Tag: International Monetary Fund

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".

  • Saturday, 16 October 2021
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.

  • Tuesday, 27 July 2021
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 […]

  • Friday, 09 July 2021
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 […]

  • Thursday, 08 July 2021
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 […]

  • Thursday, 08 July 2021
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 […]

  • Wednesday, 07 July 2021
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 […]

  • Wednesday, 07 July 2021
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 […]

  • Tuesday, 06 July 2021
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 […]

  • Tuesday, 06 July 2021
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 […]

  • Tuesday, 22 June 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
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
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