Page 15 - International Monetary Fund

IMF proposes setting up of an international carbon price floor

The IMF chief noted that a carbon price floor arrangement does not mean carbon taxes per se.

G7 eyes allocating $100 bn from IMF funds to Covid-ravaged nations: US

The issue will be on the table when G7 leaders discuss how to help steer the world's recovery from the coronavirus pandemic at a three-day summit in Cornwall, England, which began on Friday

Sam Pitroda's leap of faith

Book review of Redesign the World: A Global Call to Action

IMF says it's ready to scale up collaboration with India during pandemic

The International Monetary Fund stands ready to strengthen its dialogue and scale-up its technical collaboration with India, spokesperson Gerry Rice has said

How Covid crisis exhausted what Mr Modi had in plenty all these years

The three things that derailed the economy in the past - war, drought and oil - were mostly absent during his regime, but with the Covid crisis Mr Modi's luck seems to have run out, writes T N Ninan

US dollar share of global foreign exchange reserves drops to 25-year low

This is according to a recent survey by the International Monetary Fund (IMF).

Pakistan to spend 'bare minimum' $6 billion to boost economic growth

The government's GDP target for next year is a percentage point higher than the IMF's 4% projection, and FM Tarin is seeking to boost growth to 6% in the year after

IMF to revisit growth forecast for India due to surge in Covid-19 cases

Covid-19 infections in India have surged past 21 million, with a death toll of 230,168, health ministry data showed

T Rabi Sankar named RBI deputy governor to succeed B P Kanungo

Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor of the central bank

M Narasimham: Forgotten contributions

In 1977, the Janata government asked him to leave and made Narasimham governor for five months

Will distribute 'Special Drawing Rights' to member countries by Aug: IMF MD

IMF Managing Director Kristalina Georgieva said she is "confident" the financial organisation will distribute a new allocation of Special Drawing Rights (SDR) to member countries by mid-August

World Bank, IMF eye ways to link debt relief to climate change spending

The initiative reflects growing recognition that the economic turmoil of the Covid-19 pandemic has exacerbated budget constraints and debt challenges

IMF proposes temporary 'solidarity' tax on pandemic winners, the wealthy

Advanced economies with robust tax systems should increase their top income tax rates for a period, IMF said

Economic recovery on rough patch, second Covid-19 wave may dampen prospects

Gaps in recovery have been surfacing after the resurgence in new cases due to Covid-19 second wave, but the moderation in the pick-up seems to have begun well before.

Coronavirus pandemic to shave 3% off global output in medium term: IMF

The Covid-19 shock could also have a bigger impact on the labor market over the medium- and longer term

Avoiding a K-shaped global recovery

Political leaders in the developed world must recognise that no one is safe until everyone is safe, and that a healthy global economy is not possible without a strong recovery everywhere

China in $1.5-billion swap deal as Sri Lanka seeks to shun IMF

The Central Bank of Sri Lanka is entitled to a 10 billion yuan ($1.5 billion) swap facility from the People's Bank of China, Sri Lanka's monetary authority said in a statement Monday

Peace and Pakistan

The besieged country looks for a breather

IMF sees signs of stronger global recovery, but significant risks remain

IMF First Deputy Managing Director Geoffrey Okamoto said that in early April the Fund would update its January forecast for global growth of 5.5% to reflect additional fiscal stimulus spending in US

Pakistan hires banks for a possible foreign currency bond offering: Report

The nation is looking to raise funds after reaching an agreement with the IMF on resumption of a $6-bn bailout program that was secured in 2019 to avoid bankruptcy