Tag: Imf

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
Surjit-Bhalla
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-MD
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
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
finance-minister
Despite IMF Projections, India Still Among Fastest Growing Economies: FM Sitharaman

Washington: India remains among the fastest growing economies of the world and efforts are being made to make it grow faster, said Union Finance Minister Nirmala Sitharaman. The International Monetary Fund (IMF) has projected a reduced growth rate for India, but the country’s economy is “still growing as the fastest”, she told a group of […]

  • Saturday, 24 April 2021
IMF Says Corporate Income Tax Cut Will Help Revive Investment In India

Washington: The International Monetary Fund on Friday supported India’s recent decision to reduce corporate income tax, saying it has a positive impact on investment. It, however, said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions. “We believe India still has limited fiscal space so they have to be careful. […]

  • Saturday, 24 April 2021
IMF chief economists
Regulatory Uncertainty Played Role In India's Slowdown: IMF

New Delhi: IMF Chief Economist Gita Gopinath on Friday said that regulatory uncertainty in India is one of the reasons for the ongoing economic slowdown. Speaking at an event here, the Chief Economist of the International Monetary Fund (IMF) said that although reforms are important for an economy, they should come with clarity and certainty […]

  • Thursday, 22 April 2021
IMF Says India In Midst Of Significant Economic Slowdown, Calls For Urgent Policy Actions

Washington: India is now in the midst of a significant economic slowdown, the International Monetary Fund has said, urging the government to take urgent policy actions to address the current prolonged downturn. In its report released Monday, the IMF Directors noted that India’s rapid economic expansion in recent years has lifted millions of people out […]

  • Wednesday, 21 April 2021
IMF Cuts India Growth Forecast To 4.8 Pc; Flags Stress In Non-Bank Financial Sector

Davos: The IMF on Monday lowered India’s economic growth estimate for the current fiscal to 4.8 per cent and listed the country’s much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years. In October, the International Monetary Fund (IMF) had pegged India economic growth at 6.1 per cent […]

  • Tuesday, 20 April 2021
IMF
Urgent Need For More Ambitious Structural And Financial Sector Reform Measures In India: IMF

Washington: India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget, the IMF has said. Responding to a question on the budget presented by Union Finance Minister Nirmala Sitharaman, International Monetary Fund […]

  • Monday, 19 April 2021
IMF-@
IMF Asks Pakistan To Cut Reliance On China

Islamabad: The visiting IMF mission has asked Islamabad “to reduce its trade and commerce reliance on Beijing” and look for other international options by signing free trade agreements (FTA) with other countries too, a media report said on Friday. The development comes as the mission has extended its stay in Pakistan for making more efforts […]

  • Monday, 19 April 2021
IMF backs India's 'very wise' lockdown decision despite economic cost
IMF backs India's 'very wise' lockdown decision despite economic cost

United Nations: The International Monetary Fund (IMF) supports India’s “very wise” decision to impose a national lockdown to combat the coronavirus pandemic despite the resulting economic slowdown, according to Changyong Rhee, the organisation’s director of the Asia and Pacific Department. He said at a news conference on Wednesday, “India entered the pandemic turmoil in the […]

  • Saturday, 17 April 2021
Coronavirus
Global COVID-19 deaths top 150,000; global response intensifying

Washington: Global COVID-19 deaths surpassed 150,000 with over 2.2 million infections on Friday as international institutions are intensifying their collective efforts on battling the pandemic. A total of 150,948 people have died of the disease as of 3:30 p.m. (1930 GMT) among 2,214,861 cases worldwide, according to the Center for Systems Science and Engineering (CSSE) […]

  • Saturday, 17 April 2021
COVID-19: IMF, World Bank urge countries to keep trade open
COVID-19: IMF, World Bank urge countries to keep trade open

Washington: The International Monetary Fund (IMF) and the World Bank Group (WBG) have called on countries to keep trade open as the world battles the COVID-19 pandemic, warning that export controls on medical supplies and other essentials could backfire. At a virtual press conference during the just-concluded spring meetings of the two multilateral institutions, IMF […]

  • Saturday, 17 April 2021
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