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Forex reserves increase by $889.4 million to $369.887 billion

Forex reserves increase by $889.4 million to $369.887 billion

India's foreign exchange reserves rose by USD 889.4 million to USD 369.887 billion during the week ended April 14, helped by increase in foreign currency assets, the Reserve Bank said.

Need to sustain global growth momentum: Lagarde

Need to sustain global growth momentum: Lagarde

Noting that the world economy is picking up momentum, IMF chief Christine Lagarde has underlined the need to sustain this growth and make it more inclusive.

 IMF says reforms lagging behind timelines in Sri Lanka

IMF says reforms lagging behind timelines in Sri Lanka

The IMF on Tuesday said Sri Lanka should take "decisive" actions to maintain reform momentum after it was found that the country's progress on implementing structural benchmarks were "somewhat uneven".

Indian economy remains a bright spot in global landscape: IMF official

Indian economy remains a bright spot in global landscape: IMF official

Despite temporary setback due to demonetisation, India economy will grow strongly and remain a bright spot in the global landscape said a senior IMF official.

Terrorism, failing economy make Pakistan most dangerous nation for the world: Ex-CIA official

Rampant terrorism, failing economy and its growing nuclear arsenal make Pakistan the most dangerous country for the world, says an ex CIA official. 

Egypt inflation hit 29.6% in January

Egypt inflation hit 29.6% in January

Egypt's annual inflation rate hit 29.6 percent in January, official figures showed today, three months after the government floated the pound in line with an International Monetary Fund bailout.

Eurozone, IMF agree on a common stance on Greece: Official

Eurozone, IMF agree on a common stance on Greece: Official

Eurozone lenders and the International Monetary Fund have reached agreed between themselves to present a common stance to Greece later on Friday in talks on reforms and the fiscal path Athens must take, Eurozone officials said.

India is fastest growing economy, to grow by 7.7% in FY 2017: UN report

India is fastest growing economy, to grow by 7.7% in FY 2017: UN report

This report of the UN comes a day after the IMF cut India's growth rate for the current fiscal year to 6.6 percent from its previous estimate of 7.6 percent due to the "temporary negative consumption shock" of demonetisation.

India's economy to grow at 7.8% in 2018 against China's growth rate of 6%: IMF

India's economy to grow at 7.8% in 2018 against China's growth rate of 6%: IMF

The International Monetary Fund (IMF) on Monday forecast India's economic growth at 7.8 percent for the financial year 2018, way ahead of China's 6 percent growth for the same period.

IMF cuts India's growth rate to 6.6% from 7.6% due to impact of demonetisation

IMF cuts India's growth rate to 6.6% from 7.6% due to impact of demonetisation

The International Monetary Fund (IMF) on Monday cuts India's growth rate to 6.6 percent from 7.6 percent due to impact of demonetisation taken by the Modi government in November.

IMF board reaffirms confidence in Christine Lagarde after negligence verdict

The International Monetary Fund said on Monday its executive board reaffirmed its full confidence in Managing Director Christine Lagarde despite her conviction by a French court on a negligence charge.

IMF head Christine Lagarde found guilty of negligence by French court

IMF head Christine Lagarde found guilty of negligence by French court

International Monetary Fund (IMF) head Christine Lagarde was found guilty of negligence by a French Court on Monday in a issue related with massive payout to a tycoon when she was finance minister. 

IMF chief Christine Lagarde stands trial over Bernard ​Tapie affair

Christine Lagarde, International Monetary Fund (IMF) chief, went on trial on Monday over her role in a scandal involving business magnate Bernard Tapie in 2008.

IMF chief Christine Lagarde​ on trial in France over tycoon case

IMF chief Christine Lagarde​ on trial in France over tycoon case

 IMF chief Christine Lagarde goes on trial in France on Monday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career.

Demonetisation move: IMF backs India's currency ban to check corruption, black money

Demonetisation move: IMF backs India's currency ban to check corruption, black money

The IMF said on Thursday it supports India's efforts to fight corruption through the currency control measures announced this week, but stressed taking care to minimize disruptions in the economy.

IMF stresses upon spending cuts in Gulf despite oil recovery

IMF stresses upon spending cuts in Gulf despite oil recovery

A modest recovery in oil prices falls short of filling budgetary gaps in crude-exporting Gulf countries, the International Monetary Fund said, stressing the need to cut spending.

IMF must be more 'vocal' on global economy, US says

The United States called Saturday for the International Monetary Fund to speak out on crucial global economic matters, such as exchange rates, even if this made it unpopular.

IMF, World Bank call for measures to promote inclusive globalisation

IMF, World Bank call for measures to promote inclusive globalisation

 International Monetary Fund (IMF) and World Bank leaders have called for measures to promote inclusive growth and resist anti-trade sentiments.

Adoption of GST poised to boost India's medium-term growth: IMF

Adoption of GST poised to boost India's medium-term growth: IMF

Asserting that India has shown that progress on reforms could "ignite" business investment, the IMF on Thursday said the adoption of goods and services tax is poised to boost the country's medium-term growth.