Pakistan govt hikes fuel prices to historic high
Islamabad: Pakistan on Thursday raised the fuel prices to a historic high in a bid to meet the conditions set by the International Monetary Fund (IMF) to release a tranche of a bailout package, media reports said.
Pakistan likely to reel under very high inflation in the H1 of 2023
There seems to be no respite for Pakistan at least in the near future as the country’s economy is likely to reel under very high inflation for quite some time.
IMF projects India is going to be world's fastest economy in 2023, global growth to drop to 2.9 pct
New York: The International Monetary Fund (IMF) on Tuesday released its latest projections on world economic growth where India was seen to be growing at the rate of 6.1 per cent in 2023.
Global growth likely to slow to 2.7 pct in 2023: IMF Report
Washington/IBNS/UNI: The global growth is likely to slow to 2.7 per cent in 2023, and there is a 25 per cent probability that the growth could fall below 2 per cent, the International Monetary Fund (IMF) said in a new report on Tuesday.
IMF further slashes India's GDP forecast for 2022 to 7.4 pc
New Delhi: The International Monetary Fund (IMF) on Tuesday reduced India's gross domestic product (GDP) growth forecast to 7.4 percent in 2022 from 8.2 percent projected in April this year.
India's GDP to hit $5 trillion in FY29
India will become a $5 trillion economy only by 2029, four years later than the target set by Prime Minister Narendra Modi.
IMF lowers India's GDP forecast to 9 pc from 9.5 pc
Washington: The International Monetary Fund (IMF) has lowered India's economic growth forecast to 9 percent for the financial year ending March 31.
IMF chief economist Gita Gopinath bats for global standards for regulating cryptocurrencies
Mumbai/IBNS: A complete ban on cryptocurrency may be difficult to impose and coordinated global action for regulating them would be the right thing to do, the chief economist of the International Monetary Fund (IMF) said Thursday.
Gita Gopinath set to become IMF's first deputy managing director
Washington/IBNS: In a big promotion, International Monetary Fund (IMF) chief economist Gita Gopinath is set to become the financial institution's first deputy managing director.
IMF cautions El Salvador against using bitcoin as legal tender
Washington/IBNS: The International Monetary Fund (IMF) has said El Salvador should stop using bitcoin as legal tender due to its high price volatility and consequent risks to consumer protection.
IMF's Chief Economist Gita Gopinath to leave job in 2022, return to Harvard University
Washington: International Monetary Fund (IMF) Managing Director Kristalina Georgieva announced recently that Gita Gopinath, the Chief Economist and Director of the Research Department, intends to leave the Fund in January 2022 and return to Harvard University’s Economics Department as planned when her public service leave ends.
IMF cuts India growth to 9.5%, but it remains fastest-growing large economy
New Delhi: The COVID-19 second wave has shaved off 3 per cent from the International Monetary Fund's (IMF) previous projection for India's economic growth for this fiscal year, pegging it now at 9.5 per cent, but the country still remains the world's fastest-growing large economy.
COVID: IMF proposes vaccination of 40 per cent of population in all countries by 2021 end
New Delhi/IBNS: Amid the devastation of the economy due to COVID-19 pandemic, the International Monetary Fund (IMF) has proposed the vaccination of 40 per cent of the total population in all countries by the end of 2021.
India to grow at 12.5 pc in FY 22, predicts IMF
New Delhi/UNI: The International Monetary Fund on Tuesday revised upward its growth projection for India to 12.5 per cent for financial year 2021-22 from 11.5 per cent estimated in January.
IMF urges Euro zone governments to continue fiscal support amid pandemic
Washington/Sputnik: The International Monetary Fund (IMF) is calling on governments in the euro zone to continue providing fiscal support until the COVID-19 crisis is over, Managing Director Kristalina Georgieva told reporters on Monday.