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  India at forefront in fighting COVID-19, stands out in terms of vaccine policy: Gita Gopinath

  India | March 09, 2021 12:26 IST

  Gopinath lauded the Serum Institute of India, saying it produces the most number of vaccines in the world in a regular year and has been manufacturing the COVID-19 vaccine doses that are delivered to COVAX and then distributed to countries around the world.

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  India needs bold, multifaceted policy response to secure robust economic recovery: IMF

  Business | January 28, 2021 20:17 IST

  The International Monetary Fund (IMF) on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register the double-digit growth this year amidst the catastrophic coronavirus pandemic.

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  India's new agri laws have potential to raise farm income: IMF

  Business | January 27, 2021 14:55 IST

  There are multiple areas where the reforms are needed, including infrastructure, the Chief Economist of the Washington-based global financial institution said on Tuesday.

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  IMF projects impressive 11.5% growth rate for India in 2021

  India | January 26, 2021 19:31 IST

  The IMF on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic. 

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

  Business | January 15, 2021 8:01 IST

  There is, however, a need to strengthen the social safety net for those who might be adversely affected by the transition to the new system, Gerry Rice, Director of Communications at IMF, said at a news conference in Washington on Thursday.

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  Focusing on protecting people, health of population remain a priority for India: IMF

  India | October 15, 2020 8:49 IST

  ​India's priorities should be to protect the most vulnerable people, well targeted support and protecting small and medium sized enterprises so that they do not collapse as the country battles the COVID-19 pandemic, Managing Director of the International Monetary Fund Kristalina Georgieva has said.  

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  Indian economy will recover from coronavirus crisis with right policies: IMF official

  Business | October 14, 2020 14:08 IST

  The International Monetary Fund in its annual World Economic Outlook significantly downgrades India's growth for the fiscal year 2020 to minus 10.3 pe

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  'Solid achievement' of BJP's 'hate-filled cultural nationalism': Rahul Gandhi on IMF projections

  India | October 14, 2020 12:20 IST

  Gandhi also shared a graph citing its source as the International Monetary Fund's World Economic Outlook report which showed Bangladesh closing in on India and almost catching up with it in terms of per capita GDP this year. "Solid achievement of 6 years of BJP's hate-filled cultural nationalism: Bangladesh set to overtake India," Gandhi said in a sarcastic tweet accompanied by clapping emojis.

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  Indian economy to contract by 10.3% in 2020; to bounce back with 8.8% growth in 2021: IMF

  Business | October 13, 2020 20:18 IST

  The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund said on Tuesday.

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  Pakistan to face another restriction, as IMF to restrict short-term borrowings

  World | September 23, 2020 18:46 IST

  The cash-strapped economy of Pakistan is going to take another restricting hit, this time by the International Monetary Fund (IMF) as it looks towards furthering the constraints on short-term borrowings for filling the budgetary gap which has arisen from the forecast that Pakistan's gross financing needs would be up to 1.5 per cent higher than its gross domestic product in comparison to the previous estimates.

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  India needs further economic reforms to attract more investment: IMF

  Business | July 24, 2020 7:32 IST

  The remarks by the International Monetary Fund’s Chief Spokesperson Gerry Rice came in response to a question on the recent FDI announcements made by companies like Facebook and Google in India.

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  IMF urges Pakistan to freeze salaries of government employees

  World | June 05, 2020 11:14 IST

  The International Monetary Fund (IMF) has urged Pakistan to freeze salaries of government employees and adhere to the fiscal consolidation path by showing a nominal primary deficit in the new budget, said Finance Ministry sources.

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  'It's a strong response', IMF lauds India's tackling of COVID-19 crisis

  India | June 05, 2020 7:15 IST

  International Monetary Fund (IMF) has lauded Prime Minister Narendra Modi-led government's response to the ongoing coronavirus pandemic by calling it a 'strong' response by the authorities to the crisis. IMF Communications Director Gerry Rice, in a press conference, has said that the financial response in India provides much-needed support to various sectors.

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  IMF approves USD 214 million to Nepal to address COVID-19 pandemic

  World | May 07, 2020 8:58 IST

  The IMF on Wednesday approved a disbursement to Nepal of about USD 214 million to help the Himalayan nation cover the urgent balance of payments and fiscal needs stemming from the COVID-19 pandemic. 

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  COVID-19: Global fiscal measures, liquidity injections near USD 14 trillion, says IMF

  World | April 18, 2020 8:01 IST

  Countries have taken fiscal measures and central banks together injected a total of whopping USD 14 trillion as part of their efforts to mitigate the challenges posed by the novel coronavirus pandemic, the International Monetary Fund has said. 

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  COVID-19: IMF approves nearly $1.4 billion to Pakistan to meet balance of payment crisis

  World | April 17, 2020 8:05 IST

  The State Bank of Pakistan has adopted a timely set of measures, including a lowering of the policy rate and new refinancing facilities, to support liquidity and credit conditions and safeguard financial stability. 

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  IMF proposes to deploy full USD 1 tn lending capacity to support countries battling COVID-19

  World | April 16, 2020 8:15 IST

  Describing the COVID-19 pandemic as a crisis like no other, International Monetary Fund head Kristalina Georgieva on Wednesday said the international body is proposing to use all its USD1 trillion lending capacity to support countries battling the outbreak.

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  IMF backs India's 'proactive' decision of extending lockdown amid COVID-19 crisis

  India | April 16, 2020 7:23 IST

  The International Monetary Fund Wednesday said that it supports India's proactive decision of a imposing a nationwide lockdown in its fight against coronavirus. A day earlier, the IMF in its World Economic Outlook had forecast India's growth rate to be 1.9 per cent in 2020.

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  IMF projects India's growth rate at 1.9% in 2020, forecasts global recession due to COVID-19

  India | April 14, 2020 18:31 IST

  The IMF on Tuesday projected a GDP growth of 1.9 per cent for India in 2020, as the global economy hits the worst recession since the Great Depression in the 1930s due to the raging coronavirus pandemic that has nearly stalled all economic activities across the world.  

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  IMF executive board approves immediate debt relief for 25 countries

  Business | April 14, 2020 7:56 IST

  The International Monetary Fund (IMF) Executive Board has approved immediate debt service relief for 25 member countries as part of its response to help address the impact of the COVID-19 pandemic.