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China echoes IMF pledges to avoid using currency as trade war tool

China echoes IMF pledges to avoid using currency as trade war tool

Sat, Oct 13, 2018

China`s top central banker on Saturday pledged to keep the yuan currency`s value "broadly stable," a sign that Beijing may be trying to prevent a bruising trade dispute with the United States from spilling over into a currency war.

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IMF chief Christine Lagarde warns against trade, currency wars, urges fix to global rules

IMF chief Christine Lagarde warns against trade, currency wars, urges fix to global rules

Thu, Oct 11, 2018

The United States and China have slapped tit-for-tat tariffs on hundreds of billions of dollars of each other`s goods over the past few months, rattling financial markets as investors worry that the escalating trade conflict could knock global trade and investment.

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Nations with more comfortable balance sheets have more space to respond to adverse developments: IMF

Wed, Oct 10, 2018

Countries having more comfortable balance sheets have more space to respond to adverse developments in the economy, a top official of the International Monetary Fund (IMF) said Wednesday, urging nations to manage assets better.

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India could be yesterday's China for world, but job crisis haunts; IMF has solution

India could be yesterday's China for world, but job crisis haunts; IMF has solution

Wed, Aug 08, 2018

Even as India's economic outlook remains positive with the country predicted to be the pivot of global growth in coming decades, failure to create enough jobs for the youth remains a big problem. 

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Experts split over Indian economy; here is what makes economists cut growth forecast

Experts split over Indian economy; here is what makes economists cut growth forecast

Wed, Jul 18, 2018

In a latest move, the International Monetary Fund (IMF) has trimmed India's GDP growth forecast for Indian economy to 7.3% for FY19 fiscal from previous 7.5%.  

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IMF cuts India's growth projection, but it still retains world's top spot at 7.3 pct

IMF cuts India's growth projection, but it still retains world's top spot at 7.3 pct

Mon, Jul 16, 2018

The report said that for such a scenario the "possible triggers include rising trade tensions and conflicts, geopolitical concerns, and mounting political uncertainty". Citing the tariff increases by the US and retaliation by other countries, it said they "could derail the recovery and depress medium-term growth prospects".

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India must address banking sector crisis to support investment, inclusive growth agenda: IMF

India must address banking sector crisis to support investment, inclusive growth agenda: IMF

Fri, Jun 08, 2018

International Monetary Fund Spokesman Gerry Rice responding to a question on India's banking sector crisis said Indian authorities have made progress in addressing the stock of non-performing assets and were taking further measures to deal with the flow problem. 

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Big boost for Narendra Modi on economy; India No. 1, check these 10 points

Big boost for Narendra Modi on economy; India No. 1, check these 10 points

Wed, May 09, 2018

In a big boost for PM Narendra Modi, it has been revealed by IMF's Asia and Pacific Regional Economic Outlook report today that India will be the fastest growing economy in the world in 2018.

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With infrastructure growth on the agenda, Centre and IMF set up May 4 meet

With infrastructure growth on the agenda, Centre and IMF set up May 4 meet

Wed, May 02, 2018

The meeting will see the participation of top-level officers from PMO, finance ministry, aviation, road transport, urban development, rural development and DIPP as well as the chairman of land leasing policy of NITI Aayog among others. 

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IMD forecast: Monsoon outlook powers Nifty, but volatility on way

IMD forecast: Monsoon outlook powers Nifty, but volatility on way

Mon, Apr 23, 2018

The Information Technology (IT), FMCG and Metal sectors outperformed gaining between 4-5% taking cues from the strong rally in base metal prices on LME. Tata Consultancy Services (TCS) results and guidance were above street expectations and it became India’s first company with a market  capitalisation of Rs 6.5 lakh crore.     

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Indian elephant ready to run after economic reforms: IMF official

Indian elephant ready to run after economic reforms: IMF official

Sun, Apr 22, 2018

Changyong Rhee said now the Indian government was working on structural reform and the coming elections will be very important. "What we are saying is that the coming election will be very important, but we believe and we hope that the Modi government would not slow down the reform effort and implementation (of reforms). Because that will determine India's future," he said.  "So, we really hope that this election would not derail the Modi government's efforts to reform," the senior IMF official said

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IMF endorses Japan's preference of TPP over two-way trade deal

IMF endorses Japan's preference of TPP over two-way trade deal

Sun, Apr 22, 2018

A multilateral framework like the Trans-Pacific Partnership pact works better in fixing trade imbalances than a bilateral deal, IMF Deputy Managing Director Mitsuhiro Furusawa said in an endorsement of Japan`s calls for Washington to rejoin TPP.

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India's role to expand in Indo-Pacific region: IMF

India's role to expand in Indo-Pacific region: IMF

Sat, Apr 21, 2018

While answering a question on the role India can play in the development and growth of the Indo-Pacific region, Ken Kang, Deputy Director of Asia and Pacific Department in the International Monetary Fund, said there is scope to do more on trade reform

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IMF forecast for India: Bad news for economic reforms coming

IMF forecast for India: Bad news for economic reforms coming

Fri, Apr 20, 2018

IMF chief Christine Lagarde on Wednesday said she does not expect the pace of economic reforms in India to continue in an election year. She made the remarks during an interaction with reporters at the start of the spring meeting of the international finance organisations.

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Control over debt level major challenge for China, says IMF

Control over debt level major challenge for China, says IMF

Thu, Apr 19, 2018

China has to tackle two challenges: the overall rebalancing of its economy, and the issue of vertical imbalance in the public finances. 

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India to grow at 7.4 per cent in 2018: IMF

India to grow at 7.4 per cent in 2018: IMF

Tue, Apr 17, 2018

According to the IMF, India has made progress on structural reforms in the recent past, including through the implementation of the GST, which will help reduce internal barriers to trade, increase efficiency, and improve tax compliance. "While the medium-term growth outlook for India is strong, an important challenge is to enhance inclusiveness," the report said.  

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Trade war: IMF chief warns against protectionism, says it threatens economic growth

Trade war: IMF chief warns against protectionism, says it threatens economic growth

Wed, Apr 11, 2018

President Donald Trump last month imposed steep tariffs on steel and aluminum imports, and announced pending tariffs on $50 billion in Chinese goods in retaliation for alleged theft of intellectual property. Since then Washington and Beijing have escalated threats of new import duties, raising the real risk of an all-out trade war. Governments "need to steer clear of protectionism in all its forms," Lagarde urged. 

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Need to rethink migration policies to boost labour supply: IMF

Need to rethink migration policies to boost labour supply: IMF

Mon, Apr 09, 2018

Labour market policies and institutions, together with structural changes and gains in educational attainment, account for the bulk of the dramatic increase in the labour force attachment of prime-age women and older workers in the past three decades.

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Unemployment major challenge for India but reforms would create jobs: IMF

Unemployment major challenge for India but reforms would create jobs: IMF

Fri, Mar 30, 2018

Noting that India has been one of the fastest growing large economies in recent times, International Monetary Fund spokesperson, Gerry Rice, said this has led to improvement in reducing poverty and improvements in living standards. "Our view is that recent reforms, particularly the implementation of GST, national goods and services tax, should help boost efficiency and productivity and overtime will contribute to help them create jobs in the formal sector," Rice said when asked if India is experiencing jobless growth.

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Unemployment in India a major challenge, but reforms would create jobs: IMF

Thu, Mar 29, 2018

Acknowledging that unemployment is a major challenge that India is facing currently, the IMF today exuded confidence that the reforms being carried out in India in the last few years would end up creating new jobs in the country. 

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