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Uncertainty continues: IMF highlights risks beyond trade, investment

It is worth noting that tariffs are not the only uncertainty. Policy changes related to immigration, for instance, will also affect growth in both advanced and low-income countries

Pakistan expects finalisation of staff-level agreement with IMF soon

Pakistani officials are hopeful for the finalisation of a staff-level agreement (SLA) with the IMF during Finance Minister Muhammad Aurangzeb's upcoming visit to the US, according to a media report on Friday. The finalisation is subject to consensus on the external account and verified flood-related losses, as well as their fiscal adjustment across central and provincial accounts, the Dawn newspaper reported. These issues are expected to be finalised during the upcoming IMF-World Bank annual meetings, where the Pakistani delegation, led by the finance minister and including the SBP governor and FBR chairman, will depart this weekend. Official sources confirmed to the paper that the International Monetary Fund (IMF) had shared the draft Memorandum of Economic and Financial Policies (MEFP) with the authorities before a visiting mission left Pakistan after two weeks of engagements. The IMF team visited Karachi and Islamabad from September 24 to October 8 to discuss the second review .

No signs of improvement: Gita Gopinath slams 'Liberation Day' tariffs

On April 2, Trump announced an unparalleled increase in tariffs on goods imported into the US from most of its trading partners during a ceremony labelled "Liberation Day"

Centre appoints former RBI Governor Urjit Patel as IMF's executive director

Patel's appointment comes four months after Krishnamurthy Subramanian was recalled by the government from IMF

Urjit Patel appointed executive director at IMF for 3-year term: Who is he

Former RBI governor Urjit Patel has been appointed executive director at the IMF for three years. Here's a look at his career and what the role entails

IMF raises India's GDP growth projection by 20 bps to 6.4% for FY26

IMF revises India's FY26 GDP growth to 6.4%, citing a favourable external environment; global growth also projected higher for 2025 and 2026

IMF's Gita Gopinath to return to Harvard University at end of August

She will become the inaugural Gregory and Ania Coffey Professor of Economics in the Department of Economics at Harvard University

Jagdeep Dhankhar resigns, Apache arrival, Eternal stock, IMF's Gita Gopinath & more top #newsin1min

Vice President Jagdeep Dhankhar resigned on Monday, citing medical reasons. President Droupadi Murmu has accepted the resignation, and PM Modi responded today, wishing him well.

India now makes fastest payments globally, driven by UPI: IMF note

UPI now processes more than 18 billion transactions per month and dominates other electronic retail payments in India, the note said

Brics finance ministers make unified proposal for voting reform at IMF

The joint statement by the group's finance ministers marks the first time the Brics countries have agreed on a unified position on the proposed reforms

IMF says US tax, spending bill runs counter to deficit-cutting advice

Bessent, who manages the US stake, has criticized the Fund for straying too far from its core economic stability and surveillance missions

IMF to provide Sri Lanka $350 million after fourth review of bailout

The IMF has completed the fourth review of Sri Lanka's USD 2.9 billion bailout programme, allowing the country to draw a USD 350 million tranche from the four-year facility. Amid the island's unprecedented economic crisis, the International Monetary Fund (IMF) in March 2023 approved a nearly USD 3 billion facility to assist Sri Lanka's efforts to durably restore macroeconomic stability by restoring fiscal and debt sustainability. The facility helped Sri Lanka revive its bankrupt economy by building its reserves and successfully negotiating debt restructuring with external creditors. The Executive Board of the International Monetary Fund (IMF) completed the Fourth review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR254 million (about USD 350 million)," the global lender said in a statement. This brings the total IMF financial support disbursed so far to SDR1.27 billion (about USD 1.74 billion). The reforms that were imposed on the

India's forex reserves dip by $1.01 bn to $697.93 bn in week to June 20

India's forex reserves dropped by USD 1.01 billion to USD 697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday. In the previous reporting week, the reserves had jumped by USD 2.29 billion to USD 698.95 billion. Forex reserves had touched an all-time high of USD 704.885 billion in September 2024. For the week ended June 20, foreign currency assets, a major component of the reserves, dropped by USD 357 million to USD 589.06 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves were down by USD 573 million to USD 85.74 billion during the week, the RBI said. The Special Drawing Rights (SDRs) declined by USD 85 million to USD 18.672 billion, the apex bank said. India's reserve position with the IMF also declined by USD 1 million to USD 4.45 billion in the ...

