Page 40 - Imf
FM meets IMF chief; discusses impact of geopolitics on global growth
Congratulating India on its successful vaccination programme to control spread of Covid-19, Georgieva also appreciated New Delhi for extending relief to other vulnerable countries to fight pandemic
 "FM meets IMF chief; discusses impact of geopolitics on global growth")
Crisis-hit Sri Lanka seeks emergency financial assistance from IMF
Sri Lanka is seeking up to $4 billion this year to tide over problems and pay creditors amid dwindling foreign reserves and Asia's fastest inflation
 "Crisis-hit Sri Lanka seeks emergency financial assistance from IMF")
IMF chief hails India's help to Sri Lanka in dealing with economic crises
Georgieva made these remarks during the Spring Meetings of IMF-World Bank (WB) in Washington DC with Sitharaman
 "IMF chief hails India's help to Sri Lanka in dealing with economic crises")
Major risks of crypto - money laundering and terror financing: Sitharaman
The Union Minister reached Washington today on an official visit to attend the Spring Meetings at the World Bank, the G20 Finance Ministers meeting and the Central Bank Governor Meeting (FMCBG)
 "Major risks of crypto - money laundering and terror financing: Sitharaman")
One-fifth of humanity could face poverty, hunger from Ukraine war: UN chief
IMF Managing Director Kristalina Georgieva said on Thursday that the Ukraine conflict will downgrade forecasts for 143 economies this year, which collectively make up 86% of the world's GDP
 "One-fifth of humanity could face poverty, hunger from Ukraine war: UN chief")
Extreme poverty in India fell sharply in 2011-19: World Bank paper
Rural decline steeper than in urban centres
 "Extreme poverty in India fell sharply in 2011-19: World Bank paper")
Sri Lankan delegation heads to US to seek $4 bn bailout package from IMF
A Sri Lankan government delegation is headed to the US as it desperately tries to salvage the country's beleaguered economy
 "Sri Lankan delegation heads to US to seek $4 bn bailout package from IMF")
Oil and edible import bills surge by 60% in Pakistan, says report
Government decides to resume talks with IMF for package revival
 "Oil and edible import bills surge by 60% in Pakistan, says report")
Pakistan: Shehbaz govt to retract from decision on fuel hike, says report
According to The News International, the sources said, the government thinks subsidising the masses with this huge multi-billion rupee package for cheap products is not a viable option
 "Pakistan: Shehbaz govt to retract from decision on fuel hike, says report")
FM Nirmala Sitharaman leaves for US to attend World Bank, IMF meetings
During the official visit to the US, Sitharaman will take part in bilateral meetings with several countries, including Indonesia, South Korea, Sri Lanka and South Africa
 "FM Nirmala Sitharaman leaves for US to attend World Bank, IMF meetings")
IMF likely to slash FY23 GDP growth forecast for India to 8-8.3%
Its FY23 projection would still be better than many
 "IMF likely to slash FY23 GDP growth forecast for India to 8-8.3%")
Russia-Ukraine war, Covid-19 surge in China on IMF-World Bank agenda
A key global issue, cryptocurrency regulations, will not feature in the agenda and are unlikely to be discussed on the sidelines as well, Business Standard has learnt
 "Russia-Ukraine war, Covid-19 surge in China on IMF-World Bank agenda")
Sri Lanka seeks up to $4 bn ahead of IMF talks; Pak to name finance chief
The island nation is looking at making a "decent case" before the International Monetary Fund to help preserve the economy, Finance Minister Sabry said
FM Nirmala Sitharaman stresses on timely completion of IMF quota review
The meeting took place ahead of the upcoming Spring Meetings of IMF in Washington DC
 "FM Nirmala Sitharaman stresses on timely completion of IMF quota review")
Sri Lanka raises key interest rates by 700 basis points to 14.5%
The heavily indebted country has little money left to pay for imports, meaning fuel, power, food and, increasingly, medicines are in short supply
 "Sri Lanka raises key interest rates by 700 basis points to 14.5%")
The street has spoken in Sri Lanka: the Rajapaksa brothers have to go
The government prioritized servicing external debt rather than ensuring it could provide for its people
 "The street has spoken in Sri Lanka: the Rajapaksa brothers have to go")
How has India's consumption inequality come down to a four-decade low?
A recent IMF working paper said that India's consumption inequality during the Covid-affected 2020-21 fell to near the lowest level in the last 40 years. It was due to the govt's free ration scheme
 "How has India's consumption inequality come down to a four-decade low?")
Consumption inequality fell to a near-four-decade low in FY21, shows data
IMF study attributes it to free foodgrain supply to 800 million beneficiaries
 "Consumption inequality fell to a near-four-decade low in FY21, shows data")
During Covid, free food helped rein in poverty in India: IMF paper
India has "eliminated low-income poverty (which is based the purchasing power parity or PPP of $1.9 per person a day)", the lead author of the paper said
 "During Covid, free food helped rein in poverty in India: IMF paper")
Monitoring political, economic developments in Sri Lanka very closely: IMF
The International Monetary Fund (IMF) said on Tuesday that it is monitoring political and economic developments in Sri Lanka "very closely" as public unrest in the island nation grows
 "Monitoring political, economic developments in Sri Lanka very closely: IMF")