No Result
View All Result
Sunday, June 1, 2025
MM News
اردو
  • Home
  • Latest News
  • Showbiz
    Gigi and Bella Hadid

    The Hadid sisters have a stepsister? Here’s what we know

    Alizeh Shah

    Alizeh Shah’s heartfelt Eid al-Adha message captivates fans online

    File Photo

    Saba Qamar speaks out against child marriage in UNICEF campaign

    Nadia Afgan

    Feroze Khan’s fans sent me death threats: Nadia Afghan

    Netflix

    Get ready to stream: Netflix’s June 2025 lineup is packed with hits

    Shakira

    Shakira falls on stage during high-energy Montreal concert

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • Showbiz
    Gigi and Bella Hadid

    The Hadid sisters have a stepsister? Here’s what we know

    Alizeh Shah

    Alizeh Shah’s heartfelt Eid al-Adha message captivates fans online

    File Photo

    Saba Qamar speaks out against child marriage in UNICEF campaign

    Nadia Afgan

    Feroze Khan’s fans sent me death threats: Nadia Afghan

    Netflix

    Get ready to stream: Netflix’s June 2025 lineup is packed with hits

    Shakira

    Shakira falls on stage during high-energy Montreal concert

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home World

IMF mulls expanding emergency funding to nations facing food price shocks

Reuters by Reuters
September 12, 2022

LONDON/WASHINGTON: The International Monetary Fund is looking for ways to provide emergency funding to countries facing war-induced food price shocks and will discuss measures at an executive board meeting on Monday, sources familiar with the matter told Reuters.

The plan, which has not previously been reported, will be presented at an informal board session.

It would allow the IMF to help Ukraine and other countries hit hard by Russia’s war in Ukraine without imposing conditions required in a regular fund program, said the sources, who asked not to be named since the matter is still under review.

The size and scope of the measures was not yet clear.

A formal vote backing the measure – which has been developed by the IMF staff in recent months – is expected before the Fund’s annual meetings in October, the sources said.

If approved, it would temporarily increase existing access limits and allow all member countries to borrow up to an additional 50% of their IMF quota under the IMF’s Rapid Financing Instrument, and the Rapid Credit Instrument that serves low-income countries, the sources said.

“The concept is simple, but it could help many countries,” said one of the sources. Food prices surged worldwide after the start of the war given blocked supply routes, sanctions and other trade restrictions, although an UN-brokered deal that allowed resumed exports of grain from Ukrainian ports last month has begun to help improve trade flows and lower prices in recent weeks.

The Washington-based lender projected in July that inflation will reach 6.6% in advanced economies this year, and 9.5% in emerging market and developing economies, posing a “clear risk” to current and future macroeconomic stability.

Many African countries and other poor nations suffering food shortages and acute hunger have clamored for increased funds, but it was not immediately clear how many countries would seek the additional financing aid.

The IMF proposal would offer some limited help to Ukraine, but its officials say they need a “full-fledged” financing package as they scramble to keep the government running while fighting the first major war in Europe since World War Two.

An IMF spokesperson last week told Reuters the global lender “continues to closely engage with the Ukrainian authorities and is currently exploring all feasible options to provide further support to Ukraine in these challenging circumstances.”

Ukraine’s overseas creditors have backed a two-year freeze in payments on almost $20 billion in international bonds, but the country must make $635 million in principal payments on prior IMF loans beginning in mid-September.

The IMF in March approved $1.4 billion in emergency funding for Ukraine under the RFI instrument to help meet urgent spending needs and mitigate the impact of the war.

Its economy is expected to contract by 35% this year.

Russia’s war against Ukraine has altered global patterns of trade, production, and consumption of commodities in ways that will keep prices at historically high levels through the end of 2024, the World Bank reported in August.

Food is the single largest category in inflation baskets – the selection of goods used to calculate the cost of living – in many developing nations, accounting for around half in countries like India or Pakistan and on average for some 40% in low-income countries, IMF data shows.

