International Monetary Fund

Pakistan's economy contracts for first time in 68 years by -0.38% amid COVID-19 pandemic

For the first time in 68 years, Pakistan's economy has marginally contracted by 0.38 per cent in the outgoing fiscal year due to adverse impacts of novel coronavirus coupled with economic stabilisation policies that had hit the industrial sector much before the deadly pandemic.

Jun 11, 2020, 21:10 PM IST

India's GDP may grow at 7.4% in 2021-22, best among G20 nations: RBI Governor

Reserve Bank of India Governor Shaktikanta Das addressed the media amid the ongoing coronavirus crisis the country is going through. 

Apr 17, 2020, 10:30 AM IST

Urgent need for policy action by India, stimulus package a step in right direction: IMF on COVID-19 pandemic

There is more scope for more "urgent" policy actions in India as the economic toll from the coronavirus pandemic is likely to be "large", a top IMF official said, noting that the fiscal stimulus package unveiled by the government to mitigate the impact of the COVID-19 is a step in the right direction.

Apr 16, 2020, 00:37 AM IST

IMF cuts India's growth projection to 1.9% in FY21

India is likely to record its worst growth performance since the 1991 liberalisation this fiscal year as the coronavirus outbreak severely disrupts the economy.

Apr 14, 2020, 18:58 PM IST

IMF lends $191.8 million to North Macedonia to soften coronavirus COVID-19 blow

The loan, which has been approved under the lender's Rapid Financing Instrument (RFI), will help the tiny Balkan country finance the health and macroeconomic stabilization measures and meet the urgent balance of payments needs arising from the virus crisis, the IMF said.

Apr 11, 2020, 10:48 AM 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

Growth slowdown in India temporary, expect momentum to improve going ahead: IMF chief Kristalina Georgieva

Speaking here at the WEF 2020, she also said the world appears a better place in January 2020 compared to what it was when IMF announced its World Economic Outlook in October 2019.

Jan 24, 2020, 17:02 PM IST

IMF cuts India's growth rate to 4.8% for current financial year

The IMF attributed the slash in estimate to the slowdown in demand in the domestic market and stress in the nonbank financial sector.

Jan 21, 2020, 08:14 AM IST

IMF cuts global growth forecasts as India falters, says bottom may be near

The reductions reflect the IMF`s reassessment of economic prospects for a number of major emerging markets, notably India, where domestic demand has slowed more sharply than expected amid a contraction of credit and stress in the non-bank sector. 

Jan 20, 2020, 19:59 PM IST

US-China trade war starting to weigh on global economy: IMF

In its report released in Santiago in July, the IMF lowered its 2019 global growth forecast from 3.3 per cent to 3.2 per cent, citing international tensions and the US-China trade war in particular.

Sep 13, 2019, 17:57 PM IST

Former RBI Deputy Governor Subir Vithal Gokarn dead

A noted economist, Gokarn joined the IMF Executive Board as ED (India) in December 2015 and was to complete his term in October this year.

Jul 31, 2019, 17:00 PM IST

IMF cuts India's GDP growth forecast to 7% for FY20

The growth is expected to rise to 7.2 percent points in FY21, down by the projected growth rate of 7.5 in the earlier report."India`s economy is set to grow at 7.0 percent in 2019, picking up to 7.2 percent in 2020.

Jul 24, 2019, 11:05 AM IST

Christine Lagarde resigns as IMF chief, starting race for her successor

A former French finance minister, Lagarde was the first woman to head the IMF and was known among policymakers as a tough negotiator.

Jul 17, 2019, 11:53 AM IST

US pushes for 'conditionality' in IMF bailout package to Pakistan

Pakistan last month reached an agreement with IMF for a USD 6 billion bailout package aimed at shoring up its finances and strengthening a slowing economy as tries to overcome a ballooning balance-of-payments crisis.

Jun 19, 2019, 10:09 AM IST

Looking forward to working with new govt of PM Modi: IMF

"The IMF looks forward to working with Prime Minister Modi's new government," Gerry Rice said when asked about the election results in India.

May 24, 2019, 20:05 PM IST

Pakistan reaches 'agreement in principle' with IMF over bailout

The long-delayed rescue package would be Pakistan`s 13th IMF bailout programme since the late 1980s and comes at a time of worsening economic outlook for the South Asian nation of 208 million people.

Apr 15, 2019, 20:40 PM IST

International Monetary Fund lowers global growth forecast to 3.3% for 2019, warns of economic slowdown

The global lender cut said key risks included a US-China trade war and a potentially disorderly Brexit.

 

Apr 10, 2019, 06:25 AM IST

India one of world's fastest growing large economies: International Monetary Fund

IMF communications director Gerry Rice Thursday said, "India has of course been one of the world's fastest growing large economies of late, with growth averaging about seven per cent over the past five years."

Mar 22, 2019, 08:37 AM IST

India to be global growth leader in 2019-20, expected to grow by 7.5%: IMF

India will continue to be the world`s fastest growing major economy, the report said.

Jan 22, 2019, 10:47 AM IST

Imran Khan begging for funds worldwide: CM of Pakistan's Sindh province

"Imran Khan is going from country to country to beg (for financial aid)."

Jan 07, 2019, 16:23 PM IST