Page 28 - Imf

IMF chief expects to keep 2023 global growth forecast steady at 2.7%

IMF Managing Director Kristalina Georgieva said 2023 would be another "tough year" for the global economy, and inflation remained stubborn, but she did not expect another year of successive downgrades

IMF sees India as 'bright spot' in global economy, says PM Modi at MP GIS

Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "bright spot" in the global economy and according to the World Bank, India is in a better position to deal with the global headwinds than many other countries. This is because of India's strong "macroeconomic fundamentals", Modi said while virtually addressing the inaugural function of the 7th edition of Invest Madhya Pradesh-Global Investors Summit in Indore. The theme of the two-day summit is 'Madhya Pradesh-The Future Ready State'. Modi said the optimism for India is driven by its strong democracy, young demography and political stability. Due to these, India is taking decisions that boost the ease of living and ease of doing business, he said. The IMF sees India as a bright spot in the global economy while the World Bank says India is in a better position to deal with global headwinds than many other countries, Modi said. "When we talk about a developed India, it is not just our .

IMF bullish on Indian economy despite signals of global downturn

IMF has shown optimism about the Indian economy, suggesting that real GDP is expected to grow at 6.8 per cent in the current fiscal while in 2023-24 it is estimated to grow at 6.1 per cent

Indian economy in a relative 'bright spot', must leverage exports: IMF

India's headline inflation moderated to an 11-month low 5.88% in November from 6.77% the month before

Pak PM holds talks with IMF chief to break deadlock over next aid tranche

Prime Minister Shehbaz Sharif has made a telephonic call to International Monetary Fund chief Kristalina Georgieva to break the deadlock over the release of the next tranche of assistance for cash-strapped Pakistan, according to a media report on Friday. The contact was made four days before an expected face-to-face meeting between the prime minister and the IMF head on the sidelines of the Geneva Conference for flood victims. There was no official word about the contact but sources told The Express Tribune that the prime minister urged the IMF managing director to review the condition for the imposition of new taxes. He also sought relaxation in the demand to increase electricity prices to compensate for the deviation of around Rs 500 billion from the annual circular debt management plan. These remain the major stumbling blocks in reaching an initial understanding of a staff-level visit by the IMF to Pakistan. "However, the government stood ready to impose flood levy and windfall

India in relative 'bright spot', must leverage exports, says IMF official

India's headline inflation moderated to an 11-month low 5.88% in November from 6.77% the month before

Oil dips after IMF says slowing global growth engines portend tougher 2023

Oil prices slid from their highest levels in a month on a stronger dollar and after the head of the International Monetary Fund warned of a tougher 2023

Recession will hit a third of world this year, warns IMF chief Georgieva

A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down. Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday during a CBS news programme "Face the Nation." It comes at a time when the ongoing conflict in Ukraine shows no signs of abating after more than 10 months, with spiralling inflation, higher interest rates and the surge in coronavirus infections in China fuelled by the Omicron variant. "We expect one-third of the world economy to be in recession," Georgieva said on the news programme. The year 2023 will be tougher than last year because the economies of the US, the EU and China will slow down, she said. "Even in countries that are not in recession, it would feel like a recession for hundreds of millions of people," she explained. In October last year, the IMF trimmed its growt

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Pakistan will default if it doesn't enter IMF programme, warns Imran Khan

Khan, before coming into power in 2018, had been a severe critic of approaching the IMF and other countries for loans

Global economy faces tougher year in 2023: IMF's Kristalina Georgieva

"Why? Because the three big economies - the US, EU and China - are all slowing down simultaneously," she said

Global economy faces tougher year in 2023, IMF chief Georgieva warns

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the US, Europe and China - all experience weakening activity, the head of the IMF said

Pakistan has 'no other option' except implementing IMF deal, says Pak PM

Pakistan Prime Minister Shehbaz Sharif has said that his government has no other option but to implement the International Monetary Fund (IMF) programme to revive the cash-starved economy. He regretted that if the government wanted to give any subsidy in any sector, it had to go to the IMF "which is a factor and a painful reality", the state-run Associated Press of Pakistan quoted Sharif as saying during a meeting on Tuesday. He said the coalition government never wanted to transfer the burden of price hikes to the people but added that the country would have to implement the IMF programme as they had no other option. The prime minister also said that the agreement with the IMF was blatantly breached by the Imran Khan-led PTI government in the past. Cash-strapped Pakistan revived a stalled USD 6 billion IMF programme this year which was initially agreed upon in 2019 but is finding it hard to meet the tough conditions of the Washington-based global lender. There are reports that the

IMF asks Pakistan to meet demands within 3 weeks to revive loan programme

International Monetary Fund has shared list of prerequisite actions with Pakistani authorities for moves towards implementing them in the next three weeks if they are keen to revive the loan programme

Ukraine to require at least $39.5-billion external financing in 2023: IMF

Ukraine will require at least $39.5 billion in external financing in 2023 to keep its economy afloat, a media report said, citing a recent International Monetary Fund (IMF) projection

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Lack of tenable answers to IMF may delay release of funds to Pak: Report

Pakistan had in the current fiscal, estimated flood-related reconstruction costs at PKR 251 billion (USD 1.1 billion)

IMF calls for 'more ambitious' fiscal consolidation by India, cites risks

But govt asserts public debt is sustainable

IMF approves new program to support Ukraine's macroeconomic stability

The programme is aimed at mobilising state budget revenues, strengthening the financial sector, and improving management transparency and effectiveness for state-owned enterprises

Will IMF loans to Pakistan continue after fuel prices are slashed?

As per the IMF loan rider, Pakistan, with its dwindling foreign exchange reserves amid strict repayment schedule, had committed to increase levy on fuel and eliminate subsidies