Articles about International Monetary Fund

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

10 May 2022

World
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.

Sitharaman assures Sri Lanka of all possible assistance from India

19 Apr 2022

World
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.

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

14 Apr 2022

India
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.

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

12 Apr 2022

World
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.

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

01 Apr 2022

World
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.

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

29 Mar 2022

World
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.

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

20 Mar 2022

World
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.

How Taliban's foreign currency ban affects Afghanistan

03 Nov 2021

World
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

28 Jan 2021

World
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.

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

15 Jan 2021

World
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

17 Apr 2020

Business
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.

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

11 Apr 2020

World
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.

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

03 Apr 2020

World
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.

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

31 Mar 2020

World
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.

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

28 Mar 2020

World
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

21 Feb 2020

World
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).

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

10 Feb 2020

Politics
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.

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

01 Feb 2020

India
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).

IMF chief says growth slowdown in India is temporary

24 Jan 2020

Business
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.

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

21 Jan 2020

Business
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.

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

24 Dec 2019

India
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.

Pakistan to remain in FATF 'grey list' till February 2020

18 Oct 2019

World
Pakistan to remain in FATF 'grey list' till February 2020

After speculations over its black-listing, Pakistan will now remain in the "grey list" of the global terror funding watchdog Financial Action Task Force (FATF), until a new deadline of February 2020.

FATF may put Pakistan on "dark grey list"

15 Oct 2019

World
FATF may put Pakistan on "dark grey list"

Financial Action Task Force (FATF) will soon decide Pakistan's fate, and things aren't looking great for the country.

Union Minister Ravi Shankar Prasad withdraws 'no economic slowdown' comment

13 Oct 2019

Politics
Union Minister Ravi Shankar Prasad withdraws 'no economic slowdown' comment

Union Minister Ravi Shankar Prasad on Sunday withdrew his controversial statements from the day before wherein he cited the box office performance of three films as proof that India's economy is stable.

Has Pakistan curbed terror financing? FATF to decide soon

13 Oct 2019

World
Has Pakistan curbed terror financing? FATF to decide soon

Pakistan, already having a bad reputation for encouraging terrorism in its land, is facing a testing time.

#EconomicSlowdown: World Bank cuts India's growth rate projection to 6%

13 Oct 2019

Business
#EconomicSlowdown: World Bank cuts India's growth rate projection to 6%

The country's "well-learned" union ministers may want you to believe that there is no economic slowdown whatsoever, but data points otherwise.

Impact of economic slowdown 'more pronounced' in India: IMF Chief

09 Oct 2019

Business
Impact of economic slowdown 'more pronounced' in India: IMF Chief

The entire globe is facing an economic slowdown, but the effect is more pronounced in emerging economies like India, the chief of the International Monetary Fund (IMF) said on Tuesday.

Global Business Forum: Modi invites businesses to invest in India

25 Sep 2019

India
Global Business Forum: Modi invites businesses to invest in India

On Wednesday, Prime Minister Narendra Modi delivered keynote address at Bloomberg Global Business Forum in New York.

Pakistan airline operated over 80 flights with 0 passengers: Report

22 Sep 2019

World
Pakistan airline operated over 80 flights with 0 passengers: Report

In an explicable blooper, Pakistan International Airlines (PIA) operated 46 regular flights without any passengers on board, from the Islamabad airport during 2016-17, revealed the national carrier's audit report.

FATF's Asia Pacific arm blacklists Pakistan for not curbing terror-funding

23 Aug 2019

World
FATF's Asia Pacific arm blacklists Pakistan for not curbing terror-funding

In a big setback for Pakistan, the Asia Pacific division of global terror watchdog Financial Action Task Force (FATF) has put the country on its blacklist over its failure to curb terror financing.

Five famous and successful alumni of IIM-Ahmedabad to know about

12 Jul 2019

India
Five famous and successful alumni of IIM-Ahmedabad to know about

The Indian Institutes of Management (IIMs) are the most sought-after business schools in the country that provide quality management education.

Five famous alumni of IIT Delhi you should know about

02 Jul 2019

India
Five famous alumni of IIT Delhi you should know about

The Indian Institutes of Technology (IITs) are the country's premier engineering institutes that are recognized as centers of academic excellence in science and technology.

It's depressing: Pakistan's Chief Justice on World Cup loss, economy

20 Jun 2019

World
It's depressing: Pakistan's Chief Justice on World Cup loss, economy

After Indian cricket team thrashed Pakistan to register an important win in the ongoing World Cup tournament, social media was abuzz with reactions.

In a rare move, Pakistan agrees to cut military budget

05 Jun 2019

World
In a rare move, Pakistan agrees to cut military budget

As Pakistan is facing a mounting economic crisis, the country's military has agreed to cut its budget for the next fiscal year.

No evidence of Pakistan dismantling terror infrastructure, says ex-envoy Haqqani

13 Apr 2019

World
No evidence of Pakistan dismantling terror infrastructure, says ex-envoy Haqqani

Pakistan Prime Minister Imran Khan's recent statement promising an end of support to terror groups does not reflect a change of policy and is motivated by the fear of getting blacklisted by the global terror-financing watchdog FATF, the country's former envoy to the US, Husain Haqqani, has said.

Pakistan to receive $2 billion loan from China by Monday

22 Mar 2019

World
Pakistan to receive $2 billion loan from China by Monday

Cash-strapped Pakistan will receive over $2 billion loan from its "all-weather" ally China by Monday to provide a boost to its ailing economy, the former's Finance Ministry has announced.

Pakistan writes to FATF seeking India's removal from review body

10 Mar 2019

World
Pakistan writes to FATF seeking India's removal from review body

Pakistan has asked terror financing watchdog, FATF, to remove India as co-chair of its Asia-Pacific Joint Group, to ensure the review process is "fair and unbiased".

Cash-strapped Pakistan gifts gold-plated assault rifle to Saudi Crown Prince

21 Feb 2019

World
Cash-strapped Pakistan gifts gold-plated assault rifle to Saudi Crown Prince

At a time when Pakistan is under immense global pressure on terrorism, the country's cash-strapped government has gifted Saudi Crown Prince Mohammad bin Salman a gold-plated assault rifle, a media report said.

Donald Trump nominates David Malpass for World Bank President

07 Feb 2019

World
Donald Trump nominates David Malpass for World Bank President

US President Donald Trump has nominated David Malpass, a vocal critic of the World Bank, to head the international financial institution, sparking concerns that he may seek to reduce the role of the global lender.

Find out 'Mission Impossible' movies' release dates in 2021, 2022

02 Feb 2019

Entertainment
Find out 'Mission Impossible' movies' release dates in 2021, 2022

Mission Impossible is one of the most successful Hollywood franchises.

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