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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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Who is Gita Gopinath? The first female chief economist of IMF

Who is Gita Gopinath? The first female chief economist of IMF

Tue, Jan 08, 2019

Born in India in 1971, Gopinath was is a US citizen and an Overseas Citizen of India. She received her PhD in economics from Princeton University in 2001 after earning her bachelor’s degree from the University of Delhi.

Operational independence of central banks important for carrying out their responsibilities: IMF By Lalit K Jha

Operational independence of central banks important for carrying out their responsibilities: IMF By Lalit K Jha

Fri, Dec 14, 2018

IMF on Thursday said "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities

IMF Chief Economist praises India's fundamental economic reforms, says growth performance has been 'very solid'

IMF Chief Economist praises India's fundamental economic reforms, says growth performance has been 'very solid'

Mon, Dec 10, 2018

He said one risk that has become much more evident in the last few years has been non-bank finance, usually called shadow banking. "There is a big challenge of stricter, oversight," the economist said.

Indian American Gita Gopinath faces tough global landscape to navigate: IMF chief economist

Indian American Gita Gopinath faces tough global landscape to navigate: IMF chief economist

Mon, Dec 10, 2018

Indian-American Gita Gopinath, the first woman to be appointed as the IMF chief economist, faces a "tough landscape", her outgoing predecessor has said, exuding confidence that she would successfully meet the challenges in the coming years.

Slim chance of Pak getting IMF bailout by Jan 15: Report

Slim chance of Pak getting IMF bailout by Jan 15: Report

Fri, Dec 07, 2018

Pakistan's desire to get an IMF bailout package approved by January 15 may not be fulfilled as the global monetary body wants Islamabad to adopt steeper measures to address the external sector imbalances before sending the cash-strapped country's case to its Executive Board, according to a media report.

RBI-Govt row: IMF expresses opposition to any move that compromises central bank's independence

RBI-Govt row: IMF expresses opposition to any move that compromises central bank's independence

Fri, Nov 02, 2018

The row was sparked off last Friday when RBI Deputy Governor Viral Acharya in a hard-hitting speech warned that undermining central bank's independence could be "potentially catastrophic", possible indication of the RBI being pushed to relax its policies ahead of general elections next year.

China echoes IMF pledges to avoid using currency as trade war tool

China echoes IMF pledges to avoid using currency as trade war tool

Sat, Oct 13, 2018

China`s top central banker on Saturday pledged to keep the yuan currency`s value "broadly stable," a sign that Beijing may be trying to prevent a bruising trade dispute with the United States from spilling over into a currency war.

IMF chief Christine Lagarde warns against trade, currency wars, urges fix to global rules

IMF chief Christine Lagarde warns against trade, currency wars, urges fix to global rules

Thu, Oct 11, 2018

The United States and China have slapped tit-for-tat tariffs on hundreds of billions of dollars of each other`s goods over the past few months, rattling financial markets as investors worry that the escalating trade conflict could knock global trade and investment.

Nations with more comfortable balance sheets have more space to respond to adverse developments: IMF

Wed, Oct 10, 2018

Countries having more comfortable balance sheets have more space to respond to adverse developments in the economy, a top official of the International Monetary Fund (IMF) said Wednesday, urging nations to manage assets better.

India could be yesterday's China for world, but job crisis haunts; IMF has solution

India could be yesterday's China for world, but job crisis haunts; IMF has solution

Wed, Aug 08, 2018

Even as India's economic outlook remains positive with the country predicted to be the pivot of global growth in coming decades, failure to create enough jobs for the youth remains a big problem.

Experts split over Indian economy; here is what makes economists cut growth forecast

Experts split over Indian economy; here is what makes economists cut growth forecast

Wed, Jul 18, 2018

In a latest move, the International Monetary Fund (IMF) has trimmed India's GDP growth forecast for Indian economy to 7.3% for FY19 fiscal from previous 7.5%.

IMF cuts India's growth projection, but it still retains world's top spot at 7.3 pct

IMF cuts India's growth projection, but it still retains world's top spot at 7.3 pct

Mon, Jul 16, 2018

The report said that for such a scenario the "possible triggers include rising trade tensions and conflicts, geopolitical concerns, and mounting political uncertainty". Citing the tariff increases by the US and retaliation by other countries, it said they "could derail the recovery and depress medium-term growth prospects".

India must address banking sector crisis to support investment, inclusive growth agenda: IMF

India must address banking sector crisis to support investment, inclusive growth agenda: IMF

Fri, Jun 08, 2018

International Monetary Fund Spokesman Gerry Rice responding to a question on India's banking sector crisis said Indian authorities have made progress in addressing the stock of non-performing assets and were taking further measures to deal with the flow problem.

Big boost for Narendra Modi on economy; India No. 1, check these 10 points

Big boost for Narendra Modi on economy; India No. 1, check these 10 points

Wed, May 09, 2018

In a big boost for PM Narendra Modi, it has been revealed by IMF's Asia and Pacific Regional Economic Outlook report today that India will be the fastest growing economy in the world in 2018.

With infrastructure growth on the agenda, Centre and IMF set up May 4 meet

With infrastructure growth on the agenda, Centre and IMF set up May 4 meet

Wed, May 02, 2018

The meeting will see the participation of top-level officers from PMO, finance ministry, aviation, road transport, urban development, rural development and DIPP as well as the chairman of land leasing policy of NITI Aayog among others.

IMD forecast: Monsoon outlook powers Nifty, but volatility on way

IMD forecast: Monsoon outlook powers Nifty, but volatility on way

Mon, Apr 23, 2018

The Information Technology (IT), FMCG and Metal sectors outperformed gaining between 4-5% taking cues from the strong rally in base metal prices on LME. Tata Consultancy Services (TCS) results and guidance were above street expectations and it became India’s first company with a market capitalisation of Rs 6.5 lakh crore.

Indian elephant ready to run after economic reforms: IMF official

Indian elephant ready to run after economic reforms: IMF official

Sun, Apr 22, 2018

Changyong Rhee said now the Indian government was working on structural reform and the coming elections will be very important. "What we are saying is that the coming election will be very important, but we believe and we hope that the Modi government would not slow down the reform effort and implementation (of reforms). Because that will determine India's future," he said. "So, we really hope that this election would not derail the Modi government's efforts to reform," the senior IMF official said

IMF endorses Japan's preference of TPP over two-way trade deal

IMF endorses Japan's preference of TPP over two-way trade deal

Sun, Apr 22, 2018

A multilateral framework like the Trans-Pacific Partnership pact works better in fixing trade imbalances than a bilateral deal, IMF Deputy Managing Director Mitsuhiro Furusawa said in an endorsement of Japan`s calls for Washington to rejoin TPP.

India's role to expand in Indo-Pacific region: IMF

India's role to expand in Indo-Pacific region: IMF

Sat, Apr 21, 2018

While answering a question on the role India can play in the development and growth of the Indo-Pacific region, Ken Kang, Deputy Director of Asia and Pacific Department in the International Monetary Fund, said there is scope to do more on trade reform

IMF forecast for India: Bad news for economic reforms coming

IMF forecast for India: Bad news for economic reforms coming

Fri, Apr 20, 2018

IMF chief Christine Lagarde on Wednesday said she does not expect the pace of economic reforms in India to continue in an election year. She made the remarks during an interaction with reporters at the start of the spring meeting of the international finance organisations.

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