International Monetary Fund: News

31 Jan 2023

Indian Economy

Amid global slowdown predictions, IMF calls India 'bright spot'

India is likely to see some economic slowdown in the fiscal year 2023, the International Monetary Fund (IMF) said in its January update of the World Economic Outlook released on Tuesday.

30 Jan 2023


Pakistan hikes petrol, diesel prices by PKR 35/liter amid crisis

Pakistan announced a whopping PKR 35/liter price hike on petrol and diesel on Sunday, Reuters reported.

27 Jan 2023


Pakistan seeks bailout amid crisis as currency hits all-time low

The removal of the unofficial price cap in Pakistan saw its currency's largest single-day decline as it plummeted 9.61% to Rs. 255.43 against the US dollar on Thursday.

17 Jan 2023


China's economy grows 3% in 2022, second-lowest in nearly 50yrs

China's economy in 2022 grew at the second slowest rate in nearly 50 years, raising concerns about the impact of the downturn on the global market, AFP reported.

02 Jan 2023

Kristalina Georgieva

One-third of global economy will be in recession: IMF chief

For those who were expecting a better 2023, the head of the International Monetary Fund (IMF) has a grim warning. The new year is going to be "tougher than the year we leave behind," said Kristalina Georgieva.

Amid global economic slowdown, India is in bright spot: IMF

The International Monetary Fund (IMF) claimed on Tuesday that India's economic growth was improving despite the global economic slowdown.

11 Oct 2022

Russia-Ukraine crisis

'2023 will feel like recession,' warns IMF amid economic downturn

The International Monetary Fund (IMF) warned on Tuesday that global growth may see a further drop in 2023 as economies worldwide struggle to deal with the Russia-Ukraine crisis fallout, AFP reported.

03 Sep 2022


India is world's fifth-largest economy, but has to outperform UK

In a significant achievement, India has surpassed the United Kingdom (UK) to claim the position of the 5th largest economy in the world, International Monetary Fund (IMF) said.

03 Sep 2022

Sri Lanka

Sri Lanka crisis: Gotabaya Rajapaksa returns; apprehension of protest grows

Former Sri Lankan President Gotabaya Rajapaksa returned to the country on Friday nearly two months after fleeing the island country amid the worst-ever economic downturn, according to AFP.

21 Aug 2022

Sri Lanka

IMF to visit Sri Lanka on Wednesday to assess debt

A team of the International Monetary Fund (IMF) will be visiting Sri Lanka this week to assess the island nation's total external and internal debt.

08 Aug 2022


Bangladesh: Protests erupt after 52% fuel price hike amid slowdown

Protests erupted across Bangladesh following a sharp increase in fuel prices amid the country's economic slowdown.

01 Aug 2022

Sri Lanka

More important to rebuild Lanka than my own house: Wickremesinghe

Sri lankan President Ranil Wickremesinghe, in reference to the protesters' threats, said that there was no point in asking that he "should go home" because he has nowhere to go.

16 Jul 2022


#NewsBytesExplainer: Like Sri Lanka, these countries too facing economic setback

An economic crisis is brewing in many nations, including the neighboring countries of India.

11 Jul 2022

Sri Lanka

Amid Sri Lanka crisis, IMF chief warns of global debt

With Sri Lanka reeling under its worst economic crisis in seven decades, International Monetary Fund chief Kristalina Georgieva warned G20 nations over global debt.

10 Jul 2022

Sri Lanka

Sri Lankan Army chief seeks public support to maintain peace

Seeking the public's support to maintain peace in the country, Sri Lankan Chief of Defence Staff, General Shavendra Silva, on Sunday said an opportunity to resolve the current political crisis in a peaceful manner is now available.

10 Jul 2022

Sri Lanka

Lanka crisis: Gotabaya to resign, Wickremesinghe's house set on fire

Sri Lankan President Gotabaya Rajapaksa on Saturday agreed to step down from his post after violent protests in which demonstrators stormed his official residence in Colombo, forcing him to flee to an unknown location.

28 Jun 2022


Sri Lanka under virtual lockdown over fuel scarcity amid crisis

Citizens of Sri Lanka have been placed under a virtual lockdown as the worsening sovereign debt crisis has deprived the South Asian country of fuel.

18 Jun 2022


Sri Lanka fuel crisis: 2-week 'work from home' for employees

The Sri Lanka government on Friday declared work from home (WFH) for its government employees for the next two weeks as the island nation is grappling with an acute fuel shortage amid the worst financial crisis it has seen since its independence in 1948.

15 Jun 2022

Pakistan News

Debt-ridden Pakistan government asks its people to drink less tea

Pakistan has asked its citizens to drink less tea in order to keep the country's economy afloat.

10 May 2022

Sri Lanka

Sri Lanka: Ex-PM Mahinda flees to naval base amid protests

Former Sri Lankan Prime Minister Mahinda Rajapaksa and his family have reportedly sought refuge at a naval base in Trincomalee, in the country's northeast region.

