The news, anew
IMF Managing Director Georgieva stated that the IMF plans to strongly support Iraq’s loan program while intense discussions continue for Lebanon. Progress toward a loan program for Lebanon is being made.
Business
Saudi Arabia's Finance Minister Mohammed Al-Jadaan, Chair of the International Monetary and Financial Committee (IMFC), said that ongoing wars, conflicts and supply chain disruptions were imposing significant human and economic costs worldwide and adding to price pressures, particularly in the poorest and most vulnerable countries. In remarks at the Committee's 54th meeting in Bangkok, Jadaan stressed the need to strengthen economic and financial stability, step up international cooperation and end conflicts to achieve sustainable growth and long-term stability.
Business
Pakistan's finance minister expressed concern over attacks on Gulf energy infrastructure, stating they pose risks to the country's economic stability amid rising energy prices due to the Iran war. While Pakistan has secured enough energy supplies and avoided shortages, ongoing escalations could delay a return to normalcy. The government is focusing on fiscal reforms to enhance tax revenues and has emphasized efforts to combat tax theft.
Business
Attacks on Gulf energy infrastructure 'worrying' for Pakistan's outlook, minister says Pakistan's finance minister said on Saturday the country had so far withstood the shock from skyrocketing energy prices due to the Iran war, but that attacks on infrastructure in Saudi Arabia and other Gulf countries were "worrying" for the country's longer-term economic outlook. In an interview on the sidelines of the IMF-World Bank Annual Meetings in Bangkok, Muhammad Aurangzeb told AFP said the South Asi…
