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  • India will try to forge consensus on roadmap to regulate crypto currency at G-20, says DEA secretary Feb 02, 2023 03:30 PM IST

    India will try to forge consensus on roadmap to regulate crypto currency at G-20, says DEA secretary

    In an interview to PTI, Seth said that an IMF paper on crypto assets was discussed among emerging economies on January 15 and 16 in Delhi.

  • Pakistan, IMF start talks to unlock crucial $7 billion bailout Jan 31, 2023 04:27 PM IST

    Pakistan, IMF start talks to unlock crucial $7 billion bailout

    Finance Minister Ishaq Dar met IMF Pakistan Mission Chief Nathan Porter, the finance ministry said, and briefed him on the "fiscal and economic reforms and measures being taken by the government in different sectors".

  • Pakistan, IMF open talks to unlock crucial funding Jan 31, 2023 02:41 PM IST

    Pakistan, IMF open talks to unlock crucial funding

    More than $1 billion funding has been delayed since November last year over fiscal consolidation issues as part of the lender's ninth review of its Extended Fund Facility, which is meant to help countries facing a balance-of-payment crisis.

  • Emerging markets growth slowdown bottomed out in 2022, but risks remain: IMF Jan 31, 2023 07:48 AM IST

    Emerging markets growth slowdown bottomed out in 2022, but risks remain: IMF

    On its most recent update to the World Economic Outlook, the IMF sees growth in emerging market and developing economies at 4.0% in 2023, 0.3 percentage point higher than its October projection, and 0.1 percentage point higher than the 3.9% estimate for 2022. For 2024, the projection is for a 4.2% expansion.

  • IMF lifts 2023 growth forecast with boost from China reopening Jan 31, 2023 07:17 AM IST

    IMF lifts 2023 growth forecast with boost from China reopening

    World growth has been bogged down by fallout from Russia's invasion of Ukraine last year, economic downturns and efforts to rein in spiraling costs of living.

  • Global outlook less gloomy, India a bright spot: IMF's top economist Pierre-Olivier Gourinchas Jan 31, 2023 07:01 AM IST

    Global outlook less gloomy, India a bright spot: IMF's top economist Pierre-Olivier Gourinchas

    Gourinchas said that while global inflation developments were encouraging, the battle is "far from won"

  • IMF retains growth forecasts for Indian economy at 6.8% this year and 6.1% in FY24 Jan 31, 2023 07:00 AM IST

    IMF retains growth forecasts for Indian economy at 6.8% this year and 6.1% in FY24

    The multilateral agency expects the global consumer inflation to drop sharply from 8.8 percent in 2022 to 6.6 percent in 2023 and then again to 4.3 percent in 2024

  • IMF board approves $4.7 billion support program for Bangladesh Jan 31, 2023 06:44 AM IST

    IMF board approves $4.7 billion support program for Bangladesh

    The funding includes $3.3 billion under the IMF's Extended Credit Facility and Extended Fund Facility programs and $1.4 billion under the new RSF, which aims to help vulnerable middle-income countries and island states.

  • Pakistan's deepening politico-economic crisis, IMF terms could fuel instability in region: Experts Jan 30, 2023 11:51 AM IST

    Pakistan's deepening politico-economic crisis, IMF terms could fuel instability in region: Experts

    Amid this economic crisis, the Shahbaz Sharif government will begin crucial negotiations with the Washington-based IMF (International Monetary Fund) for a bail-out package on Tuesday which may come with "tough and possibly politically risky" pre-conditions of austerity, feeding into a bigger political crisis, they said.

  • In-Depth | What pushed Pakistan to the brink of economic collapse & why it concerns India Jan 29, 2023 08:36 PM IST

    In-Depth | What pushed Pakistan to the brink of economic collapse & why it concerns India

    With inflation soaring to nearly 25 percent, and its interest rate at a 24-year-high of 17 percent, Pakistan appears to be crumbling.

  • Support to IMF’s $2.9-bn bailout for Sri Lanka helps India firm up standing in island nation Jan 28, 2023 05:56 PM IST

    Support to IMF’s $2.9-bn bailout for Sri Lanka helps India firm up standing in island nation

    India’s move has forced China also to support the debt revamp plan for Sri Lanka

  • Ahead of crucial talks, IMF spots Rs 2 trillion breach in Pakistan’s budgetary estimates Jan 28, 2023 02:42 PM IST

    Ahead of crucial talks, IMF spots Rs 2 trillion breach in Pakistan’s budgetary estimates

    Pakistan and the International Monetary Fund (IMF) officials are scheduled to kick-start parleys from Tuesday for accomplishing the ninth review under the Extended Fund Facility during which the fiscal slippages and reconciliation of figures will be the major topic of discussion.

