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International Monetary Fund (IMF)

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Tue, Oct 22, 2024

India's GDP growth is likely to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025 because the pent-up demand accumulated during Covid has exhausted, as the economy reconnects with its potential, the International Monetary Fund (IMF) said on Tuesday.

Open to exploring more ways to increase India's collaboration with IMF: FM Nirmala Sitharaman

Open to exploring more ways to increase India's collaboration with IMF: FM Nirmala Sitharaman

Sat, Aug 17, 2024

During the meeting, Gopinath congratulated the Finance Minister on policy continuity in the fiscal consolidation path being followed by the Government of India.

IMF releases $336 million tranche to Sri Lanka amid 'knife-edged' path to debt sustainability

IMF releases $336 million tranche to Sri Lanka amid 'knife-edged' path to debt sustainability

Thu, Jun 13, 2024

The IMF has disbursed the third tranche of USD 336 million from its USD 2.9 billion bailout package to Sri Lanka, despite the caution that the economy of the cash-strapped nation remains vulnerable.

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IMF upgrades its forecast for China's economy, but says reforms are needed to support growth

IMF upgrades its forecast for China's economy, but says reforms are needed to support growth

Wed, May 29, 2024

The IMF's report, issued late Tuesday, said the world's second-largest economy will likely expand at a 5% annual rate this year, based on its growth in the first quarter and recent moves to support the property sector.

IMF says 'significant progress' made in talks with Pakistan on new bailout package

IMF says 'significant progress' made in talks with Pakistan on new bailout package

Fri, May 24, 2024

The IMF has said that “significant progress” has been achieved during talks with Pakistani officials towards reaching a staff-level agreement for an extended fund facility for the cash-strapped country.

Cash-strapped Pakistan makes formal request to IMF for another bailout

Cash-strapped Pakistan makes formal request to IMF for another bailout

Sat, Apr 20, 2024

Cash-strapped Pakistan also requested to dispatch the International Monetary Fund (IMF) review mission next month to firm up details of the next bailout package for three years under the Extended Fund Facility (EFF).

IMF applauds India for maintaining fiscal discipline in election year

IMF applauds India for maintaining fiscal discipline in election year

Fri, Apr 19, 2024

IMF recognised India for its fiscal discipline even in election year, as India emerges as one of the fastest major economies in the world

IMF tells Asian central banks not to follow Fed too closely

IMF tells Asian central banks not to follow Fed too closely

Fri, Apr 19, 2024

The IMF's staff analysis showed that U.S. interest rates have a "strong and immediate" impact on Asian financial conditions and exchange rates, Krishna Srinivasan, director of the lender's Asia and Pacific Department, said in a briefing on the region's outlook.

India to remain global growth driver in foreseeable future: IMF Executive Director

India to remain global growth driver in foreseeable future: IMF Executive Director

Wed, Apr 17, 2024

Subramaniam, India's former Chief Economic Adviser, said that the IMF has revised its projection for growth for India in 2024 to 7.8 per cent, which he emphasised reflects overall growth.

World moving towards recession but Indian economy expanding continuously: Experts on IMF report

World moving towards recession but Indian economy expanding continuously: Experts on IMF report

Tue, Apr 16, 2024

According to IMF, countries with a demographic dividend could help support growth in the global workforce, in which nearly two in every three new entrants over the medium term will come from India and sub-Saharan Africa.

IMF reaches staff-level agreement with Sri Lanka for $337 million bailout

IMF reaches staff-level agreement with Sri Lanka for $337 million bailout

Thu, Mar 21, 2024

The IMF on Thursday said it has reached a staff-level agreement with Sri Lanka for the next phase that would enable it access to USD 337 million from the nearly USD 3 billion bailout approved in 2023 for the cash-strapped country.

IMF makes strong growth projections for India in 2024, says global 'soft landing' in sight

IMF makes strong growth projections for India in 2024, says global 'soft landing' in sight

Tue, Jan 30, 2024

The IMF's chief economist, Pierre-Olivier Gourinchas, stated that the global lender's updated World Economic Outlook indicated that a "soft landing" was imminent, but overall growth and global trade remained below the historical average.