ShareTweetSendShare
Previous Post

Sindh Govt fixes wheat price at Rs4,000 Per 40-Kg for FY22

Next Post

Real estate company claims of MTJ’s son holding stake in TAB City

Related Stories

file photo
World

Powerful earthquake jolts Japan’s Hokkaido

May 31, 2025
Operation Sindoor
Thought Box

Viral video: Did Ranbir Singh say the IAF was asleep during Operation Sindoor?

May 31, 2025
Donald Trump
Top News

Without US Intervention, Pakistan-India war could have been devastating: Donald Trump

May 31, 2025
File photo
Uncategorized

Saudi Arabia warns of severe heatwave during Hajj 2025

May 30, 2025
File photo
Top News

BJP leader admits Pakistan shot down five IAF jets including Rafale

May 30, 2025
Image: Reuters
World

Has Hamas rejected latest US ceasefire proposal?

May 30, 2025
Bitcoin Reserve
Business & Stock

Is Pakistan’s Bitcoin reserve a cause for concern in India?

May 30, 2025
Corruption. Online photo
World

Ex-minister jailed for corruption

May 29, 2025
Jeanette Winterson, Ian McEwan, Zadie Smith and Irvine Welsh. (Image credit: Getty and the Guardian)
Top News

380 British and Irish writers denounce genocide in Gaza

May 29, 2025
FILE - Andrew Tate, right, and his brother Tristan leave the tribunal in Bucharest, Romania, Thursday, Feb. 29, 2024. Vadim Ghirda / The Associated Press
World

Andrew Tate faces rape and human trafficking charges in UK

May 29, 2025
Next Post
file photo

Real estate company claims of MTJ’s son holding stake in TAB City

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

File photo
Prices

Petrol price hiked by Re1 per litre in Pakistan

by MM News Staff
May 31, 2025
File photo
Sports

Pakistan grabs eight gold medals at Asian Masters Weightlifting Championship

by MM News Staff
May 31, 2025
Online grab
Film & TV

Mahira Khan’s Pashto song from Love Guru goes viral on social media

by MM News Staff
May 31, 2025
File photo
Crime

Rs70 million BISP fraud uncovered in Dadu

by MM News Staff
May 31, 2025
Bakra Eid 2025

Punjab enforces section 144 ahead of Eidul Adha 2025

by MM News Staff
May 31, 2025

Opinion

munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Crimea at the Crossroads: Development, Identity, and Geopolitics
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Heatwave
Top News

Karachi braces for more heat as temperature remains high

by MM News Staff
May 31, 2025

The Meteorological Department has forecast that the intensity of heat in Karachi will persist...

file photo

Karachi temperature likely to hit 41°C today

May 30, 2025
Heavy Rain

Storm and heavy rains wreak havoc in Khyber Pakhtunkhwa, 5 dead

May 30, 2025
Heatwave. File photo

Temperature likely to cross 40°C in Karachi tomorrow: PMD

May 29, 2025
See all

Prices

File photo
Prices

Petrol price hiked by Re1 per litre in Pakistan

by MM News Staff
May 31, 2025

The federal government has increased the petrol price by Re1 for the next 15...

LGP prices have been slashed ahead of Ramadan. File photo

LPG prices announced for June 2025

May 31, 2025
representative image

Gold prices further drop in Pakistan

May 31, 2025
Foreign Currency

Foreign currency exchange rates in Pakistan, 31 May 2025

May 31, 2025
See all

Transport News

(Image: Dawn)
National

Karachi residents protest load-shedding; National Highway blocked

by MM News Staff
May 31, 2025

The public is protesting against unannounced load-shedding in various areas of Karachi. Due to...

file photo

Govt extends bid submission deadline for PIA privatization

May 27, 2025
File photo

Sindh launches crackdown on overcharging transporters ahead of Eid ul Adha

May 26, 2025
(Representational Image)

THESE ten countries likely to reject your Schengen visa application

May 25, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.