BIZARRE: Fund | Mind Blowing Facts

In first-ever climate crisis amends, Nepal to get $21.6 million

The decision taken this week by the UN body, the Fund for Responding to Loss and Damage (FRLD), in its emergency meeting assumes significance as it is not only a kind of admission that climate change causes such extreme events, but also an endorsement of the principle that historical polluters…

The Times of India · Oct 25

Nepal to get $20m from UN climate fund after deadly flash floods, covering just 1% of recovery bill

The fund’s board agreed on Thursday, at its first extraordinary meeting, to set the money aside, the first time the fund has responded to a disaster, after Nepal became the first country to invoke its emergency procedures

The Independent UK · Oct 23

John Swinney demands new North Sea Energy Wealth Fund ringfenced for Scotland

JOHN Swinney has demanded the UK Government’s new North Sea Energy Wealth Fund be ringfenced for the north east of Scotland after the Jackdaw gas field was approved.

The National (Scotland) · Oct 21

IMF reaches staff-level deal with Sri Lanka for $345 million in financing

The International Monetary Fund has agreed to a $345 million financing deal with Sri Lanka. This deal is contingent upon the upcoming 2027 budget being compliant with the programme's terms. Sri Lanka aims to restructure its debt as part of its ongoing economic recovery. Global trade conditions and energy prices…

The Economic Times · Oct 5

Trump Got the Photo Op. The IMF, World Bank and IDB May Decide Venezuela's Comeback

Trump and Delcy Rodríguez met at the UN with no deals disclosed. Her talks with the IMF, World Bank and IDB may shape Venezuela's recovery more.

Latin Times · Sep 23

Bolivia's New Diesel Price Explained: Who's Striking, Who Made a Deal, and What's Next

Bolivia's diesel price rose 83% overnight as Paz scraps the subsidy ahead of an IMF vote. What's confirmed, what's disputed, and what comes next.

Latin Times · Sep 21

IMF team to visit Pakistan for crucial $7-bn bailout review, next tranche in focus

The International Monetary Fund (IMF) is set to return to Pakistan on September 23 for a crucial review of its $7 billion bailout programme, with the outcome likely to determine the release of the next tranche and shape Islamabad’s economic policy in the months ahead.

The Times of India · Sep 14

India has shown ‘quite a lot of resilience’ to oil price shock, says IMF as it welcomes stronger statistical framework

Acknowledging India's strength in weathering increased energy prices, the International Monetary Fund has praised the country's economic stability during a tumultuous global landscape. The real GDP growth for the April-June quarter notably exceeded initial expectations. While the IMF appreciates advancements in statistical frameworks, it calls for persistent improvements in data…

The Economic Times · Sep 11

Senegal and IMF strike $2.2bn deal, two years after debt scandal froze funding

Senegal and the International Monetary Fund have reached a staff-level agreement on a new $2.2 billion (€1.9 billion) lending programme, nearly two years after an earlier deal was suspended following the discovery of previously unreported public debt.

Radio France Internationale · Sep 2

Who pays for a shadow fleet oil spill? No one

The most effective way to stop rogue oil tankers may be to call them what they are: an environmental threat.

Fortune · Aug 28