IMF head Kristalina Georgieva called out for applying ‘undue pressure’ to boost China’s ranking in Doing Business report

The report, prepared by law firm WilmerHale, raises concerns about China`s influence at the World Bank, and the judgment of Georgieva - now managing director of the IMF - and then-World Bank President Jim Yong Kim.

Sep 17, 2021, 18:10 PM IST

Afghanistan Crisis: Taliban will not be able to use IMF resources, says IMF

Taliban terrorists may have occupied Afghanistan, but now the International Monetary Fund (IMF) has given a big statement. The IMF said that the leadership of the Taliban would not get any help.

Aug 19, 2021, 10:14 AM IST

Rising world food prices causing concerns among people: IMF

Consumer food inflation peaked in April 2020 even though producer prices of primary commodities, including food and energy, were declining sharply as demand for primary food commodities was disrupted

Jun 26, 2021, 18:10 PM IST

IMF projects India's growth rate to jump to impressive 12.5% in 2021

The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9 per cent in 2022.

Apr 07, 2021, 09:36 AM IST

Indian economy to grow at historic 12.5%: IMF

The WEO projected India`s gross domestic product (GDP) growth to moderate to 6.9 percent in the next fiscal year, while still retaining the top growth rate spot.  Any elation over the historically high rate is, however, moderated by the fact of India`s negative growth rate of 8 percent during 2020-21.

Apr 06, 2021, 22:05 PM IST

IMF projects impressive 11.5 per cent growth rate for India in 2021, China to grow by 8.1 per cent

The IMF's growth projections for India in its latest World Economic Outlook Update released on Tuesday reflected a strong rebound in the economy, which is estimated to have contracted by eight per cent in 2020 due to the pandemic. In its latest update, the IMF projected 11.5 per cent growth rate for India in 2021. This makes India the only major economy of the world to register double-digit growth in 2021, it said. China is next with 8.1 per cent growth in 2021 followed by Spain (5.9 per cent) and France (5.5 per cent).

Jan 27, 2021, 07:33 AM IST

IMF hails farm bills, says 'they have potential to bring agriculture reforms in India'

The IMF believes the farm bills passed by the Indian government have the potential to represent a significant step forward for agricultural reforms.

Jan 15, 2021, 09:46 AM IST

International Monetary Fund: New Agricultural Laws an important step towards agricultural reforms

The IMF praised India's new agricultural laws. The IMF praised the agricultural laws and said that this is an important step towards agricultural reforms. This will reduce the role of jobbers and rural development will take place.

Jan 15, 2021, 07:46 AM IST

Even Pakistan, Afghanistan handled COVID crisis better than India, Rahul Gandhi cites IMF projections

Congress leader Rahul Gandhi on Friday continued to flay the Centre over its handling of the COVID-19 situation in the country.

Oct 16, 2020, 10:20 AM IST

India's economy to shrink 10.3% in 2020, will register 8.8% growth in 2021: IMF

The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund (IMF) said on Tuesday. Released ahead of the annual meetings of the IMF and the World Bank, the report said global growth would contract by 4.4 per cent this year and bounce back to 5.2 per cent in 2021. America's economy is projected to contract by 5.8 per cent in 2020 and grow by 3.9 per cent the next year, the IMF said.

Oct 14, 2020, 06:28 AM IST

IMF hails PM Narendra Modi's call for 'Aatmanirbhar Bharat', says its 'important initiative'

Prime Minister Narendra Modi's call for an "Aatmanirbhar Bharat" (self-reliant India) is an important initiative, the International Monetary Fund (IMF) has said on Thursday.

Sep 25, 2020, 09:35 AM IST

Redirect fiscal policy towards resilient sustainable, inclusive growth: IMF urges govts

In a blog post, top IMF officials -- Vitor Gaspar, Director of Fiscal Affairs Department and Indian-American Gita Gopinath, Economic Counsellor and Director of the Research Department -- wrote that the coronavirus pandemic has already prompted an unprecedented fiscal policy response of close to USD 11 trillion worldwide.

Jul 10, 2020, 23:02 PM IST

Liquidity boost may have costly side effects: Nirmala Sitharaman at IMF meet on coronavirus COVID-19 crisis

Union Finance minister Nirmala Sitharaman on Thursday (April 16) said that India could not support a general allocation of the new Special Drawing Rights (SDR) proposal by the International Monetary Fund (IMF) because it might not be effective in easing out the economical pressure created due to the COVID-19 pandemic. 

Apr 17, 2020, 08:16 AM IST

COVID-19: IMF approves nearly $1.4 billion to Pakistan to meet balance of payment crisis

The International Monetary Fund Thursday approved disbursement of USD1.386 billion as a financial assistance to Pakistan to meet its urgent balance of payment needs stemming from the COVID-19 outbreak.

Apr 17, 2020, 07:05 AM IST

IMF backs India's 'very wise' COVID-19 lockdown move despite huge economic cost

The IMF drastically revised India`s growth rate projection for the current fiscal year to 1.9 per cent from the 5.8 per cent made in January, which was lower than the 7 per cent made in October.

Apr 16, 2020, 09:34 AM IST

Ex-RBI Governor Raghuram Rajan to be part of IMFs external advisory panel on COVID-19

International Monetary Fund Managing Director Kristalina Georgieva on Friday announced the creation of an external advisory group to provide input on policy challenges, including the coronavirus pandemic and its massive economic impact.

Apr 11, 2020, 09:41 AM IST

IMF chief warns of worst recession since 1930, seeks more fiscal stimulus to prevent economic 'scarring' from COVID-19 crisis

In a blog message posted on the IMF website, Georgieva said, “The year 2020 could see worst global economic fallout since the Great Depression in the 1930s.’’

Apr 09, 2020, 18:01 PM IST

IMF warns coronavirus COVID-19 will hurt global economy ‘way worse’ than 2008 financial crisis

According to the WHO, more than 1 million confirmed cases of COVID-19 have been reported, including more than 50,000 deaths.

Apr 04, 2020, 06:22 AM IST

IMF warns coronavirus recession could be worse than 2009

The outlook for global growth, for 2020 it is negative -- a recession at least as bad as during the global financial crisis or worse, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said after a call with G20 Finance Ministers and Central Bank Governors.

Mar 25, 2020, 22:51 PM IST

IMF, World Bank call for debt payments suspension of poorest nations hit by coronavirus COVID-19 pandemic

The World bank in a statement said, "The World Bank Group and the IMF believe it is imperative at this moment to provide a global sense of relief for developing countries as well as a strong signal to financial markets."

Mar 25, 2020, 22:39 PM IST