International Monetary Fund: News
Modi calls out double-standards on terrorism at G7 Summit
Prime Minister Narendra Modi addressed the G7 Outreach Session in Kananaskis, Canada, where he called for a united global front against terrorism and an end to double standards.
India's forex reserves jump by $5.17B to $697B—reversing previous dip
India's foreign exchange reserves have witnessed a significant increase, rising by $5.17 billion to reach $696.66 billion for the week ending June 6, data released by the Reserve Bank of India (RBI) on Friday showed.
IMF defends $1 billion bailout package to Pakistan
The International Monetary Fund (IMF) has defended its recent $1 billion bailout package for Pakistan, saying the country met all necessary targets for disbursement.
'Pakistan giving Masood Azhar ₹14cr…IMF must rethink loan': Rajnath Singh
Defense Minister Rajnath Singh has urged the International Monetary Fund(IMF) to reconsider its $2.1 billion bailout package for Pakistan.
Jaishankar tells Rubio, India's approach measured, responsible
External Affairs Minister S Jaishankar has confirmed that he spoke to United States Secretary of State Marco Rubio.
IMF's $1B Pakistan bailout sparks anger in India
India's abstention from the recent International Monetary Fund (IMF) vote has been noted amid concerns and criticism in India regarding the IMF's decision.
Trump hints at tariff relief for China—What's behind the shift?
US President Donald Trump has hinted at a possible decrease in import duties on Chinese goods.
India to surpass Japan as fourth-largest economy this year: IMF
India is set to overtake Japan as the world's fourth-largest economy later this year, data from the International Monetary Fund (IMF) shows.
Government recalls Krishnamurthy V Subramanian from IMF, 6 months early
The Indian government has recalled Krishnamurthy V Subramanian, the Executive Director of the International Monetary Fund (IMF) for India, six months before his three-year term was to end.
India asks IMF, others to review Pakistan funding
India will raise its concerns over Pakistan's funding with all multilateral development banks (MDBs), including the International Monetary Fund (IMF), World Bank, and the Asian Development Bank (ADB), a senior government official said.
Trump's tariffs a threat to global economy, IMF warns
The International Monetary Fund (IMF) has warned that US President Donald Trump's sweeping tariffs could negatively affect the global economy.
Debt-ridden Pakistan plans to legalize crypto to boost revenue
Pakistan is moving closer to legalizing cryptocurrency trading, newly appointed Pakistan Crypto Council CEO Bilal bin Saqib said.
IMF projects India to be fastest-growing major economy in FY26
The International Monetary Fund (IMF) has predicted that India will continue to be the world's fastest-growing major economy.
Why IMF's Gita Gopinath is urging India to reduce tariffs
Gita Gopinath, the first Deputy Managing Director of International Monetary Fund (IMF), has advised India to reduce its tariffs.
IMF chief predicts India's economy to weaken in 2025
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has predicted a slight weakening of India's economy in 2025.
India's forex reserves surge $1.51B to $658B, reversing previous declines
India's foreign exchange (forex) reserves surged by a whopping $1.51 billion to $658.091 billion for the week ending November 29, data released by the Reserve Bank of India (RBI) showed.
'Nuts': Vivek Ramaswamy lambasts NYC's $220M deal with Pakistan-owned hotel
United States Republican and entrepreneur Vivek Ramaswamy has reacted to reports that New York City is paying $220 million to lease the Roosevelt Hotel in Manhattan, a property owned by Pakistan International Airlines (PIA).
China unveils $1.4 trillion stimulus package to address 'hidden' debt
China has unveiled a five-year CNY 10 trillion ($1.4 trillion) financial plan to tackle the problem of 'hidden' debt in local governments.
India's forex reserves decline to $684.8 billion in October
India's foreign exchange (forex) reserves have declined by $3.4 billion, reaching $684.8 billion as of October 25, the Reserve Bank of India (RBI) data showed.
G7 leaders agree to loan $50 billion to Ukraine
The Group of Seven (G7) leaders have agreed to lend Ukraine around $50 billion.
China's Q3 economic growth slows down, misses government's 5% target
China's economy has grown at its slowest pace since early 2023, latest data from the National Bureau of Statistics showed.
IMF approves $7 billion loan to cash-strapped Pakistan
The International Monetary Fund (IMF) has approved a $7 billion loan for Pakistan, aiming to bolster the country's struggling economy.
Marxist leader Anura Kumara Dissanayake elected Sri Lanka's new president
Anura Kumara Dissanayake, the 55-year-old leader of the People's Liberation Front alliance (JVP), has won Sri Lanka's presidential election.
Trump threatens '100% tariff' on nations ditching Dollar for trade
Donald Trump, the Republican US presidential nominee, has issued a stern warning to countries considering abandoning the US Dollar for trade, according to Bloomberg.
Adani urges Bangladesh to clear power bills of $800 million
Adani Power, a subsidiary of Adani Group has pledged to maintain an uninterrupted power supply to Bangladesh, despite the country's current outstanding payments surpassing $800 million (around ₹6,714 crore).
India's forex reserves reach record high of $681 billion
India's foreign exchange reserves have reached a new peak of $681.69 billion as of August 23, marking an increase of $7.02 billion, according to data from the Reserve Bank of India (RBI).
Is India's growth stalling? Economic Survey projects slower FY25 pace
India's real Gross Domestic Product (GDP) is expected to grow between 6.5% and 7% in the fiscal year 2024-25, as per the Economic Survey presented by Union Finance Minister Nirmala Sitharaman on Monday.
