Monday, Aug 08, 2022
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IMF To Support Sri Lanka’s Efforts To Overcome Economic Crisis

IMF To Support Sri Lanka’s Efforts To Overcome Economic Crisis

The crisis is caused in part by a lack of foreign currency, which has meant that the country cannot afford to pay for imports of staple foods and fuel, leading to acute shortages and very high prices.

24 April 2022
India Extends Swap Facility Duration Worth $400 Million With Crisis-Hit Sri Lanka

India Extends Swap Facility Duration Worth $400 Million With Crisis-Hit Sri Lanka

This was the first extension of an international debt instrument to Sri Lanka after the government led by President Gotabaya Rajapaksa on April 12 temporarily...

22 April 2022

Sitharaman Reaffirms India’s Commitment To Fighting Money Laundering, Terror Financing; Lauds FATF

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related...

India’s High Growth Rate Positive News For World: IMF Managing Director

India’s High Growth Rate Positive News For World: IMF Managing Director

The IMF, early this week, projected a “fairly robust” growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world,...

21 April 2022

IMF Cuts India’s GDP Forecast To 8.2% For Current Financial Year 

It has projected India’s growth to slow to 6.9% in 2023-24 from 7.2% estimated earlier. 

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19 April 2022
Nirmala Sitharaman Urges To Regulate Cryptocurrencies At Global Level To Check Money Laundering, Terror Funding

Nirmala Sitharaman Urges To Regulate Cryptocurrencies At Global Level To Check Money Laundering, Terror Funding

The Finance Minister said that as long as the non-governmental activity of the crypto assets was through unhosted wallets, the regulation was going to be very...


17 April 2022
Sri Lankan Delegation Heads To US To Seek $4 Billion Bailout Package From IMF

Sri Lankan Delegation Heads To US To Seek $4 Billion Bailout Package From IMF

The delegation led by newly-appointed finance minister Ali Sabry will hold talks with the International Monetary Fund (IMF) between April 19 and April 24.


14 April 2022
IMF Chief: Ukraine War And Inflation Threaten Global Economy

IMF Chief: Ukraine War And Inflation Threaten Global Economy

IMF Managing Director Kristalina Georgieva said the consequences of Russia's invasion was contributing to economic downgrades for 186 countries, although most...


12 April 2022
Crisis-Hit Sri Lanka Announces Debt Default

Crisis-Hit Sri Lanka Announces Debt Default

The debt servicing suspension will be in force for an interim period pending an orderly and consensual restructuring consistent with the proposed arrangement...


31 March 2022
India Has Safeguards In Place To Mitigate Risks From Capital Flows: IMF

India Has Safeguards In Place To Mitigate Risks From Capital Flows: IMF

India, which has received a record number of foreign direct investment during the last few years despite COVID-19 crisis, has quite a few safeguards in place...


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18 March 2022
Global Economic Fallout Of War In Ukraine Is Expected To Negatively Impact India: IMF

Global Economic Fallout Of War In Ukraine Is Expected To Negatively Impact India: IMF

Rice said that the negative impact of the war in Ukraine on the US, the EU, and Chinese economies could dampen external demand for India's exports, while...


12 March 2022
Finance Minister Holds Virtual Meeting With IMF Chief, Discusses Impact Of Rising Commodity Prices

Finance Minister Holds Virtual Meeting With IMF Chief, Discusses Impact Of Rising Commodity Prices

They spoke about the issue of global supply chains being affected, commodity prices rising and the possible effects on the world economy


11 March 2022
India Good At Managing Finances But Global Energy Price Rise Will Hurt It: IMF

India Good At Managing Finances But Global Energy Price Rise Will Hurt It: IMF

During the roundtable, Gita Gopinath, who is the First Deputy Managing Director of the IMF, observed that the Ukraine war has posed a challenge to economies...


11 March 2022
Global Energy Price Rise Will Hurt India's Finance Management: IMF MD

Global Energy Price Rise Will Hurt India's Finance Management: IMF MD

India is an importer and the global increase in energy prices is going to have a negative impact, even though India has been very good in managing it's...


25 January 2022
IMF Slashes India's Economic Growth Forecast To 9% In FY22

IMF Slashes India's Economic Growth Forecast To 9% In FY22

The IMF's forecast for the current financial year is less than 9.2 per cent that the government's Central Statistics Office has predicted and 9.5 per cent that...


16 December 2021
BTC Climbs Higher Though Fed Speeds Taper; IMF Chief Says Emerging Economy Must Regulate Cryptos

BTC Climbs Higher Though Fed Speeds Taper; IMF Chief Says Emerging Economy Must Regulate Cryptos

Crypto Prices Continues to move further up amid mixed volatility; Corrupt Minister Invests in Crypto. IMF chief economist Gita Gopinath said that emerging...


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22 October 2021
India's Foreign Exchange Reserves Rise By $1.49 Billion To Touch $641 Billion

India's Foreign Exchange Reserves Rise By $1.49 Billion To Touch $641 Billion

Special drawing rights with International Monetary Fund (IMF) fell by $21 million to reach $19.25 billion in the reporting week. India's reserve position with...


20 October 2021
IMF Chief Economist Gita Gopinath To Quit Job, Plans To Return To Harvard University

IMF Chief Economist Gita Gopinath To Quit Job, Plans To Return To Harvard University

The 49-year-old prominent Indian-American economist had joined the International Monetary Fund (IMF) as the Chief Economist in January 2019.


16 October 2021
India’s Recent Economic Reforms Hailed In US: Nirmala Sitharaman

India’s Recent Economic Reforms Hailed In US: Nirmala Sitharaman

The Union Finance Minister Nirmala Sitharaman currently on her US visit said Joe Biden administration and US corporates have hailed India’s recent economic...


12 October 2021
IMF Projects Indian Economy Would Grow At 8.5 Per Cent In 2022

IMF Projects Indian Economy Would Grow At 8.5 Per Cent In 2022

The forecast for the sovereign remains unchanged from its July update. However, the growth forecast is a three per cent drop compared to the 2021 forecast...


08 October 2021
International Monetary Fund Chief Defends Data Rigging Allegations Against Herself

International Monetary Fund Chief Defends Data Rigging Allegations Against Herself

A report had recently said that the head of the International Monetary Fund, Kristalina Georgieva had a role in rigging data at the World Bank while she was...


01 October 2021
Forex Reserves Descend To $638.65 Billion

Forex Reserves Descend To $638.65 Billion

The apex bank stated that the fall in reserves was on account of a fall in the foreign currency assets (FCAs) which is a major component of the overall...


27 July 2021
As Economies Reopen, IMF Forecasts 6% Global Growth This Year

As Economies Reopen, IMF Forecasts 6% Global Growth This Year

The United States is expected to register 7% growth this year, a sharp reversal from last year's 3.5% drop and an upgrade from the 6.4% growth the IMF had...


10 April 2021
India Needs To Grow Faster To Overcome Contraction During Covid-19 Pandemic: IMF Deputy Chief Economist

India Needs To Grow Faster To Overcome Contraction During Covid-19 Pandemic: IMF Deputy Chief Economist

IMF deputy chief economist Petya Koeva Brooks made a strong case for an additional economic stimulus to address the impact of the pandemic on the country's...


08 April 2021
India's Debt To GDP Ratio Increased From 74% To 90% During Covid-19 Pandemic: IMF

India's Debt To GDP Ratio Increased From 74% To 90% During Covid-19 Pandemic: IMF

Immediate priorities are to continue supporting people and firms, and, in particular, to focus on supporting the most vulnerable.


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