IMF
Sri Lanka Elections 2024: Marxist leader Anura Dissanayake wins presidential polls
Anura Kumara Dissanayake, a previously fringe Marxist leader, has been declared the President-elect of Sri Lanka. The presidential vote was coloured by discontent over the island nation's response to an unprecedented financial crisis. Dissanayake, 55, secured 42% of t...
No country in the world, whether US or China, can ignore India: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman has said that India wants to enhance its influence in the world as one in every six persons is Indian and the world cannot ignore India's economy. Union Minister Sitharaman said that no country, whether the US which is far awa...
Rajnath Singh says ¡®India would¡¯ve given larger bailout package to Pakistan if¡'
Defence Minister Rajnath Singh, speaking at a public gathering in Gurez, Jammu and Kashmir, stated that Pakistan has a history of involvement in terrorist activities in the region. He noted that successive Indian governments have repeatedly called on Pakistan to dismant...
India vs Pakistan at UNHRC: 'Busy with propaganda¡', Indian diplomat gives a 'fact-check' to Pak
Indian Diplomat Kshitij Tyagi slammed Pakistan at the UN Human Rights Council, highlighting Kashmir¡¯s rapid development and comparing its budget to Pakistan¡¯s IMF bailout request. He criticised Pakistan for raising the Kashmir issue at the forum. He said...
Bangladesh, Maldives: Our neighbours know India steps in faster, says Jaishankar
At the ET World Leaders Forum, External Affairs Minister S Jaishankar stated that during challenging situations in the neighbourhood, India steps in faster and with fewer conditions.Bangladesh, Maldives: Our neighbours know India steps in faster, says Jaishankar
Pakistan's debt trap has become 'death trap', admits PM Shehbaz Sharif at the World Economic Forum
PM Shehbaz Sharif attended the two-day WEF Special Meeting on Global Collaboration, Growth, and Energy in Riyadh, Saudi Arabia. He made remarks on the increasing inflation rates in the country during the closing session of the WEF. PM Shehbaz Sharif ex...
IMF cuts China's growth outlook amidst its real estate crisis
The International Monetary Fund (IMF) has cut China's GDP growth forecast for the financial year 2023-24 to 5.30 per cent, 20 basis points lower than its July estimate. Many emerging market economies proved quite resilient and surprised on the upside, with China an exception, which was fa
IMF raises India's FY25 GDP growth forecast to 6.5%
Domestic demand resilience will help India carry forward the growth momentum in FY25 as the world prepares for a soft landing, the International Monetary Fund said Tuesday, noting that the Indian economy will grow 6.5% compared with the 6.3% projected earlier. IMF raises India's FY25 GDP growth for
IMF raises India's growth projections for 2024; fastest among developing nations
New Delhi: The International Monetary Fund (IMF) in its latest outlook raised India's growth projections for 2024 from 6.5 per cent to 6.8 per cent, with the country maintaining the fastest-growing status in emerging markets and developing economies. Reacting to which E
Pakistan-IMF deal finalised! Pak PM Shehbaz Sharif announces $3 billion staff-level agreement
Finally, IMF has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement. It has been a long-awaited decision for Pakistan which is teetering on brink of the default. The deal comes after an eight-month delay and offers some respite to
We copy-pasted the advanced economies during global financial crisis: IMF Executive Director
New York (USA): On former RBI Governor Raghuram Rajan's statement regarding the growth of Indian GDP, KV Subramanian, Executive Director of the International Monetary Fund (IMF) and Former Chief Economic Advisor to the Government of India, on December 02 sai
Economic path ahead is 'rough and foggy', says IMF chief Kristalina Georgieva
The International Monetary Fund chief said Thursday the world economy is expected to grow less than 3% in 2023, down from 3.4% last year, increasing the risk of hunger and poverty globally.Kristalina Georgieva said growth is expected to remain around 3% for the next five y
Pakistan protests: 'Willing to lay down our lives...', say Imran Khan's supporters
Pakistan's anti-corruption agency arrested former prime minister Imran Khan at Islamabad High Court on Tuesday (May 9) threatening fresh turmoil in the nuclear-armed country as clashes erupted between Khan supporters and police, killing at least one protester. Khan's
Explained: Pakistan's unending struggles for securing IMF loan, what next?
Pakistan struggles for IMF loan, What next for the Pak economy? From the hike in interest rates, inflation and debt to attempts at securing IMF loan, ET Now's Vikram Oza is here with all the detailsExplained: Pakistan's unending struggles for securing IMF loan, what next?
