IMF News

India expresses disappointment over lack of support for IMF quota increase

IMF quotas, which are the primary source of IMF funds, determine voting shares. Quotas are supposed to be reviewed every five years although these reviews can be delayed.

Important for India to keep fiscal deficit in check: IMF chief economist Gita Gopinath

In India's case, there has been a negative impact on growth that has come from financial vulnerabilities and the non-bank financial sector, and the impact on consumer borrowing and borrowing of small and medium enterprises, Gopinath said.


'Buckle up:' New IMF chief vows 'relentless' focus on gender equality

Georgieva said she would also prioritize pay equity at the lender, noting that it was not until she reached a senior position at the World Bank that she realized how much her salary had lagged that of male counterparts for many years.

'Three movies made Rs 120 crore in a day': Ravi Shankar Prasad denies economic slowdown

Referring to the NSSO report, Prasad said, "I have given you ten parameters where economy is performing well, but not a single one is reflected in the (NSSO) report Hence I call it a wrong report."

Growth forecast cut foretold: How to read IMF chief's pessimism on India

The IMF chief cited trade tensions having "substantially weakened" manufacturing and investment activities worldwide as one of the primary reasons for the pessimistic projection.

Economist Surjit S Bhalla appointed as Executive Director for India at IMF

Surjit Bhalla's appointment has been cleared by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi.


World Bank's Kristalina Georgieva approved as new IMF chief

A center-right politician who grew up in Bulgaria under communism, Georgieva has built a reputation during her time at the World Bank

IMF team in Pakistan to review its economic progress

The IMF delegation will be briefed on the use of the first tranche of the USD 6 billion loan it has extended to Pakistan, tax revenue, the trade deficit, rupee value, new monetary policy and methods to improve non-tax revenue.

IMF to send SOS team to cash-strapped Pakistan

The IMF team will visit Pakistan from September 16-20 to discuss fiscal issues with special focus to restrict target of primary deficit within the desired limits, Teresa DabanSanchez, IMF Resident Chief in Pakistan, was quoted as saying by the News International.

Argentina sells USD 302 million in reserves to support peso, breaking IMF guideline

Argentina's peso lost 18% in value in a week after leftist opposition presidential candidate Alberto Fernandez recorded a 15-point victory in the Aug. 11 primary election, as investors reassessed the prospects of business-friendly President Mauricio Macri retaining power.