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India’s forex reserves rise by over $1.2 billion

India’s forex reserves rise by over $1.2 billion

🕔07:54, 25.Jul 2020

Mumbai, July 25  India’s foreign exchange reserves increased by $1.275 billion, during the week ended July 17. According to the Reserve Bank of India’s weekly statistical supplement, the reserves grew to $517.637 billion from $516.362 billion reported for the week

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IMF warns on massive fiscal response, soaring public debt

IMF warns on massive fiscal response, soaring public debt

🕔19:25, 11.Jul 2020

New Delhi [India], July 11 — The global public debt is expected to exceed 100 per cent of the GDP in 2020-21 and the average overall fiscal deficit is expected to soar to 14 per cent of the GDP, the

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India’s economy projected to contract by 4.5% in FY21: IMF

India’s economy projected to contract by 4.5% in FY21: IMF

🕔07:34, 25.Jun 2020

New Delhi/Washington, June 25  Covid-19 battered India’s economy is projected to contract by 4.5 per cent this fiscal, said the International Monetary Fund. In the World Economic Outlook (WEO) forecast report, the IMF said that India’s economy is expected to

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IMF deploys emergency financing for 70 nations amid COVID-19

IMF deploys emergency financing for 70 nations amid COVID-19

🕔07:27, 20.Jun 2020

Washington, June 20  The International Monetary Fund (IMF) has said it is expected to deploy emergency financing for 70 countries by Friday as the COVID-19 pandemic continues to ripple across the globe. IMF spokesperson Gerry Rice said at a virtual

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India’s forex reserves rise by over $3.4 bn

India’s forex reserves rise by over $3.4 bn

🕔09:24, 6.Jun 2020

Mumbai, June 6  India’s foreign exchange reserves rose by over $3.436 billion during the week ended May 29. According to the RBI’s weekly statistical supplement, the overall forex reserves increased to $493.480 billion from $490.044 billion reported for the week

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COVID-19: IMF, World Bank urge countries to keep trade open

COVID-19: IMF, World Bank urge countries to keep trade open

🕔06:57, 20.Apr 2020

Washington, April 20  The International Monetary Fund (IMF) and the World Bank Group (WBG) have called on countries to keep trade open as the world battles the COVID-19 pandemic, warning that export controls on medical supplies and other essentials could

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IMF, World Bank welcome G20’s move to provide debt relief

IMF, World Bank welcome G20’s move to provide debt relief

🕔07:30, 16.Apr 2020

Washington, April 16  The International Monetary Fund (IMF) and the World Bank Group have welcomed the Group of 20 (G20)’s decision to provide temporary debt relief for the world’s poorest countries amid the COVID-19 pandemic. “We strongly welcome the decision

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WB-IMF ask creditors to suspend debt of poor countries amid Covid-19 pandemic

WB-IMF ask creditors to suspend debt of poor countries amid Covid-19 pandemic

🕔14:43, 26.Mar 2020

Washington, March 26  Washington-based World Bank Group together with the International Monetary Fund (IMF) has called on all its official bilateral creditors to suspend debt repayments of poor countries that receive loans from its concessionary window and help them tackle

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India retains world’s fastest-growing rank, tying with China: IMF

India retains world’s fastest-growing rank, tying with China: IMF

🕔19:34, 15.Oct 2019

New York, Oct 15  In the gloomy global economic picture painted by the International Monetary Fund (IMF), India retains its rank as the world’s fastest-growing major economy, tying with China, with a projected growth rate of 6.1 per cent for

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US-China trade war taking its toll: IMF

US-China trade war taking its toll: IMF

🕔06:40, 9.Oct 2019

Washington, Oct 9  The new managing director of the International Monetary Fund, Kristalina Georgieva, on Tuesday said that the trade war between the United States and China is taking its toll on the world’s economic activity in general, and on

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David Lipton to serve as acting MD: IMF board

David Lipton to serve as acting MD: IMF board

🕔12:44, 3.Jul 2019

Washington, July 3  David Lipton, first Deputy Managing Director of the International Monetary Fund (IMF), will serve as acting MD following the nomination of Christine Lagarde to the presidency of the European Central Bank (ECB), the executive board of the

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IMF raises forecast for US to 2.6% in 2019

IMF raises forecast for US to 2.6% in 2019

🕔11:28, 7.Jun 2019

Washington, June 7  The International Monetary Fund (IMF) has raised economic growth forecasts for the US to 2.6 per cent this year and 2 per cent in 2020, compared to 2.3 per cent and 1.9 per cent in April respectively,

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India to grow 7.3% this year, fastest for major economies: IMF

India to grow 7.3% this year, fastest for major economies: IMF

🕔20:20, 9.Apr 2019

United Nations, April 9 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, according to

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India to be global growth leader in 2019-20 : IMF

India to be global growth leader in 2019-20 : IMF

🕔20:37, 21.Jan 2019

United Nations, Jan 21 (IANS) The International Monetary Fund’s (IMF) World Economic Outlook Update released by chief economist Gita Gopinath on Monday said that India’s economy is expected to grow by 7.5 per cent in the 2019-20 fiscal year, keeping an

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IMF gives credit for reforms under Modi, projects India as fastest growing

IMF gives credit for reforms under Modi, projects India as fastest growing

🕔10:33, 9.Oct 2018

United Nations, Oct 9 The International Monetary Fund (IMF) on Tuesday acknowledged the economic reforms carried out under Prime Minister Narendra Modi and projected India to be the world’s fastest growing major economy this year and next. The World Economic Outlook

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No-deal Brexit will hit UK economy, warns IMF

No-deal Brexit will hit UK economy, warns IMF

🕔20:05, 17.Sep 2018

London, Sep 17 (IANS) The International Monetary Fund (IMF) on Monday warned that a “no-deal” Brexit on World Trade Organization terms will entail “substantial costs” for the UK economy. IMF Managing Director Christine Lagarde gave a speech at the Treasury in

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India fastest growing economy at 7.4% in 2018: IMF

India fastest growing economy at 7.4% in 2018: IMF

🕔09:31, 9.May 2018

United Nations, May 9  The International Monetary Fund (IMF) reaffirmed on Wednesday that India will be the fastest growing major economy in 2018, with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019 with

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India calls for ‘quota-based resource base’ for IMF

India calls for ‘quota-based resource base’ for IMF

🕔10:40, 23.Apr 2018

Washington/New Delhi, April 23  Calling for a timely review of the International Monetary Fund (IMF)’s quota system, India has urged for the creation of a robust quota-based permanent resource base for the multilateral lender to mitigate risks to the international

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IMF tells US, China to resolve trade tensions

IMF tells US, China to resolve trade tensions

🕔10:35, 23.Apr 2018

Washington, April 23  International Monetary Fund (IMF) Managing Director Christine Lagarde has called on the US and China to resolve trade tensions through rules-based multilateral institutions. On Saturday, Lagarde said both countries should work on the basis of the free

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Getting more women into formal workforce is priority for India: IMF

Getting more women into formal workforce is priority for India: IMF

🕔11:11, 21.Apr 2018

United Nations, April 21  India must focus as a priority on ensuring that more women work in the formal sector as it continues with labour reforms, according to Ken Kang, the deputy director in International Monetary Fund (IMF) Asia Pacific

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