Washington, Jan 31 (IANS) India’s economy has retained the crown of “a bright spot” in the International Monetary Fund’s latest World Economic Outlook report released on Monday and it is slated to account for half of the global growth in 2023,
Colombo, Jan 20 (IANS) India’s External Affairs Minister, S. Jaishankar, arrived here on Thursday amid written assurance given to the International Monetary Fund (IMF) of India’s strong support for Sri Lanka’s debt restructuring process. During his two-day visit, Jaishankar will meet
New Delhi, Jan 11 (IANS) Prime Minister Narendra Modi on Wednesday said that institutions and credible voices that track the global economy have unprecedented confidence in India. Virtually addressing the Madhya Pradesh Global Investors’ Summit 2023 being held in Indore, Modi
Washington, Jan 2 (IANS) International Monetary Fund (IMF) chief Kristalina Georgieva has warned that a third of the global economy will be in recession this year and 2023 will be “tougher” than 2022 as the US, EU and China will see
Colombo, Dec 8 (IANS) Sri Lanka on Thursday passed the budget for 2023 with tax hikes and major reforms to please the International Monetary Fund (IMF) to address the current financial crisis. The budget, presented by President Ranil Wickremesinghe, was
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
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,
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
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
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
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
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
“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
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
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
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
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
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
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)
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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