[ad_1] India’s gross domestic product (GDP) would grow at 7.4% in the current fiscal (financial year 2022-23) and continue at the same level in the next fiscal as well, Union […]
Tag: international monetary fund
Bangladesh seeks $4.5 billion IMF loan as deficit widens: Report
[ad_1] Bangladesh has sought a $4.5 billion loan from the International Monetary Fund, the Daily Star newspaper reported on Tuesday, joining South Asian neighbours Pakistan and Sri Lanka in seeking […]
Pakistani rupee nosedives to all-time low of 212 against US dollar
[ad_1] The Pakistani rupee has dropped to a record low against the US dollar with the exchange rate sliding to PKR 212, local media reported on Monday. The Pakistani rupee […]
IMF to cut global growth outlook ‘substantially’ at next review
[ad_1] The International Monetary Fund will cut its global economic growth outlook “substantially” in its next update, as finance chiefs grapple with a shrinking list of options to address the […]
Sri Lanka’s crisis rings alarm for other troubled economies
[ad_1] Sri Lanka is desperate for help with weathering its worst crisis in recent memory. Its schools are closed for lack of fuel to get kids and teachers to classrooms. […]
Cash-strapped Pakistan gets USD 8 billion in financial support from Saudi Arabia
[ad_1] Saudi Arabia has agreed to provide Pakistan with a “sizeable package” of around USD 8 billion to help the cash-starved country bolster dwindling forex reserves and revive its ailing […]
IMF chief tests positive for Covid-19
[ad_1] “IMF Managing Director Kristalina Georgieva has tested positive for Covid-19. She is experiencing mild symptoms and is working remotely while isolating at home,” the Washington-based crisis lender’s spokesman Gerry […]
Sri Lanka-IMF meet affects credit talks with China, envoy Says
[ad_1] Sri Lanka is facing shortages of food, fuel and medicines as its foreign reserves dry up and it heads for a default on its international debt. Sri Lanka’s meeting […]
IMF urges India to pay attention to food security, says ‘households in pain’
[ad_1] A day after it cut India’s FY22 growth rate projection to 8.2 per cent, the International Monetary Fund (IMF) has drawn attention of Indian households’ pinched pockets. It has […]
India’s high growth rate ‘positive news’ for world: IMF
[ad_1] International Monetary Fund (IMF) chief Kristalina Georgieva on Wednesday lauded India’s high growth rate, as projected in the latest World Economic Outlook, saying that it is positive news for […]
Sitharaman to take part in key meets in United States
[ad_1] Sitharaman will also meet World Bank president David Malpass and participate in a high-level panel discussion on ‘Money at a Crossroad’ hosted by IMF during her visit New Delhi: […]
Extreme poverty dipped in India: World Bank report
[ad_1] New Delhi: Extreme poverty in India was 12.3 percentage points lower in 2019 compared with 2011, as poverty headcount rate declined from 22.5% in 2011 to 10.2% in 2019, […]
Pakistan’s government needs IMF bailout fast to stave off crisis, say investors
[ad_1] The most urgent challenge for Pakistan’s new leaders, other than staying in power, is securing an International Monetary Fund credit line with the nation months away from a financing […]
China’s Evergrande baffled (and worried) after lenders claim $2 billion in cash
[ad_1] Chinese developer Evergrande said Tuesday it is investigating how lenders have laid claim to deposits valued at more than 13.4 billion yuan ($2.1 billion) for its subsidiary, the latest […]