  • Pakistan PM Shehbaz Sharif expresses hope for early settlement with IMF to unlock foreign loans Jan 27, 2023 06:16 PM IST

    Pakistan PM Shehbaz Sharif expresses hope for early settlement with IMF to unlock foreign loans

    The remarks from Sharif came as the country’s economy is precariously tethering with just USD 3.7 billion in foreign reserves, which is considered a critical level by experts.

  • Pakistan seeks U.S. help in unlocking $1.1 billion IMF loan: Report Jan 26, 2023 03:36 PM IST

    Pakistan seeks U.S. help in unlocking $1.1 billion IMF loan: Report

    The IMF and Pakistan signed a $6 billion bailout in 2019, that was topped up with another $1.1 billion last year, but that came with conditions attached, aimed at reducing the budget deficit before the loan is released.

  • Sri Lanka thanks India for backing its USD 2.9 billion bailout package; issuing guarantees to IMF Jan 25, 2023 04:21 PM IST

    Sri Lanka thanks India for backing its USD 2.9 billion bailout package; issuing guarantees to IMF

    Also, External Affairs Minister S Jaishankar during his recent visit to Colombo gave the required assurances to Sri Lanka's top leadership for the much-needed IMF bailout package, becoming the first major lender to publicly back the island nation's efforts to recover from its worst-ever economic crisis.

  • India commits to help Sri Lanka on debt in prospective IMF program Jan 24, 2023 07:03 AM IST

    India commits to help Sri Lanka on debt in prospective IMF program

    India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said.

  • Sri Lanka seen holding rates as inflation fight continues; IMF deal key Jan 23, 2023 03:28 PM IST

    Sri Lanka seen holding rates as inflation fight continues; IMF deal key

    With Sri Lanka’s economy in the throes of the worst crisis since independence from Britain in 1948, the government is waiting for financing assurances from China, its largest bilateral lender, that would help clinch the $2.9 billion IMF package.

  • After India, China gives financing assurances to Sri Lanka for IMF bailout package Jan 22, 2023 01:36 PM IST

    After India, China gives financing assurances to Sri Lanka for IMF bailout package

    The Sunday Times newspaper reported that China’s Exim Bank delivered a letter on Saturday granting Sri Lanka a two-year moratorium on repayment and agreeing with the International Monetary Fund's extended fund facility (EFF).

  • India firmly backs Sri Lanka's bid to secure $2.9 billion IMF bailout package Jan 20, 2023 02:35 PM IST

    India firmly backs Sri Lanka's bid to secure $2.9 billion IMF bailout package

    Jaishankar, who is here on a two-day visit, called on President Ranil Wickremesinghe on Friday morning and also held talks with Foreign Minister Ali Sabry.

  • Sri Lanka thanks India for its generous support, assurances given to the IMF to restructure its debt Jan 20, 2023 10:20 AM IST

    Sri Lanka thanks India for its generous support, assurances given to the IMF to restructure its debt

    Jaishankar, who is here on a two-day visit, on Thursday met Sri Lanka's top leadership, including his Sri Lankan counterpart Ali Sabry and President Ranil Wickremesinghe.

  • Recession worries seem to have replaced inflation concerns Jan 18, 2023 05:41 PM IST

    Recession worries seem to have replaced inflation concerns

    A global slowdown will impact the Indian economy. But that impact will be limited compared to other countries as the Indian economy is driven by local consumption

  • 'Lot of positive sentiment towards India': IMF's Gita Gopinath shares blueprint for growth Jan 18, 2023 12:03 PM IST

    'Lot of positive sentiment towards India': IMF's Gita Gopinath shares blueprint for growth

    Gopinath said India needs to take up reforms in the labour market and land in order to fix some of the gaps. She praised India's progress in creating both the digital as well as physical infrastructure.

  • Gita Gopinath shares a video message from Davos: ‘Tough year ahead’ Jan 18, 2023 08:31 AM IST

    Gita Gopinath shares a video message from Davos: ‘Tough year ahead’

    “We have a tough year ahead, but there are signs of resilience,” is how Gita Gopinath described the International Monetary Fund’s (IMF) outlook for 2023.

  • IMF executive board approves $240 million disbursement to Uganda Jan 18, 2023 08:07 AM IST

    IMF executive board approves $240 million disbursement to Uganda

    The Fund reiterated December forecasts that Uganda's economy will grow by 5.3% in the 2022/23 fiscal year starting last July, down from a 6.0% growth forecast issued in March 2022.

  • LIVE: Davos 2023 | Stemming Cost Of Living Crisis | Gita Gopinath, IMF Jan 17, 2023 07:28 PM IST

    LIVE: Davos 2023 | Stemming Cost Of Living Crisis | Gita Gopinath, IMF

    Gita Gopinath, IMF on stemming the cost of living crisis, live at Davos 2023. Tune in!