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IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

© Reuters. FILE PHOTO: Demonstrators shout slogans against Sri Lanka’s President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country’s economic crisis, in Colombo, Sri Lanka, April 23, 2022. REUTERS/Navesh Chitrakar/File Photo (Reuters) – Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International…

World Bank readies Sri Lanka aid package, IMF calls loan talks ‘fruitful’

World Bank readies Sri Lanka aid package, IMF calls loan talks ‘fruitful’

2/2 © Reuters. FILE PHOTO – Demonstrators shout slogans against Sri Lanka’s President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country’s economic crisis, in Colombo, Sri Lanka, April 23, 2022. REUTERS/Navesh Chitrakar 2/2 By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Saturday it held “fruitful technical discussions” with Sri Lanka…

Argentina will not modify $45 billion debt with IMF -finance minister

Argentina will not modify $45 billion debt with IMF -finance minister

© Reuters. FILE PHOTO – Demonstrators sit near 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 BUENOS AIRES (Reuters) – Argentine economy minister Martin Guzman said late on Friday that a $45 billion debt deal with the International…

India wants to be friends with West but needs Russian help to defend borders, says Finance Minister -Bloomberg

India wants to be friends with West but needs Russian help to defend borders, says Finance Minister -Bloomberg

© Reuters. FILE PHOTO – India’s Finance Minister Nirmala Sitharaman holds up a folder with the Government of India’s logo as she leaves her office to present the federal budget in the parliament in New Delhi, India, February 1, 2022. REUTERS/Anushree Fadnavis MUMBAI (Reuters) – India wants to be strong friends with the “liberal world”…

Indonesia’s Indrawati, former World Bank COO, joins chorus calling for reforms at World Bank

Indonesia’s Indrawati, former World Bank COO, joins chorus calling for reforms at World Bank

2/2 © Reuters. Indonesian Finance Minister Sri Mulyani Indrawati answers questions during an interview at the World Bank in Washington, U.S., April 22, 2022. REUTERS/Evelyn Hockstein 2/2 By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Indonesian Finance Minister Sri Mulyani Indrawati on Friday joined a growing chorus of officials calling for reforms aimed at…