Page 22 - Imf

IMF sees India's combined debt-to-GDP ratio rising for 4 yrs starting FY24

In its latest Fiscal Monitor report, IMF said India's combined debt-to-GDP ratio will rise a tad to 83.2% in FY24 and will hit a high of 83.8% in FY27 before it starts to moderate

Sustained slowdown

Global economic outlook poses challenges

India likely to have stable debt-to-GDP ratio going forward: IMF official

India is expected to have a stable debt-to-GDP ratio going forward, a senior official from the International Monetary Fund said on Wednesday and recommended rationalization and simplification of Goods and Services Tax (GST). According to Paolo Mauro, Deputy Director of the IMF Fiscal Affairs Department, there will be a gradual resumption of the rise in the global public debt-to-GDP ratio in the medium-term. "Our baseline projection is for the global public debt-to-GDP ratio to reach 100 per cent again by 2028. It is going to take a few years, but that seems to be the direction of travel," Mauro told PTI in an interview. In 2020 there were massive interventions on the part of governments around the world to support people and firms. That implied a lot of spending and a big rise in government debts. "We reached the peak at the end of 2020 of a 100 per cent when it comes to the ratio of public debt-to-GDP. In subsequent years there was a recovery and globally at the end of 2022, the .

Top headlines: Vedanta may issue NCDs, IMF cuts FY24 India growth forecast

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China will support Sri Lanka's debt rework, says Central bank governor

The IMF on March 20 approved a $3 billion loan for the island nation to help bail it out of the worst economic crisis in decades

IMF cuts FY24 India growth forecast to 5.9% as global banking crisis weighs

Projection of 5.9% is among the lowest; retail inflation expected to ease to 4.9%

UK economy set for smaller hit in 2023 than previously feared: IMF

British gross domestic product will contract by 0.3% in 2023, the IMF said in its latest set of global forecasts, a smaller shrinkage than the 0.6% contraction the Fund predicted in January

Interest rates may fall to pre-Covid levels in advanced economies: IMF

The IMF did not say, however, exactly when interest rates were set to fall back to lower levels

LIVE: SBI likely to raise $2 bn via offshore funds, board to meet on Apr18

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FM Nirmala Sitharaman arrives in Washington to attend IMF, WB meetings

Finance Minister Nirmala Sitharaman arrived here to attend the annual spring meetings of the IMF and the World Bank and lead the G-20 countries in a series of intense interactions over a host of issues facing the world. Sitharaman, who is leading a high-powered delegation, is scheduled to kick off her public engagements on Monday from the prestigious Peterson Institute for International Economics by speaking on resilience and growth of the Indian economy and interacting with the think-tank community. Among key engagements of the finance minister here include, spring Meetings of International Monetary Fund and the World Bank; hosting the Second G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India's G20 Presidency and G20-related side events; World Bank Development Committee and IMF Committee Plenaries, interaction with global economists and think-tanks, bilateral engagements and interaction with global business leaders and investors in roundtables. Sitharaman

World Bank, IMF chiefs to discuss complex challenges facing global economy

Three years since the pandemic started, uncertainties and risks still weigh heavily on the global economy, according to the World Bank

How reward-driven are top-level appointments to World Bank and IMF?

Opinion is divided on the issue, with one section of experts and seasoned politicians claiming meritocracy isn't always at play, while another puts the choice down to plain pragmatism

Top headlines: Change in semiconductor scheme, price caps on gas and more

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India, China to account for half of global economic growth: IMF chief

The IMF chief on Thursday said that the world economy is expected to grow at less than 3 per cent this year, with India and China expected to account for half of global growth in 2023. International Monetary Fund (IMF) managing director Kristalina Georgieva warned that a sharp slowdown in the world economy last year following the raging pandemic and Russia's military invasion of Ukraine would continue this year. The period of slower economic activity will be prolonged, with the next five years witnessing less than 3 per cent growth, our lowest medium-term growth forecast since 1990, and well below the average of 3.8 per cent from the past two decades," she said. Some momentum comes from emerging economies Asia especially is a bright spot. India and China are expected to account for half of global growth in 2023. But others face a steeper climb, she explained. After a strong recovery in 2021 came the severe shock of Russia's war in Ukraine and its wide-ranging consequences global

SL to finalise negotiations with creditors before 1st review of IMF bailout

Sri Lanka has received the first tranche of about $330 million from the IMF, and this has not only eased liquidity conditions in the domestic foreign currency market

India has built a world-class digital public infrastructure, says IMF

The IMF paper said that a set of enabling policies in the financial and telecommunications sector also supported the uptake of India Stack

Pakistan raises benchmark interest rate by 100 bps as IMF Loan in Limbo

The overall balance of payments position continues to remain under stress, with foreign exchange reserves still at low levels, the central bank said

Sri Lanka key rate 2-decade high at 16.5% after clinching IMF loan

The Central Bank of Sri Lanka kept the standing lending facility rate unchanged at 16.5%, according to a statement on its website on Tuesday

Ukraine receives first tranche of $2.7 billion financial aid from IMF

Ukraine has received the first tranche of USD 2.7 billion from a new International Monetary Fund (IMF) EEF program, CNN reported quoting Ukrainian Finance Minister Sergii Marchenko

Currency dealers offer $24 bn in loans to Pak to stay away from IMF package

Currency dealers in open market in Pak have offered loans of $24 billion to the government for the next two years to help it stay away from the International Monetary Fund (IMF) programme