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IMF to provide Costa Rica with $510 million disbursement, sees economy growing 4%

The International Monetary Fund (IMF) said on Friday it will disburse $510 million to Costa Rica following an evaluation mission to the Central American country, whose economy is seen growing by the international lender 4% this year. Subject to approval by the IMF Executive Board, the completion of the sixth review under the Extended Fund Facility will make available some $270 million and completion of programmed reform measures under the Resilience and Sustainability arrangement will make available $240 million, the IMF said.

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'8% growth projection for India is not ours, it is Indian representative's view': IMF

Last month, Krishnamurthy Subramanian said Indian economy could grow at 8 per cent till 2047, if the country redoubles the good policies that it has implemented over the last 10 years and accelerate reforms.

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IMF, Ukraine reach staff-level agreement on funding program, inching toward $880 million tranche

Ukraine and the International Monetary Fund (IMF) on the third revision of the four-year Extended Fund Facility (EFF), paving the way for the disbursement of $880 million, the IMF announced on Feb. 22.

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IMF releases $4.7 billion to support Argentina's 'ambitious' plan

The International Monetary Fund (IMF) on Wednesday agreed to disburse another tranche of loans to Argentina, following the completion of its seventh review. The IMF Executive Board's decision enables an immediate disbursement of around $4.7 billion to support the Argentine government's policy efforts "and strong commitments to restore macroeconomic stability and help Argentina meet its balance of payments needs," the IMF said in a Wednesday statement. The board assessed that key program targets

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World Bank, IMF Look to Move Past Old Tensions on Climate, Debt

(Bloomberg) -- The leaders of the World Bank and International Monetary Fund are seeking to mend fences between their sister institutions after tensions arose in recent years over issues including climate change and sovereign debt issues.Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionS&P 500 Hits All-Time High in Historic Bull Run: Markets WrapFord Cuts Workforce Making Electric F-150s on Weak DemandYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Jo

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Pakistan says the IMF executive board approved release of $700 million of $3B bailout

The International Monetary Fund's executive board approved Thursday the release of $700 million of a $3 billion bailout for cash-strapped Pakistan, the finance ministry said. The bailout is meant to enable Pakistan to emerge from one of the worst economic crises in its history. In a statement, the ministry said the IMF executive board approved the release of the $700 million installment after a first review of Pakistan’s economic reform program.

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IMF says Sri Lanka debt deal could help board clear first bailout review

COLOMBO (Reuters) -Sri Lanka's pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday. Battling its worst financial crisis in decades, the Indian Ocean nation had been trying since last year to strike restructuring deals with creditors after record low foreign exchange reserves led to a default on foreign debt in May 2022. Wednesday's in-principle deal comes about a month after Sri Lanka's pact with the Export-Import Bank of China covering about $4.2 billion of outstanding debt, while clearing the IMF review could trigger a second tranche of about $334 million in funds.

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Pakistan Secures Final IMF Approval for $3 Billion Bailout

(Bloomberg) -- Pakistan won final approval to borrow $3 billion from the International Monetary Fund, unlocking long-awaited lending that will help ease the nation’s dire need for cash and rescue its economy. Dollar bonds rallied.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsInflation at 3% Flags End of Emergency, Turning Point for FedGoldman Breaks Its Own Rule to Flag Results Much Worse Than RivalsS

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