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IMF slashes global growth forecast for the next 18 months

IMF slashes global growth forecast for the next 18 months

🕔05:14, 27.Jul 2022

London, July 27 (IANS) The International Monetary Fund has slashed its growth forecasts for the next 18 months after warning that the world’s three biggest economies are all stalling, The Guardian reported. In a downbeat update to its April World Economic

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World faces increasing risk of recession in next 12 months, IMF says

World faces increasing risk of recession in next 12 months, IMF says

🕔13:37, 14.Jul 2022

Washington, July 14 (IANS) The outlook for the global economy has “darkened significantly” in recent months, the head of the IMF has warned, and the world faces an increasing risk of recession in the next 12 months, The Guardian reported. The

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India offers additional $500 million after China’s muted response to Sri Lanka’s request

India offers additional $500 million after China’s muted response to Sri Lanka’s request

🕔17:03, 27.Apr 2022

“A friend in need is a friend indeed” is the saying as it goes. The dictum is in full play as India has offered Sri Lanka an additional $500 million to help it to import fuel while it is in

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India’s forex reserves rises over $2 bn

India’s forex reserves rises over $2 bn

🕔07:30, 12.Feb 2022

Mumbai, Feb 12 (IANS) India’s foreign exchange reserves rose by $2.198 billion during the week ended February 4. The Reserve Bank of India’s forex reserves increased to $631.953 billion from $629.755 billion reported for January 28. The country’s forex reserves comprises

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Gita Gopinath to replace Okamoto as IMF’s First Deputy Managing Director

Gita Gopinath to replace Okamoto as IMF’s First Deputy Managing Director

🕔07:46, 3.Dec 2021

Washington, Dec 3 (IANS) The International Monetary Fund (IMF) has announced that Gita Gopinath, currently chief economist of the IMF, is set to succeed Geoffrey Okamoto as the institution’s First Deputy Managing Director (FDMD) early next year. “Especially given that the

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India’s foreign exchange reserves up by over $1.92 bn

India’s foreign exchange reserves up by over $1.92 bn

🕔07:35, 6.Nov 2021

Mumbai, Nov 6 (IANS) India’s foreign exchange reserves rose by $1.919 billion during the week ended October 29. The Reserve Bank of India’s (RBI) forex reserves rose to $642.019 billion from $640.100 billion reported for the week ended October 22. India’s

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IMF revises down Asia economy growth forecast to 6.5%

IMF revises down Asia economy growth forecast to 6.5%

🕔09:56, 21.Oct 2021

Washington, Oct 21 (IANS) The International Monetary Fund (IMF) has revised down its 2021 economic growth forecast for Asia to 6.5 per cent, down by 1.1 percentage points from its April projection, according to a newly released regional economic outlook. “The

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FM attends Plenary Meeting of Int’l Monetary & Financial Committee

FM attends Plenary Meeting of Int’l Monetary & Financial Committee

🕔12:24, 15.Oct 2021

Washington, Oct 15 (IANS) Finance Minister Nirmala Sitharaman attended the Plenary Meeting of the International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund (IMF) held in Washington D.C. The meeting on Thursday was attended by

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IMF keeps India’s 2021-22 GDP growth at 9.5%, retains top global spot

IMF keeps India’s 2021-22 GDP growth at 9.5%, retains top global spot

🕔18:56, 12.Oct 2021

United Nations, Oct 12 (IANS) India will continue to be the world’s fastest growing major economy, clocking a growth rate of 9.5 per cent this fiscal year and 8.5 per cent in the next, according to the International Monetary Fund (IMF)

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Afghan banking system close to collapse

Afghan banking system close to collapse

🕔08:23, 29.Sep 2021

New Delhi, Sep 29  Afghanistan’s banking system is close to collapse. Syed Moosa Kaleem Al-Falahi, the Chief Executive of the Islamic Bank of Afghanistan, said the country’s financial industry is in the grip of an “existential crisis” as customers panic,

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India’s forex reserves rise by over $880 mn

India’s forex reserves rise by over $880 mn

🕔07:11, 14.Aug 2021

Mumbai, Aug 14  India’s foreign exchange reserves rose by $889 million, during the week ended August 6. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves increased to $621.464 billion from $620.576 billion reported for the

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IMF approves largest SDR allocation in history

IMF approves largest SDR allocation in history

🕔17:19, 3.Aug 2021

Washington, Aug 3  The International Monetary Fund’s (IMF) board of governors has approved a new general allocation of Special Drawing Rights (SDR) equivalent to $650 billion, the largest ever in the organisation’s history, in an effort to boost global liquidity

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IMF cuts India growth to 9.5% due to Covid Delta, but it retains top spot

IMF cuts India growth to 9.5% due to Covid Delta, but it retains top spot

🕔18:48, 27.Jul 2021

United Nations, July 27  The Delta variant-spurred Covid-19 second wave has shaved off 3 per cent from the International Monetary Fund’s (IMF) previous projection for India’s economic growth for fiscal year 2021-22, pegging it now at 9.5 per cent, but

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IMF board approves policy reforms to support low-income nations

IMF board approves policy reforms to support low-income nations

🕔13:11, 23.Jul 2021

Washington, July 23  The executive board of the International Monetary Fund (IMF) has approved a set of policy reforms to the concessional lending facilities to better support the recovery of low-income countries (LICs) from the Covid-19 pandemic. “These reforms are

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India’s forex reserves rise by over $1 bn

India’s forex reserves rise by over $1 bn

🕔07:42, 10.Jul 2021

Mumbai, July 10  India’s foreign exchange reserves rose by $1.013 billion during the week ended July 2. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves increased to $610.012 billion from $608.999 billion reported for the

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IMF proposes setting up of an int’l carbon price floor

IMF proposes setting up of an int’l carbon price floor

🕔13:31, 19.Jun 2021

Washington, June 19  The International Monetary Fund (IMF) has proposed to set up an international carbon price floor to help limit global warming and achieve the transition toward low carbon growth over this decade. “Gradually increasing price on carbon encourages

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India’s forex reserves rise by over $3 bn

India’s forex reserves rise by over $3 bn

🕔07:39, 19.Jun 2021

Mumbai, June 19  India’s foreign exchange reserves rose by $3.074 billion during the week ended June 11. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves increased to $608.081 billion from $605.008 billion reported for the

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G20 calls on IMF to prepare for new SDR allocation

G20 calls on IMF to prepare for new SDR allocation

🕔06:48, 8.Apr 2021

Washington, April 8  Finance officials from the Group of 20 (G20) major economies called on the International Monetary Fund (IMF) to prepare for a new allocation of Special Drawing Rights (SDR) while agreeing to extend debt relief for the world’s

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Indian economy to grow at historic 12.5%, but COVID wave ‘concerning’: IMF

Indian economy to grow at historic 12.5%, but COVID wave ‘concerning’: IMF

🕔07:00, 7.Apr 2021

United Nations, April 7  India’s economy is projected to grow at the historically high level of 12.5 per cent this fiscal year, but the International Monetary Fund’s (IMF) Chief Economist Gita Gopinath cautioned that the current wave of the pandemic

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IMF chief economist urges more fiscal stimulus to boost recovery

IMF chief economist urges more fiscal stimulus to boost recovery

🕔12:23, 3.Nov 2020

Washington, Nov 3  Gita Gopinath, chief economist of the International Monetary Fund (IMF), has urged policymakers to provide more fiscal stimulus to boost the recovery from the Covid-19 pandemic as the global economy is in a liquidity trap. “For the

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