IMF completes Sri Lanka's first review, allowing for disbursement of $337 million

IMF completes Sri Lanka's first review, allowing for disbursement of $337 million

Wed, Dec 13, 2023

The Executive Board of the International Monetary Fund (IMF) has completed Sri Lanka's first review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the South Asian country to access about $337 million to support its economic policies and reforms.

India's macroeconomy sound, fiscally disciplined: International Monetary Fund

India's macroeconomy sound, fiscally disciplined: International Monetary Fund

Sat, Oct 14, 2023

The overall macroeconomic environment in India is "pretty sound", it is fiscally disciplined and the central bank moved fast to bring inflation under control, said the International Monetary Fund (IMF).

IMF board to meet on July 12 to review Pakistan's loan agreement

IMF board to meet on July 12 to review Pakistan's loan agreement

Wed, Jul 05, 2023

Pakistan government and IMF reached a long-awaited staff-level agreement on June 29 to inject USD 3 billion into the ailing economy after months-long negotiations that pushed the country to the brink of default.

Who is Ajay Banga? Meet the Indian-American nominated to lead World Bank

Who is Ajay Banga? Meet the Indian-American nominated to lead World Bank

Fri, Feb 24, 2023

According to the White House, Banga has extensive experience leading successful organisations in developing countries and forging public-private partnerships to address financial inclusion and climate change.

Cash-strapped Pakistan's weekly inflation rise to 38.4%

Cash-strapped Pakistan's weekly inflation rise to 38.4%

Sat, Feb 18, 2023

The Sensitive Price Index (SPI), used to measure short-term inflation, rose to 38.42 per cent on a year-on-year (YoY) basis in the outgoing week, The Express Tribune newspaper reported, quoting the latest data of the Pakistan Bureau of Statistics.

International Monetary Fund says Ukraine to require at least $39.5-bn external financing in 2023

International Monetary Fund says Ukraine to require at least $39.5-bn external financing in 2023

Sun, Dec 25, 2022

The Ukrainian economy, which was severely hit by the Russia-Ukraine conflict, is expected to shrink by between 32-35 per cent this year after a 3.4 per cent growth in 20

IMF says it fully supports India's G20 agenda

IMF says it fully supports India's G20 agenda

Sat, Dec 03, 2022

The G20's Bali Declaration last month acknowledged differences among members on the Russia-Ukraine war but stressed that it was essential to adhere to international law, including the protection of civilians caught in conflicts.

India 'a bright spot on otherwise darker horizon': IMF Managing Director Kristalina Georgieva

India 'a bright spot on otherwise darker horizon': IMF Managing Director Kristalina Georgieva

Thu, Oct 13, 2022

Prominent among the structural reforms are the "remarkable success" in digitalisation in India, from digital ID to providing all services and support on the basis of digital access," she said. "This has indeed been a huge factor for India's success," she said.

Russia Ukraine War Effect: IMF dims outlook for 2023 global economy

Russia Ukraine War Effect: IMF dims outlook for 2023 global economy

Tue, Oct 11, 2022

IMF Managing Director Kristalina Georgieva, noting the grim backdrop to this week's fall meetings of the IMF and the World Bank in Washington, warned that the "risks of recession are rising" around the world and that the global economy is facing a "period of historic fragility."

Sri Lanka Interim Budget: President Ranil Wickremesinghe says negotiation with IMF on bailout package is in final stage

Sri Lanka Interim Budget: President Ranil Wickremesinghe says negotiation with IMF on bailout package is in final stage

Tue, Aug 30, 2022

President Wickremesinghe, who is also the finance minister of the cash-strapped country, told Parliament that the interim budget will lay the foundation for changing the economic design which existed in the country so far.

IMF warns high inflation, Ukraine war pushing world economy to brink of recession; cuts global growth outlook

IMF warns high inflation, Ukraine war pushing world economy to brink of recession; cuts global growth outlook

Wed, Jul 27, 2022

World growth had rebounded in 2021 to 6.1% after the COVID-19 pandemic crushed global output in 2020 with a 3.1% contraction.

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