Page 2 - Imf And World Bank

IMF, World Bank raise concerns over worsening global economic outlook

The IMF currently forecasts global growth will be 2.7% next year, slowing from 3.2% this year

Sitharaman to leave for US on Tuesday to attend IMF, World Bank meetings

Finance Minister Nirmala Sitharaman will leave for the United States on Tuesday to attend the annual meetings of the IMF and World Bank, which are likely to deliberate on the current global economic situation. She will also attend the meetings of the G20 Finance Ministers and Central Bank Governors, besides having interaction with business leaders and investors. During her 6-day visit to the US from October 11-16, the minister would meet US Treasury Secretary Janet Yellen and World Bank President David Malpass separately to discuss the issues of mutual interest. Bilateral meetings with several countries, including Japan, South Korea, Saudi Arabia, Australia, Bhutan, New Zealand, Egypt, Germany, Mauritius, UAE, Iran and the Netherlands are also part of the minister's itinerary. Besides, one-on-one meetings are also scheduled with leaders and heads of OECD, the European Commission and UNDP. "Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will be travelling to

140 organisations worldwide ask IMF to issue $650 bn to help poor nations

Allocating more IMF reserve assets known as special drawing rights, or SDRs, "would immediately make hundreds of billions of dollars available to nearly all low- and middle-income IMF member countries

Indian growth projection revised, may be lower than earlier forecast: IMF

The IMF is in the process of revising India's growth projection for 2022, which could be lower than its earlier forecast of 8.2 per cent, amid risks of a global stagflation, a senior official said

Global economic growth risks jolt inflation-obsessed financial markets

The International Monetary Fund and World Bank fanned growth fears further last week when they cut 2022 global forecasts by nearly a full percentage point

Sri Lanka debt advisers may take weeks to hire as economic crisis worsens

Sri Lanka is seeking as much as $4 billion this year to help ease shortages of food, fuel and medicines as its foreign reserves dry up and it heads for a default on its international debt

Sanctions on Russia can be revoked, if Moscow changes behaviour: US

Western sanctions on Moscow have contributed to the price pressures, which are hitting the poorest countries the hardest

World Bank, IMF racing to get aid for Ukraine in coming weeks and months

IMF, World Bank said they were racing to provide billions of dollars of additional funding to Ukraine in coming weeks and months, adding the war there is creating crucial spillovers to other countries

IMF board to meet Sunday for more talks, Georgieva's future at stake

Kristalina Georgieva has denied data-fixing allegations, which date back to 2017, when she was the chief executive of the World Bank.

Janet Yellen declines to take IMF Chief's calls after scandal

Biden govt has yet to offer support for Georgieva

IMF's Georgieva accuses former World Bank Prez Kim's office of manipulation

Georgieva said her effort to prevent Hong Kong data from being added to China's Doing Business ranking demonstrated her concern for preserving the integrity of World Bank data.

IMF, World Bank confirm plans for 'primarily virtual' annual meetings

Malpass first disclosed the plans for virtual annual meetings in a letter to the Bank's governors on Monday

IMF, World Bank call for suspension of debt payments by poorest nations

The move is directed at countries that qualify for the most generous aid from the 'IDA' fund

IMF, World Bank meeting should take on these three shifts in global economy

Annual meetings this week must be devoted to sustaining the global economy