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  Bangladesh confirms reform deal reached, IMF will release USD 1.3 billion

  World | May 14, 2025 19:26 IST

  Bangladesh Bank Governor Ahsan H. Mansur has announced the immediate implementation of a managed floating exchange rate, helping secure the loan confirmation.

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  Why did cash-strapped Pakistan require another IMF loan and what it entails? EXPLAINED

  Explainers | September 27, 2024 18:06 IST

  Pakistan's crumbling economy has been beset by decades of financial mismanagement and poor governance, as citizens are struggling to meet their basic needs. This is Pakistan's 25th loan from the IMF and it has become the lender's fifth-largest debtor.

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  Cash-strapped Pakistan gets $7 bn loan from IMF, Finance Minister highlights 'transitional pain'

  World | September 27, 2024 10:43 IST

  The $7 billion loan is Pakistan's 25th IMF payout programme since 1958 in exchange for unpopular reforms like increasing taxes. Decades of mismanagement and poor governance brought Pakistan to the brink of default last year as the country faced heavy economic losses.

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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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  IMF raises serious doubts on cash-strapped Pakistan's capacity to pay back loan amid debt crisis

  World | May 11, 2024 17:58 IST

  The IMF observed that Pakistan's debt repayment faces significant risks and remains critically dependent on policy implementation and external financing. Pakistan also faces numerous challenges, like delayed adoption of reforms, high public debt and gross financing needs among others.

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  IMF approves disbursal of $1.1 billion loan tranche to cash-strapped Pakistan

  World | April 30, 2024 13:06 IST

  The latest tranche is the third and final part of the $3 billion 'stand-by' arrangement between Pakistan and the IMF which is crucial for the country to counter the rising inflation and debt. The cash-strapped country is reeling under high inflation and debt and is heavily reliant on such packages.

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  India aiming to be 'superpower', we are 'begging' to avoid bankruptcy: Pakistani leader

  World | April 30, 2024 8:48 IST

  In a blistering attack on the government and the military establishment, JUI-F chief Fazlur Rehman said "unseen forces" are orchestrating key decisions. He also extended his support to erstwhile rival PTI's right to protest against the "rigged" elections.

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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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  IMF reaches agreement with Pakistan on releasing last tranche of $3 billion bailout package

  World | March 20, 2024 13:12 IST

  Despite Pakistan showing improvement in some areas, the IMF predicted that the country's economic growth remains modest and inflation was above target. The IMF Executive Board had approved the $3 billion Stand-By Arrangement (SBA) for the cash-strapped Pakistan last year.

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  IMF rejects Imran Khan's demands, refuses to intervene in Pakistan's electoral dispute

  World | March 09, 2024 15:34 IST

  Jailed former Pakistan PM Imran Khan wrote a letter to the IMF, urging it to give the poll results a thorough consideration before cutting any new cheques for Islamabad. However, the IMF said it looks forward to engaging with the new government and a new economic programme.

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  Pakistan says IMF conditions for USD 1.2 B tranche met ahead of visit of global lender's review

  World | February 25, 2024 18:14 IST

  The Ministry of Energy officials said they have met the end-December targets related to containing the flow of circular debt below Pakistani Rs 385 billion, timely increase in the electricity prices, and slowing the increase in line losses.

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  Interest rates to keep falling but last mile 'very very tricky', says IMF Chief Kristalina Georgieva

  Business | January 18, 2024 16:24 IST

  The IMF chief said that some countries have successfully managed inflation and can afford accommodative monetary policies.

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  'Still below debt level of 2002,' India terms IMF's latest report 'misconstrued'

  Business | December 23, 2023 8:42 IST

  The finance ministry said that any adverse global shock or extreme event is expected to uni-directionally impact all the economies in an interconnected and globalised world. A cross-country comparison shows that India has done relatively well.

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  'Powerhouse of growth and innovation': PM Modi hails economy after IMF growth projection for India

  India | October 11, 2023 10:39 IST

  International Monetary Fund raised India's GDP projection marginally by 0.2 per cent to 6.3 per cent even as it slashed the global growth forecast to 3 per cent. IMF in July had estimated India's GDP forecast at 6.1 per cent for 2023-24. India's growth is projected to be higher than China.

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  IMF raises India’s growth forecast to 6.3% for 2023-24, cites strong consumption

  Business | October 11, 2023 10:05 IST

  The IMF noted that there are potential risks to prices, primarily from food security concerns. Recent export restrictions in India, the world's largest rice exporter, and uncertain effects of El Nino are contributing to the upward tilt in risks.

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  'Harmful globally': IMF 'encourages' India to lift export restrictions on certain category of rice

  World | July 26, 2023 9:51 IST

  The IMF's statement comes after non-basmati white rice exports were outlawed by the Indian government on July 20 in an effort to increase domestic supplies and regulate retail prices during the upcoming festive season.

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  IMF raises issues with Pakistan's FY23-24 budget; calls it 'missed opportunity' | FULL DETAILS

  World | June 15, 2023 13:10 IST

  IMF on Pakistan Budget: The government unveiled a Rs 14.4 trillion budget for 2023-24 in the National Assembly last week as it battled to fend off a looming default due to shrinking foreign reserves.

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  IMF exudes confidence in India for economic revival; projects 'Asia-Pacific to grow 4.6 pc in 2023'

  Business | May 02, 2023 13:20 IST

  International Monetary Fund: From 3.8 per cent in 2022, the growth in the dynamic Asia-pacific is projected to hike to 4.6 per cent in 2023.

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  Crypto issue requires immediate attention, says FM Sitharaman at IMF event

  Business | April 15, 2023 11:43 IST

  Issues related to crypto have emerged as a major point of discussion among G20 countries and there is unanimity among member nations about the urgency to regulate this sector.

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  Rich people in Pakistan to pay Rs 100 more for petrol, says report

  World | March 21, 2023 18:02 IST

  According to reports, the extra money which will be charged by rich people in Pakistan would be used as funds to subsidise fuel for low-income people.