Tag: Imf

Speaking in Parliament on Wednesday, Chief Government Whip Johnston Fernando said the government will face this problem and there is no reason for President Gotabaya Rajapaksa to resign as he was elected to office.

Sanctions against Russia could undermine the global dominance of the US dollar, according to Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF)

Gita Gopinath, the IMF's First Deputy Managing Director, believed that the global system "will change in important ways" in the aftermath of the Ukraine crisis.

IMF's World Economic Outlook (WEO) Update released in Washington said that India's gross domestic product (GDP) is projected to again increase next fiscal by another 9 per cent, before moderating to 7.1 per cent in 2023-24.

Meanwhile, private debt rose at a more moderate pace from 164 to 178 per cent of GDP in the same period, according to the IMF.

Gopinath, a US national and overseas citizen of India, will start in her new position as FDMD on January 21, 2022, according to the IMF.

Inflation in Pakistan is taking a serious toll on the lives of the locals as the income of a household has fallen by at least 35 per cent while the cost of living under basic facilities of food and shelter has surged by 40 to 50 per cent.

The IMF said Afghanistan's neighbours would be further hit because they rely on its funds for trade, the report said.

Most of the downgrades in the region come from emerging market and low-income countries, led by India and the Association of Southeast Asian Nations.

The house prices also increased as supply chain disruptions raised the costs of several inputs into the construction process.

IMF's Fiscal Affairs Department Deputy Director Paolo Mauro said the situation is improving when it comes to the epidemic.

According to the International Monetary Fund (IMF) projections released on Tuesday, 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.

Our engagement with Afghanistan has been suspended until there is clarity within the international community on the recognition of the government, IMF spokesperson Gerry Rice said.

United Nations: The International Monetary Fund’s (IMF) World Economic Outlook Update released by chief economist Gita Gopinath on Monday said that India’s economy is expected to grow by 7.5 per cent in the 2019-20 fiscal year, keeping an upward trajectory as the rest of the world slumps. India will continue to be the world’s fastest […]

Islamabad: Pakis­tan is seeking its largest loan package of up to $8 billion from the International Monetary Fund (IMF) to bail itself out from a severe crisis that threatens to cripple its economy, according to diplomatic sources. The sources told Dawn news on Wednesday that the IMF could place strict conditionalities, forcing Pakis­tan to seek […]