08 Apr 2020

U.S. to Block Iran’s Request to IMF for $5 Billion Loan to Fight Coronavirus

The US has stated that it plans to block Iran’s request for $5 billion in emergency aid from the International Monetary Fund. Iran has requested the aid as it continues to fight the COVID-19 virus as the country has been the hardest-hit in the Middle East. However, senior officials in

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13 Mar 2020

Iran asks for billions in loans as virus death toll climbs

Iran is one of many countries to feel the damaging effects of the Coronavirus on its population and economy. Within the past week, Iran was forced to ask the International Monetary Fund (IMF) for a $5 billion dollar loan to combat the shortages in relation to the Coronavirus upon its

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17 Jan 2020

White House ‘broke law’ by withholding Ukraine aid, says watchdog

The Government Accountability Office (GAO) has ruled that by withholding financial aid from Ukraine, the Trump administration broke the law. President Trump is being accused of freezing aid to pressure Ukraine into investigating a political rival, and Ukraine has since opened a probe into separate allegations linked to the impeachment

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11 Nov 2019

IMF to release second tranche of $6 billion Pakistan loan package

The International Monetary Fund (IMF) announced on Friday that it would release the second portion of financial assistance to Pakistan. In April, the IMF agreed to the 13th bailout program for Pakistan amid a worsening economy and the financial decline of over 208 million people. The total financial support that

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