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International Monetary Fund
Gita Gopinath takes charge as IMF’s first Deputy MD; downgrades global economic outlook for 2022 in her swansong as chief economist
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
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IMF delays release of new forecast to January 25 to factor in COVID-19 developments
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.
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IMF approves largest SDR allocation in history
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
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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.
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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.
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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".
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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.
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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
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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.
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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.
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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.
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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.
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