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Monday, May 23, 2022

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IMF NEWS

High oil prices behind inflation in India, monetary tightening needed: IMF

April 27, 2022 11:54 am

According to estimates, the country's economy is likely to grow at 8.2 per cent in 2022-23, down 0.8 per percentage points, said Anne-Marie Gulde-Wolf, Acting Director of the IMF's Asia and Pacific Department.

Why reforming the system of free food is necessary

April 25, 2022 1:31 pm

Ashok Gulati and Ritika Juneja write: Given the level of freebies on just one item, the important question that arises is: Can this be a sustainable path towards poverty alleviation?

IMF cuts India's growth forecast to 8.2% for FY23

April 19, 2022 8:23 pm

The global growth has been projected at 3.6 per cent in 2022, down from 6.1 per cent in 2021, the IMF said in its annual World Economic Outlook report released here

IMF cuts global growth forecast due to "seismic waves" from Russia's war in Ukraine

April 19, 2022 7:59 pm

The war is expected to slow growth and further increase inflation, the IMF said in its latest World Economic Outlook, while warning that its forecast was marked by "unusually high uncertainty."

Sri Lanka top developments: IMF to consider Colombo’s request for rapid aid; state-run oil company raises fuel price

April 19, 2022 3:35 pm

Finance Minister Nirmala Sitharaman met her Sri Lankan counterpart Ali Sabry and assured him that as a close friend and good neighbour, India will try to extend all possible cooperation amidst the island nation's worst economic crisis.

FM Sithraman meets IMF chief; discusses impact of geopolitical situation on global growth

April 19, 2022 11:37 am

During the meeting held on the sidelines of the ongoing annual spring meetings of the International Monetary Fund (IMF) and the World Bank, the IMF chief highlighted India's well-targeted policy mix that has helped the country's economy remain resilient even with a limited fiscal space.

IMF working paper: ‘In pandemic, food subsidy kept extreme poverty low’

April 07, 2022 11:15 am

"Extreme poverty was as low as 0.8 per cent in the pre-pandemic year 2019, and food transfers were instrumental in ensuring that it remained at that low level in the pandemic year 2020," the paper said.

IMF says monitoring political and economic developments in Sri Lanka 'very closely'

April 06, 2022 8:02 am

President Gotabaya Rajapaksa on Monday dissolved the cabinet and appointed a new finance minister.

Ukraine economy to contract sharply in 2022 due to war, IMF report says

March 14, 2022 11:32 pm

The report, prepared ahead of the IMF's approval of $1.4 billion in emergency financing, said Ukraine's economic output could shrink by 25% to 35%, based on real wartime gross domestic product data from Iraq, Lebanon and other countries at war.

India good at managing finances but global energy price rise will hurt it, says IMF MD

March 11, 2022 12:22 pm

During a media roundtable on Thursday on the Russian invasion of Ukraine and its global impact, Gita Gopinath, who is the First Deputy Managing Director of the IMF, observed that the war has posed a challenge to economies around the world, including India.

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