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FM Sitharaman discusses impact of rising commodity prices with IMF chief

Finance Minister Nirmala Sitharaman on Friday held a virtual meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva and discussed various issues, including the impact of rising commodity prices on world economy. They also had a discussion on the 16th General Review of Quotas scheduled to be completed by 2023 and the need to ensure that under-representation of emerging markets and developing economies is addressed. "FM Smt. @nsitharaman & Ms. @KGeorgieva, both expressed concern at diminishing focus & global supply of #Covid19 vaccines. FM highlighted India's achievement in successfully administering 1.79 bn doses while at the same time supplying 162.9 mn doses to countries in need," the finance ministry said in a series of tweets. They spoke about the issue of global supply chains being affected, commodity prices rising and the possible effects on the world economy, it added. "FM Smt. @nsitharaman and Ms. @KGeorgieva suggested that the key ...

'Unthinkable' has happened, we've war in Europe: IMF MD Georgieva

Russia's invasion of Ukraine has consequences not only on that country, but also in the region and the world, IMF Managing Director Kristalina Georgieva has warned

IMF approves $1.4 billion in emergency financing for Ukraine amid conflict

The International Monetary Funds has approved USD 1.4 billion in emergency financing for Ukraine amid the ongoing war with Russia, the fund said in a statement

IMF to consider providing $1.4-bn worth financial aid to Ukraine

The IMF has changed the focus of discussions with Kyiv from 'reforms' to 'crisis management,' IMF Managing Director Kristalina Georgieva said

Sri Lanka devalues rupee, seen as step towards IMF help

Sri Lanka's foreign reserves fell to $2.36 billion at the end of January

War in Ukraine, sanctions will have 'severe impact' on global economy: IMF

JPMorgan Chase & Co. economists have cut their outlook for global growth this year by about a percentage point, and raised their inflation estimate.

Price shocks due to Russia-Ukraine war will have impact worldwide: IMF

Energy and commodity prices including wheat and other grains have surged due to the Ukraine war, adding to inflationary pressures from supply chain disruptions and the rebound from the Covid, IMF said

Pakistan confident of defending $1.5 billion fuel subsidy at IMF review

PM Khan this week announced a cut in fuel and electricity prices despite a steep global rise in the cost of oil, pledging to freeze the new rates for 4 months

Pakistan signs trade deal with Russia amid war--how will the IMF react?

Pakistan has become the first country to officially sign a huge trade deal with Russia at a time when Moscow has come under severe criticism

Argentina, IMF reach preliminary $44.5 bn deal to resolve debt burden

Argentina and the International Monetary Fund (IMF) have reached a preliminary $44.5 billion agreement to help the South American country manage its debt burden, the Economy Ministry here said.

Sri Lankan economy facing mounting debt crisis, urgent reforms needed: IMF

Sri Lanka is currently reeling under a severe foreign exchange crisis with falling reserves and the government is unable to foot the bill for essential imports

IMF urges Sri Lanka to focus on monetary policy to tackle inflation rise

IMF said Sri Lanka needs to tighten its monetary policy to contain rising inflation, put its high debt repayments on track and reverse one of the worst financial crises the country has faced in years

IMF Ukraine loan payout jeopardized by Russian invasion uncertainty

President Volodymyr Zelenskiy's beleaguered government has been counting on the IMF to unlock the next $700 million from a $5 billion loan for Ukraine approved in 2020.

Repercussions of Ukraine situation pose 'significant economic risks': IMF

The IMF Chief said she met earlier on Friday with IMF Executive Board to brief Executive Directors on the initial assessment of the unfolding situation

Forex reserves jump by $2.76 bn to $632.95 bn: RBI data

In the previous reporting week, the overall reserves had declined by USD 1.763 billion to USD 630.19 billion

IMF support sparks debate in Pakistan over 'decades of begging' for loans

Amid the release of a fresh tranche of loans from the IMF, the Pakistani government is facing backlash from civil society, over the unending series of loans, a report said on Thursday.

Sri Lanka open to discussions with IMF as economic situation worsens

Sri Lanka is open to discussions with the IMF and other multilateral lenders for assistance, a cabinet spokesman said on Tuesday, as it faces its worst economic crisis in years.

Imran Khan surrendered country's economic control to IMF: Pak Opposition

'Imran promised to build 5 million homes, but instead made millions of people homeless; he promised to liberate the country of IMF, but instead given the State Bank under its control,' he said

IMF sees inflation as 'significant risk'

Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a "significant risk"

'No to the IMF': Thousands protest in Argentina against debt deal

The protesters paraded through the capital with banners saying "no to paying the IMF" and "no to an IMF deal", a sign of rising tension in the South American nation