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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.

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.

China's Yuan joins elite club of IMF reserve currencies

China's Yuan joins elite club of IMF reserve currencies

China`s yuan joins the International Monetary Fund`s basket of reserve currencies on Saturday in a milestone for the government`s campaign for recognition as a global economic power.

IMF chief Christine Lagarde warns of weak growth, lure of protectionism

IMF chief Christine Lagarde warns of weak growth, lure of protectionism

The head of the IMF on Wednesday renewed warnings against protectionism and trade restrictions, saying that the global economy risked prolonged low growth and that advanced economies faced painful inequality.

IMF warns central banks could lose deflation fight

The International Monetary Fund warned Tuesday that central banks are struggling to beat back deflationary forces and that governments need to spend to help them succeed.

Forex reserves hit fresh all-time high, cross $371 billion

Forex reserves hit fresh all-time high, cross $371 billion

The country's forex reserves continued to scale new highs, with the week to September 9 adding USD 3.513 billion to the kitty, which hit a new life-time peak of USD 371.279 billion, RBI data showed Friday.

 

IMF approves $1 billion in Ukraine aid after long delay

IMF approves $1 billion in Ukraine aid after long delay

The International Monetary Fund on Wednesday resumed its bailout of war-torn Ukraine, approving disbursement of $1 billion from an aid package that had been held up in part on corruption concerns.

IMF boss Christine Lagarde to go on trial in France on December 12

IMF boss Christine Lagarde to go on trial in France on December 12

Lagarde, 60, will be tried for negligence by the Court of Justice of the Republic -- a tribunal that hears cases against ministers accused of wrongdoing in the discharge of their duties.