Search For "international monetary fund"
IMF projects India to be fastest growing economy in the world
Updated : 2 years, 11 months ago IST
The International Monetary Fund (IMF) in its flagship World Economic Outlook projected that India will be the fastest growing economy in the world amid financial sector turmoil, high inflation, ongoing effects of the Russia-Ukraine war, and three years of COVID.
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IMF lowers global growth forecast to 2.8 per cent, says recovery 'on track
Updated : 2 years, 11 months ago IST
The International Monetary Fund (IMF) on Tuesday lowered its growth forecast for the global economy to 2.8 per cent and also said that the recovery of the global economy from both the pandemic and Russia's invasion of Ukraine remains 'on track'.
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Int'l Trade Union Confederation calls WBG, IMF to overhaul multilateral sy
Updated : 2 years, 11 months ago IST
In a statement to the spring meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), the International Trade Union Confederation (ITUC) and its Global Unions partners are calling for the International Financial Institutions (IFIs) to overhaul the multilateral system
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Nirmala Sitharaman arrives in US for a week-long official visit; Here's it
Updated : 2 years, 11 months ago IST
During her stay, Sitharaman will be attending the 2023 Spring Meetings of the World Bank and the International Monetary Fund (IMF), along with G20 meetings, Investor/ Bilateral meetings, and other associated meetings.
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UAE participates in the WB-IMF Spring Meetings
Updated : 2 years, 11 months ago IST
Mohamed Bin Hadi Al Hussaini stated that the ministry is keen on attending and participating in such international events, engaging in the international decision-making process and unifying efforts to serve the countries of the region and the world.
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Toxic acids from China-funded Norochcholai Coal Power Plant could affect M
Updated : 2 years, 11 months ago IST
The development comes as China is making a comeback in Sri Lanka as Beijing first gave its consent on conditionalities for the International Monetary Fund to lend money to the island nation. Reports have emerged that indicate that China's Sinopec has committed to invest in Sri Lanka's Hamban
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International Monetary Fund deal is on track, says Pakistan Finance Minist
Updated : 2 years, 11 months ago IST
"We are now only awaiting the confirmation of a USD 1bn commitment from one friendly country. After that, all their requirements to conclude the staff-level agreement will be complete. Following that, it takes two more weeks to take the matter into the board meeting," he assured his people.
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There's a real danger that Pakistan could default on debt: US think tank
Updated : 2 years, 11 months ago IST
The cash-strapped nation is reeling with the repercussions of a deepening political crisis, which initially began in April last year when former prime minister Imran Khan was ousted through a vote of a no-confidence motion, and the derailment of the USD 6.5 billion International Monetary Fun
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Pakistan Finance Minister Ishaq Dar cancels trip to US amid 'domestic stat
Updated : 2 years, 11 months ago IST
Pakistan's Minister for Finance and Revenue Ishaq Dar has cancelled his visit to the United States despite Islamabad making efforts to pursue the International Monetary Fund (IMF) to release a loan tranche, The Express Tribune reported.
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Pakistan's politicians are failing their most vulnerable people
Updated : 2 years, 11 months ago IST
No attempt was made to reduce wasteful government spending or energy usage. No attempt was made to win back external creditors who have dumped Pakistani assets, unnerved by highly irresponsible comments from key policymakers. Promises made to the IMF were broken and wild accusations were hur
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IMF chief says India, China to account for half of global growth in 2023
Updated : 2 years, 11 months ago IST
The International Monetary Fund (IMF) has said the global economy is estimated to grow less than 3 per cent in 2023, with India and China expected to account for half of global growth during the year.
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World Bank reduces Pakistan's growth forecast to 0.4 per cent
Updated : 2 years, 11 months ago IST
Increasing interest rates and uncertainty in financial markets have further enhanced pressure on Pakistan's economy, with future economic prospects heavily reliant on structural reform.
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