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Tag: bailout

Facing its worst economic crisis, Pakistan reaches draft deal for critical US$3 billion IMF bailout

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Read more on this: https://sc.mp/29qg Pakistan has reached a draft deal for US$3 billion in financial aid from the International Monetary Fund (IMF) after an 8-month delay, the IMF announced on June 30, 2023. The decision was long awaited by the South Asian nation, which has been teetering on the brink of default while struggling with…

German bailout of struggling energy giant may reach €60 billion – Bloomberg

Uniper is facing financial ruin after the reduction in Russian natural gas supplies Berlin is getting ready to boost financial aid to Uniper, the country’s largest gas supplier, which has been brought to the brink of insolvency due to rising energy prices, Bloomberg reported citing sources familiar with the matter. According to the report, the government may up the aid to €60 billion ($60 billion)….

🇬🇭 Ghana in crisis: U-turn on IMF bailout sparks outcry | The Stream

Ghana’s economy has been crippled by the pandemic, rampant inflation, the war in Ukraine and a depreciating currency. Now analysts warn that the country is close to a crisis. In May the central bank governor said Ghana faced an overall balance of payments deficit of $934.5m in the first quarter of 2022, compared with $429.9m in the same period last year. Growth slowed to 3.3…

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