Tag: IMF
-
Treasury Defends Steady Shilling as Indicator of Economic Strength
Introduction: Treasury Stands Behind the Shilling The Kenyan National Treasury has publicly defended the local currency, insisting that the shilling remains steady and that recent volatility concerns do not reflect a weakening economy. In response to media reports about potential strains flagged by the International Monetary Fund (IMF), Treasury officials emphasized that the current exchange…
-
Treasury Seeks to Reassure Public: Kenyan Shilling Stability Reflects Economic Strength
Kenya’s Shilling Maintains Ground Amid Global Voices The National Treasury has moved to calm nerves among Kenyan markets and the public by affirming that the shilling remains stable. In the wake of recent reports in some media outlets suggesting concern from international lenders such as the International Monetary Fund (IMF), the government insists that the…
-
Treasury Defends Steady Shilling: Economic Strength Behind Stable Currency
The Treasury’s Stance on a Stable Shilling The Kenyan National Treasury has publicly defended the country’s currency, the shilling, arguing that the exchange rate remains stable and that this stability is a sign of underlying economic strength. While some observers have raised concerns following commentary from international institutions, the Treasury contends that a steady shilling…
-
Reeves: Those with Broadest Shoulders Must Pay Their Fair Share in UK Tax Plan
Britain’s Budget Cliffhanger: Reeves Signals Taxation Based on Capacity Chancellor Rachel Reeves has outlined a principle that could steer the UK’s upcoming budget: those with the broadest shoulders should pay their fair share of taxes. Speaking in Washington, DC, on the eve of the autumn budget, Reeves indicated the government will pursue a package of…
-
UK set to be second-fastest growing G7 economy, IMF projects
Overview: UK poised for modest growth in a volatile global climate The United Kingdom is forecast to be the second-fastest growing economy among the world’s leading advanced economies, the IMF said in its latest World Economic Outlook. Growth is projected at about 1.3% for both 2025 and 2026, a pace that outstrips most G7 peers…
-
UK Growth Forecast: IMF Sees Second-Fastest G7 Expansion
Overview: UK poised for solid relative growth, IMF says The United Kingdom is forecast to be the second-fastest growing major economy among the G7 this year and next, according to the latest World Economic Outlook from the International Monetary Fund (IMF). The projection places the UK ahead of most peers in a year shaped by…
-
Pakistan Nears IMF Staff-Level Agreement as Flood Losses and External Accounts Take Center Stage
Pakistan Eyes Swift IMF Staff-Level Agreement Amid Flood Loss Verifications The countdown is on for Pakistan to finalise a staff-level agreement (SLA) with the International Monetary Fund (IMF), with officials signalling that a consensus could be reached at the upcoming IMF-World Bank annual meetings. The discussions, focused on the external account and verified flood-related losses,…
-
IMF staff-level agreement with Pakistan expected soon: Report
Overview: IMF ties close to Pakistan’s external accounts and flood losses Pakistan is nearing the finalisation of a staff-level agreement (SLA) with the International Monetary Fund (IMF), the Dawn newspaper reported. The deal hinges on consensus around the country’s external account and the verification of flood-related losses, as well as how these will be reflected…
-
Pakistan Moves Closer to IMF SLA Amid Flood Losses
Pakistan Inches Toward IMF Staff-Level Agreement as Flood Losses Are Tallied Pakistan is edging closer to finalising a staff-level agreement (SLA) with the International Monetary Fund (IMF), with the talks focused on the external account, verified flood-related losses, and the necessary fiscal adjustments across central and provincial accounts. The progress comes as the country prepares…
-
JPMorgan Chief Warns US Stock Market Crash Risk
Overview: A Warning from a Leading Banker In a striking warning from one of the world’s most influential financial figures, Jamie Dimon, the chair and CEO of JPMorgan Chase, warned that the probability of a U.S. stock market correction is higher than many investors appreciate. Speaking to the BBC, Dimon said he was “far more…