IMF approves $7 billion loan to aid Pakistan's economy
The International Monetary Fund (IMF) has approved a $7 billion loan to Pakistan in an effort to stabilize its struggling economy.
IMF raises China's 2024 GDP growth forecast to 5%
The International Monetary Fund (IMF) has revised its economic growth forecast for China in 2024 to 5%, as stated in a recent press release.
Argentina introduces 10,000-peso banknote worth only $10
The Central Bank of Argentina issued a new 10,000-peso banknote on Tuesday, which is five times the size of the previous highest-valued 2,000-peso bill.
Ecuador declares nationwide shutdown amid energy crisis
Ecuador on Wednesday ordered all public and private workers to stay home for two days as critically low water levels at hydroelectric plants sparked a major power crisis in the country, AFP reported.
No more red carpets at events in Pakistan: Know why
Pakistan's Prime Minister, Shehbaz Sharif, has banned the use of red carpets for federal ministers and government figures at official events.
Pakistan fixes interest rate at 22% as inflation nears 33%
In an attempt to combat alarming inflation rate of 32.89%, Pakistan's central bank has decided to keep its primary interest rate steady at 22% for sixth fiscal term in a row.
Pakistan's new government to seek $6 billion IMF loan: Reports
Pakistan is seeking a new loan of at least US$6 billion from the International Monetary Fund (IMF) to help the incoming government repay billions of dollars in debt due this year.
Interim budget for J&K more than Pakistan's IMF grant
India has announced an interim Budget of Rs. 1.18 lakh crore for fiscal 2024-25 for the union territory of Jammu and Kashmir.
China's manufacturing activity contracts for fourth consecutive month
China's manufacturing sector experienced its fourth consecutive month of contraction in January 2024, signaling a sluggish start to the year for the industry and the world's second largest economy.
1 in 4 CEOs plans to replace workers with AI
A recent study shows that 25% of CEOs plan to reduce their workforce by at least 5% due to the rise of generative AI.
AI could displace 40% of jobs, worsen equality: IMF
The International Monetary Fund (IMF) has shared an analysis revealing that artificial intelligence (AI) could impact nearly 40% of all jobs.
Bangladesh votes today amid opposition boycott, fears of violence
Polling for the general election in Bangladesh began on Sunday amid fears of sporadic violence as the country's main opposition parties announced a boycott.
IMF forecasts 6.3% growth for India's economy this fiscal year
The International Monetary Fund (IMF) predicts India's economy will grow by 6.3% this fiscal year and next, thanks to digital public infrastructure and a robust government infrastructure program.
Pakistan to hold general elections on February 11
Pakistan will hold general elections on February 11, the Election Commission of Pakistan (ECP) said on Thursday.
Sri Lanka approves free visas for India, 6 other countries
Sri Lanka's government has reportedly greenlit a proposal to offer free visas to tourists from seven countries, including India, China, Russia, Japan, Malaysia, Indonesia, and Thailand.
China's property sector downturn could hurt Asia Pacific, warns IMF
The International Monetary Fund (IMF) has issued a warning that the slump in China's real estate sector could put a damper on growth prospects in the Asia Pacific region.
IMF hikes India's growth forecast to 6.3%, lowers China's
The International Monetary Fund (IMF) has revised India's 2023-24 growth forecast from 6.1% to 6.3%, thanks to "stronger-than-expected" consumer spending in the April-June quarter.
Debt-ridden Pakistan seeks $11 billion aid from China, Saudi Arabia
Pakistan's caretaker government is reportedly in talks with China and Saudi Arabia to secure $11 billion in aid, aiming to keep the International Monetary Fund (IMF) bailout program on track and avoid an economic crisis.
Why 40+ countries want to join BRICS
BRICS—a coalition of large emerging economies comprised of Brazil, Russia, India, China, and South Africa—reportedly aims to expand nearly 22 years after its inception.
Pakistan secures $3 billion bailout from International Monetary Fund
The International Monetary Fund (IMF) on Wednesday granted a much-awaited $3 billion bailout for Pakistan, a move that is likely to save the country from defaulting on its debt repayments.
Cash-strapped Pakistan strikes $3 billion standby bailout deal with IMF
Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) for a $3 billion loan program, the global lender said.
Sri Lankan president to visit India, may seek financial support
Sri Lankan President Ranil Wickremesinghe is set to visit India on July 21 for the first time since the country's political chaos and economic crisis last year.
Why Rs. 2,000 note withdrawal is important, IMF expert explains
Dr. Krishnamurthy Subramanian, the executive director for India at the International Monetary Fund (IMF), has hailed the decision of the Reserve Bank of India (RBI) to scrap the circulation of Rs. 2,000 currency notes.
Imran Khan's arrest: 6 dead as protesters attack government buildings
The demonstrations in Pakistan against the arrest of former Prime Minister Imran Khan grew violent as protesters clashed with the police across the country. Reportedly, at least six people have died in the violence.
Pakistan: IMF's bailout package stalled amid debt, unmet loan conditions
The International Monetary Fund (IMF) is reportedly likely to hold up the already agreed bailout package for cash-strapped Pakistan.
Indian economy 'very strong,' will grow at 5.9%: IMF chief
The International Monetary Fund (IMF) on Tuesday slashed the growth projection for India from 6.1% to 5.9% for the financial year 2023-24. However, Daniel Leigh, the division's World Economic Studies chief, praised India, calling it one of the bright spots in the current global economy.
China backs Sri Lanka, clears way for IMF's $2.9B bailout
China has assured Sri Lanka a two-year moratorium for 2022 and 2023, paving the way for the International Monetary Fund's (IMF) $2.9 billion bailout.