International Monetary Fund

India’s share in global forex market is tiny, but is not immune to volatility

Global economy doing better than expected: IMF chief Kristalina Georgieva

Georgieva's remarks came ahead of next week's gathering of finance ministers and central bank governors at the World Bank and the IMF in Washington.

IMF praises India's near-term fiscal policy, RBI's proactive monetary policy actions

In its annual Article IV consultation report on India, the International Monetary Fund’s staff noted that the economy had shown "robust growth" over the past year and is expected to remain strong, supported by macroeconomic and financial stability.

G20 ministerial for swift implementation of roadmap to deal with crypto assets

The G20 Roadmap on Crypto Assets adopted by the G20 Finance Ministers was spelt out in a Synthesis Paper prepared jointly by the International Monetary Fund (IMF) and Financial Stability Board (FSB).

Extraordinary results imperative when country led by person like PM Modi: Amit Shah after IMF projection

The International Monetary Fund (IMF) Tuesday raised India's GDP projection by 0.2 percentage point to 6.3 per cent even as it slashed the global growth forecast to 2.9 per cent in 2024 from three per cent in 2023.

World set for soft landing but growth is only limping along: IMF's top economist

In its latest World Economic Outlook report, the IMF retained its global growth forecast for 2023 at 3 percent but lowered it marginally by 10 basis points for 2024 to 2.9 percent

Emerging economies face China and rate pressures as IMF, World Bank meet

Restructuring efforts for defaulted countries could reach a breakthrough before year-end as talks continue, while the finances of nations like Pakistan and Egypt will also be under scrutiny when policy makers and asset managers gather for the World Bank and International Monetary Fund’s annual meetings in Marrakech next week.

IMF says global debt fell to $235 trillion in 2022, but still above 2021 level

According to the multilateral agency, private debt has fallen at a faster rate than public debt over the last two years

Pakistan inflation stays high at 27.4% as IMF reforms kick in

The August data from Pakistan's statistics bureau showed a slight easing from July's 28.3 percent inflation rate, but food inflation remained elevated at 38.5 percent

IMF board to meet on July 12 to review Pakistan's loan agreement

The nine-month Stand-by Arrangement (SBA), if approved, will bring $3 billion, or 111 per cent of Pakistan’s IMF quota, which will ease the country’s financial crisis, the Dawn newspaper reported from Washington.

Fed should alter its monetary policy framework, says IMF’s Gita Gopinath

After years in which inflation mostly ran below its 2% target, the Fed revamped its strategy for conducting monetary policy in August 2020.

IMF sees real rates falling sharply, but don’t ignore the caveats

The IMF is projecting a significant fall in real interest rates in emerging economies in the long term with that of China to be near zero by 2050 led by demographics and productivity factors

Transparency and disclosure key to addressing risks to global financial stability, says IMF report

The report also highlighted that the global economic recovery has been uneven, with some countries and sectors recovering faster than others. This uneven recovery has led to growing economic imbalances and vulnerabilities, which could increase the risks of financial instability.

Sri Lanka gets $3-billion bailout from IMF

The IMF noted that the risks to implementation of the programme are "exceptionally high"

Pakistan faces the abyss again. Debate rages on who should pay

The price of baby formula is up 15 percent in a month. Thousands of food containers are stuck at ports as the government curbs imports to preserve its last $3 billion in foreign currency

What’s next for Pakistan?

Political masters have to go beyond juggling with the budget figures to satisfy the IMF and other international partners. They need to create jobs and earn revenues.

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

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

India seeking to restructure multilateral financial institutions like IMF, WB in its G-20 presidency: Kant

Kant said India's presidency will also look at pushing through a fund created within World Bank to tackle crises like the Covid pandemic to help the world.

Pakistan Rupee crashes to 20-year low amid economic crisis

Pakistan’s money exchange companies removed the limit on the dollar-rupee rate effective January 25 onwards and said they will let the local currency drop slowly in the open market.

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.

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

Shaktikanta Das sees big potential in RBI digital currency, rupee trade

The central bank is currently running pilots to test larger roll out of CBDC

Inflation control key policy priority for South Asia, says RBI Governor Shaktikanta Das

Das was speaking at the launch of a book by the International Monetary Fund on South Asia.

Recession will hit a third of the world this year, warns IMF chief

The year 2023 will be tougher than last year because the economies of the US, the EU and China will slow down, she said.