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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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Global debt at record high, IMF warns

Global debt at record high, IMF warns

Thu, Oct 06, 2016

Debt at such levels while economic growth remains tepid heightens the risk of financial crises.

Deutsche Bank needs to reassure markets: IMF official

Deutsche Bank needs to reassure markets: IMF official

Wed, Oct 05, 2016

Weak credit demand in advanced economies, in addition to low rates, is also hindering profitability, according to the IMF.

Jaitley to attend IMF-WB annual meet in US next month

Jaitley to attend IMF-WB annual meet in US next month

Sun, Sep 18, 2016

The three-day annual meeting of the International Monetary Fund and the World Bank will begin on October 7 in Washington.

India has made meaningful progress on structural reforms, Mark Mobius says

India has made meaningful progress on structural reforms, Mark Mobius says

Fri, Sep 16, 2016

According to Mobius, the emerging market will be able to weather small and gradual increases in US interest rates.

Gold steady as dollar slips ahead of Janet Yellen's speech

Gold steady as dollar slips ahead of Janet Yellen's speech

Fri, Aug 26, 2016

Gold held steady early on Friday after hitting four-week lows in the previous session when the dollar slipped ahead of a speech by US Federal Reserve Chair Janet Yellen that will be closely watched for clues on US interest rate policy. Fundamentals

World Bank's Jim Yong Kim launches bid for second term as president

World Bank's Jim Yong Kim launches bid for second term as president

Wed, Aug 24, 2016

World Bank President Jim Yong Kim on Tuesday formally launched a bid for a second five-year term as head of the multilateral development lender, whose board pledged an "open, merit-based, and transparent" selection process.

Urjit Patel is new RBI chief; here are things you need to know

Urjit Patel is new RBI chief; here are things you need to know

Sat, Aug 20, 2016

He will be the eighth deputy governor to be made the RBI chair, and will be the central bank's 24th governor.

IMF's Christine Lagarde to stand trial over $400 million Tapie payout

IMF's Christine Lagarde to stand trial over $400 million Tapie payout

Fri, Jul 22, 2016

France's highest appeals court dismissed Lagarde`s challenge against the decision to try her for negligence in her handling of a dispute between a state-owned bank and businessman Bernard Tapie.

New Development Bank: Focus on infrastructure as a niche area

New Development Bank: Focus on infrastructure as a niche area

Thu, Jul 21, 2016

Kumar said, the infrastructure plays an important role in anchoring a more flexible recovery, improving potential growth and promoting inclusive growth in the countries.

IMF cuts India’s, global growth projection on Brexit

IMF cuts India’s, global growth projection on Brexit

Wed, Jul 20, 2016

International Monetary Fund (IMF) has cut India’s growth projection by 0.1% to 7.4%. It said that India is now expected to grow at 7.4% in 2016 and 2017.

Raghuram Rajan's successor likely to be announced after PM Modi's Africa tour

Raghuram Rajan's successor likely to be announced after PM Modi's Africa tour

Tue, Jul 05, 2016

Rajan's three-year term will come to an end on September 4, as he last month announced that he would return to academia and not seek a second term.

IMF calls for "smooth transition" after Brexit

IMF calls for "smooth transition" after Brexit

Fri, Jun 24, 2016

The Finance Minister of G7 countries and governors of their central banks said they respect the intention expressed today by the people of the United Kingdom.

IMF warns Brexit could further weaken Eurozone ties

IMF warns Brexit could further weaken Eurozone ties

Thu, Jun 16, 2016

The International Monetary Fund warned on Thursday that a British vote next week to break with the European Union could stifle economic growth and weaken the ties that bind the eurozone.

Govt to take own course on second term to Raghuram Rajan: Sadananda Gowda

Govt to take own course on second term to Raghuram Rajan: Sadananda Gowda

Sun, Jun 12, 2016

Gowda also said he is not aware of the reported formation of a selection committee by the government to shortlist candidates for the post of RBI Governor.

$505 billion outflow of black money from India 'heavily exaggerated', DRI informs SC

$505 billion outflow of black money from India 'heavily exaggerated', DRI informs SC

Sun, Jun 12, 2016

The report had created quite a stir in the country following which the Special Investigation Team (SIT), headed by former Supreme Court judge Justice M B Shah, had in February this year asked the DRI to ascertain the veracity of the findings.

Raghuram Rajan's 'Rexit' won't impact Indian markets, investors assure

Raghuram Rajan's 'Rexit' won't impact Indian markets, investors assure

Wed, Jun 08, 2016

Rajan declined to comment on speculation over his future, telling reporters on Tuesday, "You will know when there is news."

RBI Monetary Policy: See where India stands on global interest rate ladder

RBI Monetary Policy: See where India stands on global interest rate ladder

Tue, Jun 07, 2016

As per IMF, based on GDP data as of 2015, United States tops the economy chart.

Want Raghuram Rajan to get 2nd term? Pledge your support at one of these 7 online petitions

Want Raghuram Rajan to get 2nd term? Pledge your support at one of these 7 online petitions

Sun, Jun 05, 2016

Some sections of the ruling BJP have openly voiced their opposition to Rajan's continuance in the post, although top government functionaries have said that any decision would be taken only closer to the end of his term.

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