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IMF Forecasts 'Robust' 6.6% Growth For India Despite Headwinds, US Tariffs
Despite external headwinds, India's economic growth rate in FY26 is expected to remain robust, supported by favourable domestic conditions, according to an IMF report released on Wednesday.
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IMF Cuts Global Growth Outlook Amid Trump Tariffs, Has Warning For India Too
The global economic growth is set to slow down in the coming months, largely due to the trade war sparked by US President Donald Trump's steep tariffs on virtually all trading partners, the International Monetary Fund (IMF) said on Wednesday.
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Israel-Hamas War A "New Cloud" Over World Economy: IMF Chief
The war between Israel and Hamas has darkened the horizon for a world economy that was already experiencing weak growth, IMF chief Kristalina Georgieva said Thursday.
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IMF Raises Issues With Pak's 2023-24 Budget, Calls It "Missed Opportunity"
The IMF has raised several issues in Pakistan's budget for the fiscal year 2023-24, calling it a "missed opportunity" but expressed its readiness to work with the cash-strapped country to refine the budget ahead of its passage in Parliament.
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Sri Lanka Hikes Power Prices By 275 Per Cent To Secure IMF Deal
Sri Lanka's electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the second steep increase in months as the bankrupt island nation works to secure an IMF bailout.
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IMF Cuts Global Growth, Says "For Many, 2023 Will Feel Like A Recession"
Global growth is expected to slow further next year, the IMF said Tuesday, downgrading its forecasts as countries grapple with the fallout from Russia's invasion of Ukraine, spiraling cost-of-living and economic downturns.
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Some IMF Staff Work "Unduly Influenced" Despite Strong Safeguards: Survey
Nearly 20% of the International Monetary Fund (IMF) staff say their work has been "unduly influenced" by supervisors, according to an internal survey released on Thursday as part of a review of data integrity standards that generally found "robust me
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Debt-Ridden Argentina Signs IMF Deal that ‘Discourages’ Use of Cryptocurrency
Argentina has closed a deal with the IMF that buys it more time to settle millions of dollars' worth of debt with the international financial body. One of IMF’s conditions calls for Argentina to curb crypto usage. The IMF is worried that cryptocurrencies could help criminals fund terror and unlawful activities.
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Gita Gopinath To Become IMF Number Two: "Right Person At Right Time"
The IMF's high-profile chief economist Gita Gopinath next month will become the number two official at the Washington-based crisis lender, the fund announced Thursday.
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Cryptocurrency Adoption in Emerging Markets Can Threaten Financial Stability, Says IMF
Cryptocurrencies being rapidly adopted in emerging markets threatens financial stability, IMF has said, adding that unsound macroeconomic policies and inefficient payment systems were among the drivers.
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G7 Eyes Allocating $100 Billion From IMF Funds To Covid-Ravaged Nations: US
The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund's warchest to help countries struggling most to cope with the COVID-19 crisis, the White House said.
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India Needs Urgent Structural, Financial Sector Reforms: IMF
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget, the IMF has said.
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IMF Chief Economist Praises Modi Government For "Very Solid" Growth, GST
India's growth has been "very solid" over the past four years, IMF's Chief Economist Maurice Obstfeld on Sunday said, praising the fundamental economic reforms like the GST and the Insolvency and Bankruptcy Code carried out by the government.
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Tata Trusts Clarify Ratan Tata Did Not Meet UK Prime Minister Theresa May
Ratan Tata, patriarch of the Indian Tata family, did not meet Prime Minister Theresa May a few weeks ago, Tata Trusts said in a statement, after a government source told Reuters last week that the pair and business minister Greg Clark had recently met."The Tata Trusts clarify that Mr. Ratan N. Tata did not have any meetings with the Prime Minister ...
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IMF Says Pakistan Hasn't Approached It For Financial Assistance
Pakistan has not formally approached the International Monetary Fund for financial assistance despite its economic woes, the IMF's chief economist said on Tuesday.
