Sat, Aug 12, 2023
The IMF is all set to conduct the first review of the USD 2.9 billion bailout to Sri Lanka from September 11-19, state minister of finance Ranjith Siyambalapitiya said on Saturday and declared that the country has successfully fulfilled the nine conditions set by the global lender.
Tue, May 23, 2023
Today the International Monetary Fund considers India a bright spot in the global economy and the World Bank believes that if anyone is challenging global headwinds, it is India, said Prime Minister Narendra Modi in Sydney, Australia, on Tuesday.
Fri, Mar 03, 2023
The central bank raised the benchmark interest rate by 300 bps, taking the total increase to 1,050 bps since January 2022 to counter rising inflation.
Tue, Feb 21, 2023
Facing a severe economic crisis amid depleting forex reserves, Pakistan will raise taxes on a bunch of luxury imports and services to unlock the next tranche of the International Monetary Fund (IMF) loan
Tue, Oct 11, 2022
Growth rate projections for China is 3.2 per cent, down from 8.1 per cent growth rate in 2021.
Thu, Oct 06, 2022
Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University on Thursday that things are more likely to get worse before it gets better", saying the Russian invasion of Ukraine that began in February has dramatically changed the IMF's outlook on the economy
Tue, Sep 13, 2022
Recalling Prime Minister Narendra Modi's statement about reform in multilateral institutions, the finance minister said they have to make themselves relevant for the 21st century.
Wed, Sep 07, 2022
As per an IMF resolution, the 16th General Review of Quotas should be concluded by December 15, 2023. Any adjustment in quota shares would be expected to result in an increase in the voting rights of emerging countries in line with their relative positions in the world economy
Mon, Sep 05, 2022
India toppled the UK from its position in the final three months of 2021 to become the fifth-biggest economy. The calculation is based in US dollars, and India extended its lead in the first quarter, according to GDP figures from the International Monetary Fund.
Wed, Jan 26, 2022
Gita Gopinath takes over as International Monetary Fund’s (IMF) first Deputy Managing Director today as she stepped down for the position of Chief Economist. She will be succeeded by Pierre-Olivier Gourinchas, a French economist
Wed, Jan 05, 2022
The International Monetary Fund’s spokesperson has said on Tuesday that the World Economic Outlook would be released on Jan. 25, a week later than anticipated, to take into account the latest COVID-19 developments, amid concerns that another downgrade is on the way.
Fri, Oct 15, 2021
"The global economic recovery continues. But divergences between economies persist, reflecting stark differences in vaccine access and policy support," the IMFC said.
Tue, Aug 03, 2021
The International Monetary Fund's (IMF) board of governors has approved a new general allocation of Special Drawing Rights (SDR) equivalent to $650 billion, the largest ever in the organisation's history, in an effort to boost global liquidity amid the Covid-19 pandemic
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.
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.
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.
Thu, Sep 26, 2019
Bulgarian economist Kristalina Georgieva, 66, will begin her five-year term as managing director on Oct. 1.
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.
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".
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.
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.
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.
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
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