IMF

Greece 'accepts' IMF role in bailout: Eurogroup chief

Eurogroup chief Jeroen Dijsselbloem on Thursday said Greece had "fully accepted" that the International Monetary Fund take a role in its third bailout programme despite Athens earlier saying the fund is no longer needed.

Jan 14, 2016, 20:56 PM IST

Global growth will be disappointing in 2016 says IMF's Lagarde

Global economic growth will be "disappointing" next year, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.

Dec 30, 2015, 15:37 PM IST

US Congress passes IMF quota reform to benefit India and China

The reform gives more voting rights to countries like India and China - and is a much better reflective of the global economic scene was struck for the past several years as the Congress.

Dec 19, 2015, 19:38 PM IST

China welcomes US Congress' ratification of IMF quota reforms

China on Saturday welcomed the US Congress' ratification of the 2010 quota and governance reforms of the IMF that will give more voting rights and "enhance" the representativeness of emerging economies including India at the international institution.

Dec 19, 2015, 19:04 PM IST

IMF chief Christine Lagarde to stand trial for negligence over Tapie payout

Lagarde was placed under formal investigation in 2014 for negligence in the long-running affair for allowing arbitration in a dispute between the tycoon and partly state-owned bank Credit Lyonnais.

Dec 17, 2015, 22:03 PM IST

IMF backs early rollout of GST, says will help create jobs, boost output

Pitching for an early take-off of the Goods and Services Tax, IMF managing director Christine Lagarde Wednesday said it will help India create more jobs, increase revenue as well as promote domestic manufacturing.

Dec 16, 2015, 22:25 PM IST

IMF warns of uncertainty around Brexit vote

A referendum on whether Britain should leave the European Union would create economic uncertainty, IMF chief Christine Lagarde said in a report Friday, adding she hoped the country would remain in the bloc.

Dec 11, 2015, 22:41 PM IST

IMF urges ECB to use all tools to support eurozone

The International Monetary Fund welcomed moves announced by the European Central Bank on Thursday to support the eurozone, and urged it to use its entire toolbox to spur growth.

Dec 03, 2015, 22:58 PM IST

China leaves India trailing in race for reserve currency status

China`s accession to the International Monetary Fund`s elite has left behind India, whose cautious approach to liberalisation means the rupee is unlikely to be a viable candidate for reserve currency status for at least a decade.

Dec 01, 2015, 22:31 PM IST

No "big bang jump" for Rupee onto world stage: Raghuram Rajan

RBI Governor Raghuram Rajan Tuesday said the inclusion of Chinese yuan into IMF's reserve currency basket may lead to more devaluation of the unit but ruled out any such "big bang" internationalisation for the rupee and favoured a "steady" opening up.

Dec 01, 2015, 20:30 PM IST

India eyes steady steps, not "big bang", towards freer rupee

India is taking steady steps towards an increasingly free currency, Reserve Bank of India governor Raghuram Rajan said on Tuesday, but it will avoid a "big bang" liberalisation.

Dec 01, 2015, 14:46 PM IST

Asia shares fall on China caution, yuan jumpy ahead of IMF decision

Asian shares fell on Monday as Chinese stocks extended last week`s sharp losses, while the yuan bounced in volatile trade hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies.

Nov 30, 2015, 10:37 AM IST

IMF's yuan inclusion signals less risk taking in China

When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod.

Nov 30, 2015, 09:41 AM IST

SDR, the IMF`s special international reserve asset

The Special Drawing Right has been the International Monetary Fund`s "artificial currency" since 1969, used notably to calculate the interest rates it charges on loans to member states.

Nov 29, 2015, 09:50 AM IST

IMF poised to put Chinese yuan in elite currency basket

The International Monetary Fund is expected to approve inclusion of China`s yuan in its SDR basket of elite currencies on Monday, rewarding Beijing`s strong pursuit of the global status.

Nov 29, 2015, 09:44 AM IST

India to grow at 7.5% in 2016 against China's 6.3%: IMF

Stating that India's growth will benefit from recent policy reforms, a consequent pickup in investment, and lower commodity prices, the IMF Thursday projected a 7.5 percent growth rate for India in 2016, against China's 6.3 percent.

Nov 13, 2015, 00:00 AM IST

Subir Gokarn appointed Executive Director at IMF

Gokarn will represent India, Bangladesh, Sri Lanka and Bhutan on the Washington-based IMF's Executive Board, which is responsible for conducting the day-to-day business of the multilateral institution.

Nov 12, 2015, 17:26 PM IST

Chinese yuan weakens against USD for 8th day, lowest in month

The yuan weakened by 14 basis points against the US dollar, the China Foreign Exchange Trading System said.

Nov 12, 2015, 13:44 PM IST

Will Christine Lagarde face BRICS challenge as IMF term nears end?

As International Monetary Fund chief Christine Lagarde's mandate enters the final stretch, emerging-market powers seem hesitant about teaming up to try to wrest the job away from Europeans.

Nov 09, 2015, 03:22 AM IST