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  OPINION | IMF, World Bank must stop Pakistan from financing terror

  India | May 24, 2025 13:59 IST

  India's charge is that Pakistan is using a major part of World Bank and IMF money to fund terror outfits. Already, Pakistan is groaning under the weight of $224 billion foreign loans, which amounts to almost 70 pc of its GDP.

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  Speed News: India Likely To Push FATF To Add Pakistan To Its Grey List

  Originals | May 23, 2025 18:45 IST

  India may push the World Bank and FATF for Pakistan's grey-listing. Meanwhile, PM Modi highlighted Northeast's diversity at the Rising Northeast Summit. On the other hand, the BJP slammed Rahul Gandhi as 'Poster boy of Pakistan'. Watch today's Speed News to know all the headlines of the day.

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  What are the 11 conditions that IMF imposed on Pakistan against its bailout scheme

  Business | May 19, 2025 17:42 IST

  The IMF report has shown the total size of the federal budget at Rs 17.6 trillion, including Rs 1.07 trillion for development spending.

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  IMF Tightens Stance On Pakistan, Sets 11 Conditions For Next Tranche, Urges Major Economic Reforms

  News | May 19, 2025 10:59 IST

  The IMF has set 11 new conditions for Pakistan's bailout tranche, warning that India-Pakistan tensions may worsen economic instability and obstruct key reforms, as stated in its Staff Level report.

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  IMF imposes 11 new conditions on Pak for bailout programme, flags rising tensions as risk: Report

  World | May 18, 2025 13:08 IST

  Among the new requirements are the parliamentary approval of a Rs 17.6 trillion budget, an increase in the debt servicing surcharge on electricity bills, and the removal of restrictions on importing used cars older than three years.

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  IMF funding conflict? $2 billion loan to Pakistan approved despite it harbouring terrorists

  World | May 11, 2025 7:31 IST

  Despite India's objections, which were rooted in Pakistan’s history of supporting cross-border terrorism and its repeated failures to meet IMF programme conditions, the Fund proceeded with its support. The so-called consensus effectively overlooked India's warnings about the risks of enabling a bell

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  India flags terror funding risk as IMF approves USD 1 billion loan for Pakistan

  World | May 10, 2025 7:41 IST

  India has raised concerns over the recent $1 billion IMF loan to Pakistan, warning of potential misuse for state-sponsored cross-border terrorism. India highlighted Pakistan's poor track record with IMF programs and abstained from voting at the crucial IMF board meeting.

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  India abstains from voting on IMF's bailout package for Pak, cites Islamabad's 'poor track record'

  World | May 09, 2025 23:11 IST

  A day ahead of a crucial meeting of the International Monetary Fund (IMF) in Washington, India on Thursday hinted that it could communicate its view to the global financial body on its bailout package for Pakistan.

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  Parameswaran Iyer appointed as India's nominee to IMF board ahead of May 9 meeting | Who is he?

  India | May 05, 2025 12:00 IST

  The government's decision to appoint Parameswaran Iyer assumes significance as the IMF Executive Board will meet on May 9, to take a call on a new USD 1.3 billion loan under a climate resilience loan programme, along with the first review of the ongoing USD 7 billion bailout package for Pakistan.

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  Govt terminates services of IMF board nominee Krishnamurthy Subramanian with immediate effect

  India | May 04, 2025 9:00 IST

  The Appointments Committee of the Cabinet has approved the termination of services of Dr Krishnamurthy Subramanian as Executive Director (India) at the International Monetary Fund with immediate effect, the government order read.

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  India's forex reserves jump to USD 665.4 billion, highest rise in nearly five months

  Business | April 06, 2025 15:09 IST

  India's foreign exchange reserves rose by $6.6 billion to $665.4 billion in the week ending March 28, marking the highest weekly increase in nearly five months, according to RBI data. This marks the fourth consecutive weekly gain, with total reserves up by $20.1 billion in that period.

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  Pakistan cuts 1,50,000 jobs, dissolves six ministries as part of IMF deal

  World | September 29, 2024 21:49 IST

  Pakistan has been struggling to fix its economy for the last many years and it was close to default in 2023 but a timely loan of USD 3 billion by the IMF saved the situation.

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  Rajnath takes jibe at Pakistan, says 'Would've given larger package had it maintained friendly ties'

  India | September 29, 2024 18:27 IST

  Defence Minister Rajnath Singh said that Centre provided package to Jammu and Kashmir for development which was far more than what Pakistan sought from the International Monetary Fund (IMF). He also said that while India spends money in J-K for development, Pakistan misuses bailout money.

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  RBI Governor Shaktikanta Das ranked among top 3 central bankers: Who are other two?

  Business | August 21, 2024 14:54 IST

  Denmark's Christian Kettel Thomsen and Switzerland's Thomas Jordan, Das was recognised for his effective management of inflation, economic growth, currency stability, and interest rates. This accolade highlights his successful monetary policies amidst global economic challenges.

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  'India needs to create 148 million additional jobs by 2030': IMF's Gita Gopinath

  Business | August 17, 2024 18:49 IST

  International Monetary Fund's First Deputy Managing Director Gita Gopinath attended the Diamond Jubilee event at the Delhi School of Economics and said that India needs basic reforms, private investments, and revamping the education system.

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  IMF upgrades India's GDP forecast to 7 per cent for 2024-25

  Business | July 16, 2024 19:52 IST

  The IMF has upgraded India's GDP growth forecast to 7% for the fiscal year 2024–25, citing anticipated improvements in rural consumption. Despite maintaining global growth projections at 3.2%, the IMF cautioned about risks including inflation and trade tensions, urging prudent monetary policies.

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  Pakistan President Zardari threatens ruling govt, says 'we know how to form and dismantle govts'

  World | July 12, 2024 10:30 IST

  The verbal threat by President Asif Ali Zardari came after Pakistan's government said it would continue to seek IMF loans, which he opposed. His party leaders have also expressed unhappiness with the lack of cooperation from provincial and federal governments.

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  IMF raises India's growth projection to 6.8 per cent in 2024 citing rising working-age population

  Business | April 16, 2024 20:01 IST

  As per the World Economic Outlook report, India continues to be the fastest-growing economy of the world, ahead of China's growth projection of 4.6 per cent during the same period.

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  'Can't survive without another IMF programme': Pakistan PM Sharif says another bailout is inevitable

  World | March 21, 2024 16:59 IST

  The comments by Sharif came a day after the IMF said it had agreed to a provisional or staff-level agreement with Islamabad which, if approved by its board, will disburse the last tranche of $1.1 billion under the $3 billion standby arrangement.

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  Pakistan PM Shehbaz Sharif, entire cabinet to forgo salaries amid economic crisis | Does it work?

  World | March 21, 2024 10:46 IST

  Pakistan's austerity measures aim to promote fiscal responsibility amid a severe economic crisis, causing them to seek a financial bailout from the IMF. The global moneylender reached a staff-level agreement with Pakistan to release the last tranche of the $3 billion bailout package.