IMF

The IMF's current Sri Lanka bail out would continue with no changes despite the economic impact due to widespread devastation after Cyclone Ditwah, a delegation of the global lender told President Anura Kumara Dissanayake on Wednesday. The representatives of the International Monetary Fund (IMF), who are in Sri Lanka to assess the damage caused by Cyclone Ditwah that left over 600 dead in late November, met with Dissanayake at the Presidential Secretariat, the President's Media Division (PMD) said here. The IMF conveyed that Sri Lanka is currently moving in the right economic direction despite facing a severe disaster situation, Dissanayake's office said, adding, "the IMF representatives stated that there would be no changes to the agreement relating to the Extended Fund Facility (EFF) programme being implemented with Sri Lanka." The discussions relating to the release of the sixth tranche under the programme would resume in March, it added. Sri Lanka is to receive around USD 330 .

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The IMF has reaffirmed India's position as the fastest-growing major economy, with its 2025-26 forecast revised to 7.3 per cent

For FY26, the Fund, in its World Economic Outlook, revised its GDP growth forecast upwards to 7.3%

The IMF on Monday raised India's growth projection to 7.3 per cent for fiscal 2025-26, up 0.7 percentage point from its October forecast, on the back of better-than-expected performance of the economy. The Washington-headquartered multilateral lending agency has also revised India's Gross Domestic Product (GDP) growth forecast to 6.4 per cent for fiscal year 2026-27 beginning April 1, 2026, from its earlier estimate of 6.2 per cent. "In India, growth is revised upward by 0.7 percentage point to 7.3 per cent for 2025 (fiscal FY26), reflecting the better-than-expected outturn in the third quarter of the year and strong momentum in the fourth quarter," it said in its World Economic Outlook (WEO) update. Growth is projected to moderate to 6.4 per cent in 2026-27 and 2027-28 as cyclical and temporary factors wane, the International Monetary Fund (IMF) said. According to India's statistics ministry, GDP during April-September of 2025-26 registered a growth rate of 8 per cent, on the back

The IMF said India continues to anchor global growth, adding that recent economic data has outperformed expectations and could prompt a higher growth projection in its January review

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Pakistan has depended on IMF loans for many years to manage its economy, repay debts and support foreign exchange reserves

The IMF has approved an emergency funding of USD 206 million under its rapid finance instrument to help Sri Lanka address the urgent needs arising from the catastrophic Cyclone Ditwah and preserve macroeconomic stability. The cyclone caused widespread destruction in the island nation and left over 643 people dead. In a statement issued on Friday, the Washington-based International Monetary Fund (IMF) said the disaster has created urgent humanitarian and reconstruction needs, generating significant fiscal pressures and balance-of-payments needs. The emergency financial support provided by the IMF under the rapid finance instrument will help address these pressures, it said. The IMF added that the cyclone devastation hit when the Fifth Review of Sri Lanka's USD 2.9 billion bailout was nearing completion. Given the time needed to assess the economic impact of the cyclone and examine how an IMF-supported programme can best support Sri Lanka's recovery and reconstruction efforts while

The Indian economy is expected to record around 7 per cent growth in the current fiscal, slightly higher than 6.6 per cent projected by the IMF in October, said Gita Gopinath, former chief economist of the Washington-based International Monetary Fund. Speaking at Times Network's India Economic Conclave 2025, Gopinath said that the IMF made its projection for India's growth before the National Statistical Office (NSO) came out with its July-September quarter growth rate of 8.2 per cent. "I would say that the IMF number (India's growth projection) was 6.6 per cent that came out in October. But their forecast for the second quarter of the current fiscal, in terms of what the growth would be, was much lower than what it turned out to be at over 8 per cent. "Just doing math, I would expect that India's GDP growth would go up close to 7 per cent," she said. Earlier this month, the Reserve Bank of India raised the GDP growth projection to 7.3 per cent for the current fiscal from its earli

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When seen historically, India's exchange rate arrangement, both de-facto and de-jure, was floating from 1999 to 2022 (independent, managed, and floating)

The IMF upgraded its China growth forecast for 2025 to 5%, from 4.8%, citing the production powerhouse's strong outbound shipments, also lifting its 2026 forecast to 4.5%, from 4.2%

Pakistan's population also continues to grow at a high pace, with mid-2025 official figures citing 2.55%, while World Bank data points to 1.8-1.9%

RBI deputy governor Poonam Gupta says the IMF's 'crawl-like' label is a sub-classification based on recent volatility data, and does not change India's managed-float exchange rate regime

India got a 'C' grade only for its national accounts data because the base year used is still 2011 to 2012

The Fund cites declining RBI interventions but warns that India's FX restrictions and slow structural reforms could hinder long-term growth

In its Article 4 review, the Fund called for broader debt anchors, stronger state-level reforms and careful monitoring of tax cuts as India continues fiscal consolidation

India's economy is estimated to grow at 6.6 per cent in 2025-26, the International Monetary Fund said, noting that the Goods and Services Tax reforms are likely to help cushion the country from the adverse impact of the 50 per cent tariffs imposed by the US. "India's economy has continued to perform well. Following the economic growth of 6.5 per cent in fiscal year 2024/25, real GDP expanded by 7.8 per cent in the first quarter of fiscal year 2025/26," the IMF said in a statement after its Executive Board completed an annual assessment for India. The International Monetary Fund (IMF) said that looking ahead, India's ambition to become an advanced economy can be supported by advancing comprehensive structural reforms that enable higher potential growth. Despite external headwinds, growth is expected to remain robust, supported by favourable domestic conditions, it added. "Under the baseline assumption of prolonged 50 per cent US tariffs, real GDP is projected to grow at 6.6 per cent