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BRICS shake up global economic architecture

Last Updated: Sunday, July 20, 2014, 09:18

For the past 70 years, the International Monetary Fund and the World Bank have been the pillars of the world`s economic system.

IMF chief says low inflation can hit European growth

Last Updated: Friday, July 18, 2014, 16:41

IMF chief Christine Lagarde warned on Friday that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy.

IMF says Ukraine economy to shrink 6.5% instead of 5% in 2014

Last Updated: Friday, July 18, 2014, 14:18

The International Monetary Fund said on Friday it expected Ukraine`s economy to shrink by 6.5 percent in 2014 instead of the 5.0 percent it forecast earlier this year because of the escalating eastern uprising.

PM Narendra Modi returns home after attending BRICS Summit

Last Updated: Friday, July 18, 2014, 00:31

Prime Minister Narendra Modi returned home late tonight after a five-day visit to Brazil where he attended the BRICS Summit.

IMF welcomes establishment of BRICS bank

Last Updated: Thursday, July 17, 2014, 07:47

The International Monetary Fund has welcomed the move to set up a new BRICS development bank stating that it is ready to work with the Bank`s leadership.

BRICS voices disappointment with non-implementation of IMF reforms

Last Updated: Wednesday, July 16, 2014, 07:09

The emerging-market bloc of BRICS Tuesday advocated cooperative approach and peaceful solution to global hot issues.

BRICS voices disappointment with non-implementation of IMF reforms

Last Updated: Wednesday, July 16, 2014, 06:47

The world`s leading emerging economies Tuesday expressed their disappointment with the failure to implement the 2010 International Monetary Fund (IMF) reforms.

BRICS to create development bank, `mini-IMF`

Last Updated: Tuesday, July 15, 2014, 09:37

The summit will mark the first face-to-face meeting between India`s new Hindu nationalist Prime Minister Narendra Modi and Chinese President Xi Jiping.

IMF cuts eurozone 2014 growth forecast

Last Updated: Monday, July 14, 2014, 22:11

The IMF cut its 2014 growth forecast for the eurozone on Monday, warning that the recovery in the single currency bloc was "neither robust nor sufficiently strong."

Global recovery to accelerate in 2015: IMF

Last Updated: Sunday, July 06, 2014, 14:05

Lagarde estimated that growth in China this year would be between 7 and 7.5 percent.

India's forex reserves up $ 856.6 million to $ 315.77 billion

Last Updated: Saturday, July 05, 2014, 15:12

India's forex reserves surged USD 856.6 million to USD 315.778 billion in the week to June 27, on account of rise in currency assets.

India's forex reserves up $1.385 billion to $314.92 billion

Last Updated: Friday, June 27, 2014, 18:34

India's forex reserves rose by USD 1.385 billion to USD 314.922 billion in the week to June 20 on account of rise in currency assets.