Tag: Imf

IMF raises global growth forecast over broad-based recovery

Washington: The International Monetary Fund (IMF) on Tuesday raised its global growth forecast for 2017 and 2018 due to a broad-based recovery in Europe, China, Japan and the US. In its latest World Economic Outlook, the IMF forecast that the global economy will grow by 3.6 per cent in 2017 and 3.7 per cent in […]

  • Tuesday, 06 July 2021
Strong Indian economy continues to lead global growth: IMF

Washington: India is a source of growth for the global economy for the next few decades and it could be what China was for the world economy, the IMF said today, as it suggested the country to take steps towards more structural reforms. “India now contributes, in purchasing power parity measures, 15 per cent of […]

  • Tuesday, 29 June 2021
IMF favors three structural reforms in India

Washington: The IMF has suggested a three- pronged approach for structural reform in India that includes addressing the corporate and banking sector weaknesses, continued fiscal consolidation through revenue measure, and improving the efficiency of labour and product markets. Deputy Director Asia Pacific Department of IMF, Kenneth Kang, said the favorable outlook for Asia was an […]

  • Tuesday, 29 June 2021
'Raghuram Rajan among probables for Nobel Prize in economics'

New Delhi: Former RBI Governor Raghuram Rajan features in the list of probables for this year’s Nobel Prize in Economics, The Wall Street Journal has reported. He is one of the six economists on the list of probable winners complied by Clarivate Analytics, a company that does academic and scientific research and maintains a list […]

  • Tuesday, 29 June 2021
Obama for higher share for India in IMF

New Delhi: US President Barack Obama today affirmed his commitment to enhancing India’s ‘voice and vote’ in global financial institutions like IMF. Obama and Prime Minister Narendra Modi emphasised the importance of strengthening international financial institutions, including the International Monetary Fund (IMF), said a joint statement issued after a meeting between the two leaders here. […]

  • Monday, 28 June 2021
G-20 meet
G20 regrets delay in IMF reforms; India says cant wait for long

The G20 countries on Sunday said they "deeply regret" delay in IMF quota reforms and asked the US to make it effective before April, while India's central bank Governor Raghuram Rajan asserted that emerging countries cannot wait for long for the reform to go through

  • Monday, 21 June 2021
Forex reserves plunge sharply to USD 292 billion

After a marginal pick up last week, India's foreign exchange reserves fell sharply by USD 1.208 billion to USD 292.08 billion for the week to Janaury 17 on the back of drop in core currency assets, RBI said on Friday

  • Monday, 21 June 2021
IMF Proposes Setting Up Of An Int'l Carbon Price Floor

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.

  • Saturday, 19 June 2021
Indian Economy To Contract By 10.3% In 2020, To Bounce Back With 8.8% Growth In 2021: IMF
IMF Proposes $50 Billion To Fight Covid-19 Pandemic

The International Monetary Fund (IMF) has proposed $50 billion to speed up vaccinations, boost testing and tracing, and maintain adequate stocks of therapeutics, urging coordinated global action to end the Covid-19 pandemic.

  • Saturday, 22 May 2021
RBI Governor suggests recalibration of policy rates at IMF event in US

Washington: RBI Governor Shaktikanta Das on Friday proposed to his peers on the sidelines of an International Monetory Fund (IMF) event here that the monetary policy can be well served by calibrating the size of the policy rate, instead of the 25 basis points (bps) unit. Das said that “if the unit of 25 basis […]

  • Sunday, 02 May 2021
India's current account balance deficit grew to $68bn in 2018-19: IMF

United Nations: India’s current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetary Fund (IMF), which said the deficit was justified by development needs. The External Sector Report of the IMF released on Wednesday by Chief Economist Gita Gopinath also found that India’s […]

  • Wednesday, 28 April 2021
India's GDP Growth Rate 'Much Weaker' Than Expected: IMF

Washington: India’s economic growth is “much weaker” than expected, according to the International Monetary Fund (IMF), which attributed it to the corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies. India’s GDP growth rate slipped to 5 per cent in the first quarter of 2019-20, the lowest in over six years, […]

  • Sunday, 25 April 2021
Economist Surjit Bhalla named Executive Director for IMF

New Delhi: The Indian government has appointed economist Surjit S Bhalla as the executive director of the International Monetary Fund (IMF) for a period of three years. An Appointments Committee of the Cabinet (ACC) order said that Bhalla would hold the position for three years from the date of assuming the charge. “The Appointments Committee […]

  • Sunday, 25 April 2021
IMF warns of economic slowdown in 90 per cent of world

Washington: The new managing director of the International Monetary Fund (IMF) Kristalina Georgieva warned of an economic slowdown in 2019 in 90 per cent of the world during her first speech at the helm of the multilateral organization. “In 2019, we expect slower growth in nearly 90 per cent of the world. The global economy […]

  • Saturday, 24 April 2021
IMF Cuts India's FY20 Growth Forecast To 6%

New Delhi: The outlook for the Indian economy for the current fiscal seems to get bleaker by the day as major economic forums and institutions have of late revised the country’s GDP forecast downwards, with the International Monetary Fund (IMF) being the latest in the fray. The IMF in its World Economic Outlook released on […]

  • Saturday, 24 April 2021