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  IMF delegation to visit Colombo next week to finalise staff-level agreement

  World | August 20, 2022 12:46 IST

  IMF 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 | July 01, 2022 13:42 IST

  According 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 | June 29, 2022 15:40 IST

  The 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 | June 22, 2022 13:15 IST

  The 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 21:12 IST

  The 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 | April 27, 2022 8:37 IST

  According 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 | April 25, 2022 5:15 IST

  The 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 | April 22, 2022 7:48 IST

  IMF 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 | April 21, 2022 7:00 IST

  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, 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 | April 20, 2022 7:54 IST

  Noting 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 | April 19, 2022 21:38 IST

  The 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 | April 19, 2022 20:37 IST

  Central 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 | April 19, 2022 19:33 IST

  In 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 | April 19, 2022 12:37 IST

  Ms 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 | April 19, 2022 10:11 IST

  Sitharaman 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 | March 11, 2022 14:52 IST

  The 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 | February 04, 2022 8:41 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 | January 15, 2022 23:31 IST

  On 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”.

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  Gita Gopinath to become IMF's first deputy managing director early in 2022

  Business | December 03, 2021 7:42 IST

  Gopinath would replace Geoffrey Okamoto who plans to leave the Fund early next year.

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  IMF welcomes India's announcement at COP26

  World | November 05, 2021 7:16 IST

  "We welcome India's announcement at the COP26 of new targets to increase reliance on renewables and reduce the carbon intensity of its economy, including to adopt net zero target by 2070," Gerry Rice, Director, Communication Dept, IMF, said.