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Thursday, May 06, 2021

IMF

IMF NEWS

Innovative India must capture all segments of financial market to fuel growth: IMF

April 12, 2021 1:21 pm

The IMF official underscored the significance of investments into financial institutions, into oversight, and into infrastructures to ensure that the "financial system can absorb shocks and that is sustaining growth" in a long-term way.

India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF

April 10, 2021 2:51 pm

The International Monetary Fund Deputy Chief Economist, Petya Koeva Brooks, in an interview to PTI on Friday also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country's economy.

IMF, World Bank urged to ensure timely delivery of safe and effective Covid vaccines across countries

April 10, 2021 7:18 am

Observing that a vibrant private sector will be essential for client countries to recover, create jobs, and embrace economic transformation, the communique urged the World Bank Group to continue its work to help crowd-in private capital and finance, and to support the private sector.

IMF chief worried about middle-income countries, urges expanded definition of 'vulnerable'

April 08, 2021 9:08 am

The IMF's Poverty Reduction and Growth Trust can currently only lend to the poorest countries, which limits the ability of developing countries with higher income levels to get low- or zero-interest loans from the IMF.

Economic measures taken by countries during pandemic may have unintended consequences: IMF

April 07, 2021 4:09 pm

The global economy is beginning to emerge from the economic shock caused by the COVID 19 pandemic, Tobias Adrian, Director of the IMF's Monetary and Capital Markets Department, told reporters at a news conference here on Tuesday.

Evidence of normalisation of India's economic activity: IMF chief economist

April 07, 2021 2:04 pm

On Tuesday, the IMF projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic.

Evidence of normalisation of economic activity in India: IMF chief economist

April 07, 2021 8:49 am

On Tuesday, the IMF predicted a projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic.

More than 200 groups urge G20 to back IMF issuance to help poor countries in pandemic

February 25, 2021 10:19 am

In an open letter to the International Monetary Fund and G20 finance ministers, the groups said a new allocation of SDRs would boost the reserves of all countries and avoid pushing low-and middle-income countries further into debt distress.

India's new farm laws have potential to raise farm income: IMF Chief Gopinath

January 27, 2021 6:58 pm

"These particular farm laws were in the area of marketing. It was widening the market for farmers. Being able to sell to multiple outlets besides the Mandis without having to pay a tax. And this had the potential to raise, in our view, farmers' incomes", IMF Chief Economist Gita Gopinath said.

COVID-hit global economy projected to grow at 5.5 per cent in 2021: IMF

January 26, 2021 7:22 pm

The global economy contracted by an estimated 3.5 per cent in 2020 amidst the unprecedented health crisis.