19 Apr 2022

Sri Lanka

Sitharaman assures Sri Lanka of all possible assistance from India

Finance Minister Nirmala Sitharaman on Tuesday "assured all possible cooperation" to her Sri Lankan counterpart Ali Sabry on the sidelines of IMF-WB Spring Meetings in the US.

14 Apr 2022


Sri Lanka crisis: India to provide additional $2 billion aid

India is considering enhancing its financial assistance to crisis-hit Sri Lanka in the form of credits for essential commodities and balance-of-payment support.

12 Apr 2022


Amid economic crisis, Sri Lanka defaults on $51 billion debt

Sri Lanka on Tuesday announced that it was defaulting on its $51 billion external debt in anticipation of a bailout from the International Monetary Fund.

01 Apr 2022

Sri Lanka

Protests near Sri Lankan President Gotabaya Rajapaksa's home; 45 arrested

Thousands of people descended on the streets of Sri Lankan capital Colombo near President Gotabaya Rajapaksa's house on Thursday night, demanding that he step down.

29 Mar 2022


Explainer: What's behind Sri Lanka's worst economic crisis in decades?

Sri Lanka is experiencing one of its most severe economic crises in decades, with rising inflation, weak government finances, and COVID-19 shattering the economy.

20 Mar 2022


How would you fund $1.5B subsidy package? IMF asks Pakistan

The International Monetary Pay (IMF) has asked Pakistan to clarify how it plans to fund a $1.5 billion subsidy package promised by Prime Minister Imran Khan.

03 Nov 2021


How Taliban's foreign currency ban affects Afghanistan

The Taliban has banned all foreign currency in Afghanistan and ordered its citizens to only use Afghan currency for trade.

Improve health system to tackle COVID-19 crisis in future: Gopinath

As the world gradually makes its way out of the coronavirus crisis, International Monetary Fund (IMF) Chief Economist Gita Gopinath has said that countries should work on their health system and be ready to provide timely assistance to impacted segments of the society.

15 Jan 2021

Indian Government

India's new farm-laws potential 'step forward' for agricultural reforms: IMF

Backing the new farm laws introduced by the Indian Government, the International Monetary Fund (IMF) said that these laws have the potential to "represent a significant step forward" for agricultural reforms.

Struggling economy gets RBI's boost, big announcement for banks

With the economy stung drastically by the coronavirus pandemic, RBI Governor Shaktikanta Das addressed media for the second time in a month to announce key measures.

11 Apr 2020

South Korea

Coronavirus kills over 100,000 globally; 50% died in a week

The novel coronavirus is highly contagious and is capable of wiping off cities, the new data about the death toll confirms, yet again.

03 Apr 2020


Coronavirus: World Bank approves $1bn emergency fund for India

The World Bank on Thursday approved a $1 billion emergency fund for India to deal with the coronavirus pandemic, which has killed over 70 in the country and infected 2,543.

31 Mar 2020

Donald Trump

Coronavirus: Anticipating job loss, H-1B workers seek extension in US

With the global economy dwindling in the wake of coronavirus pandemic, professionals working on H-1B visas in the United States fear massive job cuts, hence, they have asked the administration to allow them to stay there for longer.

28 Mar 2020

US Senate

We've entered recession, will be worse than 2009: IMF Chief

International Monetary Fund chief Kristalina Georgieva on Friday said the world has entered into a recession, courtesy the coronavirus pandemic and she anticipates that the current global situation to be worse than 2009.

FATF keeps Pakistan on greylist, gives a four-month deadline

Pakistan has got yet another extension from the global terror financing watchdog Financial Action Task Force (FATF).

10 Feb 2020


People wearing jackets, pants, so there's no recession: BJP MP

Amid the ongoing economic crisis, a member of BJP has exclaimed that people can still afford jackets and pants, hence, there is no recession.

01 Feb 2020

Rajnath Singh

5 big takeaways of Nirmala Sitharaman's budget you should know

Finance Minister Nirmala Sitharaman presented her second Union Budget at a time when the Indian economy is struggling, raising concerns among world bodies like the International Monetary Fund (IMF).

24 Jan 2020


IMF chief says growth slowdown in India is temporary

The chief of the International Monetary Fund, Kristalina Georgieva, said on Friday that the economic slowdown in India is temporary.

21 Jan 2020

Piyush Goyal

Jeff Bezos snubbed: IMF's Gita Gopinath says India needs investment

At a time when India is witnessing a historic economic slump, the government should welcome investments, said chief economist of International Monetary Fund (IMF), Gita Gopinath, on Monday.

24 Dec 2019


India in middle of significant economic slowdown, must act: IMF

That India is going through one of its worst economic slowdowns is not news anymore. And keeping the same crisis in mind, the International Monetary Fund (IMF) has asked the Indian government to take action.

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