IMF cuts India's growth projection to 1.9% in FY21
India is likely to record its worst growth performance since the 1991 liberalisation this fiscal year as the coronavirus outbreak severely disrupts the economy.
Apr 14, 2020, 18:58 PM IST
IMF lends $191.8 million to North Macedonia to soften coronavirus COVID-19 blow
The loan, which has been approved under the lender's Rapid Financing Instrument (RFI), will help the tiny Balkan country finance the health and macroeconomic stabilization measures and meet the urgent balance of payments needs arising from the virus crisis, the IMF said.
Apr 11, 2020, 10:48 AM IST
IMF, World Bank call for debt payments suspension of poorest nations hit by coronavirus COVID-19 pandemic
The World bank in a statement said, "The World Bank Group and the IMF believe it is imperative at this moment to provide a global sense of relief for developing countries as well as a strong signal to financial markets."
Mar 25, 2020, 22:39 PM IST
Growth slowdown in India temporary, expect momentum to improve going ahead: IMF chief Kristalina Georgieva
Speaking here at the WEF 2020, she also said the world appears a better place in January 2020 compared to what it was when IMF announced its World Economic Outlook in October 2019.
Jan 24, 2020, 17:02 PM IST
IMF cuts India's growth rate to 4.8% for current financial year
The IMF attributed the slash in estimate to the slowdown in demand in the domestic market and stress in the nonbank financial sector.
Jan 21, 2020, 08:14 AM IST
IMF cuts global growth forecasts as India falters, says bottom may be near
The reductions reflect the IMF`s reassessment of economic prospects for a number of major emerging markets, notably India, where domestic demand has slowed more sharply than expected amid a contraction of credit and stress in the non-bank sector.
Jan 20, 2020, 19:59 PM IST
US-China trade war starting to weigh on global economy: IMF
In its report released in Santiago in July, the IMF lowered its 2019 global growth forecast from 3.3 per cent to 3.2 per cent, citing international tensions and the US-China trade war in particular.
Sep 13, 2019, 17:57 PM IST
Former RBI Deputy Governor Subir Vithal Gokarn dead
A noted economist, Gokarn joined the IMF Executive Board as ED (India) in December 2015 and was to complete his term in October this year.
Jul 31, 2019, 17:00 PM IST
IMF cuts India's GDP growth forecast to 7% for FY20
The growth is expected to rise to 7.2 percent points in FY21, down by the projected growth rate of 7.5 in the earlier report."India`s economy is set to grow at 7.0 percent in 2019, picking up to 7.2 percent in 2020.
Jul 24, 2019, 11:05 AM IST
Christine Lagarde resigns as IMF chief, starting race for her successor
A former French finance minister, Lagarde was the first woman to head the IMF and was known among policymakers as a tough negotiator.
Jul 17, 2019, 11:53 AM IST
US pushes for 'conditionality' in IMF bailout package to Pakistan
Pakistan last month reached an agreement with IMF for a USD 6 billion bailout package aimed at shoring up its finances and strengthening a slowing economy as tries to overcome a ballooning balance-of-payments crisis.
Jun 19, 2019, 10:09 AM IST
Looking forward to working with new govt of PM Modi: IMF
"The IMF looks forward to working with Prime Minister Modi's new government," Gerry Rice said when asked about the election results in India.
May 24, 2019, 20:05 PM IST
Pakistan reaches 'agreement in principle' with IMF over bailout
The long-delayed rescue package would be Pakistan`s 13th IMF bailout programme since the late 1980s and comes at a time of worsening economic outlook for the South Asian nation of 208 million people.
Apr 15, 2019, 20:40 PM IST
International Monetary Fund lowers global growth forecast to 3.3% for 2019, warns of economic slowdown
The global lender cut said key risks included a US-China trade war and a potentially disorderly Brexit.
Apr 10, 2019, 06:25 AM IST
India one of world's fastest growing large economies: International Monetary Fund
IMF communications director Gerry Rice Thursday said, "India has of course been one of the world's fastest growing large economies of late, with growth averaging about seven per cent over the past five years."
Mar 22, 2019, 08:37 AM IST
India to be global growth leader in 2019-20, expected to grow by 7.5%: IMF
India will continue to be the world`s fastest growing major economy, the report said.
Jan 22, 2019, 10:47 AM IST
Imran Khan begging for funds worldwide: CM of Pakistan's Sindh province
"Imran Khan is going from country to country to beg (for financial aid)."
Jan 07, 2019, 16:23 PM IST
India becoming world's fastest growing economy, Rajya Sabha informed
This is borne by GDP growth of 7.6 percent in the first half of 2018-19.
Dec 20, 2018, 10:08 AM IST
IMF demands details of Pakistan's financial assistance deal with China: Report
Pakistan has been looking at an IMF bailout package to help it repair its crumbling economy.
Nov 20, 2018, 12:49 PM IST
Pakistan to seek IMF bailout despite $6 billion Saudi rescue
Prime Minister Imran Khan said this week Pakistan was seeking help from "friendly nations".
Oct 24, 2018, 13:51 PM IST
