD 1.386 billion) for Pakistan. The request was made by Pakistan under the Rapid Financing Instrument (RFI) lending facility for grant of 50 percent of quota, entitled under the IMF`s COVID response measures. The quota … Read More “IMF approves USD 1.4 billion financial assistance to Pakistan” »
The Rapid Financing Instrument (RFI) is a lending facility of the International Monetary Fund (IMF) under which the IMF provides rapid financial assistance to its member countries facing an urgent balance of payments need. This facility is available to all members unlike the Catastrophe Containment (CC) window of the Catastrophe Containment and Relief Trust (CCRT) … Read More “What is IMF`s Rapid Financing Instrument (RFI)” »
The IMF Executive Board on April 13, 2020, approved immediate debt service relief to 25 of the IMF’s member countries. The debt relief is approved under the Catastrophe Containment (CC) window of the IMF`s Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic. … Read More “IMF Executive Board Approves Immediate Debt Relief for 25 Low Income Countries” »