IMF's Gopinath praises Lanka's economic reforms, urges sustained momentum

International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath on Monday commended Sri Lanka's significant progress in economic reforms and emphasised the importance of maintaining momentum to ensure lasting stability and prosperity in the island nation. Gopinath is on a two-day official visit to Sri Lanka from June 15. During her meeting with President Anura Kumara Dissanayake at the Presidential Secretariat, Gopinath acknowledged the strong mandate received by the ruling National People's Power (NPP) in both parliamentary and local council elections, according to a press release issued by the president's office. She noted that these mandates "enhance the government's ability to implement much-needed reforms, it said. Dissanayake's party won record record-breaking two-thirds parliamentary majority in November last year. In the local council election held in early May, it gained a majority of the 338 seats. Gopinath commended the remarkable progress achieved over t

Pakistan's debt increases to PKR 76,000 billion by end-March 2025

Pakistan's debt has increased to PRs 76,000 billion in the first nine months of the current fiscal year, according to the economic survey, which indicated that the cash-strapped country's economy is likely to grow by 2.7 per cent this year. Finance Minister Muhammad Aurangzeb, who released the Economic Survey 2024-25 Monday, said Pakistan's economy has been on the path to recovery for the last two years, and the process was further stabilised and strengthened in the current fiscal year. The survey is a key pre-budget document highlighting the economic performance of the government in the fiscal year 2024-25. Pakistan's financial year begins on July 1. In the first nine months of the current fiscal year, the government's debt increased to PRs 76,000 billion, including PRs 51,500 billion from local banks and PRs 24,500 billion in loans from external sources, according to the document, which comes a day before the presentation of the budget. Addressing a press conference after launchi

Trump's trade war tougher test for emerging markets than Covid crisis: IMF

IMF's Gita Gopinath says emerging market central banks face more complex challenges amid Trump tariff shocks, capital flight risk and rate dilemmas

Datanomics: India closes in on Japan to be fourth-largest economy this year

India is likely to overtake Germany in 2028 as the third largest economy in the world, according to projections by the IMF

Economists see global growth coming under strain; India story intact: WEF

Chief economists from across the world are the most optimistic about a strong economic expansion in South Asia, with India looking set to be the primary engine of growth in 2025 and 2026, a new survey showed on Wednesday. The chief economists, however, warned of the overall global growth coming under strain from trade policy shocks and AI disruption, the World Economic Forum (WEF) said in its latest 'Chief Economists Outlook' report. A majority of surveyed economists saw the current US economic policy as having a lasting global impact, with 87 per cent expecting it to delay strategic business decisions and heighten recession risks. The global growth outlook was divided, with weak prospects in North America, resilience in Asia-Pacific and cautious optimism in Europe. "The outlook for China remains muted, and the chief economists were divided over whether it will reach its target of 5 per cent GDP growth this year. "Optimism remains highest for South Asia, where 33 per cent expect .

India beats Japan, now fourth-largest economy: NITI CEO Subrahmanyam

IMF projects India's GDP to cross Japan's in FY25; NITI Aayog chief says India will surpass Germany in 2.5-3 years to claim third-largest economy spot

FY26 budget talks with Pakistan 'constructive', to continue ahead: IMF

IMF concludes staff visit to Pakistan, says FY26 budget talks constructive and ongoing; confirms next review of Pakistan's funding programme set for second half of 2025