International Monetary Fund

The central bank chief said ​China supports the multilateral trading system and opposes all forms of ‌protectionist measures

The head of the International Monetary Fund said Wednesday that the US and other wealthy nations need to urgently tackle mounting global debt levels that are weighing heaviest on low-income countries and straining the global financial system. IMF Managing Director Kristalina Georgieva said that while US Treasury Secretary Scott Bessent and other US leaders recognise that the federal deficit and national debt have grown too high, just trying to grow the US economy out of its more than USD 40 trillion in national debt would not suffice. "At the fund, we believe that, growth, of course, helps, but it cannot deliver fast enough the necessary adjustments," Georgieva said at the autumn meeting of the IMF and World Bank in Bangkok. "There is no magic," she said, noting some other measures would be needed. "You have to go in a direction of tightening that, bringing it down, bringing deficit down." Fiscal consolidation' faces challenges ------------------------------------------ Rising de

The IMF has raised India's FY27 growth forecast to 7% from 6.4%, citing resilient domestic demand and robust services activity, and lifted its FY28 projection to 7%

The International Monetary Fund has said the US Federal Reserve's decision to hike interest rates would contribute to tighter global financial conditions and suggested that India allow the exchange rate to act as a shock absorber. An IMF spokesperson on Friday said rate hikes by the Federal Reserve have historically created some pressure for emerging markets through capital flows, financing conditions, and exchange rate movements. On September 17, the Federal Reserve raised interest rates for the first time since July 2023 and indicated another hike could follow, as part of its effort to combat inflation. The spokesperson said that, as with other countries, the impact on India would depend on the magnitude, pace, and persistence of the tightening cycle, as well as domestic economic conditions. "However, India enters this period from a position of strength. Strong growth momentum, a credible inflation-targeting framework, ample external buffers, and healthy corporate and financial .

Driven by economic growth, trade linkages and digital payment networks, India is strategically positioning the rupee for inclusion in the IMF's SDR basket

The global economy has weathered the oil shock caused by the closure of the Strait of Hormuz "better than feared" due to various factors, including an investment boom in artificial intelligence, IMF Managing Director Kristalina Georgieva has said. "What started out as a US phenomenon with AI is now becoming a growth engine for the global economy, with other countries ramping up construction of data centres and other infrastructure," Georgieva told journalists on Tuesday. She said the global economy had "weathered the energy shock caused by the closure of the Strait of Hormuz better than we feared" due to a combination of factors, including drawdowns of oil and gas reserves and increases in non-Gulf supply. "And it is enjoying the tailwinds from an AI investment boom, most notably in the US, where both corporate earnings and consumer demand remain strong," Georgieva said ahead of the G-20 finance ministerial meeting in Asheville, North Carolina, next week. She said the global econom

The IMF has cut India's FY27 growth forecast to 6.4 per cent, saying higher energy prices outweigh resilient economic activity, while raising its FY28 projection

They said that the world economy remained resilient, but the conflict was disproportionately affecting poorer countries through ‌higher fuel and fertiliser prices, increased uncertainty, and job risks

The multilateral institution has urged governments to avoid broad-based subsidies and instead adopt targeted fiscal measures to manage inflation and protect vulnerable households

The IMF warns that AI-powered cyberattacks could threaten global financial stability, exposing vulnerabilities in digital payment systems and banking infrastructure

The rupee has breached 95 against the dollar and is amongst the weakest currencies in Asia

India's push for ease of doing business over the past decade, particularly the 98-point action plan launched in 2015 by the Department for Promotion of Industry and Internal Trade and the World Bank,

The IMF and the World Bank pledged up to a combined $150 billion in new financing assistance for developing countries hit hardest by the massive energy price shock

The IMF pointed to a narrowing gap between the yields of AAA rated corporate bonds and Treasuries as a sign of reduced appeal for US government securities

Suggests governments should be prepared to mitigate economic losses during war

IMF has raised India's FY27 growth forecast to 6.5 per cent, saying lower US tariffs could offset the impact of West Asia tensions even as global growth and trade outlook weaken

India received the highest number of regressive tax recommendations from the International Monetary Fund (IMF) between 2022 and 2024, according to an analysis by Oxfam. The analysis, released ahead of the IMF and World Bank spring meetings in Washington, has flagged that the global body is applying "double standard" by giving largely progressive advice to wealthy countries while suggesting regressive measures for others that are "likely to exacerbate inequality". The report said 59 per cent of the IMF's tax advice to low- and lower-middle-income countries was regressive, while 52 per cent of its recommendations to high-income countries were progressive. A regressive tax refers to a uniform taxation system which burdens those in lower income groups more than high earners. In contrast, a tax levied in proportion to one's income is termed progressive. Oxfam examined 1,049 tax recommendations made by the IMF to 125 countries between 2022 and 2024 and found that only 30 recommendations,

By choking off shipments from the energy-rich Gulf region, the war has triggered a "negative supply shock, meaning that it pushes prices up, said Kristalina Georgieva

IMF Managing Director Kristalina Georgieva warns a prolonged West Asia conflict could hit market sentiment, growth and inflation, urging policymakers to prepare for a "new normal" of global shocks

A "buoyant" US economy is poised to see accelerated growth and lower unemployment this year. But big federal budget debts "represent a growing stability risk," the International Monetary Fund said Wednesday. The 191-country lending organisation's assessment of the world's biggest economy was mostly positive. The IMF saw US gross domestic product - the country's output of goods and services - growing 2.4 per cent in fourth-quarter 2026 from the last three months of 2025, up from 2.2 per cent growth the year before. It sees US unemployment dropping from 4.5 per cent in late 2025 to 4.1 per cent in 2026 and inflation falling to the Federal Reserve's 2 per cent target by 2027. IMF managing director Kristalina Georgieva said the Fed, which cut its benchmark interest rate three times in 2025, could afford to push it down to around 3.4 per cent from 3.6 per cent currently. But it should hold off on deeper cuts barring a "material worsening'' in the American job market, she said. The United