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Economic fallout of war in Ukraine expected to negatively impact India: IMF

The global economic fallout of the war in Ukraine is expected to negatively impact India's economy, while the immediate impact of the conflict on China is likely to be relatively small, the IMF said

IMF not asking for removal of central bank Governor: Sri Lanka

Addressing the nation on Wednesday evening, President Gotabaya Rajapaksa said that he has decided to work with the IMF to overcome Sri Lanka's economic woes, reports Xinhua news agency

Unprecedented sanctions against Russia to impair trade in Europe: IMF

Extraordinary sanctions imposed against Moscow over Ukraine war will weaken financial intermediation and trade and will surely lead to the recession, IMF officials said in a blog published on Tuesday

Ukraine's economy can shrink by up to 35% if war continues, says IMF

Ukraine's economy is expected to shrink by 10 per cent in 2022 as a result of Russia's military operations, Ukrainian media reported citing the International Monetary Fund report

Sri Lanka seeks IMF help as FM leaves for India to sign $1 bn bailout deal

Sri Lanka's economy was facing 'mounting challenges' with public debt reaching 'unsustainable levels', the IMF has said earlier this month

Top headlines: LIC may have to be revalued, Russia-Ukraine to hold talks

RBI has publicly expressed strong reservations against permitting cryptocurrencies

Talks with Pak stalled after IMF objects to Imran Khan's relief package

Ongoing talks between Pakistan and the International Monitory Fund (IMF) have so far remained inconclusive due to "deviations" from agreed terms, media reports said on Saturday.

Sri Lanka to start talks with IMF on debt restructuring: Report

The island nation has to repay about $4 billion in foreign debt this year, including a $1 billion international sovereign bond maturing in July.

Surge in global energy prices will hurt India, says IMF MD Georgieva

India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said IMF MD Kristalina Georgieva

FM Sitharaman discusses impact of rising commodity prices with IMF chief

Finance Minister Nirmala Sitharaman on Friday held a virtual meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva and discussed various issues, including the impact of rising commodity prices on world economy. They also had a discussion on the 16th General Review of Quotas scheduled to be completed by 2023 and the need to ensure that under-representation of emerging markets and developing economies is addressed. "FM Smt. @nsitharaman & Ms. @KGeorgieva, both expressed concern at diminishing focus & global supply of #Covid19 vaccines. FM highlighted India's achievement in successfully administering 1.79 bn doses while at the same time supplying 162.9 mn doses to countries in need," the finance ministry said in a series of tweets. They spoke about the issue of global supply chains being affected, commodity prices rising and the possible effects on the world economy, it added. "FM Smt. @nsitharaman and Ms. @KGeorgieva suggested that the key ...

'Unthinkable' has happened, we've war in Europe: IMF MD Georgieva

Russia's invasion of Ukraine has consequences not only on that country, but also in the region and the world, IMF Managing Director Kristalina Georgieva has warned

IMF approves $1.4 billion in emergency financing for Ukraine amid conflict

The International Monetary Funds has approved USD 1.4 billion in emergency financing for Ukraine amid the ongoing war with Russia, the fund said in a statement

IMF to consider providing $1.4-bn worth financial aid to Ukraine

The IMF has changed the focus of discussions with Kyiv from 'reforms' to 'crisis management,' IMF Managing Director Kristalina Georgieva said

Sri Lanka devalues rupee, seen as step towards IMF help

Sri Lanka's foreign reserves fell to $2.36 billion at the end of January

War in Ukraine, sanctions will have 'severe impact' on global economy: IMF

JPMorgan Chase & Co. economists have cut their outlook for global growth this year by about a percentage point, and raised their inflation estimate.

Price shocks due to Russia-Ukraine war will have impact worldwide: IMF

Energy and commodity prices including wheat and other grains have surged due to the Ukraine war, adding to inflationary pressures from supply chain disruptions and the rebound from the Covid, IMF said

Pakistan confident of defending $1.5 billion fuel subsidy at IMF review

PM Khan this week announced a cut in fuel and electricity prices despite a steep global rise in the cost of oil, pledging to freeze the new rates for 4 months

Pakistan signs trade deal with Russia amid war--how will the IMF react?

Pakistan has become the first country to officially sign a huge trade deal with Russia at a time when Moscow has come under severe criticism

Argentina, IMF reach preliminary $44.5 bn deal to resolve debt burden

Argentina and the International Monetary Fund (IMF) have reached a preliminary $44.5 billion agreement to help the South American country manage its debt burden, the Economy Ministry here said.

Sri Lankan economy facing mounting debt crisis, urgent reforms needed: IMF

Sri Lanka is currently reeling under a severe foreign exchange crisis with falling reserves and the government is unable to foot the bill for essential imports