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IMF deploys emergency financing for 70 nations amid COVID-19
Sat, Jun 20, 2020
The International Monetary Fund (IMF) has said it is expected to deploy emergency financing for 70 countries by Friday as the COVID-19 pandemic continues to ripple across the globe.
Cheap crude to be a new normal, oil income-dependent economies will have to diversify: IMF's chief economist Gita Gopinath
Wed, Apr 22, 2020
As the global oil markets remain under intense pressure, it seems like there is no quick recovery for the global crude prices from the historical fall witnessed recently.
IMF, World Bank urge countries to keep trade open
Mon, Apr 20, 2020
The International Monetary Fund (IMF) and the World Bank Group (WBG) have called on countries to keep trade open as the world battles the COVID-19 pandemic, warning that export controls on medical supplies and other essentials could backfire
India says IMF liquidity boost may have costly side effects
Fri, Apr 17, 2020
India`s finance minister said on Thursday the country could not support a general allocation of new Special Drawing Rights by the International Monetary Fund because it might not be effective in easing coronavirus-driven financial pressures
IMF sees coronavirus-induced global downturn 'way worse' than financial crisis
Sat, Apr 04, 2020
The coronavirus pandemic has brought the global economy to a standstill and plunged the world into a recession that will be "way worse" than the global financial crisis a decade ago, said IMF official.
IMF stresses urgency of reforms in Lebanon to restore economic stability
Mon, Oct 28, 2019
"We`re studying it, we need to see not only what is in the package but also the timeline of the package for a country like Lebanon that has such high level of debt over GDP (gross domestic product) and high levels of twin deficits," Jihad Azour, director of the IMF`s Middle East and Central Asia Department told Reuters.
IMF-World Bank Annual Meetings 2019: FM Sitharaman says trade wars, protectionism have generated uncertainties
Sat, Oct 19, 2019
Finance Minister Nirmala Sitharaman called for ‘concerted action’ to mitigate the disruption on account of synchronous slowdown and to invoke the spirit of multilateralism for global growth.
IMF sidesteps clash with US over funding, delays shareholding changes to 2023
Sat, Oct 19, 2019
IMF Managing Director Kristalina Georgieva announced the decision at the Fund`s and World Bank`s annual meetings, saying that the initiative will provide confidence that the IMF can adequately support member countries as they deal with slowing global growth.
India is world's fastest-growing economy, but this time there is a tie with China, says IMF
Tue, Oct 15, 2019
IMF`s projected growth rate of 6.1 per cent for 2019-20 is consistent with the Indian Monetary Policy Committee`s forecast.
US-China trade war starting to weigh on global economy: IMF
Fri, Sep 13, 2019
The International Monetary Fund said that the trade war between the United States and China is already triggering a global economic slowdown.
IMF to ship $5.4 billion in cash to Argentina under standby credit deal
Sat, Jul 13, 2019
The International Monetary Fund board said on Friday it would ship $5.4 billion (£4.3 billion) in cash to Argentina after approving a fourth review of a standby credit deal with the crisis-stricken South American nation.
Warning! What IMF MD Christine Lagarde has to say on technology giants using big data and AI and impact on financial system
Sat, Jun 08, 2019
International Monetary Fund Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world`s financial system.
Trade war, tariffs pose risks to U.S. and global growth: IMF, Fed officials
Thu, Jun 06, 2019
Officials of the U.S. Federal Reserve and International Monetary Fund separately warned on Thursday that global trade tensions and rising tariffs posed an increasing risk to decades of U.S. expansion, as well as to the global economy.
IMF looking forward to work with new govt of PM Modi
Fri, May 24, 2019
In March, the International Monetary Fund (IMF) said India has been one of the fastest growing large economies in the world.
Global finance officials say risks to growth skewed to downside
Sun, Apr 14, 2019
Global financial officials on Saturday said risks to worldwide economic growth were "tilted to the downside" due to factors such as trade tensions, policy uncertainty and the sudden tightening of financial conditions.
Oil prices dip on global growth worry, possible output rise
Wed, Apr 10, 2019
Oil fell from five-month highs on Tuesday after the International Monetary Fund cut its global economic growth forecasts and as Russia signalled it may retreat from its production-cutting deal with OPEC.
India one of world's fastest growing large economies, carried out several key reforms in last 5 years: IMF
Fri, Mar 22, 2019
India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has said, asserting that the country has carried out several key reforms in the last five years, but more needs to be done.
World leaders discuss future of global economy at Dubai summit
Mon, Feb 11, 2019
The World Government Summit in Dubai, attended by more than 4,000 delegates from 140 countries representing the business, cultural and political sectors, featured speeches and discussions on peace, development and the present and future of the global economy.
IMF's Christine Lagarde says oil exporters have not fully recovered from oil shock, cautions against 'white elephant projects'
Sat, Feb 09, 2019
Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on "white elephant projects".
India's economy gets big thumbs up from these 3 international organisations
Tue, Jan 22, 2019
Three international organisations have endorsed India`s growth story recognising it as the world's fastest growing major economy for this and the next three years and in two reports raised some of their earlier projections.