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
China-backed AIIB to lend $10-15 bln a year for first five years: president-designate
The president-elect of China`s new international development bank said he expects the institution to lend $10 billion-$15 billion a year for the first five or six years, and sought to allay concerns that the lender will be a tool of Beijing.
Dec 01, 2015, 15:22 PM IST
IMF approves China`s yuan as elite reserve currency
China, the world`s second-largest economy, asked last year for the yuan to be added to the Fund`s Special Drawing Rights basket.
Dec 01, 2015, 09:21 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
G20: Modi to push for low transaction cost for remittances
With India being the largest recipient of remittances in the world, Prime Minister Narendra Modi will at the G20 Summit this weekend press for cutting transaction cost for transferring money from abroad.
Nov 10, 2015, 19:21 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
Gulf should adjust to new oil price 'reality': IMF
Gulf economies need to adjust to the "new reality" of oil prices expected to remain low for some time, the International Monetary Fund says, recommending spending cuts and income diversification.
Oct 21, 2015, 22:02 PM IST
Raghuram Rajan blasts IMF for being soft on easy money policies of West
Reserve Bank Governor Raghuram Rajan Monday took his umbrage against the accommodative monetary policies of the developed nations to the doors of the IMF and blamed it for remaining a sideline player and even praising such polices which are wreaking havoc in emerging markets.
Oct 19, 2015, 22:50 PM IST
Rajan slams IMF for 'applauding' easy money policies
He said central banks across the world are worried about deflation and want to promote growth to avert it at any cost.
Oct 19, 2015, 16:44 PM IST
Vladamir Putin asks IMF to help Ukraine pay off $3 billion debt to Russia
President Vladimir Putin called Tuesday on the International Monetary Fund (IMF) to lend an additional USD 3 billion to Ukraine to help the ex-Soviet country pay off its debt to Russia.
Oct 13, 2015, 23:24 PM IST
'Two percent global GDP lost to corruption every year'
Around $1-1.5 trillion or around two percent of global GDP, are lost to corruption every year, president of the Natural Resource Governance Institute (NRGI) has said.
Oct 12, 2015, 11:09 AM IST
India expresses concern over delay in IMF quota reform
India has voiced strong reservation to delay in implementation of the quota reform of the International Monetary Fund with Finance Minister Arun Jaitley saying IMF will be constrained in meeting its obligations in the absence of governance reforms.
Oct 10, 2015, 14:57 PM IST
IMF calls for policy upgrade for global financial stability
The IMF Wednesday called for an urgent policy upgrade to ensure global financial stability and better growth prospects, saying downside risks still prevail.
Oct 07, 2015, 20:50 PM IST
IMF meets in hostile territory of Latin America
There is loaded history lingering in the air in Peru as IMF Managing Director Christine Lagarde and her team jet into Lima for the annual meetings of the IMF and World Bank from Friday to Sunday.
Oct 06, 2015, 05:32 AM IST
Arun Jaitley to press for IMF quota reforms in Peru
Finance Minister Arun Jaitley will discuss recent developments in the global economy and lack of progress in the implementation of the 2010 IMF quota reforms during his official tour to Peru to attend IMF-World Bank meetings from October 7-11.
Oct 05, 2015, 19:40 PM IST
Chinese economy slowdown to have spillover effect in Asia: IMF
The expected slowdown in the Chinese economy, a key driver of the global growth, and its sheer size and integration into global economy mean that its performance affects those around it, the IMF said in a blog post on its website.
Oct 05, 2015, 19:20 PM IST
