International Monetary Fund projects India growth at 7.3% in 2018

Finance Minister Asad Minister briefed Prime Minister Imran Khan on the potential bailout package

Pakistan Finance Minister Asad Umar, who is attending the Fund's annual meeting in Bali, announced earlier this week that the government would seek talks with the IMF on a "stabilisation recovery programme", adding that Prime Minister Imran Khan endorsed the decision to seek economy assistance from the IMF.

Christine Lagarde, managing director of the International Monetary Fund, said she would advise Beijing and Washington to cool down, fix aspects of the world trading system that need fixing and "don't break it".

She added the International Monetary Fund needed to understand the extent of the position of the debt, including lending from sovereign governments and from state-owned enterprises, so that officials could determine a country's debt sustainability, Efe news reported.

Stepped up disclosure on debts, such as those from China, will be a requirement, Lagarde said, adding that was not only going to apply to Pakistan, but all countries.

The former cricketer said Pakistan will need $10 billion-$12 billion assistance in all, but said that should not be "a major issue".

She, however, said that spillovers could occur in various volatile ways.

Kim said the World Bank was working with developing countries to prepare for a further deterioration.

"That would certainly be a very strong recommendation that I would give".

Selena Gomez 'receiving mental health treatment after suffering emotional breakdown'
She is now believed to be receiving psychiatric care somewhere on the east coast. Her message referred to the hurtful impact of "negative comments".

He said that without free trade, there would be no hope of helping millions of people escape dire poverty.

The IMF will focus initially on the implications on monetary and financial stability and how worldwide monetary systems and global financial safety nets evolve.

The IMF slashed its global growth predictions this week, and is now forecasting 3.7 percent global growth in both 2018 and 2019.

Besides, the Africa Export Import Bank (Afreximbank) said it had committed more than $3.2 billion in Nigeria to support virtually all the financial institutions in terms of lines of credit for import and export activities as well to assist small and medium-sized enterprises (SMEs).

Indonesia has been swept up in the market turmoil triggered by rising USA interest rates and a stronger dollar, which has pushed the rupiah down 11 percent this year.

Out the few biggest economies, Mr Milesi-Ferretti particularly identified the situation in Nigeria and South Africa as capable of having the greatest impact as their sphere of influence affects a number of neighbouring countries due to their size. With record exports to China, the United States of America and Germany all helping grow the overall value of Swiss exports by 4.8 billion Swiss francs (€4.1 billion) since the first quarter of 2017.

Trump has led the escalating trade war because of what he believes are bad policies he said have created an $800 billion US trade deficit.

"While foreign investors play a critical role in financial deepening in emerging market economies, excessively high levels of participation may increase the sensitivity of emerging asset markets to external shocks", the report said.

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