Page 8 - Imf

IMF can't dictate to Pak govt, says Ishaq Dar over delay in review

"I do not care if they come, I don't have to plead before them. I have to look at Pakistan's interest first," he said

IMF says it fully supports India's G20 agenda of addressing urgent issues

The IMF fully supports the G20 agenda of India, which is planning to use the ongoing global crises as an opportunity to seek consensus on issues that require urgent attention, a senior official from the international financial body has said. India formally assumed the G20 Presidency on Thursday. They (India) are putting together a collective agenda for a much more prosperous future," Ceyla Pazarbasioglu, Director of the Strategy and Policy Review department at the International Monetary Fund (IMF), told a group of reporters ahead of her trip to China and India next week. "They (India) plan to use the ongoing (global) crises as an opportunity to seek consensus on issues that really require urgent attention, she said on Thursday. Pazarbasioglu was apparently referring to the food and energy crises due to the ongoing Russia-Ukraine war. The IMF fully supports the G20 agenda of India, she said. The theme of India's G20 presidency is One Earth, One Family, One Future. "This means tha

IMF may cut its China growth forecast as Covid curbs continue: Chief

The Washington-based crisis lender sees Chinese gross domestic product expanding 3.2% this year and 4.4% in 2023

China hints at relaxing zero-Covid norm; IMF chief urges targeted policy

Police leveraging powers of the country's surveillance apparatus against protesters

Indian govt allows Lankans to hold $10,000 worth of rupee in cash

SL banks must open nostro accounts with Indian banks

IMF asks China to boost vaccination, recalibrate strategy to fight Covid

The IMF has asked China to ramp up Covid-19 vaccination and recalibrate its strategy to deal with the virus and address the challenges arising from a slowing global demand

Sri Lanka may miss next month's deadline for securing IMF loan: Report

Sri Lanka is likely to miss next month's deadline for securing the International Monetary Fund (IMF) loan

Trade divide could cost global economy $1.4 trillion: IMF chief Georgieva

Trade spats could cut 1.5% from global GDP; 3% in Asia

PM Narendra Modi meets WHO chief, IMF head during G20 summit at Bali

Prime Minister Narendra Modi on Tuesday met WHO chief Tedros Adhanom Ghebreyesus on the sidelines of the G20 summit in Bali and said that India is committed towards ensuring a healthy planet.

IMF says global economic outlook getting 'gloomier', risks abound

IMF blamed the darker outlook on tightening monetary policy triggered by persistently high and broad-based inflation, weak growth momentum in China, and ongoing supply disruptions

Global banking is a bright spot

The world's financial system faces an intimidating set of challenges, but the lessons of the global financial crisis are holding banks in good stead

Biggest challenge for central bankers now to bring inflation down: IMF

"There's really a very narrow path to get things right," Gopinath said, noting that the dollar's sharp rise had important macroeconomic implications for a host of countries around the world

IMF reaches staff-level agreement with Bangladesh for $4.5 billion

Officials said IMF funds will be divided between the Extended Credit Facility (ECF), the Extended Fund Facility (EFF), and the Resilience and Sustainability Facility (RSF)

IMF to provide $4.5 bn loan for Bangladesh to combat economic crisis

Bangladesh and the IMF on Wednesday reached a preliminary agreement under which the global lender will provide a USD 4.5 billion support package to stabilise its economy and protect the vulnerable people. The IMF agreement came months after discussions between the global lender and Bangladesh officials. Bangladesh is the third South Asian nation after Sri Lanka and Pakistan to secure a bailout package from the IMF to tide over the sharp rise in food and energy prices caused by the coronavirus pandemic and the global inflation due to the Russia-Ukraine war. The amount will be disbursed in seven installments till December 2026. The first installment of USD 447.48 million will be cleared in February next year, while the loan's interest rate would depend on the market rate at the time of maturity, Finance Minister A H M Mustafa Kamal told a news briefing after the signing of the agreement in Dhaka. Finance ministry officials calculated the interest rate to be around 2.2 per cent. "We

FY23 GDP growth may not exceed 7%, says CEA V Anantha Nageswaran

The IMF sees FY23 GDP growth at 6.8 per cent compared with 7.4 per cent earlier, while the RBI has cut its forecast to 7 per cent from 7.2 per cent

COP27: IMF identifies 3 crucial areas for reducing greenhouse gas emissions

'If we do not take action now, the damage and devastation brought on by climate change will only get worse,' says IMF

'Price rise may be persistent as it has moved into core inflation in Asia'

The International Monetary Fund (IMF) recently released a regional economic outlook (REO) on Asia and Pacific, in which it cut the growth projections for the region

Asia Pacific faces risks from financial tightening, slowdown in China: IMF

The Asia Pacific region is facing three main risks, including due to global financial tightening and a slowdown in China, according to an IMF official. Shanaka Jayanath Peiris, Division Chief of Regional Studies Division, Asia Pacific Department at the IMF, also said that currencies in the region have depreciated sharply while public debt ratios have increased. "We have identified three main risks to the region -- global financial tightening, Ukraine-Russia war, which has raised commodity prices, but (has) also slowed external demand particularly from Europe and the slowdown in China," Peiris told PTI. He was speaking on the sidelines of the NSEIMF Seminar on Regional Economic Outlook for Asia-Pacific here on Wednesday. At the seminar, he shared the IMF's views on the current risks that the Asian economies face and the implications for India. "We have revised down the (growth) forecast but India is still relatively a bright spot in the outlook for the region... we have 6.1 per cen

Asia Pacific region faces risks from global financial tightening: IMF

The Asia Pacific region is facing three main risks, including due to global financial tightening and a slowdown in China, according to an IMF official. Shanaka Jayanath Peiris, Division Chief of Regional Studies Division, Asia Pacific Department at the IMF, also said that currencies in the region have depreciated sharply while public debt ratios have increased. "We have identified three main risks to the region -- global financial tightening, Ukraine-Russia war, which has raised commodity prices, but (has) also slowed external demand particularly from Europe and the slowdown in China," Peiris told PTI. He was speaking on the sidelines of the NSEIMF Seminar on Regional Economic Outlook for Asia-Pacific here on Wednesday. At the seminar, he shared the IMF's views on the current risks that the Asian economies face and the implications for India. "We have revised down the (growth) forecast but India is still relatively a bright spot in the outlook for the region... we have 6.1 per cen

Mideast, North Africa economies resilient, inflation to slow growth: IMF

The economies of Middle Eastern and North African countries were resilient this year, but double-digit inflation is expected to slow growth in 2023, the International Monetary Fund said on Monday. The IMF forecast GDP growth at 5per cent in 2022 for countries in the region. For oil-exporting nations, growth was projected at 5.2 per cent, mainly due to high oil prices and robust GDP growth in other countries, which offset the impact of high food prices. But the rate of growth is expected to slow in 2023, due in part to inflation driven by high food and commodity prices, the report said. And the outlook remained so dire for politically unstable Lebanon and war-scarred Syria that the IMF reported no economic projections for either. Higher energy prices sustained oil-producing nations, such as Saudi Arabia, where economic growth is expected to hit 7.6 per cent this year. Oil exporters are also benefitting from trade diversions caused by the war in Ukraine, as some European countries l