IMF

Zimbabwe's economic situation 'very difficult': IMF official

Zimbabwe`s economic situation remains "very difficult" as sustainable growth is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior International Monetary Fund (IMF) official said.

Nov 23, 2017, 14:03 PM IST
IMF tells Gulf states to speed up switch from oil

IMF tells Gulf states to speed up switch from oil

In its Regional Economic Outlook, the International Monetary Fund on Tuesday projected GCC economic growth at just 0.5 per cent this year, the worst since the 0.3 per cent growth in 2009 following the global financial crisis.

Oct 31, 2017, 12:25 PM IST
After IMF slashes growth forecast, its chief says Indian economy on 'solid track'

After IMF slashes growth forecast, its chief says Indian economy on 'solid track'

IMF chief Christine Lagarde said the Indian economy is on a "very solid track" in the mid-term.

Oct 15, 2017, 09:35 AM IST
World praising India for reforms like demonetisation, GST: Jaitley

World praising India for reforms like demonetisation, GST: Jaitley

Union Finance Minister Arun Jaitley on Saturday said that countries across the world are lauding India for having the guts to bring in major structural reforms like demonetisation and Goods and Services Tax (GST).

Oct 15, 2017, 08:21 AM IST
IMF favors three structural reforms in India

IMF favors three structural reforms in India

Structural reforms include addressing the corporate and banking sector weaknesses, continued fiscal consolidation through revenue measure, and improving the efficiency of labour and product markets.

Oct 14, 2017, 09:31 AM IST
Arun Jaitley makes strong case for reforms in H1-B/L1 visa processes

Arun Jaitley makes strong case for reforms in H1-B/L1 visa processes

The Finance Minister highlighted the structural reforms India has undertaken through a series of bold measures, including the Goods and Service Tax (GST), financial inclusion and action against the shadow economy, the statement said.

Oct 13, 2017, 14:25 PM IST

A different India ready to benefit from economic recovery: Finance Minister

In a separate news conference, Lagarde later said she expects higher global growth this year and next.

Oct 13, 2017, 12:51 PM IST
Take decisions to make economic recovery sustainable:  Lagarde

Take decisions to make economic recovery sustainable: Lagarde

Last year, 47 countries experienced negative growth on a per capita basis, including many small and fragile economies.

Oct 13, 2017, 08:22 AM IST
Inequality increased in China, India and US: IMF

Inequality increased in China, India and US: IMF

In fact, inequality has declined in almost half the countries for which data are available, the report noted.

Oct 12, 2017, 06:59 AM IST
Transparency over note ban would have been instrument of fraud: Arun Jaitley

Transparency over note ban would have been instrument of fraud: Arun Jaitley

Finance Minister Arun Jaitley said that announcing the demonetisation initiative in advance could have resulted in people buying gold, diamond and land and going through various kinds of transactions with the cash they had.

Oct 11, 2017, 13:46 PM IST
Japan’s Nikkei closes at 21-year high on positive US cues

Japan’s Nikkei closes at 21-year high on positive US cues

Sentiment was boosted after the International Monetary Fund upgraded its global economic growth forecast for 2017 and 2018, driven by a pickup in trade, investment, and consumer confidence.

Oct 11, 2017, 11:52 AM IST
World Bank lowers India's growth forecast, warns govt on internal bottlenecks

World Bank lowers India's growth forecast, warns govt on internal bottlenecks

India's economic momentum has been affected by disruptions from the withdrawal of banknotes and uncertainties around the Goods and Services Tax (GST), the World Bank said in its South Asia Economic Focus, a biannual economic update.

Oct 11, 2017, 10:59 AM IST
IMF lowers India's growth forecast over demonetisation, GST

IMF lowers India's growth forecast over demonetisation, GST

It also lowered the country's growth for 2018 to 7.4 per cent, 0.3 percentage points less than its previous two projections in July and April.

Oct 10, 2017, 18:45 PM IST
Arun Jaitley headed for US for IMF-World Bank meets

Arun Jaitley headed for US for IMF-World Bank meets

In Boston, Jaitley will take part in a roundtable investment meet on 'Indian Economy - The Road Ahead'. Later, he will deliver a lecture on India's tax reforms at the Harvard University.

Oct 08, 2017, 16:27 PM IST
Forex reserves drop by $262.3 million to $402.246 billion

Forex reserves drop by $262.3 million to $402.246 billion

Gold reserves remained unchanged at USD 20.691 billion. The special drawing rights with the International Monetary Fund (IMF) declined by USD 1.2 million to USD 1.512 billion.

Sep 29, 2017, 19:47 PM IST
India growing pretty 'robustly': World Bank chief

India growing pretty 'robustly': World Bank chief

In June, the World Bank predicted a 7.2 percent growth rate for India this year against 6.8 per cent growth in 2016. India remains the fastest growing major economy in the world, the World Bank officials had said.

Sep 21, 2017, 12:21 PM IST
India growing pretty robustly: World Bank chief

India growing pretty robustly: World Bank chief

He said in terms of indebtedness, the bank was watching very carefully the debt-to-GDP ratios of every single country.

Sep 21, 2017, 12:21 PM IST
Forex reserves touch record high of $400.726 billion

Forex reserves touch record high of $400.726 billion

The foreign currency assets (FCAs), a major component of the overall reserves, increased by USD 2.568 billion to USD 376.209 billion for the reporting week, according to data by the Reserve Bank of India (RBI).

Sep 15, 2017, 17:57 PM IST
Forex reserves surge to record $392.86 billion

Forex reserves surge to record $392.86 billion

Expressed in US dollar terms, FCAs include effect of appreciation or depreciation of non-US currencies such as the euro, the pound and the yen held in the reserves.

Aug 04, 2017, 19:19 PM IST
Chinese Yuan exchange rate in line with fundamentals: IMF

Chinese Yuan exchange rate in line with fundamentals: IMF

The IMF expected that China`s current account surplus will continue to be narrowed if the country continues to implement reforms.

Jul 29, 2017, 16:21 PM IST