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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.

Indian foreign exchange reserves at $367 billion

Indian foreign exchange reserves at $367 billion

India`s foreign exchange reserves went up to $367.76 billion as on September 2, the Reserve Bank of India (RBI) announced.

G20 determined to combat 'populist backlash' on trade: IMF

G20 determined to combat 'populist backlash' on trade: IMF

G20 leaders resolved to combat a "populist backlash" against global trade, and highlight the benefits it has brought including lifting millions out of poverty, IMF's Christine Lagarde said Monday.

Slowdown in Islamic finance to run into 2017: S&P

The slowdown in Islamic finance growth is likely to continue through 2017 due to low oil prices and lack of regulation, Standard and Poor`s Global Ratings said Monday.

Urjit Patel assumes charge as RBI's the twenty-fourth Governor

Urjit Patel assumes charge as RBI's the twenty-fourth Governor

Urjit Patel who took over as the 24th Governor of Reserve Bank will have a tough task in maintaining the legacy of his predecessor, Raghuram Rajan, and balance the need to contain inflation without hurting growth.

IMF's Christine Lagarde warns G20 to avoid 'low-growth trap'

The head of the International Monetary Fund on Thursday called on global leaders to take "forceful" action to revive the world economy, sounding a stark warning ahead of this weekend`s G20 summit.

IMF delegation arrives in Egypt for bailout package talks

IMF delegation arrives in Egypt for bailout package talks

A delegation from the International Monetary Fund arrived in Egypt on Saturday, responding to a request for a multibillion dollar bailout for the country’s flagging economy.

IMF says Egypt seeking financial support

Egypt has asked the International Monetary Fund for financial support as it struggles to strengthen its economy, the IMF said.