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IMF pledges $50 billion, warns of growth plunge

March 06, 2020 12:45 am

In a late-night statement on Wednesday, the multilateral body pledged to make the funds available to help poor and middle-income countries where healthcare system remains inadequate to deal with such an epidemic.

IMF projects 3.7% GDP growth for Sri Lanka

February 08, 2020 1:06 pm

The IMF has said that Sri Lanka's economy is gradually recovering from the Easter Sunday terrorist attacks in 2019.

The people deserve better: As the Republic turns 70, the nation’s growth prospects seem fraught

January 25, 2020 11:43 am

It is the robustness of the economy, which alone can deliver millions out of poverty. Yet since 2014 to the 70th year of our Republic, the economy has been given step-motherly treatment. This government’s agenda is not just politics, but divisive politics.

Washington Post cartoon of Priti Patel, Boris Johnson is questionable

Slow and slower

January 22, 2020 9:53 am

India’s economic slowdown is largely made of domestic issues. Union budget is an opportunity to address them.

India Economy fiscal deficit, Nirmala Sitharaman Indian economy, Indian economic slowdown, indian express news

IMF lowers India growth to 4.8%, calls it a drag on world economy too

January 22, 2020 3:08 pm

For the current calendar year 2020, India saw a sharp 1.2 percentage point cut in its growth forecast to 5.8 per cent, the biggest downward revision for any emerging market, which pulled down global growth forecast.

IMF lowers global growth forecast for 2019, cites 'sharp slowdown' in India

January 22, 2020 3:08 pm

"Domestic demand has slowed more sharply than expected amid stress in the non-bank financial sector and a decline in credit growth," India-born IMF Chief Economist Gita Gopinath said.

India needs fiscal-consolidation path to cut debt: IMF

December 24, 2019 7:54 am

Last month, Moody’s Investors Service reduced the nation’s credit-assessment outlook to negative, citing issues ranging from a worsening shadow banking crunch and a prolonged slowdown in the economy to rising public debt.

India needs to keep fiscal deficit target; requires increased revenue mobilisation: IMF's Gopinath

December 20, 2019 6:12 pm

Speaking at the 92nd Annual Convention of Ficci, IMF Chief Economist Gita Gopinath said that in the past few quarters, there has been a steep slowdown in private sector demand and there is now weakness in investment.

India should focus on structural reforms, clean-up of banks and labour reforms: IMF's Gita Gopinath

December 16, 2019 6:01 pm

Kolkata-born Gopinath said the policy priorities of the government should also include a credible fiscal consolidation path that is more ambitious than currently envisaged by the government.

Indian economy, IMF, IMF on Indian economy, Indian economy IMF, IMF Indian economy, Business news, Indian Express

IMF wants India to be more 'transparent' on fiscal data: Report

November 07, 2019 11:16 am

There needs to be a "credible fiscal consolidation" and a more ambitious one since the government has missed its budgeted fiscal targets in the past few years, the report said quoting a senior IMF official.