Page 48 - Imf

'Not true': IMF chief denies pro-China pressure on World Bank report

Georgieva used a previously scheduled meeting with staff to address findings contained in an independent report on data irregularities in World Bank's now-canceled "Doing Business" rankings

IMF chief Georgieva in spotlight after World Bank China rigging report

The IMF review was launched after Georgieva briefed the board on the issue on Thursday

IMF chief lobbied to improve China's biz ranking, says World Bank

To discontinue 'Doing Business' reports after ethics review

World Bank discontinues business climate report after ethics review

IMF MD Kristalina Georgieva was cited by the World Bank in the probe of its periodic 'Doing Business' report

Sri Lanka's central bank governor Lakshman resigns amid reserves crisis

Sri Lanka did not immediately announce a successor to Lakshman, who took up the post in December 2019. The government said he would step down on Tuesday

Sri Lanka is facing a severe foreign exchange crisis, says finance minister

The government's revenues were also far short of target as pandemic curbs hurt economic activity, Rajapaksa said during a debate in parliament Tuesday

US should strengthen multilateral institutions

The US should, as leading economic power, quickly rescue moribund WTO dispute settlement mechanism and work with other countries to come up with meaningful initiatives

IMF raises India's special drawing rights allocation to $17.86 billion

SDR is an alternate reserve currency floated by the IMF, which the member countries can freely exchange between themselves

India's holding of special drawing rights rises to $19.41 billion

The Reserve Bank said India's holding of IMF's Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is equivalent to $19.41 billion as per exchange rate

How Africa can seize the moment and start resetting its ties with the IMF

To understand what Africa needs to do, it's helpful to review the history of Special Drawing Rights

Impoverished Afghanistan got rid of America, but not the US dollar

Afghanistan is in dire need of funds, but nothing of consequence happens at lending institutions like the IMF without US approval.

Taliban takeover: IMF curbs funds, US halts arms sales to Afghanistan

While Afghanistan will still receive the assets, it won't be able to use them because the new regime lacks international recognition, the IMF said

Too soon to predict economic spillover of crisis to Pakistan: IMF 

Taliban insurgents tightened their grip on Afghanistan on Friday, wresting control of its second and third biggest cities

RBI buys record gold this year: At 700 tonnes, reserves up 27% in 2 years

The central bank's gold reserves stood at 705.6 tonnes as on June 30. The gold reserves were at 558.1 tonnes in the beginning of 2018

IMF slashes India's economic growth forecast for FY22 to 9.5%

However, IMF sees India's GDP growing by 8.5%, 160 basis points higher than its earlier projection, in the next financial year (FY23)

Top headlines: IMF cuts India's FY22 GDP forecast; IndiGo Q1 loss widens

Business Standard brings you this evening's top stories

Global recovery gap widens on unequal vaccine access, IMF says

Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs, says IMF

World economy seen growing 6% in 2021, no change from April projection: IMF

Advanced economies, in which close to 40% of the population has been vaccinated, are largely reopening after last year's Covid-19 lockdowns.

IMF board approves policy reforms to support recovery of low-income nations

The executive board of the International Monetary Fund has approved a set of policy reforms to the concessional lending facilities to better support the recovery of low-income countries from Covid-19

IMF urges countries to move from economic rescue to growth-oriented reforms

Improved competition policy frameworks such as those being debated in Europe and the United States can reduce the concentration of market power among a few firms