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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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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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Emerging from ‘very tough’ 2nd wave, India keeps top global spot with 9.5% GDP growth

Emerging from ‘very tough’ 2nd wave, India keeps top global spot with 9.5% GDP growth

🕔21:09, 12.Oct 2021

United Nations, Oct 12 (IANS) India has emerged from a “very tough second wave” of Covid-19, Gita Gopinath, the International Monetary Fund’s (IMF) Chief Economist, said on Tuesday at the release of the flagship report that showed India continuing to

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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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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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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 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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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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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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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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