International Monetary Fund

UN completes fund raising for Afghanistan humanitarian response

The funds worth $600 million will be directed towards helping around 11 million people in Afghanistan, the global humanitarian agency says.

UN fund to help poverty hit Afghans endure winter without mass displacement

The fund aims to inject liquidity into Afghan households by providing cash to Afghan workers in public works programmes and micro-enterprises.

US allows sanctions exemptions to facilitate entry of aid to Afghanistan

US Treasury issued two general licenses, one of which allows the US government, NGOs and certain international organizations, including the UN, to engage in transactions with the Taliban in a bid to provide aid to the war-torn country.

Pakistan seeks road map leading to recognition of Afghan Taliban

"Try an innovative way of engaging with them [Taliban]. The way that they were being dealt with has not worked," says Pakistani FM Shah Mehmood Qureshi.

US freezes poor Afghanistan's assets after Taliban takeover

Afghanistan has some $9 billion in reserves abroad - most of it held with the US Fed, says the central bank governor.

Lebanese PM-designate: Cabinet needed to restore trust, hope

The economic and financial crisis roiling Lebanon is the gravest threat to its stability since the 15-year civil war ended in 1990.

Niger votes in presidential runoff to usher in first democratic transition

Ruling party candidate Mohamed Bazoum is seen by many as the favourite after leading in the first round on December 27 with 39.3 percent of the vote. Polling stations opened at 0700 GMT and will close at 1800 GMT (8 am to 7pm) local time.

World Bank channels $2.5B more into nine additional projects in Turkey

The international financial institution said that with the additional approvals of 2020, the active lending portfolio in Turkey rises to $6.7B in support of 21 projects.

What's behind Pakistan's pandemic-defying remittance boom?

The Covid-19 pandemic has ravaged economies globally, but Pakistan has been on the receiving end of a boom that could continue until the end of this year.

Covid-19 resurgence poses biggest risk to US economy – IMF

IMF warns that the brunt of the economic impact is being borne by lower income families, predominantly Black and Hispanic, who are least able to weather the downturn.

IMF says global economy to take big hit in face of virus

The IMF predicts that the global economy will shrink 4.9 percent this year, calculating damages worse than from any other downturn since the Great Depression of the 1930s.

International students in Turkey ‘suspended between loneliness and fear’

While most Turkish students have returned home, international students are mainly confined to their dormitories, unsure of what the future holds.