Page 35 - Imf

IMF revises China's 2022 growth by 1.1%, predicts major global spillovers

"In China, further lockdowns and the deepening real estate crisis have led growth to be revised down by 1.1 percentage points, with major global spillovers," the IMF said

IMF slashes India's FY23 GDP growth forecast by 80 bps to 7.4%

IMF cites less favourable external conditions and rapid policy tightening by RBI as reasons for lowering India's growth outlook

Losing momentum

Growth is likely to moderate further

IMF cuts global growth outlook, warns high inflation threatens recession

Global real GDP growth will slow to 3.2% in 2022 from a forecast of 3.6% issued in April, the IMF said in an update of its World Economic Outlook

Bangladesh seeks $4.5-billion IMF loan amid forex worries: Report

Known for its big garment-exporting industry, Bangladesh has sought the funds for its balance of payment and budgetary needs, as well as for efforts to deal with climate change

IMF chief hopes to complete Sri Lanka aid talks 'as quickly as possible'

The IMF hopes to complete the negotiations with Sri Lanka on a bailout package "as quickly as possible" and the "moment there is a government" in the country, its Managing Director Kristalina Georgieva said on Wednesday, hours after the crisis-hit island nation elected a new president. Sri Lanka has been gripped by severe shortages of fuel, food and other essentials after its foreign reserves dried up. Citizens have turned their anger on the government and forced once-powerful President Gotabaya Rajapaksa to resign last week. On Wednesday, the Sri Lankan Parliament elected Acting President Ranil Wickremesinghe as his replacement. "IMF hopes to complete negotiations with Sri Lanka "as quickly as possible, & the moment there is a govt we can continue our discussions & our team will be there," Georgieva said, Hiru News reported. Wickremesinghe in his previous capacity as prime minister and finance minister has been involved in the negotiations with the Washington-based ...

There's fear of Sri Lanka crisis spillover, says EAM S Jaishankar

To help island nation engage with IMF, other debtors, says Jaishankar after all-party meet

Pakistan rupee drops to record, bonds fall as Fitch cuts outlook

The rupee has tumbled to a succession of all-time lows in recent days as escalating political uncertainty has added to concern over the country's bailout deal with the IMF

Russian gas shutdown would send some EU countries into recession: IMF

IMF said Europe lacked a comprehensive plan to cope with shortages, further increases in energy prices and the impact on growth, The Guardian reported.

Biggest market jump in a month adds Rs 3.4 trillion to investor wealth

1.4% jump comes on the back of easing recession fears, China policy support

Wickremesinghe suggests 'all-party govt' to recover from economic crisis

Acting President Ranil Wickremesinghe urged the political parties to put aside their differences and form an all-party government which would allow Sri Lanka to recover from the economic crisis

IMF chief describes Sri Lanka as warning sign for nations with high debt

The IMF Chief made these straightforward remarks at the hybrid meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG) held in Indonesia which kicked off on July 15

IMF to slash global economic growth outlook 'substantially' at next review

The IMF already downgraded its outlook for the global expansion this year to 3.6 per cent, from 4.4 per cent before the war in Ukraine, in its April report

Pakistan, IMF reach agreement on $6 billion extended fund facility loan

The discussion was finalized by an IMF team led by Nathan Porter and the agreement is subject to approval by the IMF's Executive Board

IMF has warned that a long downturn is happening. But is anyone listening?

The IMF has not minced any words when it comes to fiscal policy. It has always advocated tight control over the political inclination to spend now and let someone else worry about the future

Sri Lankan Central bank governor warns turmoil impedes talks with IMF

'I would like to have a stable political administration, the sooner the better, for us to make progress, mainly on the programmes we are negotiating with the IMF'

People power brought down the Rajapaksas in Sri Lanka. But what's next?

If there's one thing these protesters have shown, it is that the Rajapaksas can be defeated

IMF Chief Kristalina says cannot rule out possible global recession

The IMF is expected to release its updated forecast for 2022 and 2023 in late July, after slashing its forecast by nearly a full percentage point in April

SL to present debt restructuring plan to IMF by August: PM Wickremesinghe

Sri Lanka will present a debt restructuring programme to the IMF by August to secure a bailout package, Prime Minister Ranil Wickremesinghe told Parliament on Tuesday

Pak hikes petroleum prices under deal with IMF to revive bailout programme

Prices of all petroleum products went up by about Rs14-19 per litre after the decision came into effect from midnight on Thursday