Tag: IMF

Rupee is not sliding, dollar is strengthening, says India’s Finance Minister in US

WASGINGTON: Finance Minister Nirmala Sitharaman has said that the rupee has not weakened but it is the dollar that has strengthened, as she defended the 8 per cent slide in the value of Indian currency against the greenback this year. Speaking to reporters after attending the annual meetings of the International Monetary Fund (IMF) and […]

India’s Finance Minister to leave for US on Tuesday to attend IMF, World Bank meetings

NEW DELHI: India’s Finance & Corporate Affairs Smt. Nirmala Sitharaman will be traveling to the USA on an official visit beginning October 11, 2022. During her visit, Sitharaman will be attending the Annual Meetings of the International Monetary Fund (IMF) and the World Bank, the G20 Finance Ministers and Central Bank Governor (FMCBG) Meetings. The […]

Farm bills have potential to represent significant step forward for agriculture reforms in India:IMF

By Lalit K Jha WASHINGTON: The IMF believes the farm bills passed by the Indian government have the potential to represent a significant step forward for agricultural reforms, but a social safety net is needed to protect those who might be adversely impacted during the transition to the new system, a spokesperson of the global […]

IMF official warns coronavirus will weigh on some economies for years

By Andrea Shalal WASHINGTON:The coronavirus crisis is lasting longer than expected and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said on Wednesday. The Fund has provided some $90 billion in total financing to 79 countries, including 20 in Latin America, since the start […]

Room for more fiscal support in India in near term given severity of economic situation: IMF

By Lalit K Jha WASHINGTON: A top IMF official has said that there is room for more fiscal support in India in the near term, particularly for vulnerable households and SMEs, given the severity of the country’s economic situation due to the COVID-19 pandemic. Vitor Gaspar, Director of the International Monetary Fund’s Fiscal Affairs Department, […]

IMF MD ropes in Raghuram Rajan, 11 others to key external advisory group

NEW DELHI: IMF MD Kristalina Georgieva on Friday named former RBI governor Raghuram Rajan and 11 others to her external advisory group to provide perspectives from around the globe on key developments and policy issues, including responses to the exceptional challenges the world now faces due to the coronavirus pandemic. Rajan, 57, who was the […]

IMF economist hints India’s dream to achieve $5 trillion economy doubtful

NEW DELHI: The International Monetary Fund (IMF) is set to join other downbeat analysts and cut the growth estimate for India “significantly”, its India-born chief economist Gita Gopinath said on Tuesday. The Washington-based institution had come out with an estimate in October and will be reviewing the same next month in January, she said at […]

Unemployment fuels unrest in Arab states: IMF

DUBAI: Unemployment and sluggish economic growth are fuelling social tension and popular protests in several Arab countries, the International Monetary Fund  (IMF) said Monday. The unrest is in turn contributing to slower growth in the Middle East and North Africa (MENA) region, alongside global trade tensions, oil price volatility and a disorderly Brexit process, the […]

Pakistan economy critical, facing major challenges due to weak growth: IMF

WASHINGTON: Pakistan is facing “significant economic challenges” due to a weak and unbalanced growth and that its economy is at a critical juncture where it needs an ambitious and bold set of reforms, the IMF has said. Cash-strapped Pakistan, which currently has a currency reserve of less than $8 billion — enough to cover only […]

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