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Nirmala Sitharaman to visit Mexico and US from October 17 to October 26

Nirmala Sitharaman to visit Mexico and US from October 17 to October 26

Tue, Oct 15, 2024

Finance Minister Nirmala Sitharaman is scheduled to leave on Tuesday night for an official visit to Mexico and the US, during which she will attend a host of meetings including annual gatherings of the IMF and the World Bank, and the G20 Finance Ministers' meetings with central bank governors. The finance minister will also engage i bilateral meetings with several countries and organisations during this official trip.

IMF pledges continued support for Sri Lanka's economic reforms

IMF pledges continued support for Sri Lanka's economic reforms

Sat, Oct 05, 2024

The International Monetary Fund (IMF) said that it will continue its close engagement with Sri Lanka's economic team to set a date for the third review of the IMF-supported program. An IMF team led by Krishna Srinivasan, director of the Asia Pacific Department, visited Sri Lanka from October 2 to October 4.

Can India become $55 trillion economy by 2027? May appear audacious but achievable, says IMF's Krishnamurthy V Subramanian

Can India become $55 trillion economy by 2027? May appear audacious but achievable, says IMF's Krishnamurthy V Subramanian

Mon, Aug 12, 2024

International Monetary Fund (IMF) Executive Director Krishnamurthy V Subramanian said India's private credit to GDP ratio was 58 per cent in 2020, six decades behind the advanced economies which are now at 200 per cent, though there is phenomenal work being done in terms of financial inclusion through schemes like 'Pradhan Mantri Jan-Dhan Yojana'.

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Pak Minister hints at settling issues for stalled IMF bailout, promises "relief budget"

Pak Minister hints at settling issues for stalled IMF bailout, promises "relief budget"

Thu, Jun 01, 2023

This comes after Prime Minister Shehbaz Sharif's telephone conversation with Kristalina Georgieva, the managing director of the Washington-based lender, the previous weekend.

Sri Lankan economy to grow in 2024 after contracting this year: IMF

Sri Lankan economy to grow in 2024 after contracting this year: IMF

Tue, May 16, 2023

The IMF official said the country's economic prospects hinge quite critically on the implementation of the economic reform program it had agreed in particular for five key areas

India's economic resilience: IMF predicts Indian economy will grow by nearly 6 per cent this fiscal year

India's economic resilience: IMF predicts Indian economy will grow by nearly 6 per cent this fiscal year

Fri, Apr 28, 2023

Despite facing formidable challenges, India stands tall and steadfast, emerging as a beacon of resilience in the global economy., says IMF.

Pakistan government shares plan with IMF to secure additional USD 3 billion support: Report

Pakistan government shares plan with IMF to secure additional USD 3 billion support: Report

Wed, Apr 19, 2023

Debt-ridden Pakistan has shared its plan with the IMF to secure an additional USD 3 billion to meet the mandatory financing assurances laid by the global lender for it to release the country's stalled bailout plan, it emerged on Wednesday.

Finance Minister Sitharaman at IMF meet says India projected to grow at 7% in 2022-23

Finance Minister Sitharaman at IMF meet says India projected to grow at 7% in 2022-23

Sat, Apr 15, 2023

Finance Minister Sitharaman underlined the learning from the pandemic that digitalisation, especially digital public infrastructure (DPI) is a positive-catalyst for the global economy and how India`s DPI revolutionised access and created a vibrant entrepreneurial ecosystem.

IMF urges tighter fiscal policy to help tame inflation

IMF urges tighter fiscal policy to help tame inflation

Thu, Apr 13, 2023

In the last two years, global debt posted the steepest decline in decades and stood at 92 per cent of GDP at the end of last year, which is still about 8 percentage points above pre-pandemic projections.

IMF Reduces India's Growth Rate Estimate From 6.1% To 5.9%

IMF Reduces India's Growth Rate Estimate From 6.1% To 5.9%

Wed, Apr 12, 2023

IMF has reduced India's growth rate forecast for 2023-24 from 6.1% to 5.9%. Why did IMF reduce India's growth forecast? What will be its impact on the market? Know the complete details in this video.

