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IMF asked Pakistan to show how it would fund $1.5 billion subsidy package

IMF asked Pakistan to show how it would fund $1.5 billion subsidy package

© Reuters. FILE PHOTO: Pakistan’s prime minister, Imran Khan, speaks during an interview with Reuters in Islamabad, Pakistan June 4, 2021. REUTERS/Saiyna Bashir/File Photo By Asif Shahzad ISLAMABAD (Reuters) – The International Money Fund (IMF) has asked Pakistan to explain how it would fund a $1.5 billion subsidy package announced by Prime Minister Imran Khan,…

Turkish finance minister says rise in energy prices accelerating inflation

Turkish finance minister says rise in energy prices accelerating inflation

ISTANBUL (Reuters) – Turkish Finance Minister Nureddin Nebati said on Saturday the global rise in energy prices was accelerating inflation in the country, but Ankara would continue working to lower it, adding that the lira’s recent decline was within “acceptable” levels. Inflation hit 54% in February and economists expect it to continue rising towards 70%…

ECB’s Holzmann argues again for rate rise

ECB’s Holzmann argues again for rate rise

© Reuters. European Central Bank policymaker and Austrian National Bank (OeNB) Governor Robert Holzmann attends a news conference in Vienna, Austria December 2, 2019. REUTERS/Leonhard Foeger ZURICH (Reuters) – European Central Bank (ECB) policymaker Robert Holzmann told an Austrian newspaper that the bank could send a clear message about fighting inflation by raising interest rates…

Argentina’s Senate gives thumbs up to $45 billion IMF debt deal

Argentina’s Senate gives thumbs up to $45 billion IMF debt deal

© Reuters. Police officers stand in front of the National Congress as the senate debates the government’s agreement with the International Monetary Fund (IMF), in Buenos Aires, Argentina March 17, 2022. REUTERS/Agustin Marcarian By Nicolás Misculin BUENOS AIRES (Reuters) – Argentina’s Senate voted late on Thursday to approve a $45 billion debt deal with the…