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India needs further economic reforms to attract more investment, IMF says

July 24, 2020 12:35 pm

The remarks by International Monetary Fund's Chief Spokesperson Gerry Rice on Thursday came in response to a question on the recent FDI announcements made by global giants like Facebook and Google in India.

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Continued spread of COVID-19 pandemic poses risk to Indian economy, says IMF official

June 30, 2020 8:56 pm

Recently, the International Monetary Fund (IMF) in its report projected the Indian economy to contract by -4.5 per cent in 2020, which is the slowest Indian growth that it has in its record since 1961.

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IMF's Kristalina Georgieva says virus crisis could ultimately test $1 trillion war chest

June 27, 2020 8:47 am

The IMF anticipates a global GDP contraction of 4.9% this year and a total output loss of $12 trillion through the end of 2021.

COVID-19: IMF approves nearly $1.4 billion to Pakistan to meet balance of payment crisis

'Historic low': IMF projects India's economy to contract by 4.5% this year

June 24, 2020 8:30 pm

The IMF projected the global growth at 4.9 per cent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast.

IMF says it will back Peru's request for $11 bln flexible credit line

May 09, 2020 1:35 pm

The IMF is looking to underwrite an historic stimulus package worth about 12% of gross domestic product.

IMF approves $214 million to Nepal to address COVID-19 pandemic

May 07, 2020 10:28 am

The International Monetary Fund (IMF) said COVID-19 is having a severe impact on Nepal's remittances, tourism, and domestic activity. As such, it will substantially weaken the country's GDP growth, balance of payments and fiscal position.

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RBI’s response to COVID-19 needs to be localised and unconventional

April 24, 2020 6:55 pm

RBI must venture into unconventional monetary policy and design alternatives to significantly ease the pressures of financing on the state governments.

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COVID-19: Global fiscal measures, liquidity injections near USD 14 trillion, says IMF

April 18, 2020 9:22 am

The IMFC called on the membership to urgently provide USD 17 billion of concessional financing for its poverty reduction and growth trust. During the meeting, they received 70 percent of the commitments from members

COVID-19: IMF approves nearly $1.4 billion to Pakistan to meet balance of payment crisis

April 17, 2020 2:24 pm

The International Monetary Fund's (IMF) decision comes at the request of Pakistan, which faces an urgent balance of payment crisis.

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US stalling massive IMF liquidity boost over Iran, China

April 16, 2020 4:25 pm

A massive IMF liquidity injection through issuance of new Special Drawing Rights, something akin to a central bank "printing" new money, has the backing of many finance ministers, prominent economists, and non-profit groups.