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IMF News

Anura Kumara Dissanayake

21 Nov 2024

Sri Lankan President Takes U-Turn On Pre-Poll Promise Against IMF Package

Dissanayake affirmed his administration's commitment to continue the IMF bailout programme initiated by the previous government led by Ranil Wickremesinghe.

International Monetary Fund

31 Oct 2024

IMF Approves Reviews For Kenya To Receive 606 Million USD

The funds will support Kenya's efforts to rebuild fiscal and external buffers as well as enhance resilience to climate shocks, the IMF said in a statement issued Wednesday evening.

12 Oct 2024

IMF Flags Concerns Over Pakistan's Economy, Calls For Urgent Policy Reforms

After reviewing a decade of its sponsored programs in Pakistan, the IMF acknowledged the persistent underlying challenges and recommended a greater sense of ownership as a crucial takeaway from its findings.

21 Apr 2024

Cash-Strapped Pakistan Makes Formal Request To IMF For Another Bailout

Finance Minister Aurangzeb told the World Bank in Washington that Pakistan's economy could potentially reach USD 3 trillion by 2047 if key reforms are fully implemented.

International Monetary Fund

18 Apr 2024

IMF Backs Modi Govt's Eco Policies; Expects India To Rev Up Global Growth

The IMF’s World Economic Outlook report, released on Tuesday, has not only raised India's growth forecast by 0.3 percentage points to 6.8 per cent for 2024-25 but also sees the country as a bright spot "supporting global growth over the medium term and spill over to other countries".

India's forex reserves

30 Mar 2024

India's Forex Reserves Rise By USD 140 Million

Gold reserves increased by USD 347 million to USD 51.487 billion during the week, the RBI said.

28 Mar 2024

Indian Economy Can Grow At 8% Till 2047, Says Subramanian

The growth rate in October-December helped take the estimate for the current fiscal to 7.6 percent.

23 Feb 2024

Forex Reserves Decline USD 5.24 Bn To USD 617.23 Bn

The forex kitty stood at USD 622.5 billion for the week ended February 2.

International Monetary Fund

02 Feb 2024

IMF Says Asia On Track To Again Deliver Two-Thirds To Global Growth In 2024

For 2023, IMF has estimated growth at 4.7 percent, compared to its 4.6 percent projection it had made in October.

01 Jul 2023

Pakistan got loan from IMF!

Prime Minister of Pakistan Shahbaz Sharif has got alms. Pakistan has got a big relief. The Government of Pakistan and the IMF have reached an agreement of three billion dollars.

Pakistan crisis

01 Jul 2023

Pakistan Puts Public Assets On Sale As It Faces Forex Crisis

Saudi Arabia is no longer willing to bail out Islamabad as it is getting frustrated while watching their financial assistance evaporate in struggling economies without any positive outcome.

09 Jun 2023

Forex Reserves Jump USD 5.9 Bn To USD 595 Bn

The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

02 Jun 2023

Pakistan came on its knees begging for help, IMF put this condition

IMF has brought Pakistan to its knees before helping it. Now the Prime Minister of Pakistan Shehbaz Sharif has sought help from the IMF. IMF said that for the loan, Pakistan will have to end the instability in the country only then it will get the loan.

02 Jun 2023

Pakistan came on its knees begging for help, IMF put this condition

On the completion of 350 years of Chhatrapati Shivaji Maharaj's coronation day, PM Modi said that Shivaji Maharaj ended the mentality of slavery, Shivaji Maharaj instilled the belief in the public that Swaraj is also possible.

16 May 2023

Argentina Raises Interest Rate To 97%, Inflation Rate At 100%

That's the highest level since the early 1990s, and currently, Venezuela and Zimbabwe are the only two countries experiencing higher inflation than Argentina, according to International Monetary Fund data.

06 May 2023

India's World Class Digital Infra Worth Emulating By Many Nations: IMF Paper

The government of India estimates that, up to March 2021, about 1.1 per cent of GDP in expenditure was saved due to the digital infrastructure and other governance reforms.

International Monetary Fund

30 Apr 2023

Indian Economy To Grow At Around 6.5% In FY24: NITI Aayog Member Virmani

The International Monetary Fund (IMF) also lowered India's economic growth projection for the current fiscal to 5.9 percent from 6.1 percent earlier.

Nirmala Sitharaman

13 Apr 2023

India Remains Concerned About Global Economic Outlook, Says FM

In her address to IMF and World Bank, FM said India has moved on beyond the pandemic, staging a full recovery in FY22-23, ahead of many countries.

12 Apr 2023

IMF Reposes Faith In Indian Economy But Lowers Growth Projection

IMF on Tuesday lowered its growth projection for 2023-24 to 5.9 per cent from 6.1 per cent earlier but despite a significant drop, India continues to be the fastest-growing economy in the world, the World Economic Outlook figures revealed.

08 Apr 2023

Pakistan Finance Minister Ishaq Dar Says IMF Deal Well On Track

Pakistan's Finance Minister assured that the IMF deal was well on track Pakistan has been reeling from a severe economic crisis

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