Imf
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India has worked on fundamentals, but problems needs to be addressed
India | Oct 17, 2019, 11:12 PM ISTThe International Monetary Fund on Thursday said though India has worked on the fundamentals of its economy, there are problems, including the long-term drivers of growth, that need to be addressed.
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IMF downgrades India's GDP growth projection to 6.1 per cent
India | Oct 15, 2019, 07:08 PM ISTThe IMF has downgraded India's GDP growth projection to 6.1 per cent in 2019. The new projection is 1.2 per cent down from its April projections. According to IMF, India will grow at 7.3 per cent in 2019. However, three months later it projected a slower growth rate for India in 2019, a downward revision of 0.3 per cent.
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India recognises the need for sustainable development, says IMF
Business | Oct 13, 2019, 03:57 PM ISTThe International Monetary Fund looks at India as a country that recognizes the need for an environmentally sustainable development strategy as the global community gears up for a decisive fight against climate change.
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Surjit S Bhalla appointed Executive Director for India at IMF
Business | Oct 01, 2019, 11:30 PM ISTEminent economist Surjit S Bhalla was on Tuesday appointed as the Executive Director for India on the board of the International Monetary Fund (IMF), an official order said.
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Bulgaria's Kristalina Georgieva is new IMF chief
World | Sep 26, 2019, 06:51 AM ISTGeorgieva is the first person from an emerging market economy to lead the IMF at a time when, she said, "global economic growth continues to disappoint and trade tension persist".
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Reforms critical for Pakistan's stronger, sustainable growth: IMF
World | Sep 21, 2019, 06:46 AM ISTThe IMF mission visited Islamabad and Karachi from September 16-20 and met top officials. The mission will come back in late October to assess the end-September program targets which will complete the first review by an IMF staff team.
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IMF team arrives in Pakistan to review economic progress
World | Sep 17, 2019, 02:48 PM ISTThe eight-member IMF team, led by Middle East and Central Asia Director Jihad Azour, will hold a series of meeting Prime Minister Imran Khan and other officials of the Pakistani government.
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Pakistan may seek US intervention against tough conditions of FATF, IMF
World | Sep 16, 2019, 05:24 PM ISTCash-strapped Pakistan may seek the intervention of the US for relief from the tough conditions of the FATF and the IMF in lieu of its its services for the peaceful exit of American troops from Afghanistan, according to a media report.
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India's GDP growth rate 'much weaker' than expected: IMF
Business | Sep 13, 2019, 05:01 PM ISTThe International Monetary Fund (IMF) in July projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years, saying its Gross Domestic Product (GDP) will now grow respectively at the rate of 7 per cent and 7.2 per cent, reflecting a weaker-than-expected outlook for domestic demand.
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India's economic growth 'much weaker' than expected: IMF
World | Sep 13, 2019, 06:41 AM ISTIndia's economic growth is "much weaker" than expected, the IMF said on Thursday, attributing the reasons to corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies.
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IMF scales down India's GDP growth rate by 0.3% each in 2019, 2020
Business | Jul 23, 2019, 07:10 PM ISTThe IMF on Tuesday projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years, saying its GDP will now grow respectively at the rate of 7 and 7.2 per cent reflecting a weaker-than-expected outlook for domestic demand.
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IMF urges Pakistan to mobilise domestic tax revenue
World | Jul 22, 2019, 01:49 PM ISTThe IMF has urged Pakistan to mobilise domestic tax revenues to provide for the social and development spending and place debt on a downward trend. The statement of International Monetary Fund (IMF) Acting Managing Director David Lipton came after he met Prime Minister Imran Khan who is on a three-day official visit to the US at the invitation of President Donald Trump.
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India's current account balance deficit grew to $68bn in 2018-19: IMF
India | Jul 18, 2019, 09:47 AM ISTThe External Sector Report of the IMF released on Wednesday by Chief Economist Gita Gopinath also found that India's Net International Investment Position had slightly improved with the deficit coming down from $438 billion in 2017-18 to $431 billion in 2018-19.
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Christine Lagarde resigns as IMF MD
World | Jul 16, 2019, 09:05 PM ISTChristine Lagarde on Tuesday resigned as the Managing Director of the International Monetary Fund (IMF). This comes just hours before a vote on her nomination to become head of the European Central Bank (ECB). Lagarde's resignation comes into effect from September 12, 2019.
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IMF package to bring $38 billion from other creditors: Pakistan
World | Jul 05, 2019, 11:21 AM ISTThe IMF also released a brief assessment of the current economic situation in Pakistan, along with a summary of the IMF programme for the country, noting that the Pakistani economy was at a critical juncture.
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US-India trade tension hangs over Indian capital markets
Business | Jun 16, 2019, 10:34 AM ISTThis decision followed the US ending India's $5.6 billion trade concessions under the Generalised System of Preferences (GSP) programme.
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Pakistan reaches agreement with IMF, to get USD 6 bn over 3 yrs: top official
World | May 12, 2019, 10:43 PM ISTThe agreement now awaits a formal approval by the International Monetary Fund (IMF) board, Dawn news quoted Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh as saying.
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IMF may delay bailout package to cash-strapped Pakistan: Report
World | Apr 15, 2019, 05:15 PM ISTThe IMF's bailout package to cash-strapped Pakistan could be delayed as the global lender is pressing it to be transparent on the CPEC project and wants a written guarantee from Islamabad that its assistance will not be used to repay the loans to China, a media report said on Monday.
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India one of world's fastest growing large economies: IMF
World | Mar 22, 2019, 08:41 AM IST"Important reforms have been implemented and we feel more reforms are needed to sustain this high growth, including to harness the demographic dividend opportunity, which India has," IMF communications director Gerry Rice said.
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Youth inactivity highest in India among emerging, developing markets: IMF economist
Business | Mar 07, 2019, 08:08 AM ISTIMF economist Bluedorn noted that the key challenges facing youth in emerging economies labour markets include gender gaps, technological change, poor job quality in employment.