IMF slashes Pak growth rate estimate to 0.5 per cent for FY23

IMF slashes Pak growth rate estimate to 0.5 per cent for FY23

Wed, Apr 12, 2023

The revision in Pakistan's growth prospects is in line with similar 0.4 per cent and 0.6 per cent projected last week by the World Bank and the Asian Development Bank, respectively.

Sitharaman meets IMF's Gita Gopinath, discusses downside risks to economy

Sitharaman meets IMF's Gita Gopinath, discusses downside risks to economy

Wed, Apr 12, 2023

According to the Finance Ministry, Sitharaman congratulated Gopinath for accelerating India`s work on the Global Sovereign Debt Roundtable along with the World Bank and reiterated New Delhi`s commitment to foster efforts to address growing debt vulnerabilities.

World Economic Outlook: IMF lowers India's growth projection to 5.9 per cent; improves China's forecast

World Economic Outlook: IMF lowers India's growth projection to 5.9 per cent; improves China's forecast

Tue, Apr 11, 2023

In its annual outlook, the IMF has cut India's growth projection from its earlier rate of 6.1 per cent. Meanwhile, China's growth rate is projected to be 5.2 per cent in 2023 and 4.5 per cent in 2024 against its growth rate of three per cent in 2022

Interest rates likely to fall to pre-Covid levels in advanced economies, IMF says

Interest rates likely to fall to pre-Covid levels in advanced economies, IMF says

Tue, Apr 11, 2023

The Washington-based financial institution said ageing populations would be one factor likely to lower inflation.

IMF head expects less than 3 per cent global economic growth in 2023

IMF head expects less than 3 per cent global economic growth in 2023

Thu, Apr 06, 2023

IMF chief said growth is expected to remain around 3 per cent for the next five years, calling it "our lowest medium-term growth forecast since 1990, and well below the average of 3.8 per cent from the past two decades."

India's world class digital infra worth emulating by many nations: IMF Paper

India's world class digital infra worth emulating by many nations: IMF Paper

Thu, Apr 06, 2023

The government of India estimates that, up to March 2021, about 1.1 per cent of GDP in expenditure was saved due to the digital infrastructure and other governance reforms

IMF welcomes progress made by Sri Lankan authorities

IMF welcomes progress made by Sri Lankan authorities

Wed, Mar 08, 2023

The International Monetary Fund on Tuesday welcomed the progress made by Sri Lanka in taking some decisive policy actions to address its economic woes and obtaining financing assurances from all their major creditors, including China, India and the Paris Club.

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

Pakistan Economic Crisis: Pak PM Shehbaz Sharif faces IMF heat during loan restoration talks

Pakistan Economic Crisis: Pak PM Shehbaz Sharif faces IMF heat during loan restoration talks

Fri, Feb 03, 2023

Pakistan Economic Crisis: Pakistan's central bank said on Friday that its foreign exchange reserves have dropped by 16.1 per cent to USD 3.09 billion at the end of the last fiscal week, the lowest in nearly 10 years.

Inflation in India expected to come down to 5% in 2023 and 4% in 2024: IMF

Inflation in India expected to come down to 5% in 2023 and 4% in 2024: IMF

Tue, Jan 31, 2023

Inflation in India is expected to come down from 6.8 per cent in the current fiscal year ending March 31 to 5 per cent the next fiscal, and then drop further to 4 per cent in 2024, the International Monetary Fund (IMF) said on Tuesday.

IMF sees India as 'bright spot' in global economy, says PM Modi; lauds country's strong macroeconomic fundamentals

IMF sees India as 'bright spot' in global economy, says PM Modi; lauds country's strong macroeconomic fundamentals

Wed, Jan 11, 2023

Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "bright spot" in the global economy.

Recession will hit a third of the world this year, warns IMF chief Kristalina Georgieva

Recession will hit a third of the world this year, warns IMF chief Kristalina Georgieva

Mon, Jan 02, 2023

Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday during a CBS news programme "Face the Nation."

Global debt well above pre-pandemic levels despite steep 2021 drop: IMF

Global debt well above pre-pandemic levels despite steep 2021 drop: IMF

Tue, Dec 13, 2022

Twitter Blue Tick News: In dollar terms, global debt continued to rise, although at a much slower rate, reaching a record $235 trillion last year.

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