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International Monetary Fund News
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COVID-19: IMF, World Bank urge countries to keep trade open
Mon, Apr 20, 2020
World Bank President David Malpass, meanwhile, said at a virtual press conference on Friday that big countries need to step forward and pledge not to use the crisis as a reason to close or block the markets.
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 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.
Bulgarian economist Kristalina Georgieva to succeed Christine Lagarde as new IMF Managing Director
Thu, Sep 26, 2019
Bulgarian economist Kristalina Georgieva, 66, will begin her five-year term as managing director on Oct. 1.
Christine Lagarde resigns as IMF chief
Wed, Jul 17, 2019
Christine Lagarde was nominated for the presidency of the European Central Bank (ECB), as part of the European Union (EU) leaders' agreement.
IMF raises forecast for US to 2.6% in 2019
Fri, Jun 07, 2019
It stressed that although the US is the world`s leading economy, life expectancy "well below that of other G7 countries", there are still almost 45 million Americans living in poverty and that the distribution of income and wealth distribution "is increasingly polarized".
Forex reserves swell by USD 1.87 bn to USD 413.8 bn
Fri, Apr 12, 2019
Expressed in dollar terms, foreign currency assets include the effect of appreciation/ depreciation of non-US currencies like the euro, pound and the yen held in the reserves.
India needs to bolster level of capitalisation of government-owned banks: IMF
Thu, Apr 11, 2019
Tobias Adrian, Financial Counsellor and Director, Monetary and Capital Markets Department of the IMF, said that there continues to be a high stock of Non-performing Assets in India.
Some reforms in India show benefits of digitalisation, reduction in frauds: IMF
Wed, Apr 10, 2019
External scrutiny by Supreme Audit Institutions (SAIs), parliaments and civil society helps safeguard the integrity of public finances and hold civil servants and elected officials accountable, the IMF said.
India to grow 7.3% this year, fastest for major economies, says International Monetary Fund
Tue, Apr 09, 2019
India will retain its record as the world's fastest-growing major economy, expanding at a rate of 7.3 per cent this fiscal year despite a cut of 0.2 per cent from the projection made in January: International Monetary Fund (IMF)'s World Economic
Egypt to slash fuel subsidies as it nears end of IMF programme
Sat, Apr 06, 2019
The government noted it had also put in place a hedging mechanism to protect against shocks in oil and other commodities. In its review, however, the IMF "advised caution in using financial instruments with upfront costs that protect only temporarily against extreme price movements", referring to hedging.
IMF's Lagarde says global growth loses momentum amid rising trade tensions
Tue, Apr 02, 2019
International Monetary Fund Managing Director Christine Lagarde said on Tuesday that global growth has lost momentum amid rising trade tensions and tighter financial conditions.
SBI chief sees bad loan provision falling after two quarters
Fri, Oct 12, 2018
On Friday, State Bank of India, the country`s largest lender, sees its provision for bad loans remaining high for at least the next two quarters, after which it will start softening as it steps up efforts to improve asset quality, its chairman said.
IMF warns trade friction, market turmoil to hurt Asian growth
Fri, Oct 12, 2018
Sustained trade tensions could slash Asia`s economic growth by up to 0.9 percentage point in coming years, the International Monetary Fund said, urging policymakers in the region to liberalise markets to offset the fall in export sales.
IMF says too many euro zone countries not using good times to cut debt
Fri, Oct 12, 2018
Too many euro zone countries are missing the opportunity to reduce debt now, when economic growth is good, to prepare for the next economic downturn, the head of the International Monetary Fund`s European department Poul Thomsen said.
Pakistan cash crisis: Imran Khan to approach IMF for bailout package
Mon, Oct 08, 2018
After initial hesitance and delays, Pakistan Monday announced to approach the International Monetary Fund (IMF) for a bailout package to address the mounting balance of payments crisis faced by the cash-strapped country.
World Bank, IMF and WTO: 'India's story compelling evidence that openness in services contributes to growth'
Sun, Sep 30, 2018
On Sunday, India's economic reforms and growth story offer compelling evidence that openness in services contributes to long run growth performance, the IMF, World Bank and WTO said in a joint report.
India's growth remains quite robust into future: IMF
Wed, Jul 18, 2018
The IMF on Monday forecast a growth rate of 7.3 per cent in 2018 and 7.5 per cent in 2019 for India, which was down by 0.1 per cent and 0.3 per cent respectively than its April projections.
What can power GDP growth in India: 3 steps to windfall gains for people
Fri, Jun 29, 2018
To sustain the high growth rate India has achieved, the country should carry out banking sector reforms; continue with fiscal consolidation, simplify and streamline GST; and renew impetus on reforms, the International Monetary Fund (IMF) said today.
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