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International Monetary Fund

IMF raises India's growth projection to 6.8% in 2024

IMF raises India's growth projection to 6.8% in 2024

Tue, Apr 16, 2024

The forecast for 2024 is revised up by 0.1 percentage point from the January 2024 WEO Update, and by 0.3 percentage point from the October 2023 WEO, the IMF said.

IMF chief Georgieva says focused on job at hand, not future role

IMF chief Georgieva says focused on job at hand, not future role

Wed, Feb 28, 2024

Under a longstanding agreement, European countries traditionally nominate a candidate to lead the IMF, while the U.S. nominates a candidate to head the World Bank.

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.

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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.

Christine Lagarde resigns as IMF chief

Christine Lagarde resigns as IMF chief

Wed, Jul 17, 2019

Christine Lagarde was nominated for the presidency of the European Central Bank (ECB), as part of the European Union (EU) leaders' agreement.

IMF raises forecast for US to 2.6% in 2019

IMF raises forecast for US to 2.6% in 2019

Fri, Jun 07, 2019

It stressed that although the US is the world`s leading economy, life expectancy "well below that of other G7 countries", there are still almost 45 million Americans living in poverty and that the distribution of income and wealth distribution "is increasingly polarized".

Forex reserves swell by USD 1.87 bn to USD 413.8 bn

Forex reserves swell by USD 1.87 bn to USD 413.8 bn

Fri, Apr 12, 2019

Expressed in dollar terms, foreign currency assets include the effect of appreciation/ depreciation of non-US currencies like the euro, pound and the yen held in the reserves.

India needs to bolster level of capitalisation of government-owned banks: IMF

India needs to bolster level of capitalisation of government-owned banks: IMF

Thu, Apr 11, 2019

Tobias Adrian, Financial Counsellor and Director, Monetary and Capital Markets Department of the IMF, said that there continues to be a high stock of Non-performing Assets in India.

Some reforms in India show benefits of digitalisation, reduction in frauds: IMF

Some reforms in India show benefits of digitalisation, reduction in frauds: IMF

Wed, Apr 10, 2019

External scrutiny by Supreme Audit Institutions (SAIs), parliaments and civil society helps safeguard the integrity of public finances and hold civil servants and elected officials accountable, the IMF said.

India to grow 7.3% this year, fastest for major economies, says International Monetary Fund

India to grow 7.3% this year, fastest for major economies, says International Monetary Fund

Tue, Apr 09, 2019

India will retain its record as the world's fastest-growing major economy, expanding at a rate of 7.3 per cent this fiscal year despite a cut of 0.2 per cent from the projection made in January: International Monetary Fund (IMF)'s World Economic

Egypt to slash fuel subsidies as it nears end of IMF programme

Egypt to slash fuel subsidies as it nears end of IMF programme

Sat, Apr 06, 2019

The government noted it had also put in place a hedging mechanism to protect against shocks in oil and other commodities. In its review, however, the IMF "advised caution in using financial instruments with upfront costs that protect only temporarily against extreme price movements", referring to hedging.

IMF's Lagarde says global growth loses momentum amid rising trade tensions

IMF's Lagarde says global growth loses momentum amid rising trade tensions

Tue, Apr 02, 2019

International Monetary Fund Managing Director Christine Lagarde said on Tuesday that global growth has lost momentum amid rising trade tensions and tighter financial conditions.

SBI chief sees bad loan provision falling after two quarters

SBI chief sees bad loan provision falling after two quarters

Fri, Oct 12, 2018

On Friday, State Bank of India, the country`s largest lender, sees its provision for bad loans remaining high for at least the next two quarters, after which it will start softening as it steps up efforts to improve asset quality, its chairman said.

IMF warns trade friction, market turmoil to hurt Asian growth

IMF warns trade friction, market turmoil to hurt Asian growth

Fri, Oct 12, 2018

Sustained trade tensions could slash Asia`s economic growth by up to 0.9 percentage point in coming years, the International Monetary Fund said, urging policymakers in the region to liberalise markets to offset the fall in export sales.

IMF says too many euro zone countries not using good times to cut debt

IMF says too many euro zone countries not using good times to cut debt

Fri, Oct 12, 2018

Too many euro zone countries are missing the opportunity to reduce debt now, when economic growth is good, to prepare for the next economic downturn, the head of the International Monetary Fund`s European department Poul Thomsen said.

Pakistan cash crisis: Imran Khan to approach IMF for bailout package

Mon, Oct 08, 2018

After initial hesitance and delays, Pakistan Monday announced to approach the International Monetary Fund (IMF) for a bailout package to address the mounting balance of payments crisis faced by the cash-strapped country.

World Bank, IMF and WTO: 'India's story compelling evidence that openness in services contributes to growth'

World Bank, IMF and WTO: 'India's story compelling evidence that openness in services contributes to growth'

Sun, Sep 30, 2018

On Sunday, India's economic reforms and growth story offer compelling evidence that openness in services contributes to long run growth performance, the IMF, World Bank and WTO said in a joint report.

India's growth remains quite robust into future: IMF

India's growth remains quite robust into future: IMF

Wed, Jul 18, 2018

The IMF on Monday forecast a growth rate of 7.3 per cent in 2018 and 7.5 per cent in 2019 for India, which was down by 0.1 per cent and 0.3 per cent respectively than its April projections.

What can power GDP growth in India: 3 steps to windfall gains for people

What can power GDP growth in India: 3 steps to windfall gains for people

Fri, Jun 29, 2018

To sustain the high growth rate India has achieved, the country should carry out banking sector reforms; continue with fiscal consolidation, simplify and streamline GST; and renew impetus on reforms, the International Monetary Fund (IMF) said today.

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.

India should see growth picking up after two transitory shocks: IMF

India should see growth picking up after two transitory shocks: IMF

Thu, Mar 15, 2018

Emerging economies present a more heterogenous picture, it said. "Growth is foreseen to fall gradually in China considering the anticipated withdrawal of fiscal stimulus and moderating credit impulse, while India should see growth picking up after two transitory shocks -- the currency exchange initiative and implementation issues related to the landmark tax reform, IMF Surveillance note said.

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