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Tag: International Monetary Fund

IMF
IMF Commends India's 'Swift, Substantial' Response To Pandemic

The foreign exchange reserves have increased because of net inflows and improvement in the current account, it said, but expected a "return to a deficit of about 1 per cent of the GDP in FY2021/22 due to a gradual recovery in domestic demand and higher oil prices".

COVID 2nd Wave: IMF Cuts India Growth To 9.5% Due To Delta Variant Surge
COVID 2nd Wave: IMF Cuts India Growth To 9.5% Due To Delta Variant Surge

The IMF stressed the importance of vaccinations in the economic recovery from the pandemic and noted that countries like India that lagged in the rate of vaccinations would suffer if more infectious variants developed.

IMF Projects Indian Economy To Be Fastest-Growing Next Financial Year At 11.5%
IMF Projects Indian Economy To Be Fastest-Growing Next Financial Year At 11.5%

New York: The International Monetary Fund (IMF) projects India’s economy to bounce back by 11.5 per cent in the next financial year, making it the fastest-growing major economy, and attributed it to the effect of easing of lockdown measures last year. The World Economic Outlook (WEO) Update released in Washington last week increased the forecast […]

Indian Economy Affected By COVID-19 Pandemic Is Gradually Recovering: IMF
Indian Economy Affected By COVID-19 Pandemic Is Gradually Recovering: IMF

Washington: India’s economy, severely affected by the coronavirus pandemic, is gradually recovering, the International Monetary Fund said on Thursday. India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. […]

Indian Economy To Contract By 10.3% In 2020, To Bounce Back With 8.8% Growth In 2021: IMF
Indian Economy To Contract By 10.3% In 2020, To Bounce Back With 8.8% Growth In 2021: IMF

Washington: The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund said on Tuesday. However, India is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging […]

imf-PAKISTAN
IMF urges Pakistan to freeze govt salaries

Islamabad: The International Monetary Fund (IMF) has urged Pakistan to freeze salaries of government employees and adhere to the fiscal consolidation path by showing a nominal primary deficit in the new budget, said Finance Ministry sources. The IMF is insisting that Pakistan should continue to follow the fiscal consolidation path due to a high and […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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, […]

gita-gopinath
India to be global growth leader in 2019-20: IMF

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 […]

Imran-Khan
Pakistan to seek largest loan package from IMF

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 […]

PM-Modi
IMF gives credit for reforms under Modi, projects India as fastest growing

United Nations: The International Monetary Fund (IMF) on Tuesday acknowledged the economic reforms carried out under Prime Minister Narendra Modi and projected India to be the world’s fastest growing major economy this year and next. The World Economic Outlook (WEO) released ahead of the IMF annual meeting in Bali said, “In India, important reforms have […]

India fastest growing economy at 7.4% in 2018: IMF

United Nations: The International Monetary Fund (IMF) reaffirmed on Wednesday that India will be the fastest growing major economy in 2018, with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019 with medium-term prospects remaining positive. The IMF’s Asia and Pacific Regional Economic Outlook report said that India was […]

IMF
IMF sees India's GDP growth at 7.4% in 2018-19

United Nations: The International Monetary Fund (IMF) on Monday reaffirmed that India’s economy is projected to grow by 7.4 percent in the next fiscal year, regaining the rank of the world’s fastest-growing large economy as China slows down. Like India’s improving economic performance, the global economy was also on the uptick, estimated to have grown by […]

IMF hails upswing in global economic activity

Washington: The International Monetary Fund has hailed the strength of the global economy at the close of the annual meetings of the World Bank Group and the IMF. “The outlook is strengthening with a notable pickup in investment, trade and industrial production, together with rising confidence,” the IMF’s International Monetary and Financial Committee said in […]

India loses fastest growing economy rank; IMF slashes 2017 growth rate

United Nations: India has lost its rank as the world’s fastest growing major economy in the International Monetary Fund’s tally after it slashed India’s growth projection for 2017 by 0.5 percent to 6.7 percent on Tuesday. China edged slightly ahead to be the growth champion with a projected growth rate of 6.8 percent, according to […]

Greek EU flag
IMF to not bend rules over Greece debt issue

Washington: The International Monetary Fund (IMF) Managing Director Christine Lagarde said that the fund will not bend rules on debts owed by Greece but would remain fully engaged in order to help find solution. “Whenever the IMF (is) involved, it’s certainly my view that the IMF has to follow its rules, should not bend the […]