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IMF

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.

Forex kitty down $1.14 billion to $359 billion

Forex kitty down $1.14 billion to $359 billion

A huge fall in gold reserves led to a USD 1.14 billion dip in the country's forex reserves to USD 359.155 billion for the week ended January 7, the Reserve Bank said on Friday.

India's forex reserves rise marginally

India's forex reserves rise marginally

India`s foreign exchange reserves went up marginally to $360.29 billion as on Dec 30, 2016, the Reserve Bank of India (RBI) said.

India's forex reserves fall by $2.38 billion to $360.606 billion

India's forex reserves fall by $2.38 billion to $360.606 billion

India's foreign exchange reserves declined by USD 2.380 billion to USD 360.606 billion in the week to December 16 on account of fall in foreign currency assets, the Reserve Bank said Friday.

 

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. 

Ukraine nationalises country's largest bank

Ukraine has nationalised the country's biggest bank in a bid to avert a financial meltdown in the war-scarred former Soviet state.

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.

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 supports India currency steps to fight corruption

The IMF said today 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.

India bright spot amid dim global economic outlook, but NPAs pose challenge: IMF chief economist

India bright spot amid dim global economic outlook, but NPAs pose challenge: IMF chief economist

 Describing India as a "bright spot" in the complex set of economic forces, IMF Chief Economist Maurice Obstfeld today said rising NPAs in Indian public sector banks remain a challenge despite progress.

China fixes Yuan at 6-year low against US dollar

China fixes Yuan at 6-year low against US dollar

China`s central bank set the yuan`s central parity rate weaker than 6.7 to the dollar for the first time in six years Monday, the first day of trading after it joined the IMF`s "special drawing rights" reserve currency basket.

 

Quota reforms: IMF needs to stick to new deadlines, says FM

Quota reforms: IMF needs to stick to new deadlines, says FM

Expressing "extreme disappointment" with delay in completion of IMF quota reforms, India today stressed that the Fund should strictly abide by the new deadlines set for the 15th General Review of Quota (GRQ).

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.

IMF chief gives Deutsche Bank tough advice, says need deal on fine

IMF chief gives Deutsche Bank tough advice, says need deal on fine

IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany`s biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a potentially huge fine.

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.

IMF says global debt tops $152 trillion, urges some to spend more

IMF says global debt tops $152 trillion, urges some to spend more

The world is swimming in a record $152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it.

World powers 'misuse' World Bank, IMF: BRICS bank exec

World powers 'misuse' World Bank, IMF: BRICS bank exec

Europe and the United States have "misused" the World Bank and International Monetary Fund for their own ends, according to an executive at a new bank launched by major developing countries.