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IMF projects India growth to be solid at 6.5% in 2025 and 2026

IMF projects India growth to be solid at 6.5% in 2025 and 2026

Sat, Jan 18, 2025

In India, the economic growth is projected to be solid at 6.5 per cent in 2025 and 2026, as projected in October and in line with potential, the International Monetary Fund (IMF) has said in its latest World Economic Outlook (WEO) update.

Indian economy likely to be a little weaker in 2025: IMF MD

Indian economy likely to be a little weaker in 2025: IMF MD

Sat, Jan 11, 2025

The Indian economy is expected to be "a little weaker" in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade policy of the US.

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.

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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'.

IMF's economic view: Brighter outlook for China and India but tepid global growth

IMF's economic view: Brighter outlook for China and India but tepid global growth

Tue, Jul 16, 2024

Overall, the IMF said Tuesday that it still expects the world economy to grow a lackluster 3.2 per cent this year, unchanged from its previous forecast in April and down a tick from 3.3 per cent growth in 2023.

Pakistan reaches new USD 7 billion loan deal with IMF

Pakistan reaches new USD 7 billion loan deal with IMF

Sat, Jul 13, 2024

The International Monetary Fund stated that continued strong financial support from Pakistan's development and bilateral partners would be critical for the programme to achieve its objectives.

Financial stability challenges need to be discussed, IMF MD echoes RBI Governor's sentiments

Financial stability challenges need to be discussed, IMF MD echoes RBI Governor's sentiments

Sat, Jun 08, 2024

Changes are being driven by many factors--from economic developments to geopolitics to climate--and by the force of ever-accelerating technological advancement.

Sri Lanka has made 'strong progress' on debt restructuring front: IMF

Sri Lanka has made 'strong progress' on debt restructuring front: IMF

Sat, Jun 08, 2024

Addressing a press conference on Friday, International Monetary Fund (IMF) Communication Department Director Julie Kozack asserted that Sri Lanka has made "sufficiently strong progress on the debt restructuring front".

IMF's second review for extended fund facility set for June 12: Sri Lanka Finance Minister

IMF's second review for extended fund facility set for June 12: Sri Lanka Finance Minister

Mon, Jun 03, 2024

In March, the International Monetary Fund (IMF) 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 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.

IMF doubts cash-strapped Pakistan's repayment capacity as support team arrives in Islamabad

IMF doubts cash-strapped Pakistan's repayment capacity as support team arrives in Islamabad

Sat, May 11, 2024

The Washington-based bank's assessment of Pakistan's economy came as an IMF support team reached the country on Friday to hold talks with officials here after Islamabad requested a fresh bailout package under the Extended Fund Facility (EFF).

IMF warns of high downside risks for Pakistan's economy

IMF warns of high downside risks for Pakistan's economy

Sat, May 11, 2024

The International Monetary Fund (IMF) has issued a stark warning about Pakistan's economic future, highlighting exceptionally high downside risks in its latest report.

Sri Lanka looks for USD 17 billion debt reduction from restructuring

Sri Lanka looks for USD 17 billion debt reduction from restructuring

Wed, May 08, 2024

The current debt restructuring negotiations revolve around USD 46 billion, mainly involving private bondholders.

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, World Bank cite significant progress in debt restructuring cases

IMF, World Bank cite significant progress in debt restructuring cases

Thu, Apr 18, 2024

The IMF and the World Bank convened the roundtable, which brings together debtor countries, creditors, international financial institutions and the private sector to jumpstart long-stalled debt restructuring processes and build greater understanding on ways to address challenges.

IMF Report: India Projected as Growth Leader Among Major Economies

IMF Report: India Projected as Growth Leader Among Major Economies

Wed, Apr 17, 2024

Former Chief Economic Advisor Ved Jain weighs in on the IMF's latest World Economic Outlook, affirming India's position as the primary driver of global growth. With projections indicating India's sustained economic expansion, Jain predicts consistent growth rates above 7% throughout the decade.

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.

Pakistan, IMF conclude final review for $1.1 billion disbursement, sources say

Pakistan, IMF conclude final review for $1.1 billion disbursement, sources say

Wed, Mar 20, 2024

The IMF mission held meetings with Pakistani officials in Islamabad during a five-day visit to review the fiscal consolidation benchmarks set for the loan.

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.

Maldives at "high risk" of external, overall debt distress, says IMF

Maldives at "high risk" of external, overall debt distress, says IMF

Thu, Feb 08, 2024

The President also said that the "Maldivian government has officially communicated that it will not renew the agreement enabling foreign nations to measure and map the Maldivian oceans and coastlines.

IMF reflects on 2023 economic trends: Climate change, trade and reserve assets

IMF reflects on 2023 economic trends: Climate change, trade and reserve assets

Fri, Jan 05, 2024

In 2023, deemed the warmest year on record, the urgency for climate action was underscored. The IMF's Climate Change Indicators Dashboard highlighted that transitioning to a lower-carbon future aligns with environmental goals and offers substantial economic benefits.

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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