International Monetary Fund
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COVID-19: IMF approves nearly $1.4 billion to Pakistan to meet balance of payment crisis
World | Apr 17, 2020, 08:05 AM ISTThe 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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Asia to see zero per cent growth in 2020 due to coronavirus outbreak, says IMF
Business | Apr 16, 2020, 12:15 PM ISTHit hard by coronavirus outbreak, Asia is expected to witness zero per cent growth in 2020, its worst growth performance in almost 60 years, but still the world's largest and most populous continent is likely to fare better than other regions in terms of activity, IMF said.
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IMF projects contraction of global output in 2020 and recovery in 2021
Business | Mar 26, 2020, 11:28 PM ISTThe International Monetary Fund on Thursday projected a contraction of global output in 2020 and recovery in 2021 as it asked the leaders of the G-20 countries to back a doubling of its USD 50 billion emergency financing capacity in the wake of the coronavirus pandemic.
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IMF team in Pak to review performance
World | Oct 28, 2019, 02:33 PM ISTThe successful completion of the first review would enable Islamabad to draw about $453 million from the Fund in first part of December, taking the total amount to almost $1.44 billion. The IMF had made in July this year an upfront disbursement of $991 million on completion of all prior actions committed by Pakistan before signing the fund programme, Dawn news reported on Monday.
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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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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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Pakistan to receive $1bn IMF instalment on Tuesday
World | Jul 09, 2019, 10:30 AM ISTPakistan will on Tuesday receive the $1 billion instalments from the International Monetary Fund's (IMF) under the recently concluded $6 billion bailout package.
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US expresses 'strong views' on IMF loan to Pakistan, pushes for 'conditionality'
Business | Jun 19, 2019, 02:32 PM ISTPakistan last month reached an agreement with the Washington-headquartered International Monetary Fund (IMF) for a USD 6 billion bailout package aimed at shoring up its finances and strengthening a slowing economy as tries to overcome a ballooning balance-of-payments crisis.
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Voices critical of CPEC being suppressed in Pakistan, US lawmakers told
World | May 14, 2019, 04:06 PM ISTThe USD 60 billion CPEC, which connects Gwadar Port in Pakistan's Balochistan with China's Xinjiang province, is the flagship project of the multi-million dollar Border and Road Initiative (BRI) launched by Chinese President Xi Jinping when he came to power in 2013.
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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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Rouhani slams 'unprecedented' US pressure on Iran
World | May 12, 2019, 04:49 PM ISTRouhani's comments on Saturday came amid rising tensions with Washington which last week deployed warships and warplanes to the Gulf. He said the renewed US sanctions had led to worse economic conditions than during the country's 1980-88 war with neighbouring Iraq.
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US to oppose IMF bailout to cash-stripped Pakistan to repay Chinese debt: Trump administration
Business | Dec 13, 2018, 05:53 PM ISTThe United States is also trying to ensure that Pakistan changes its economic programme so that it's not a failure in the future.
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Global growth has plateaued out at 3.7 per cent; clouds on the horizon: IMF
Business | Oct 09, 2018, 11:54 AM ISTIn the annual IMF and World Bank meeting in Bali, Indonesia, the World Economic Outlook projects that global growth will remain steady over 2018–19 at last year's rate of 3.7 per cent.
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'Real' depreciation of Indian rupee between six to seven per cent: IMF
Business | Sep 18, 2018, 08:57 AM IST“The depreciation will obviously raise the prices of imported goods such as oil and petroleum products, potentially putting an upward pressure on inflation,” said IMF spokesperson.
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IMF forecasts India's GDP to grow at 7.5 per cent in 2019/20 fiscal year
Business | Aug 09, 2018, 01:20 PM ISTGrowth is forecast to rise to 7.3 per cent in fiscal year 2018/19 and 7.5 per cent in 2019/20 on strengthening investment and robust private consumption, the report said.
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US warns against IMF bailout of Pakistan
World | Jul 31, 2018, 01:48 PM ISTThe Trump administration on Tuesday cautioned the International Monetary Fund (IMF) against a possible bailout of Pakistan
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IMF suggests 3 steps to India to sustain high growth rate
Business | Jun 29, 2018, 04:53 PM ISTIndia's growth accelerated to 7.7 per cent in the fourth quarter of Financial Year (FY) 2017-18.
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Will China's growing influence affect international order?
World | Jan 18, 2018, 09:45 AM ISTDo global institutions such as the World Bank and the IMF need to be reformed? Will China's growing influence in Asia affect the existing international order?
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IMF to update India’s growth rate forecast on encouraging September GDP data
Business | Dec 01, 2017, 01:57 PM ISTThe IMF statement came as the latest figures showed that India grew at 6.3 per cent in the September quarter compared to 5.7 per cent in the June quarter, reflecting an improvement in the Indian economy.
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Arun Jaitley warns India Inc against profiting from liberal tax regime
May 02, 2015, 01:53 PM ISTNew Delhi: Warning corporates not to take unfair advantage of the liberalised tax environment, Finance Minister Arun Jaitley on Friday said the world is moving towards a more transparent regime that would remove the veil