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IMF Forecasts 'Robust' 6.6% Growth For India Despite Headwinds, US Tariffs
Despite external headwinds, India's economic growth rate in FY26 is expected to remain robust, supported by favourable domestic conditions, according to an IMF report released on Wednesday.
-
IMF Cuts Global Growth Outlook Amid Trump Tariffs, Has Warning For India Too
The global economic growth is set to slow down in the coming months, largely due to the trade war sparked by US President Donald Trump's steep tariffs on virtually all trading partners, the International Monetary Fund (IMF) said on Wednesday.
-
Israel-Hamas War A "New Cloud" Over World Economy: IMF Chief
The war between Israel and Hamas has darkened the horizon for a world economy that was already experiencing weak growth, IMF chief Kristalina Georgieva said Thursday.
-
IMF Raises Issues With Pak's 2023-24 Budget, Calls It "Missed Opportunity"
The IMF has raised several issues in Pakistan's budget for the fiscal year 2023-24, calling it a "missed opportunity" but expressed its readiness to work with the cash-strapped country to refine the budget ahead of its passage in Parliament.
-
Sri Lanka Hikes Power Prices By 275 Per Cent To Secure IMF Deal
Sri Lanka's electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the second steep increase in months as the bankrupt island nation works to secure an IMF bailout.
-
IMF Cuts Global Growth, Says "For Many, 2023 Will Feel Like A Recession"
Global growth is expected to slow further next year, the IMF said Tuesday, downgrading its forecasts as countries grapple with the fallout from Russia's invasion of Ukraine, spiraling cost-of-living and economic downturns.
-
Some IMF Staff Work "Unduly Influenced" Despite Strong Safeguards: Survey
Nearly 20% of the International Monetary Fund (IMF) staff say their work has been "unduly influenced" by supervisors, according to an internal survey released on Thursday as part of a review of data integrity standards that generally found "robust me
-
Debt-Ridden Argentina Signs IMF Deal that ‘Discourages’ Use of Cryptocurrency
Argentina has closed a deal with the IMF that buys it more time to settle millions of dollars' worth of debt with the international financial body. One of IMF’s conditions calls for Argentina to curb crypto usage. The IMF is worried that cryptocurrencies could help criminals fund terror and unlawful activities.
-
Gita Gopinath To Become IMF Number Two: "Right Person At Right Time"
The IMF's high-profile chief economist Gita Gopinath next month will become the number two official at the Washington-based crisis lender, the fund announced Thursday.
-
Cryptocurrency Adoption in Emerging Markets Can Threaten Financial Stability, Says IMF
Cryptocurrencies being rapidly adopted in emerging markets threatens financial stability, IMF has said, adding that unsound macroeconomic policies and inefficient payment systems were among the drivers.
-
G7 Eyes Allocating $100 Billion From IMF Funds To Covid-Ravaged Nations: US
The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund's warchest to help countries struggling most to cope with the COVID-19 crisis, the White House said.
-
India Needs Urgent Structural, Financial Sector Reforms: IMF
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget, the IMF has said.
-
IMF Chief Economist Praises Modi Government For "Very Solid" Growth, GST
India's growth has been "very solid" over the past four years, IMF's Chief Economist Maurice Obstfeld on Sunday said, praising the fundamental economic reforms like the GST and the Insolvency and Bankruptcy Code carried out by the government.
-
Tata Trusts Clarify Ratan Tata Did Not Meet UK Prime Minister Theresa May
Ratan Tata, patriarch of the Indian Tata family, did not meet Prime Minister Theresa May a few weeks ago, Tata Trusts said in a statement, after a government source told Reuters last week that the pair and business minister Greg Clark had recently met."The Tata Trusts clarify that Mr. Ratan N. Tata did not have any meetings with the Prime Minister ...
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IMF Says Pakistan Hasn't Approached It For Financial Assistance
Pakistan has not formally approached the International Monetary Fund for financial assistance despite its economic woes, the IMF's chief economist said on Tuesday.
