New Delhi, Sept 09: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) called on the President of India, Droupadi Murmu at Rashtrapati Bhavan today (September 9, 2022). Welcoming Georgieva to Rashtrapati Bhavan, the President said that the world
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
“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
Washington, March 2 (IANS) World Bank and the International Monetary Fund (IMF) has announced that they are working together to support Ukraine on the financing and policy fronts and are urgently increasing that support. IMF Managing Director Kristalina Georgieva and World
United Nations, Jan 26 (IANS) India’s economy is projected to grow by 9 per cent in the next financial year (FY23), retaining its position as the fastest-growing major economy, the International Monetary Fund (IMF) reported on Tuesday citing its expectations of
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
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
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
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,
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
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
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
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
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
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
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
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
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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