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IMF commends India's economic resilience and growth amid global challenges

IMF commends India's economic resilience and growth amid global challenges

Tue, Dec 19, 2023

The financial sector experienced its strongest performance in years, demonstrating resilience in the face of global financial stress.

China's economic conditions to improve in 2024 - officials

China's economic conditions to improve in 2024 - officials

Mon, Dec 18, 2023

China would also continue to monitor its battered real estate market and meet the reasonable financing needs of real estate companies.

What IMF Executive Director KV Subramanian Said On Unemployment in India?

What IMF Executive Director KV Subramanian Said On Unemployment in India?

Tue, Nov 07, 2023

An Executive Director at the International Monetary Fund, Krishnamurthy V Subramanian explained why the current unemployment rate is at a five-year low. According to Subramanian If you go by the reliable Periodic Labour Force Survey data put out by the NSSO, it is absolutely clear that both in quantity and in quality, the employment situation had improved before the pandemic and has also improved since then. It is a fact that during the lockdown and during the second wave, the employment situation did worsen and this is something that is very clearly shown in the PLFS data which further enhances the trustworthiness of the PLFS data.

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IMF upgrades China's 2023, 2024 GDP growth forecasts

IMF upgrades China's 2023, 2024 GDP growth forecasts

Tue, Nov 07, 2023

The upward revision followed a decision by China to approve a 1 trillion yuan ($137 billion) sovereign bond issue and allow local governments to frontload part of their 2024 bond quotas, in a move to support the economy.

IMF steering committee calls for new funds, share plan by June 2025

IMF steering committee calls for new funds, share plan by June 2025

Sun, Oct 15, 2023

"In order to maintain the Fund’s current resource envelope until a quota increase becomes effective, we call on the Executive Board to propose transitional arrangements," the statement said.

Saurabh Mukherjea's Insights on Investing in TCS, Impact of Israel-Hamas War on Crude Prices

Saurabh Mukherjea's Insights on Investing in TCS, Impact of Israel-Hamas War on Crude Prices

Wed, Oct 11, 2023

Israel-Hamas War has no significant impact on Crude prices... Investing in TCS is beneficial for the long term... Invested in Bajaj Finance for a long time: Saurabh Mukherjee, Founder & CIO, Marcellus Investment Managers.

IMF sets mid-September dates for Sri Lanka bailout review Colombo

IMF sets mid-September dates for Sri Lanka bailout review Colombo

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.

'IMF Considers India A Bright Spot Of The Global Economy' Says PM Modi To Indian Community In Sydney

'IMF Considers India A Bright Spot Of The Global Economy' Says PM Modi To Indian Community In Sydney

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.

Pakistan economic crisis: State Bank of Pakistan bikes policy rate by 300 bps to 27-year high

Pakistan economic crisis: State Bank of Pakistan bikes policy rate by 300 bps to 27-year high

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.

Coping with an economic crisis, Pakistan pushes tax reforms to get IMF loan

Coping with an economic crisis, Pakistan pushes tax reforms to get IMF loan

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

IMF cuts India's economic growth forecast to 6.8% in 2022

IMF cuts India's economic growth forecast to 6.8% in 2022

Tue, Oct 11, 2022

Growth rate projections for China is 3.2 per cent, down from 8.1 per cent growth rate in 2021.

IMF warns of higher recession risk and darker global outlook

IMF warns of higher recession risk and darker global outlook

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

Multilateral institutions need to make themselves more relevant: FM Nirmala Sitharaman

Multilateral institutions need to make themselves more relevant: FM Nirmala Sitharaman

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.

Finance minister Nirmala Sitharaman stresses on timely completion of IMF quota review

Finance minister Nirmala Sitharaman stresses on timely completion of IMF quota review

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

After surpassing UK, India to become world's 3rd largest economy by 2029 : SBI Report

After surpassing UK, India to become world's 3rd largest economy by 2029 : SBI Report

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.

Gita Gopinath takes charge as IMF’s first Deputy MD; downgrades global economic outlook for 2022 in her swansong as chief economist

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

IMF delays release of new forecast to January 25 to factor in COVID-19 developments

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.

IMF warns of divergent recoveries from pandemic

IMF warns of divergent recoveries from pandemic

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.

IMF approves largest SDR allocation in history

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

COVID-19: IMF, World Bank urge countries to keep trade open

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

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

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

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.

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