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  • COVID-19 impact: Global economy recovering, but may be losing momentum, says IMF chief Kristalina Georgieva Nov 19, 2020 07:10 PM IST

    COVID-19 impact: Global economy recovering, but may be losing momentum, says IMF chief Kristalina Georgieva

    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.

  • IMF programme for Pakistan unlikely to be back on track soon: Report Nov 13, 2020 06:08 PM IST

    IMF programme for Pakistan unlikely to be back on track soon: Report

    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.

  • How the wealthy world has failed poor countries during the pandemic Nov 02, 2020 04:32 PM IST

    How the wealthy world has failed poor countries during the pandemic

    Despite pledges for debt relief and expanded programmes, the World Bank and International Monetary Fund have delivered meagre aid, say economists

  • What the shift on austerity means for markets Oct 27, 2020 08:35 AM IST

    What the shift on austerity means for markets

    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

  • COVID-19 may inflict a decade of economic pain to Mideast, Central Asia, IMF says Oct 19, 2020 06:45 PM IST

    COVID-19 may inflict a decade of economic pain to Mideast, Central Asia, IMF says

    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.

  • China sees strong economic recovery, gives a push to global outlook Oct 19, 2020 03:40 PM IST

    China sees strong economic recovery, gives a push to global outlook

    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.

  • World facing new Bretton Woods moment: IMF MD Kristalina Georgieva Oct 15, 2020 04:45 PM IST

    World facing new Bretton Woods moment: IMF MD Kristalina Georgieva

    Once again, we face two massive tasks: to fight the crisis today and build a better tomorrow, Kristalina Georgieva said.

  • Focusing on protecting people, health remains a priority for India, says IMF Chief Kristalina Georgieva Oct 15, 2020 02:43 PM IST

    Focusing on protecting people, health remains a priority for India, says IMF Chief Kristalina Georgieva

    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

  • 3-Point Analysis | India set to drop below Bangladesh in terms of per capita GDP in 2020 Oct 15, 2020 02:00 PM IST

    3-Point Analysis | India set to drop below Bangladesh in terms of per capita GDP in 2020

    Will this grim picture last for long? Let’s find out in this edition of 3-Point Analysis

  • Coronavirus Impact | World experiencing deepest recessions since Great Depression, says World Bank President David Malpass Oct 15, 2020 01:27 PM IST

    Coronavirus Impact | World experiencing deepest recessions since Great Depression, says World Bank President David Malpass

    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

  • Policies clear environment, impart confidence to push recovery Oct 15, 2020 12:40 PM IST

    Policies clear environment, impart confidence to push recovery

    Certainty on interest rate path by RBI and clarity that the government will not risk more borrowing than committed are immensely helpful

  • GST compensation deadlock | Kerala FM Thomas Isaac says some states are likely to approach Supreme Court Oct 15, 2020 11:03 AM IST

    GST compensation deadlock | Kerala FM Thomas Isaac says some states are likely to approach Supreme Court

    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

  • India's GDP 11 times more than Bangladesh in PPP terms Oct 15, 2020 09:48 AM IST

    India's GDP 11 times more than Bangladesh in PPP terms

    In PPP terms, India's per capita GDP in 2020 is estimated by IMF at $6,284 as compared to $5,139 for Bangladesh

  • Big Story | Severe contraction in India's GDP shown by IMF for FY21 Oct 14, 2020 08:47 PM IST

    Big Story | Severe contraction in India's GDP shown by IMF for FY21

    This projection is even grimmer than what the Reserve Bank of India (RBI) predicts. How long will the economy take to recover?

  • IMF says Indian economy likely to fare worse than some global and South Asian peers Oct 14, 2020 01:58 PM IST

    IMF says Indian economy likely to fare worse than some global and South Asian peers

    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.

  • Coronavirus impact | World economy in deep recession in 2020, growth to be -4.4%: IMF Oct 13, 2020 06:41 PM IST

    Coronavirus impact | World economy in deep recession in 2020, growth to be -4.4%: IMF

    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.

  • IMF, World Bank annual meetings start on October 12: Here's what you need to know Oct 11, 2020 02:43 PM IST

    IMF, World Bank annual meetings start on October 12: Here's what you need to know

    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.

  • IMF urges infrastructure investment to boost post-COVID growth Oct 06, 2020 12:20 PM IST

    IMF urges infrastructure investment to boost post-COVID growth

    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.

  • Public investment key to COVID-19 recovery: IMF Oct 05, 2020 06:47 PM IST

    Public investment key to COVID-19 recovery: IMF

    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.

  • IMF's Gita Gopinath confirms India's GDP contraction in April-June quarter Sep 03, 2020 09:09 AM IST

    IMF's Gita Gopinath confirms India's GDP contraction in April-June quarter

    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.

  • IMF says coronavirus may shrink global imbalances further in 2020 Aug 04, 2020 09:05 PM IST

    IMF says coronavirus may shrink global imbalances further in 2020

    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.

  • Coronavirus pandemic | IMF approves $4.3 billion emergency loan to South Africa Jul 28, 2020 02:45 PM IST

    Coronavirus pandemic | IMF approves $4.3 billion emergency loan to South Africa

    The country has the world's fifth largest virus caseload, and confirmed cases are approaching half a million.

  • At 90, can we expect BIS to reform and set a benchmark? Jul 16, 2020 11:33 AM IST

    At 90, can we expect BIS to reform and set a benchmark?

    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.

  • IMF chief Kristalina Georgieva warns global economy 'not out of the woods,' dangers lurk Jul 16, 2020 11:20 AM IST

    IMF chief Kristalina Georgieva warns global economy 'not out of the woods,' dangers lurk

    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.

  • Equirus Securities' Satish Kumar: Next 6 months likely to be 'stagnant' but lot of small & midcaps can double Jul 14, 2020 07:28 AM IST

    Equirus Securities' Satish Kumar: Next 6 months likely to be 'stagnant' but lot of small & midcaps can double

    Pharma, consumer, cement and cement products are likely to be the leaders, banks can be performers but retail and malls will continue to struggle.

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