Imf
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IMF provisionally agrees on USD 2.9 billion loan for crisis-hit Sri Lanka
World | Sep 01, 2022, 12:59 PM ISTIMF staff and the Sri Lankan authorities have reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about 2.9 billion US dollars.
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IMF meets Sri Lankan President to begin talks for bailout package
World | Aug 24, 2022, 09:08 PM ISTSri Lanka economic crisis: In its latest assessment, the World Bank has said that Sri Lanka has been ranked 5th with the highest food price inflation in the world.
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IMF delegation to visit Colombo next week to finalise staff-level agreement
World | Aug 20, 2022, 12:46 PM ISTIMF delegation will visit Colombo next week for discussions on finalising a staff-level agreement with the government in the “near term,” indicating that a bailout package would require "adequate assurances" from creditors that debt sustainability will be restored.
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Pakistan steeply hikes petroleum prices under deal with IMF to revive bailout programme
World | Jul 01, 2022, 01:42 PM ISTAccording to a notification issued by the finance ministry, the government imposed a Rs 10 per litre petroleum levy on petrol and Rs 5 each on high-speed diesel, kerosene and light diesel oil.
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IMF sets tough conditions for Pakistan to revive $6 billion loan facility: report
World | Jun 29, 2022, 03:40 PM ISTThe International Monetary Fund has asked Pakistan to set up an anti-corruption task force to review all the existing laws that were aimed at curbing graft in the government departments.
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Pakistan: Cash-strapped nation secures deal with IMF to restore stalled $6 billion aid
World | Jun 22, 2022, 01:15 PM ISTThe revival of the facility will immediately provide access to USD 1 billion, which Pakistan badly needs to buttress its dwindling foreign exchange reserves.
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It's not just Sri Lanka, several other countries are facing an economic meltdown
World | May 12, 2022, 09:12 PM ISTThe Covid-19 pandemic and the Russia-Ukraine conflict have pushed debt levels for many countries to alarming levels.
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High oil prices behind inflation in India, monetary tightening needed: IMF
India | Apr 27, 2022, 08:37 AM ISTAccording to estimates, the country’s economy is likely to grow at 8.2 per cent in 2022-23, down 0.8 per percentage points.
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Breakthrough in Pakistan-IMF bailout talks as $8bn package approved
World | Apr 25, 2022, 05:15 AM ISTThe size of the loan would be increased from the existing $6 billion to $8 billion -- a net addition of $2 billion, a senior government functionary requesting anonymity said.
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India has unique role in addressing 'global challenges': IMF chief Kristalina Georgieva
World | Apr 22, 2022, 07:48 AM ISTIMF Managing Director Kristalina Georgieva made the remarks at a joint news conference with Nadia Calviño, Chair, the International Monetary and Finance Committee of the IMF.
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India’s high growth rate positive news for world: IMF MD Kristalina Georgieva
Business | Apr 21, 2022, 07:00 AM ISTThe 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, almost twice faster than China’s 4.4 per cent.
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IMF official identifies regulating crypto, digital currency as priority mid-term issues for India
Business | Apr 20, 2022, 07:54 AM ISTNoting that financial markets and financial institutions are key to growth and economic development, Adrian said addressing the remaining regulatory concerns in the banking system and in the non-bank system is also very important.
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IMF projects India's growth of 8.2% in 2022, making it world's fastest-growing major economy
Business | Apr 19, 2022, 09:38 PM ISTThe global growth has been projected at 3.6 per cent in 2022, down from 6.1 per cent in 2021, the IMF said in its annual World Economic Outlook report released here.
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Citing Russia's war, IMF cuts global growth forecast to 3.6 per cent
Business | Apr 19, 2022, 08:37 PM ISTCentral banks are raising interest rates to counter rising prices, a move that could choke off economic growth. By driving up prices of oil, natural gas, and other commodities, the Russia-Ukraine war has made the task of fighting inflation while preserving the economic recovery even trickier.
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'India headed for robust economic growth', says Finance Minister Sitharaman
India | Apr 19, 2022, 07:33 PM ISTIn her first public appearance before the Atlantic Council think-tank, the finance minister told a select group of Washington audience about how the people together with the Indian government successfully faced the challenge posed by COVID-19 and the subsequent lockdowns.
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IMF chief hails India's help to Sri Lanka amid its worst economic crisis
Business | Apr 19, 2022, 12:37 PM ISTMs Georgieva also congratulated India on its successful vaccination programme to control the spread of COVID-19.
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Biggest risk of cryptocurrency could be money laundering, its use for financing terror: Sitharaman
Business | Apr 19, 2022, 10:11 AM ISTSitharaman highlighted India's performance in the digital world and the government's efforts to build the digital infrastructure framework over the last decade.
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India good at managing finances but global energy price rise will hurt it: IMF MD
Business | Mar 11, 2022, 02:52 PM ISTThe head of the International Monetary Fund (IMF), during a media round table on Thursday on the Russian invasion of Ukraine, told a select group of reporters that the most significant channel of impact on the Indian economy is energy prices.
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Budget 2022-23 thoughtful policy agenda for India, says IMF Managing Director Kristalina Georgieva
Business | Feb 04, 2022, 08:41 AM IST“We have been projecting a quite robust growth for India. Yes, there is a small downgrade versus our previous projection from 9.5 pc to 9 pc for 2022. But then we also have a small upgrade for 2023, because we think that we'll see stable growth not very different from (those projected by) the (Union) Minister of Finance,” Georgieva said
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'India's $900 million aid helped prevent immediate economic crisis': Sri Lanka's top economist
World | Jan 15, 2022, 11:31 PM ISTOn Thursday, India announced a USD 900 million loan to Sri Lanka to build up its depleted foreign reserves and for food imports, amid a shortage of almost all essential commodities in the island nation. The Indian High Commissioner to Sri Lanka Gopal Baglay met the Central Bank Governor Ajith Nivard Cabraal and “expressed India’s strong support to Sri Lanka in the wake of RBI extending over USD 900 million facilities over the last week”.