International Monetary Fund
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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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India averted rise in extreme poverty through Modi govt's food security scheme: IMF report
India | Apr 06, 2022, 11:58 AM ISTThe new IMF paper, Pandemic, Poverty, and Inequality: Evidence from India, presented estimates of poverty (extreme poverty PPP USD 1.9 and PPP USD3.2) and consumption inequality in India for each of the years 2004-5 through the pandemic year 2020-21.
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India has safeguards in place to mitigate risks from capital flows: International Monetary Fund
India | Mar 31, 2022, 07:07 AM ISTIMF on Mar 30 released a paper on the Review of Institutional View (IV) on the Liberalization and Management of Capital Flows. The IV was adopted in 2012 and provides the basis for consistent Fund advice on policies related to capital flows.
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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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IMF cuts India's economy growth forecast to 9 per cent in FY22
Business | Jan 25, 2022, 08:15 PM ISTIn its latest update of World Economic Outlook on Tuesday, the International Monetory Fund, which had in October last year projected a 9.5 per cent GDP growth for India, put the forecast for the next fiscal FY23 (April 2022 to March 2023) at 7.1 per cent.
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IMF Chief Economist Gita Gopinath calls on PM Modi
India | Dec 15, 2021, 11:47 PM ISTThe meeting comes days after the IMF announced that she is being promoted as its First Deputy Managing Director.
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Gita Gopinath to become IMF's first deputy managing director early in 2022
Business | Dec 03, 2021, 07:42 AM ISTGopinath 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 | Nov 05, 2021, 07:16 AM 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.
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Pakistan fails to strike agreement with IMF under USD 6 billion Extended Fund Facility
World | Oct 17, 2021, 10:22 AM ISTCalling it a worrisome development, sources have said that the IMF staff was so far busy in number-crunching mainly on fiscal framework, external front and power sector.
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Swift, substantial: IMF hails India's response to COVID-19 crisis
India | Oct 16, 2021, 02:32 PM ISTThe IMF has projected India's economic growth at 9.5 per cent in FY2021-22 and 8.5 per cent in 2022-23. Headline inflation is projected at 5.6 per cent in 2021-22, amid elevated price pressures.
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COVID pandemic is exacerbating poverty, inequalities: IMF
World | Oct 15, 2021, 07:18 AM IST“The crisis is exacerbating poverty and inequalities, while climate change and other shared challenges are becoming more pressing and require our urgent attention,” it added.
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India doing well in terms of vaccinating people, says International Monetary Fund
India | Oct 12, 2021, 09:02 PM ISTIMF chief economist Gita Gopinath on Tuesday said that India is doing well in vaccinating people.
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IMF gets briefing on probe into China rankings at World Bank
World | Oct 05, 2021, 09:14 AM ISTGeorgieva said she was looking forward to meeting with the IMF board to brief them on her actions.
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Pakistan set to resume talks with IMF next week to revive USD 6 billion loan package
World | Oct 03, 2021, 12:55 PM ISTSources said that Finance Minister Shaukat Tarin was keen to conclude the parleys on a positive note during face-to-face meetings with the top IMF management in Washington on October 15.
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International Monetary Fund suspends its engagement with Afghanistan
World | Sep 17, 2021, 08:27 AM ISTIMF said it was deeply concerned with economic conditions in Afghanistan, urging the international community to take urgent steps to stall a "looming humanitarian crisis" in the country.
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Rising world food prices causing concerns among people: IMF
Business | Jun 26, 2021, 01:29 PM ISTAt the start of the pandemic, food supply chain disruptions, a shift from food services (such as dining out) towards retail grocery and consumer stockpiling (coupled with sharp appreciation of US dollar) pushed up consumer food price indices in many countries.
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IMF proposes carbon price floor among large emitters to limit 'global warming'
World | Jun 19, 2021, 09:02 AM IST"Gradually increasing price on carbon encourages innovation and transition to renewable energy, clean mobility, and low carbon technologies," IMF MD said in prepared remarks at an event hosted by the Brookings Institution.
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IMF proposes USD 50 billion global vaccination plan
World | May 22, 2021, 07:56 AM ISTThe International Monetary Fund has proposed a USD 50 billion global vaccination plan that would cover at least 40 percent of the global population by the end of 2021 and at least 60 percent by the first half of 2022.
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Innovative India must capture all segments of financial market to fuel growth: IMF
Business | Apr 12, 2021, 12:34 PM ISTIndia is on the right track and is innovating on the policy side, including on digital identity and payments, but it also needs to capture all the segments of the financial market and institutions to make sure that every piece fits together like a puzzle to fuel growth in the country, according to a top IMF official.
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IMF, World Bank urged to ensure timely delivery of COVID-19 vaccines across nations
World | Apr 10, 2021, 07:39 AM ISTInflation and depleted incomes have raised household indebtedness and food insecurity, it said, urging the IMF and the World Bank to scale up its work to address rising levels of food insecurity and to support countries in achieving Sustainable Development Goal 2 and nutrition for all.