IMF Backs Modi Government's Economic Policies; Expects India To Rev Up Global Growth As China Falters
The IMF’s World Economic Outlook report, released on Tuesday, has not only raised India's growth forecast by 0.3 percentage points to 6.8 per cent for 2024-25 but also sees the country as a bright spot "supporting global growth over the medium term and spill over to other countries".
Apr 18, 2024, 08:33 AM IST
How much impact will Iran-Israel war have on International markets?
Iran Attack on Israel: Signs of weakness are being seen in markets around the world due to the fear of increasing tension between Iran and Israel.
Apr 15, 2024, 09:50 AM IST
Japan Loses Its Position As The World's Third-Largest Economy To Germany
For the latest October-December quarter, the Japanese economy shrank at an annual rate of 0.4 percent, and minus 0.1 percent from the previous quarter.
Feb 15, 2024, 15:19 PM IST
IMF Says Asia On Track To Again Deliver Two-Thirds To Global Growth In 2024
For 2023, IMF has estimated growth at 4.7 percent, compared to its 4.6 percent projection it had made in October.
Feb 02, 2024, 09:23 AM IST
Indian Economy To Grow At Around 6.5% In FY24: NITI Aayog Member Virmani
The International Monetary Fund (IMF) also lowered India's economic growth projection for the current fiscal to 5.9 percent from 6.1 percent earlier.
Apr 30, 2023, 16:06 PM IST
FM Sitharaman To Embark On US Tour From Today; To Attend WB Group, IMF Meets
FM will also be attending the G20 meetings and other associated meetings, which are scheduled to take place from April 10 to April 16.
Apr 10, 2023, 09:00 AM IST
Cash-Strapped Pakistan Fail To Strike Deal With IMF On Bailout Package As 'Painful' Reforms Awaited
Pakistan inked a USD 6 billion IMF programme in 2019, which last year expanded to USD 7 billion.
Mar 10, 2023, 09:51 AM IST
Take steps to function as a country: IMF tells cash-starved Pakistan
The IMF chief's statement came days after the two sides concluded the ninth review of the USD 6.5 billion bailout package without a staff-level agreement after 10 days of talks. However, both sides agreed to a set of measures that could still help clinch the deal.
Feb 20, 2023, 12:32 PM IST
'Treatment of Cancer With Aspirin': Imran Khan's Dig at IMF Loan Deal Amid Pakistan's Economic Crisis
Former Pakistan Prime Minister Imran Khan said that Pakistan is plunging into a financial crisis and more chaos like Sri Lanka is expected.
Feb 17, 2023, 13:42 PM IST
Deadlock Continues as Pakistan, IMF Fail to Reach Staff-Level Pact on Bailout Package
The IMF's loan is critical for Pakistan's economy as the State Bank of Pakistan (SBP)-held foreign exchange reserves have dropped to USD 2.91 billion.
Feb 10, 2023, 06:22 AM IST
IMF Concludes First Round of 'Tough Talks' With Cash-Strapped Pakistan, Places new Demands
The ongoing negotiations between IMF and crisis-hit Pakistan, which started on January 31, have been termed "tough" by Prime Minister Shehbaz Sharif.
Feb 05, 2023, 06:53 AM IST
'IMF giving tough time, loan conditions beyond imagination': Pakistan PM Shehbaz Sharif
Pakistan has agreed to increase petroleum prices and allowed a market base exchange rate but that seems too little and too late. The fund wants more measures to increase revenues.
Feb 04, 2023, 07:07 AM IST
Cash-Strapped Pakistan Hold Talks With IMF in bid to Unlock $7 Billion Bailout
The IMF funding is critical for Pakistan, which has barely enough foreign exchange reserves to cover three weeks of imports.
Feb 01, 2023, 06:40 AM IST
Bumpy Ride Ahead for Pakistan as IMF Spots Rs 2 Trillion Breach in Sharif Govt's Budgetary Estimates
Pakistan has requested the IMF for a waiver of Rs 500 billion on account of flood expenditures for calculating the budget deficit, especially the primary deficit for the current fiscal year 2022-23.
Jan 28, 2023, 15:02 PM IST
Big Setback for Pakistan: No consensus with IMF to bail out power sector as economic crisis unfolds
It may be recalled that the IMF was supposed to release the 9th review tranche by November 3rd to Pakistan but the same has now been delayed by almost two months.
Dec 23, 2022, 18:19 PM IST
Explainer | What is a currency crisis and how have countries emerged from it?
Apart from Sri Lanka and Pakistan's recession row, Egypt has heavily devalued its currency twice this year and sought an International Monetary Fund (IMF) bailout. Romania is propping up its currency with interventions and Turkey is also facing a currency crisis
Nov 23, 2022, 18:04 PM IST
No prospect of recession in India, economy to grow 6-7 percent in next fiscal: Rajiv Kumar
Elaborating further, former Niti Aayog vice chairman said that like Punjab is a double landlocked state and Tamil Nadu is a coastal state and it has centuries of trading experience. "So, to have the same policies of both those states, for example, is not relevant.
Nov 20, 2022, 13:07 PM IST
'India has emerged as 'a bright light' at a time when the world is facing imminent prospects of a recession': IMF Chief
In its World Economic Outlook on Tuesday, the IMF projected a growth rate of 6.8 per cent in 2022 as compared to 8.7 per cent in 2021 for India.
Oct 13, 2022, 16:07 PM IST
Nirmala Sitharaman holds back-to-back bilaterals on sidelines of IMF-World Bank meetings
Sitharaman is on an official visit to the United States to attend the IMF and the World Bank annual meetings, the G20 Finance Ministers and the Central Bank Governor (FMCBG) Meetings.
Oct 13, 2022, 11:18 AM IST
IMF Deputy Director hails India's direct cash transfer scheme, calls it a ‘A logistical marvel’
Addressing a Fiscal Monitor Press Briefing, IMF`s Deputy Director of Fiscal Affairs Department Paolo Mauro said the global lender has several examples of how companies deploy cash transfers and "there is a lot to learn" from India.
Oct 13, 2022, 07:43 AM IST
