Page 44 - Imf

IMF warns Fed interest rate hikes may delay Asia's economic recovery

Rising inflationary pressure, China's economic slowdown and the spread of coronavirus cases from the Omicron variant also cloud the region's outlook

IMF downgrades 2022 global growth forecast to 4.4% amid Omicron surge

Growth will slow as economies grapple with supply disruptions, higher inflation, record debt and persistent uncertainty: IMF's Gita Gopinath

IMF urges El Salvador to ditch Bitcoin as legal tender citing risks

IMF also said the Covid-19 pandemic interrupted ten years of growth, but El Salvador is rebounding quickly

More pain for emerging economies when developed world raises rates: IMF

The IMF reduced its 2022 growth forecasts for the emerging economies in Asia to 5.9% from 6.3% previously in its latest outlook

Omicron effect: IMF cuts India's GDP forecast for FY22 to 9% from 9.5%

On a calendar year basis, it projected India's GDP growth at 8.7 per cent in 2022 and 6.6 per cent in 2023

IMF cuts India's GDP forecast for FY22 to 9% from 9.5%

The International Monetary Fund (IMF) has cut India's economic growth forecast to 9 per cent for the current fiscal year ending March 31, joining a host of agencies which have downgraded their projections on concerns over the impact of a spread of new variant of coronavirus on business activity and mobility. In its latest update of World Economic Outlook on Tuesday, the Washington-based international financial institution, which had in October last year projected a 9.5 per cent GDP growth for India, put the forecast for the next fiscal FY23 (April 2022 to March 2023) at 7.1 per cent. The Indian economy had contracted by 7.3 per cent in the 2020-21 fiscal year. The IMF's forecast for the current financial year is less than 9.2 per cent that the government's Central Statistics Office has predicted and 9.5 per cent that the Reserve Bank of India has estimated. Its forecast is lower than the 9.5 per cent projection by S&P and 9.3 per cent by Moody's but more than the 8.3 per cent ...

IMF, ECB leaders voice concern over global economic outlook at WEF meeting

The leaders of the International Monetary Fund and the European Central Bank discussed the future of the global economy and called for urgent policy actions to ensure an equitable recovery.

World Economy to lose $12.5 trn in output by 2024 due to Covid: IMF Chief

The world economy will lose $12.5 trillion in output by 2024 due to the pandemic, the International Monetary Fund managing director said on Thursday.

Argentina's Covid miracle

Thanks to its policies to strengthen the real economy, the country has been enjoying a remarkable recovery

IMF payments 'costing more than Covid': Argentine VP slams funding agency

The IMF allocated over $4 billion to Argentina when it disbursed more than $650 billion to its members last year.

What is Balance of Payments (BoP)?

The equity markets have grown exponentially since the 1991 liberalisation. But in 1991, India was in the midst of its worst balance of payments crisis ever. Find out more about balance of payments

Sri Lanka rules out IMF bailout, seeks China loan: Report

"The IMF is not a magic wand," central bank Governor Ajith Nivard Cabraal said

IMF names UC Berkeley's Pierre-Olivier Gourinchas as next chief economist

French-born University of California-Berkeley economist Pierre-Olivier Gourinchas will replace Gita Gopinath as the Fund's next chief economist

IMF defers Pakistan's 6th review to release $1 billion under fund facility

The International Monetary Fund (IMF) on Monday deferred Pakistan's consideration of the completion of the sixth review and release of a USD 1 billion tranche under the Extended Fund Facility (EFF).The Executive Board of IMF made the decision of postponement after receiving a request from the Pakistani authorities. The consideration was scheduled for January 12, 2022, reported The News International.When contacted about the exact date for consideration of Pakistan's request by the Fund's Executive Board, the IMF's Resident Chief in Pakistan, Esther Perez Ruiz, replied, "The Board meeting for consideration and eventual approval of the 6th Review under the EFF is being postponed at the request of the authorities. The new date is yet to be determined."Top official sources confirmed to The News here on Sunday that the IMF's Executive Board had removed from its calendar 2022 consideration of Pakistan's case for completion of the 6th review scheduled for January 12 and release of USD 1 ...

IMF says emerging economies must prepare for Fed policy tightening

In a blog published Monday, the IMF said it expected robust US growth to continue, with inflation likely to moderate later in the year.

IMF delays release of new forecast to factor in Covid developments

The International Monetary Fund will release its World Economic Outlook on Jan. 25, a week later than planned, to factor in Covid developments

Why is the IMF trying to be an aid agency?

Forceful conditionality is essential to establish financial stability and ensure that IMF's resources do not end up financing capital flight

Pakistan cabinet approves IMF mandated supplementary budget

The IMF agreed last month to revive a stalled $6 billion funding programme but demanded further budgetary tightening from Pakistan before the next tranche could be approved

Harnaaz, Leena or Gita: Who's your icon?

The results from the poll were quite interesting. Harnaaz won hands down in Jaipur; Leena was a distant second

Macroeconomic target setting has now become a joke and needs review

The time has come to start questioning this target setting business. Since 2009 these targets for financial stability have become a joke everywhere.