China achieved 2.3 percent GDP year-on-year growth in 2020, becoming the only major economy to register positive growth despite the global economic recession triggered by the novel coronavirus outbreak.
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The year 2020 turned out to be what was not expected. As the COVID-19 pandemic unfolds across various parts of the world, Ghana was hit by COVID in March 2020.
IMF grants over Rs200b spending waiver to fight Covid
Executive board to give final approval this month provided Pakistan fulfils all agreed actions
PHOTO: AFP
ISLAMABAD:
The International Monetary Fund (IMF) has granted over Rs200 billion spending waiver to create fiscal space for mitigation of the coronavirus contagion – an amount which is less than half of the remaining unspent funds committed under the Prime Minister’s Covid-19 Relief Fund 2020.
The over Rs200 billion fiscal adjuster is part of the staff-level arrangement agreed between Pakistan and the IMF this month, sources in the Ministry of Finance said. The agreement is subject to the approval of the IMF Executive Board that may meet this month, provided Pakistan fulfils all the agreed actions.