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Sitharaman flags downside risks to economy at IMF meet

Sitharaman flags downside risks to economy at IMF meet

🕔16:09, 15.Oct 2022

New Delhi, Oct 15 (IANS) Union Finance Minister Nirmala Sitharaman shared concerns on key downside risks to the economy owing to slowdown in growth in major economies during a meeting at the International Monetary Fund (IMF) headquarters in Washington D.C. While

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India a bright spot on otherwise dark horizon: IMF chief

India a bright spot on otherwise dark horizon: IMF chief

🕔07:19, 14.Oct 2022

Wahington, Oct 14 (IANS) International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday said that India deserves to be called a bright spot “on this otherwise dark horizon because it has been a fast-growing economy, even during these difficult times,

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World could lose $4 tn in economic output between now and 2026: IMF

World could lose $4 tn in economic output between now and 2026: IMF

🕔17:36, 7.Oct 2022

Minneapolis, Oct 7 (IANS) The global economic outlook is darkening and the risks of recession are quickly rising as per the International Monetary Fund, which said it will once again lower its growth projections, CNN reported. “We estimate that countries accounting

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IMF chief says India ‘a bright spot’ in global economy

IMF chief says India ‘a bright spot’ in global economy

🕔07:14, 8.Sep 2022

New Delhi, Sep 8 (IANS) International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva on Thursday said that despite global uncertainty and headwinds, India continues to be a bright spot in the global economy. She made the statement during her meeting with

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Ex-CEA K. Subramanian to be India’s Executive Director at IMF

Ex-CEA K. Subramanian to be India’s Executive Director at IMF

🕔07:22, 26.Aug 2022

New Delhi, Aug 26 (IANS) Former Chief Economic Adviser (CEA) Krishnamurthy Subramanian will be the Executive Director for India at the International Monetary Fund (IMF) from November onwards. The Appointments Committee of Cabinet (ACC), in an order issued on Thursday, said

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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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