Page 9 - International Monetary Fund

WEF summit: More forecast downgrades possible, no recession, says IMF

Members of the global elite are back in Davos after a two-year hiatus due to the pandemic

Unexpected, but also unacceptable

Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy

India's foreign exchange reserve declines by $2.67 billion to $593 billiion

In the previous reporting week, forex reserves stood at $595.95 billion.

IMF 'corrects' maths, says India to be $5-trillion economy by FY27

CEA disputed IMF's earlier projections that showed goal to be achieved by 2028-29

Not lowering fuel subsidies till govt survival assured, Pak PM Sharif

Pakistan is under considerable pressure from the International Monetary fund (IMF) to cut down on the fuel subsidies for taking the bailout package discussions further

WEF 2022: What does 'global debt' mean and how high is it at present?

The current debt wave is the world's fourth since 1970, the World Bank says

IMF increases weighting of dollar, yuan in SDR basket amid weakness

The IMF raised the yuan's weighting to 12.28 per cent from 10.92

India's foreign exchange reserves drop by $1.7 billion; hit 1-year low

In the previous reporting week, the overall reserves had declined by $2.695 billion to $597.728 billion, falling below the $600 billion mark

Pak leader claims IMF delaying meeting, seeking hike in petroleum prices

As per Pakistan Tehreek-i-Insaf spokesperson on finance Muzzammil Aslam, the IMF has deferred a meeting with Pakistan authorities until May 18 as they are seeking a hike in petrol and diesel prices

IMF suggests revoking govt subsidies in Pak, talks scheduled on May 18

The Express Tribune reported that the IMF has informed the country's government that it could send a mission to Doha for one week on May 18

Ex-Pak FM Ishaq Dar advises govt to renegotiate IMF bailout package

"We have to run the country and not ruin it by taking dictations," said the former Finance Minister, reported Geo News

Sri Lanka, IMF to start next round of technical discussions amid crisis

The International Monetary Fund (IMF) announced it will begin the next round of technical discussions with Sri Lanka from May 9-23

Nepal should engage in monetary tightening to bolster forex, says IMF

Nepal, a landlocked country between China and India, has banned luxury goods imports until mid-July to rein in capital outflows

IMF urges Lebanon to implement 'agreed-upon' reforms in timely manner

"Timely implementation of agreed-upon reforms is vital to obtaining the much-needed funding from the international community," said IMF Managing Director Kristalina Georgieva

Sri Lanka inflation rises to 29.8% in April from 18.7% last month

Months of lengthy blackouts and acute shortages of food, fuel and pharmaceuticals have triggered widespread protests calling for the government's resignation

Sri Lankan central bank says all creditors will be treated equally

Sri Lanka has already missed coupon repayments on some of its bonds and its bailout discussions with the IMF include a possible bridge loan, Governor Nandalal Weerasinghe said

IMF asks Sri Lanka to harden monetary policy, hike tax to address debt woes

The country of 22 million people has requested loans from the IMF as it struggles to pay for imports amid crushing debt and a sharp drop in foreign exchange reserves that has fueled soaring inflation

IMF team to visit Pak in May; to discuss policies in Extended Fund Facility

The newly appointed Pakistan Finance Minister Ismail departed for Washington on April 21 to seek the revival of the USD 6 billion IMF programme signed by the previous Imran Khan government

With global finances at risk, can India avoid a repeat of the 1991 crisis?

India may have done well by keeping commercial bank lending to the government within manageable limits, but RBI has been lending more to the government, which means it has been printing more notes

IMF: Diversification, substitutability build resilient value chains

The IMF says that in the early days of the pandemic in 2020, the GVC-intensive trade collapsed but rebounded very quickly showing remarkable resilience.