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Nov 19, 2020 07:10 PM IST The report, released ahead of this week's virtual meetings of finance officials and leaders from the Group of 20 countries, underscored the uneven nature of the global recovery and warned the crisis would likely leave deep, unequal scars.
Nov 13, 2020 06:08 PM IST The International Monetary Fund Executive board approved a three-year, $6 billion loan package for Pakistan in July last year to rein in mounting debts and stave off a looming balance of payments crisis, in exchange for tough austerity measures, the Dawn newspaper reported.
Nov 02, 2020 04:32 PM IST Despite pledges for debt relief and expanded programmes, the World Bank and International Monetary Fund have delivered meagre aid, say economists
Oct 27, 2020 08:35 AM IST The world is now set to experience another surge in debt and deficits from levels that only nine months ago would have been deemed unthinkable by most economists and financial market participants
Oct 19, 2020 06:45 PM IST Lack of diversification among oil-exporting countries and the reliance of oil importers on sectors like tourism, as well as their dependence on remittances, are likely to curb growth, the IMF said on Monday in its outlook for the region, which spans around 30 countries from Mauritania to Kazakhstan.
Oct 19, 2020 03:40 PM IST The IMF in October said it forecasts the global economy to contract 4.4 percent in 2020, a slight upward revision of 0.8 percent from its previous estimate.
Oct 15, 2020 04:45 PM IST Once again, we face two massive tasks: to fight the crisis today and build a better tomorrow, Kristalina Georgieva said.
Oct 15, 2020 02:43 PM IST IMF MD Kristalina Georgieva described COVID-19 as a human crisis everywhere, and especially in countries where the loss of life has climbed up so much
Oct 15, 2020 02:00 PM IST Will this grim picture last for long? Let’s find out in this edition of 3-Point Analysis
Oct 15, 2020 01:27 PM IST The World Bank is encouraging countries to spend in the first instance on health programmes, on social programmes, and on education, World Bank President David Malpass said, adding that a critical step for countries is to reopen schools
Oct 15, 2020 12:40 PM IST Certainty on interest rate path by RBI and clarity that the government will not risk more borrowing than committed are immensely helpful
Oct 15, 2020 11:03 AM IST Finance Minister Nirmala Sitharaman while addressing the press after the GST Council meeting insisted that there were differences within the GST Council on the borrowing issue, but they cannot be termed as a dispute
Oct 15, 2020 09:48 AM IST In PPP terms, India's per capita GDP in 2020 is estimated by IMF at $6,284 as compared to $5,139 for Bangladesh
Oct 14, 2020 08:47 PM IST This projection is even grimmer than what the Reserve Bank of India (RBI) predicts. How long will the economy take to recover?
Oct 14, 2020 01:58 PM IST The International Monetary Fund, in its World Economic Outlook report late on Tuesday, said that Bangladesh is set to beat India in terms of per capita gross domestic product (GDP) in calender year 2020.
Oct 13, 2020 06:41 PM IST In its latest World Economic Outlook report, the International Monetary Fund also said the swift recovery in China has surprised on the upside while the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.
Oct 11, 2020 02:43 PM IST The International Monetary Fund and the World Bank meetings, which are usually held in Washington, will this year be held primarily in a virtual format on October 12-18.
Oct 06, 2020 12:20 PM IST The IMF said in chapters from it fiscal monitor that its research shows public investment in infrastructure, including investments in health care systems, digital infrastructure and addressing climate change can pay back more than two to one in economic growth within two years.
Oct 05, 2020 06:47 PM IST Stepping up such spending with interest rates low globally could "create millions of jobs directly in the short term and millions more indirectly over a longer period," officials with the International Monetary Fund wrote in a blog post.
Sep 03, 2020 09:09 AM IST According to official data, India's GDP declined 23.9 percent in the Q1FY21, as the economy reeled under the impact of the COVID-19 outbreak and a stringent lockdown.
Aug 04, 2020 09:05 PM IST The IMF's External Sector Report on currencies and imbalances for the world's 30 largest economies showed that net current account balances fell by 0.2 percentage point to 2.9 percent of global GDP.
Jul 28, 2020 02:45 PM IST The country has the world's fifth largest virus caseload, and confirmed cases are approaching half a million.
Jul 16, 2020 11:33 AM IST The reform of the BIS board will go a long way to make the BIS a truly global institution. It will also act as a benchmark for other global financial institutions.
Jul 16, 2020 11:20 AM IST Kristalina Georgieva said the fiscal costs of actions aimed at containing the pandemic and mitigating its economic fallout were driving up already high debt levels, but it was premature to start withdrawing needed safety nets.
Jul 14, 2020 07:28 AM IST Pharma, consumer, cement and cement products are likely to be the leaders, banks can be performers but retail and malls will continue to struggle.
