G20 members to back carbon pricing role for the first time in the climate fight
The executive board of the International Monetary Fund approved a $650 billion expansion in resources to support economically vulnerable nations as they battle the coronavirus pandemic.
Following the rate decision, Governor W D Lakshman expressed confidence that Sri Lanka could avoid seeking a bailout from the International Monetary Fund
IMF chief this month proposed the new trust to allow rich countries to channel some of their new IMF reserves to poor and middle-income counterparts ravaged by Covid or climate change
The International Monetary Fund on Friday proposed to set up an international carbon price floor to help limit global warming and achieve the transition toward low carbon growth over this decade
Climate change is at the top of the agenda this year in both developed and emerging market countries, says Ahluwalia
Pakistan's economy suffered a 0.47 per cent contraction in FY2019/20
China is a clear winner; US a distant second; Europe and the UK are among the losers; India an also-ran
World Bank Group and International Monetary Fund (IMF) have called on countries anticipating excess Covid-19 vaccine supplies in the coming months to release their surplus doses
IMF has said that the situation in India is a warning of the possible events in low- and middle-income nations that have seemingly escaped the pandemic till now
That investment would fund an ambitious effort to immunize at least 40% of the global population by the end of this year and 60% or more by the first half of 2022, the IMF said
Outlook beset by uncertainties, but GDP in 2021-22 likely to be lower than in 2019-20
Covid-19 infections in India have surged past 21 million, with a death toll of 230,168, health ministry data showed
IMF Managing Director Kristalina Georgieva said she is "confident" the financial organisation will distribute a new allocation of Special Drawing Rights (SDR) to member countries by mid-August
She told a Peterson Institute for International Economics event that the better outlook is increasing demand for exports from many countries
The IMF expects Asia's economy to grow 5.4 per cent in 2022
India is on the right track and is innovating on the policy side, but the country needs to capture all the segments of the financial market to fuel growth in the country, according to IMF official
India, which is projected to grow at an impressive rate of 12.5 per cent this year, needs to grow at a much faster pace to make up for the unprecedented contraction of eight%
Asserting that the effects of the pandemic will be felt for years, the IMF and the World Bank have been urged to ensure timely delivery of safe and effective vaccines across all countries
Pakistan is set to meet a dozen conditions in six months to stay in the $6 billion IMF programme, but the cash-strapped country's economic endurance still hinges on a $11 billion lifeline from China