Pakistan economy crisis: Pak again fails to reach deal with IMF on bailout package
The IMF has delayed the signing of the much-sought-after bailout package with cash-strapped Pakistan after talks between the two sides remained inclusive, according to the global lender which said that discussions will continue virtually in the coming days.Pakistan ec
What are major challenges of food security in Pakistan?
Since the onset of the Russia-Ukraine war, global food crisis remains a major concern around the world. Food insecurity has increased the cost of living, especially in low-income countries like Pakistan, Sri Lanka. Financial institutions have provided assistance to the countries to withstand th
Pakistan hikes tax on luxury goods and services to get IMF bailout package
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan. Faced with critically low foreign exchange reserves, the government has
Pakistan Def Minister confesses country is already bankrupt; says IMF has no solution for its problems
Pakistan's Defence Minister Khawaja Asif has acknowledged that the country has already gone bankrupt. "Pakistan has already defaulted and we are living in a bankrupt country. Everyone including the establishment, bureaucracy, and politicians are re
IMF rejects Pakistan's revised debt management plan; calls it 'unrealistic'
The International Monetary Fund (IMF) review mission has rejected Pakistan's revised Circular Debt Management Plan (CDMP). It has called on the Pakistan government to increase the electricity tariff in the range of Pakistani Rupees (PKR) 11-12.50 per unit to restrict the add
G20 Summit: IMF Managing Director Kristalina Georgieva shakes a leg on arrival in Delhi
IMF Managing Director Arrives In Delhi For G20.Kristalina Georgieva, managing director of the International Monetary Fund, arrives in Delhi for the G20 Summit.G20 Summit: IMF Managing Director Kristalina Georgieva shakes a leg on arrival in Delhi
IMF warns of a global recession in 2023; projects world economic growth lower by $4 trillion through 2026
The International Monetary Fund is again lowering its projections for global economic growth in 2023, projecting world economic growth to be lower by $4 trillion through 2026.IMF warns of a global recession in 2023; projects world economic growt
IMF's Georgieva on 'Delhi Declaration': Not just bones, there's meat on it too
On the sidelines of the G20 Bharat Summit, the Managing Director (MD) and Chairwoman of the IMF & Bulgarian economist Kristalina Georgieva, in conversation with Deepshikha Sikarwar from The Economic Times, shares her concerns about the global economy and why she has faith
India ¡®capable of solving financial problems even during crisis¡¯: DEA Secy cites IMF, World Bank reports
Secretary of the Department of Economic Affairs (DEA) Ajay Seth attended the Digital Public Infrastructure Programme on September 22 in New Delhi. Speaking to the dignitaries and media in attendance, he mentioned how India's UPI digital payment s
Pakistan-IMF deal finalised! Pak PM Shehbaz Sharif announces $3 billion staff-level agreement
Finally, IMF has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement. It has been a long-awaited decision for Pakistan which is teetering on brink of the default. The deal comes after an eight-month delay and offers some respite to
G-20: Heads of WTO, OECD, IMF and EU arrive in New Delhi ahead of the Summit
Director General of World Trade Organization (WTO) Ngozi Okonjo-Iweala, President of the European Council Charles Michel, Secretary General of Organization for Economic Cooperation and Development (OECD) Mathias Cormann, Managing Director of IMF (International Monetary Fund
World Bank, IMF praising Indian economy; big companies eager to invest in India: PM Modi in Greece
Prime Minister Narendra Modi interacted with the Indian diaspora members at the community event organised at the Athens Conservatoire on Friday. PM Narendra Modi said, "Today, be it IMF or World Bank - they don't get tired appreciating the strong econo
IMF says monitoring political and economic developments in Sri Lanka very closely
IMF says that it is 'closely monitoring the ongoing developments in Sri Lanka and hopes for a resolution of the current situation which will allow for resumption of the dialogue on an IMF-supported program'.IMF says monitoring political and economic developments in Sri
IMF on India's growth trajectory: 'Very strong economy'
International Monetary Fund division chief Daniel Leigh on Tuesday reposed faith in the Indian economy and said that it is a "very strong economy." He said that India is one of the bright spots in the global economy right now with a high growth rate.IMF on India's growth trajectory: 'Very stron
IMF cuts global growth forecasts on Russia-Ukraine war
The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia's war in Ukraine, and warning that inflation was now a "clear and present danger" for many countries.(Reuters)IMF cuts global growth forecasts on Russia-Ukr
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