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Power Tariff Hike: Govt Reaches ‘Understanding’ with IMF

Summary by Business Recorder
Both sides agree that any additional financial needs will be met through tariff adjustments, sources say

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The Spanish economy is the least affected by the trade war among the largest in the European Union. The International Monetary Fund (IMF) has put figures on this impact in its annual report on the Spanish economy. With some caveats, it calculates an impact of one tenth on gross domestic product (GDP) for every 10 percentage points of US tariffs to the EU. Furthermore, the agency recommends the government to intensify and accelerate the reduction…

·Spain
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Fajr Niazi In a significant decision that will have a profound impact on the Pakistani people and economy, the Government of Pakistan and the International Monetary Fund have reached an understanding that if the revenue of the electricity sector in the fiscal year 2025-26 exceeds the allocated subsidy limit of 1.

The International Monetary Fund (IMF) estimates that each 10 percentage point increase in US tariffs on the EU "could reduce Spain's GDP by about 0.1% in the short and medium term", without considering possible non-linearities, new peaks of uncertainty and disruptions in global value chains that could lead to bottlenecks in supply.

It insists on asking Spain to advance the planned fiscal adjustment MADRID, 6 (EUROPA PRESS) The International Monetary Fund (IMF) estimates that each 10 percentage point increase in US tariffs on the EU "could reduce Spain's GDP by about 0.1% in the short and medium term", without considering possible non-linearities, [...] The entry The IMF estimates that a tariff of 10% of the US subtracts only 0.1% from Spain's GDP growth appears first in Fo…

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El Pais broke the news in Spain on Friday, June 6, 2025.
Sources are mostly out of (0)